32.7 Million Electric Cars by 2015 - 3/3/09

A new report called “Worldwide Nanotechnology Electric Vehicle Market Shares Strategies and Forecasts” has been put out by Electronic.ca Publications, the electronic industry market research and knowledge network.

Electric vehicles will represent a shift in the vehicle market.  Car companies positioning themselves to this market will likely succeed.  Others who only want to modify existing designs to electric vehicles will not be as successful.

In 2008 there were 685 electric vehicles on the market and the report suggested it will reach 32.7 million by 2015 due to the growing demand for electric vehicles. Lithium battery technology advanced with cell phone and PC demand will provide the technology for powering electric vehicles.

Nanotechnology thin film lithium-ion batteries should grow fast due to their ability to deliver power more efficiently.  The development of thin film lithium-battery technology will help the future of electric cars.  Unlike other batteries, thin film solid-state batteries show very high cycle life.  Thin cathodes batteries have been cycled over 45,000 times with very limited loss in capacity retaining 95% of its original capacity according to the report.

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