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. 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 Visiongain 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.
To Know More :Global Automotive Battery Technologies Market
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