The 2015 xEV Industry Insider Report, authored by Dr. Menahem Anderman, projects the following:
Combined annual global plug-in electric vehicle sales will grow from 350,000 today to 1.4 million by 2020
After 2020, the growth rate is expected to increase even more
Sharper growth expected for PHEVs than for EVs
On the battery front, the report states:
Lithium-ion battery market for plug-in electric cars totaled $4.1 billion in 2014 and will reach $10.7 billion in 2020
LG Chem and Panasonic are the market leaders; with Samsung, GS Yuasa and AESC listed as significant players
Dr. Anderman is founder and chairman of the Advanced Automotive Battery Conference (AABC). This year’s AABC is scheduled for June 15-19 in Detroit, Michigan.