ABI predicts 470 billion US dollars in EV battery module market in 2020

International Energy Newsletter: ABI Research announced on January 23, 2012 that the market for battery modules for hybrid vehicles and electric vehicles will increase from approximately 5 billion U.S. dollars in 2010 to 47 billion U.S. dollars in 2020, with a compound annual growth rate of 10 years. The rate is 25%.

The continuous demand for cleaner, more efficient vehicles is led by the government's goal of reducing greenhouse gas emissions, which means that financial incentives will be around for a long time.

Charging infrastructure is also rapidly developing in urban areas. Urban areas are the main areas for electric vehicles.

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