
This surge in hybrid and plug-in automobile usage will result in one thing; storage solutions. Each of these vehicles will require some sort of rechargeable battery. Currently, nickel metal hydride (NiMH) batteries rule the roost, finding their way into the popular Prius. However, many analysts predict that old style NiMH batteries will soon be replaced outright, by lighter, better-charging lithium-ion units. Deutsche Bank estimates that just the automotive market place for these L-ion will reach $10-15 billion in sales through 2010, dwarfing the entire market for L-ion batteries in electronic devices. This echoes the bullish stance from auto makers and the Obama administration, who handed out $2.4 billion in stimulus grants to companies involved in the engineering and design of batteries. Deutsche estimates that advances in L-ion technology could replace NiMH style systems completely by 2020.
Source : Investopedia, by Aaron Levitt
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