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Next 10 report finds California will meet or exceed original target of 1.5M ZEVs by 2025

Green Car Congress

The report shows that projected global ZEV adoption from 2015 to 2039 (based on the BNEF 2017 forecast) may follow an s-curve, similar to that of smartphone adoption in the US from 2005 to 2015. Bloomberg New Energy Finance estimates battery cost will decline by almost 10% until 2025, when ZEVs will reach price parity with ICE vehicles.

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Profile: Li-ion Battery and Pack Supplier Valence Technology

Green Car Congress

Donaghy noted that Valence has shipped some 70 MWh of Li-ion battery capacity since 2005—equivalent to 200,000 batteries, or enough for 1,500 3.5 The two companies have had a relationship since 2005. They are usually delivery vehicles working within a neighborhood, and are on the road for 6-8 hour a day and are recharged overnight.

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