HEV & BEV passenger car batteries market to hit 2.16 million units sold in 2013

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'Global Automotive Battery Technologies Market 2013-2023' report

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The global market for automotive battery technologies for battery electric vehicles (BEV) and hybrid electric vehicles (HEV) from 2013 to 2023 is set to grow with globalisation and electro mobility the key drivers. According to the report 'Global Automotive Battery Technologies Market 2013-2023' battery and hybrid vehicles and their electric drivetrains will become more commonplace once consumers become more familiar with the technology which in turn will drive sales of automotive battery technologies. Hybrid electric vehicles and battery electric vehicles offer a solution to both economic and environmental challenges in the automotive sector. As a consequence the report has determined that the sales of HEV & BEV batteries in the passenger car market will reach 2.16 million units in 2013.

As the automotive sector transitions to this new technology, vehicle manufacturers will need to find ways to profitably sell these new technologies. The internal combustion engine (ICE) will still be the dominant power source for vehicles but low emission ICEs, hybrid and electric vehicles will result in manufacturers taking a portfolio approach to vehicle powertrains.

As the sales of automotive batteries are linked so closely to sales of hybrid and electric vehicles, this report reviews and forecasts the market for the overall battery market (HEV & BEV combined), the HEV battery market and the BEV battery market.

View the report: Global Automotive Battery Technologies Market 2013-2023

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