Lux: plug-in vehicle battery market to hit $10B in 2020; 6 carmakers = 90% of demand; VW to show most growth
Green Car Congress
JUNE 28, 2016
Led by Tesla, China’s BYD, and Volkswagen, the battery market for plug-in vehicles will rise to $10 billion in 2020, with electric vehicles (EV) emerging as the drivetrain of choice, according to a new forecast by Lux Research. Volkswagen will show the most growth as it focuses on plug-ins following its emissions scandal, while Toyota will continue to lag in plug-in sales as it focuses more on hybrids and fuel cells.