Plug-in Hybrids could be 10% of new car sales by 2020

Tesla Electric Sports Car uses Lithium Ion Batteries

According to consulting firm PRTM, plug-in electric hybrid vehicles (PHEV) could account for 10% of all new car sales.

However, lithium ion batteries needed to power electric vehicles and plug in hybrids will be in short supply later this decade unless manufacturing capacity is greatly increased, according to PRTM.

The firms findings contradict recent concerns that too much large format lithium ion capacity is planned, says Oliver Hazimeh, head of PRTM's global mobility practice, but, hey says battery manufacturers will add capacity slowly in part to bottlenecks in production.

Demand for batteries is likely to increase rapidly as infrastructure is built to support Ev's and Plug in's

Articles that may be related to this one

• March 8, 2010 -- U.S. will get compact Lexus Hybrid – CT200
• February 26, 2010 -- A Hybrid Porcshe – The “Green” Hybrid Cayenne
• February 19, 2010 -- Honda Say’s Big Cars Hybrid System In Sight
• February 16, 2010 -- Hybrid car using solar energy announced by Kia