AAB Intros Hybrid-Electric Vehicle Battery ReportDecember 11, 2001 by Jeff Shepard
Advanced Automotive Batteries (AAB, Oregon House, CA) announced the release of a 2001 industry report, "Battery Life Key to Growth of Hybrid-Electric Vehicles - But Which Battery?", which is an in-depth analysis of the various designs for pure electric vehicles, hybrid-electric vehicles and vehicles with upgraded 42V electrical systems - as well as their associated battery requirements and ultimate value to customers.
The report is based on site interviews with 12 leading car companies and over 24 of their electrical systems and battery suppliers. The report further analyzes each of the following energy solutions to power advanced vehicles: valve-regulated lead-acid, lithium-ion, nickel-metal hydride, fuel cells and ultracapacitors. The analysis yields projections regarding the most likely technology to power each of the various advanced vehicle applications.
The report reveals that over the next seven years, advanced (HEV and 42V) vehicles will become increasingly available and the corresponding battery market will grow accordingly. Even with conservative estimates, which are lower than the combined plans of major automakers, HEV volumes will reach 600,000 units by 2008. The resultant advanced automotive battery market is expected to top $500.0 million by that year, with nickel-metal hydride batteries capturing $400.0 million, and valve-regulated lead-acid batteries capturing $100.0 million.