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 2019 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. There remain many obstacles to all-electric vehicles: a shortage of battery charging stations available to the driving public, battery cost and driving range.  Another challenge is the increasing demand for lithium.  Cobalt is also used in lithium-ion batteries. According to…

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