ABI Research forecasts $47B market in 2020 for battery modules for hybrid and electric vehicles
Green Car Congress
JANUARY 23, 2012
ABI Research projects that the battery module market for hybrid and electric vehicles will grow from about $5 billion in 2010 to $47 billion in 2020, representing a CAGR of 25% over 10 years. Also, some existing hybrid vehicles will be fitted with larger batteries to improve their electric-only range.
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