IDTechEx: NiMH batteries still dominant in full hybrids, largely due to Toyota
While the lithium-ion battery is dominant in battery-electric vehicles, NiMH batteries are still the most common in full hybrid vehicles (HEVs), according to a new report “Full Hybrid Electric Vehicle Markets 2021-2041” from IDTechEx.
Toyota is the ruling OEM in the global HEV car market, with more than 60% market share in 2019. Other manufacturers have started to eat into this share over the years, but Toyota still reigns supreme. While the other OEMs have mostly transitioned towards Li-ion batteries for their HEVs, Toyota remains committed to NiMH batteries and HEVs for the foreseeable future, with the majority of their line-up now using either NiMH or Li-ion depending on the specifications.
Hybrid Electric Vehicles: A Stay of Execution for NiMH Batteries, Explores IDTechEx
BOSTON, Jan. 21, 2021 /PRNewswire/ When discussing the topic of battery-electric vehicles, the lithium-ion battery is dominant; however, for full hybrid electric vehicles (those that have electric-only modes but do not plug-in), NiMH batteries are still the most common battery on the road. With the growing market for hybrid electric vehicles (HEVs), will this drive further demand for NiMH batteries and stop them from being eliminated from the automotive market?
The new report from IDTechEx on Full Hybrid Electric Vehicle Markets 2021-2041 covers this topic along with the key players and geographical markets for HEVs. Battery and motor-generator technology is analyzed for HEV cars, buses, and trucks, giving forecasts for Li-ion and NiMH battery demand over the next 20 years.
Jan 6, 2021
Hybrid electric vehicles (HEVs) have seen significant growth in sales over recent years, and the HEV market is set to increase in 2020 despite the implications of Covid-19 on the global automotive industry.
According to IDTechEx, HEVs or self-charging hybrids (hybrids which do not plug in but have electric-only driving modes), provide for the consumer that wants reduced fuel consumption and CO2 emissions but isn’t completely convinced by the proposition of plug-in vehicles.
This could be due to the increased cost of battery-electric vehicles (BEVs) and plug-in hybrids (PHEVs) or the potential lack of charging capabilities at their residence. Either way, the HEV presents a good opportunity in the short term for these consumers.
The European car market is expected to see a significant drop in sales for 2020 due to COVID-19-related shutdowns. However, the HEV market is expected to continue its strong growth. Photo Credit: IDTechEx, “Full Hybrid Electric Vehicle Markets 2021-2041.”
A new report from independent market research company IDTechEx on “Full Hybrid Electric Vehicle Markets 2021-2041” gives a granular breakdown of the hybrid electrical vehicle (HEV) market in Japan, Europe, the U.S., China and South Korea for cars, buses, trucks and light commercial vehicles (LCVs) along with their battery and motor-generator technologies with forecasts for the next 20 years. According to the report, HEVs have seen significant growth in sales over recent years, and the HEV market is set to increase in 2020 despite the implications of COVID-19 on the global automotive industry, with expectations to peak at $792 billion by 2027.