NEW YORK, Feb. 10, 2020 /PRNewswire/ —

Lithium-ion Batteries at $100/kWh Make EVs Cheaper Than Traditional Gas-Powered Vehicles. As the new cathode technologies are applied to lithium ion batteries, the cost of lithium ion batteries will continue to decrease. Lithium-ion batteries aim to cost $100/kWh, – a cost that makes EVs cheaper than traditional gas-powered vehicles. Companies are targeting between $80/kWh and $100/kWh. Realistically companies will likely approach $100/kWh.

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On the basis of product, the market is primarily split into
EV – Electric Vehicle
Cell Phone
Defense / Military

Worldwide Lithium Ion Batteries have applications in every industry. They form the basis of many energy storage platforms. On the basis on the end users/application, this report covers

Automotive / Delivery Vans
Drones, UAV, UUV
Power Tools, Modules
Smart Phone Equipment
Consumer Electronics Products

Worldwide Lithium Ion Battery markets at $33.1 billion in 2019, are expected to reach $1 trillion by 2026.

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