greentechmedia (moslet) - Makers of lithium-ion batteries are rapidly expanding their factories in anticipation of a ballooning market for electric cars. The trouble is, none of them can be sure what the demand will be..For many battery makers, the consequence of long-term oversupply could be catastrophic. A flooded market will push down prices and send profits tumbling. Start-ups with innovative technology could find it hard to survive. Recovery Act funds have played a big role in the build-out. One company to benefit is Johnson Controls-Saft. Without stimulus funds, the company would have built a factory in Asia, says John Schaaf Jr., vice president of market development at Johnson Controls. John Gartner, a senior analyst at Pike Research, says oversupply is possible. He projects that by 2015 the installed price of battery systems (including thermal management gear and other finishing equipment) will be cut in half.
US Recovery Act: the progress so far in electrifying America’s transport
cars21.com - The US Department of Energy has released a report which documents how the funds from the Recovery Act have been allocated so far in projects related to electric vehicles, how investments interact to stimulate both supply and demand for electric vehicles, as well as the progress so far and the future expectations in terms of advancing electromobility in the US. Read the report
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