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IHS Markit: average cost of lithium-ion battery cell to fall below $100/kWh in 2023

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The average cost of a Li-ion battery cell—used to power electric vehicles and to provide flexibility in the power grid as more renewables, such as solar and wind, are added will fall below $100 per kilowatt hour (kWh) in the next three years, according to a new analysis by IHS Markit.

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DOE-released report finds significant growth in fuel cell industry in 2011, forecasts continuing growth through 2012

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The US Department of Energy (DOE) released a new report showing significant growth for the fuel cell industry in 2011, and forecasting continued growth through 2012. At the same time, fuel cell durability has doubled, expensive platinum content has been reduced by a factor of five, and the cost of fuel cells has fallen 80% since 2002.

2011 252
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Pike Research updates xEV forecasts; projects Ford to lead US PEV market, followed by GM

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Pike Research has published an update to its earlier forecasts on xEVs: hybrid (HEVs); plug-in hybrid (PHEVs); and battery electric vehicles (BEVs). As a result of new assumptions, Pike Research has slightly reduced its forecasts for plug-in vehicles (PEVs: PHEVs and BEVs combined) from past forecasts. million in 2020, or 2.1%

Market 268
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Pike forecasts sales of hybrid and plug-in medium and heavy duty trucks to nearly double in 2012

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According to a new report from Pike Research, the worldwide market for hybrid, plug-in hybrid, and battery electric medium- (MD) and heavy-duty (HD) trucks will grow at 92% in 2012, with total sales surpassing 19,000. In 2012, this trend is likely to continue, particularly in European and developing Asian markets, Pike says.

Plug-in 257
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Frost & Sullivan: inductive (wireless) EV charging to grow with 126.6% CAGR 2012-2020

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A new report from Frost & Sullivan, “Strategic Analysis of Inductive Charging for Global Electric Vehicles (EV) Market,” finds forecasts the total market for inductive (wireless) charging will experience a compound annual growth rate of 126.6% from 2012 to 2020, with approximately 351,900 units likely to be sold.

2020 321
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Pike Research forecasts annual sales of electric bicycles to surpass 47M units by 2018; Li-ion battery share to climb to 12%

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Electric bicycle sales by region, world markets: 2012-2018. Pike Research forecasts that the worldwide market for e-bicycles will grow at a compound annual growth rate (CAGR) of 7.4% between 2012 and 2018, resulting in global sales of 47.6 million vehicles in 2018, up form more than 30 million units in 2012.

Li-ion 273
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Pike forecasts 26.4% CAGR for electric-drive buses to 2018; hybrid, battery-electric and fuel cell

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Pike Research forecasts that the global market for all electric-drive buses—including hybrid, battery electric, and fuel cell buses—grow steadily over the next. from 2012 to 2018. The Africa/Middle East countries will see very little uptake due to the high cost of electric buses and infrastructure, the report finds.

2018 276