Improved Value Propositions, Emissions Targets and Declining Costs Drive Advanced EV Battery Market

Battery

 

Oct 29, 2018

According to a new report from Navigant Research, improved value propositions for light electric vehicle (LEV) customers, emissions goals, and declining costs of advanced batteries, are all driving the market for advanced batteries for LEVs forward. The report examines the growing global market for advanced batteries in LEV applications, providing forecasts through 2027, as well as a review of various battery technologies and regional trends. 

LEVs, including low speed EVs, electric bicycles, and electric-powered two-wheel vehicles, offer the ability to improve personal mobility while reducing pollution from the transportation sector. Key to their performance are advanced batteries, including lithium ion (Li-ion) batteries, which have taken industry precedence thanks to superior energy density and rapidly falling costs.
“Volumetric energy density and battery life are the two most important properties to consider as new advanced battery technical breakthroughs are pursued,” says Ian McClenny, Research Analyst with Navigant Research. “Greater energy density remains desirable, but not at the expense of the battery’s lifespan. Advanced battery manufacturers should push to achieve this goal.”

Though Li-ion is the overwhelming technology choice for LEVs over the next 10 years, next-generation advanced battery manufacturers can test the viability of new chemistries in motive applications in the LEV market. According to the report, doing so presents a low risk and high reward value proposition as this market grows.

The report, Market Data: Advanced Batteries for Light EVs, examines the growing global market for advanced batteries in LEV applications. The study assesses the different vehicle types, including low speed EVs (LSEVs), electric bicycles, and electric-powered two-wheel (e-PTW) vehicles, and use cases for LEVs. Global market forecasts, segmented by vehicle type, technology, and region, extend through 2027. The report also includes a review of the different battery technologies (Li-ion, advanced lead-acid, next-generation advanced, and SLA batteries) and the related regional trends, drivers, barriers, and value propositions. 

Find out more about the report: www.navigantresearch.com/reports/market-data-advanced-batteries-for-light-evs
Photo source: Gerd Altmann on Pixabay

Related Articles


Latest Articles

  • Code Question on Section 24 – Patient Care Areas

    Code Question on Section 24 – Patient Care Areas

    July 14, 2025 The rules for the installation of panelboards, circuits, and bonding in Patient Care Area depends on whether the area is designated as either, Basic Care, Intermediate Care or Critical Care. How are these areas defined? Read more on Section 24 — Health care areas Read More…

  • Ontario’s Institutional Component Drives Non-Residential Construction Intentions in May 2025

    Ontario’s Institutional Component Drives Non-Residential Construction Intentions in May 2025

    July 14, 2025 In May, the total value of building permits issued in Canada rose by $1.4 billion (+12.0%) to reach $13.1 billion. The increase in construction intentions was driven by Ontario’s institutional component (+$1.3 billion). On a constant dollar basis (2023=100), the total value of building permits issued in May increased 11.8% from the previous month and was… Read More…

  • Plan Group Partners in Construction of UHN Surgical Tower at Toronto Western Hospital

    Plan Group Partners in Construction of UHN Surgical Tower at Toronto Western Hospital

    July 14, 2025 Plan Group is proud to be a partner in the construction of the UHN Surgical Tower at Toronto Western Hospital. Plan Group will provide work on the project in: Mechanical: Plumbing, HVAC, Controls, Medical GasElectrical: Lighting & Controls, Power Distribution, Emergency Generators, UPSTechnology: Structured Cabling, AV Systems including Digital Signage and IPTV UHN’s 15-storey Surgical… Read More…

  • How Canada Can Equip Workers for a Low-Carbon Future

    How Canada Can Equip Workers for a Low-Carbon Future

    July 14, 2025 The Canadian economy is shifting towards low-carbon industries, and the workforce is shifting with it. New roles are emerging, traditional ones are evolving and the demand for skilled workers is growing fast — particularly in light of the ambitious nation-building agenda the federal government has set out. In the federal Speech from… Read More…


Changing Scene

  • ECS Earns Platinum Status for 8th Consecutive Year in Canada’s Best Managed Companies Program

    ECS Earns Platinum Status for 8th Consecutive Year in Canada’s Best Managed Companies Program

    July 16, 2025 Electrical Cable Supply (ECS), Canada’s largest independently owned wire and cable distributors, is proud to announce its re-certification with the prestigious Platinum designation in Deloitte’s Canada’s Best Managed Companies program for the eighth consecutive year. This announcement recognizes ECS’s sustained excellence in strategy, innovation, culture, and strong financial performance. The Canada’s Best… Read More…

  • Nexans Canada Partners with Skills Compétences Canada to Sponsor WorldSkills Team Canada 2026

    Nexans Canada Partners with Skills Compétences Canada to Sponsor WorldSkills Team Canada 2026

    July 16, 2025 Nexans has announced its partnership with Skills Compétences Canada (SCC), a not-for-profit organization that actively promotes careers in skilled trades and technologies. As part of the partnership, Nexans will sponsor WorldSkills Team Canada 2026 as they prepare to compete at the 48th WorldSkills Competition, taking place in Shanghai, China, from September 22 to 27, 2026. “At Nexans,… Read More…

  • OEL Apprentice Success Project Available Until March 2026

    OEL Apprentice Success Project Available Until March 2026

    July 14, 2025 With renewed funding by Ontario’s Skills Development Fund, the OEL Apprentice Success Project is now available for another year until March 2026. The project is part of OEL’s Employer Engagement Program (EEP) consisting of wage, training, and equipment subsidies for apprentices. These funding opportunities are available to OEL Members and non-Members. For… Read More…

  • EB Horsman Unveils New Mural at Campbell River Branch

    EB Horsman Unveils New Mural at Campbell River Branch

    July 14, 2025 EB Horsman & Son are thrilled to unveil a new mural at their Campbell River branch, painted by the talented Kwakwaka’wakw artist, Adam Lewis. “This stunning piece celebrates Indigenous heritage and our community spirit,” said EB Horsman on LinkedIn. “As we mark 125 years of serving Western Canada and 55 years in… Read More…