Li Based Battery Market PredictionsForbes magazine predicts renewable energy might have a great impact on the world’s economy but “only if it can be cheaply and safely stored. Companies are in a race to crack the anode code”. As such, the market for Li-Chemistry based batteries is projected to top $100B by 2025 and companies are competing to produce the best products on the market. Batteries for electric vehicles (EVs) will constitute the lion’s share of the demand.
Milestones that Need to be MetFor EVs to replace combustion engine automobiles a few milestones need to be reached very soon:
- Battery costs of < = $100 per kWh
- Battery packs that allow 300 miles per charge
- Charge time of <= 10 minutes to ~ 90% of battery capacity
- No possibility of fires
- Battery pack useful life of > 1,000 charge cycles.