Opportunity knocks for battery suppliers as EV demand charges up
July 2018

July 2018

This article discusses a new report by Arthur D. Little entitled, ‘Future of batteries: Winner takes all?’ The report predicts the battery market will become a $90 billion-plus sector by 2025, and that new innovations, such as solid-state electrolyte lithium-ion (Li-ion) batteries, will replace existing battery technologies over the long-term, thanks to rapidly growing demand for battery storage space. Current battery technology can only go so far, cautions the report authors at Arthur D. Little, particularly when battery-driven products need to meet longer-term automotive performance and price requirements and compete without subsidies against internal combustion engines.