BATTERY PRICE FALLS COULD UNDERPIN NEW GROWTH MARKET FOR LITHIUM
April 1st, 2012
BY LEAH GERMAIN
THE STEADY decline in the price of lithium-ion battery packs is firming up the market for electric cars, making it likely that this new use of lithium will continue to grow.
Recent data shows that the installed cost of lithium-ion batteries will fall more than one-third by the end of 2017. The report, Electric Vehicle Batteries, was released last month by the international research firm Pike Research and also predicts significant growth in revenue from USD2 billion annually worldwide in 2011 to USD14.6 billion in 2017 for lithium-ion batteries ...
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