The Global Race For Grid-Ready Electric Vehicles Has Started

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By 2015, the world is estimated to have the capacity to make batteries for nearly 400,000 electric cars. A little more than half of that capacity will be in the U.S., largely due to government subsidies."

MENLO PARK, Calif. September 30, 2010; Several grid-ready electric vehicles are scheduled to be introduced to the market from late 2010 to 2012. Boosted by subsidies, several U.S. battery suppliers are expanding their capacity. Lured by the optimistic market forecast, battery producers in Japan, Korea, and China are also expanding. The success of grid-ready vehicles in the next five years will hinge on the performance and cost of the lithium ion secondary battery. Today, SRI Consulting's (SRIC) Process Economics Program (PEP) published the review Lithium for Electric Vehicles a Technology and Economic Assessment that examines the status of the technology and assesses the current production costs along the value chain from lithium carbonate to cell components, battery cells, and battery packs.

Based on the cost structure, the review offers a realistic sales estimate of electric vehicles by 2015 and its impact on the demand of lithium vehicle batteries as well as the supply of lithium chemicals. Author and Director of SRIC's Process Economics Program, R.J. Chang commented,"The world has ample reserve to accommodate future lithium demand growth for years to come, even if the grid-ready vehicles eventually take a significantly large share of the global auto production." Mr. Chang continued, "By 2015, the world is estimated to have the capacity to make batteries for nearly 400,000 electric cars. A little more than half of that capacity will be in the U.S., largely due to government subsidies."

The Lithium for Electric Vehicles—a Technology and Economic Assessment review also investigates the technical requirements of lithium ion batteries, the state of technology development, and performance and cost targets which hold the key to future cost reduction and demand growth. Chemistry and structure of secondary (rechargeable) lithium ion battery cells are covered, and the current performance characteristics of key components - cathode, anode and electrolyte's are presented.

For additional information on Lithium for Electric Vehicles- a Technology and Economic Assessment, contact RJ Chang, at rchang@sriconsulting.com +1 650 384 4307, or visit the website at www.sriconsulting/com/PEP.

About SRI Consulting

SRI Consulting (SRIC) is the world's leading business research service for the global chemical industry. Publishing for over 60 years, SRI Consulting is the preeminent source for in-depth business and process analysis. This review was developed by the Process Economics Program (PEP) group providing in-depth, independent technical and economic evaluation of both commercial and emerging technologies for the chemical and energy industries. SRI Consulting's headquarters are located in Menlo Park, California with offices in The Woodlands, Texas; ZĂĽrich, Switzerland; Tokyo, Japan; and Beijing, China. Representatives of SRI Consulting can also be found in New Delhi, India; Al-Khobar, Saudi Arabia; and Seoul, Korea. Additional information is available at www.sriconsulting.com.

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