Demand for Li-Ion batteries explodes by 447%

[Doug_G]

Demand for Li-Ion batteries explodes by 447% | EPT - Electronic Products and Technology

Global production of lithium-ion batteries will almost quadruple in 2012 to feed growing demand generated mostly by plug-in vehicles according to research firm IDC Energy Insights, Framingham MA.

...

This explosive growth is being driven by the need for batteries in plug-in vehicles and stationary storage. The report also indicated that plug-in electric vehicles will require more than seven times the 2011 production level, rising to 17,331MWh by 2015. North America will lead the demand in the coming year; however, Asia will quickly eclipse North America in demand. If Li-ion costs fall as expected, IDC Energy expects global stationary storage lithium-ion demand on the electric grid will increase by more than 17 times in 2015.

That could explain why Elon is so bullish on the prices dropping.

 

[vfx]

OMG

We will run out!

 

[vfx]

The report also indicated that plug-in electric vehicles will require more than seven times the 2011 production level,

5000 S' with 8000 batteries in each probably makes Tesla a big part of that uptic.

 

[dpeilow]

Poor choice of title...

 

[Todd Burch]

Wonder how that growth compares to expectations. If better, then of course we could see prices fall faster than expected.

 

[Doug_G]

Poor choice of title...

I was wondering if someone would pick up on that! :biggrin:

 

[zack]

Nice. Should have been "Battery sales on fire!"

 

[Mycroft]

Or "Sale of Batteries on Fire!"

I'm happy they have a solid contract with Panasonic.

 

[vfx]

Battery sales heat up?

 

[Eberhard]

there are billions of those cells produced every year which you can find in the Tesla too. If there are increasing numbers of other type like prismatic cells being produced, even 5 times as the year before, it is still a very little number compared to the 18650 cell type.

 

[doug]

Poor choice of title...

Totally. I read it as "Damned Li-ion batteries explode by 477... (children!!)"

 

[hcsharp]

I assume plug-in vehicles includes bicycles, scooters, and motorcycles? Previous articles like this usually suggested that bicycles would account for a much larger increase in demand in the near future than automobiles.