Present scenario of Europe Li-ion Battery Market for AEVs 2015-2019

2015-05-25 3

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Research analysts forecast the Li-ion battery market for AEVs in Europe to grow at a CAGR of 29.2 percent over the period 2014-2019. Li-ion batteries are extensively used as a source of power in AEVs. In HEVs, they are used as an alternative source of power. They are used as a primary source of power in BEVs and PHEVs. The application base of Li-ion batteries is higher in BEVs and PHEVs because of their high energy density and long lifespan compared to other rechargeable batteries available in the market.