Lux Research projects that bulk of energy storage market for vehicles will be for e-bike and micro-hybrids
Green Car Congress
APRIL 16, 2011
The overall market for energy storage technologies that power electric vehicles is set to grow from $13 billion in 2011 to $30 billion in 2016, a compound annual growth rate (CAGR) of 18%. Despite the visibility of plug-in passenger cars with large packs such as the Chevy Volt and Nissan Leaf grab most of the headlines, the bulk of future growth will be driven by more humble vehicles, such as e-bikes and micro-hybrids, according to a new report from Lux Research.