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Anderman report projects annual global EV and PHEV market to grow four-fold to 1.4M vehicles between 2014 and 2020

The 2015 xEV Industry Insider Report by Dr. Menahem Anderman, released this week, projects that the combined annual global electric vehicle (EV) and plug-in hybrid electric vehicle (PHEV) market will grow fourfold from 350,000 to 1.4 million vehicles between 2014 and 2020, with even faster growth likely in the following decade.

The report reveals sharper growth for PHEVs than for EVs, with government regulations heavily impacting regional market direction. Chinese and European markets tend toward PHEVs, Japan toward conventional hybrids, and the US—driven by both California and Federal regulations—toward a mixture of xEVs.

According to the report’s baseline estimate, the global Li-ion xEV business, totaling $4.1 billion in 2014, will reach $10.7 billion in 2020. Other battery market highlights from the report include:

  • The NiMH market peaked at about 1.5 million hybrid electric vehicle packs and an estimated value of about $1.8 billion. PEVE is now the only major supplier with Panasonic in the second position but far behind.

  • The Li-ion HEV market is growing with 5-6 major suppliers. 2015 pack business is evaluated at about $1 billion in spite of the many vehicles that utilize the technology.

  • LG Chem and Panasonic are the Li-ion market leaders; Samsung, GS Yuasa and AESC are also significant players.

Anderman’s report is based on onsite interviews with senior battery technologists and business development executives at 13 of the major international automakers and 10 of the main battery-system suppliers.

Dr. Anderman is founder and chairman of the Advanced Automotive Battery Conference (AABC). The 15th international AABC is scheduled for 15-19 June 2015 in Detroit.



Anderman is typically pessimistic about battery technology. Although this report is relatively optimistic for him. I think I see why however. The largest basis for his "expert" opinions is the information he gets from car companies. Well, car companies are always against change because they are run by old, greedy, uncaring people. They are actually stalling the EV build outs, choosing rather to produce at only compliance levels. This relatively optimistic Anderman report may not signal that the car companies are happy that the EVs are coming, but it may signal their realization of it's inevitability.

Just once I like to see a "journalist" wade back through all of Anderman's predictions, which have been negatively slanted, and see whether he has been right or wrong.

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