The energy storage market is expected to grow to $546 billion in annual revenue by 2035, according to a new report from Lux Research. Lux estimates that the three main drivers of energy storage—mobility applications (BEVs and FCEVs), electronic devices, and stationary storage—will reach an annual combined deployment level of 3,046 GWh over the next 15 years, up from the current 164 GWh, with mobility applications responsible for the bulk of the increase.
The study predicts that the EV battery market will grow from its present $2 billion to more than $400 billion by 2035. The report also identifies five major technologies that are well-positioned to drive growth in energy storage markets: battery recycling, electric aviation, flow batteries, thin-film batteries and solid-state battery improvements.
Source: Lux Research
Source: Electric Vehicles Magazine
The Fiat 500e electric car will return for a second generation, but this time it will likely not be sold in the United States. After withdrawing both gasoline and electric versions of the 500 from the U.S., Fiat unveiled a redesigned 500 for the European market. This marks the first redesign of the retro city car since 2007. The gasoline 500…
