Price Of Electric Vehicle Batteries To Fall As Manufacturing Capacity Outstrips Demand

by / Monday, 19 September 2011 / Published in Smartgrid-CI Blog

The total worldwide manufacturing capacity of lithium-ion batteries for electric vehicles will greatly exceed supply unless demand by automakers increases significantly in the short-term, according to new research by Bloomberg New Energy Finance. As a result of the overcapacity, battery prices are poised to fall…
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After the solar panel industry, it is the turn of the battery industry to get ito a crisis.
Is the renewable business a new bubble? What will be the consequences?

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