Tesla deal leads to Panasonic holding larger share of plug-in vehicle battery market

Sponsored by

Energy storage batteries for hybrids and plug-in vehicles are growing fast, more than tripling over the past three years to reach 1.4 GWh per quarter, according to Lux Research.

Panasonic has emerged as the leader thanks to its partnership with Tesla Motors, capturing 39 percent of the plug-in vehicle battery market, overtaking NEC (27 percent market share) and LG Chem (9 percent) in 2013.

 

“Even at relatively low volumes — less than 1 percent of all cars sold — plug-in vehicles are driving remarkable energy storage revenues for a few developers, like Panasonic and NEC, that struck the right automotive partnerships,” said Cosmin Laslau, Lux Research Analyst.

“To understand this opportunity, we combined a comprehensive data set of vehicle sales with detailed battery specifications for each car and supplier relationships, yielding a flexible tool that uncovers unexpected insights into this fast-changing market,“ he added.

The electric vehicle drivetrain is the most lucrative for battery developers. Hybrids move the most cars — the Toyota Prius is the best-selling car in Japan and California — but their small battery packs mean they require less energy storage in total than full electric vehicles like the Nissan Leaf.

Hybrids demanded 481 MWh of batteries in Q1 2014, while electric vehicles called for 774 MWh. Nonetheless, in terms of demand by OEM, hybrid leader Toyota (28 percent) edges EV providers Tesla Motors (24 percent) and Renault-Nissan (21 percent).

Regulations and consumer preference drive regional differences. China has the highest ratio in the world of plug-in vehicles to hybrids, but its average EV battery packs are less than half the size of those sold in the U.S. Adoption of hybrids also varies widely: Japanese consumers bought more than three times as many hybrids as U.S. drivers did, despite Japan being a much smaller automotive market overall.

Lithium-ion extends its lead, but NiMH sticks around. Lithium-ion batteries captured 68 percent of the 1.4 GWh of batteries used in plug-ins and hybrids in Q1 2014, with nickel metal hydride (NiMH) technology trailing at 28 percent — but kept aloft by Toyota's loyalty to the lower-cost technology for its top-selling Prius. Next-generation solid-state batteries continue to make only a small dent, with less than 1 percent of the market.

Sponsored by

Most Popular Articles


CURRENT MAGAZINE ISSUE

April 2014
Volume 18, Issue 4
file

Utility Products Topics

Transmission & Distribution
                       Vehicles & Accessories
Tools & Supplies   Safety
Line Construction & Maintenance   Test & Measurement

WEBCASTS

There is no current content available.

UTILITY PRODUCTS BUYERS' GUIDE

POWER INDUSTRY JOBS

Industry Company Pages

Keep up-to-date with the latest news and articles from some of the prominent utility product companies and resources.

BUYER'S GUIDE PRODUCTS

Meter Socket Jumpers - Perfect for Submetering Applications

AEP’s Meter Socket Jumper offers a safe and easy means of bypassing a meter socket. The Socket Jumper can be used with either Ringless or Ring style Meters.

Meter Socket Converter

AE Product’s Meter Socket Converter (CNV) converts various Meter Forms to fit the desired application. 14S, 15S or 16S Socket to accept 2S Meter. Optional features available.

Service Disconnect Adapter with Electronic Meter Energizing

AEP’s Service Disconnect Adapter disconnects customer load but maintains power to the electronic meter. The meter maintains reading and communications links for AMR/AMI operations while only disabling the load side.