Major Research and Advancements in Lithium Batteries/Tesla and Panasonic Plan Gigafactory, Business and Industry Trends Analysis

Although all-electric vehicles still make up only a fraction of the automotive market, the battery industry is expected by some analysts to boom.  However, the extreme drop in gasoline prices that began in late 2014 and continued into 2018 is tempering near-term demand for hybrids and all-electric vehicles.  Historically, battery-powered vehicles have been more costly when compared to gasoline-powered cars.  At one point, researchers at the University of Chicago and MIT contended that even if oil prices rebounded to $100 per barrel, battery prices would have to drop by a factor of three to be competitive, and be able to…

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