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World demand for battery materials will hit $22.8 billion by 2012

It will come as no surprise to regular readers of AutoblogGreen that there are a ton of hybrid and electric vehicles scheduled to show up on the market over the next few years. All of these machines will share one major component: batteries. According to a study by The Freedonia Group, Inc., a Cleveland-based industry research firm, the worldwide demand for the materials needed to produce these batteries will rise to $22.8 billion – a 3.9-percent increase – by the year 2012. Most of the demand will be for lithium- and ... Read more →

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