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Li-ion battery market for EVs to reach $21.8 billion by 2015

By Gina Roos

In light of A123 Systems' successful IPO for its lithium-based battery for electric vehicles, The Information Network pegs the global lithium-ion battery market for automotive application in EVs, HEVs, and PHEVs at $31.9 million in 2009, reaching $21.8 billion by 2015 and $74.1 billion by 2020. »

Ener1 buys stake in electric car maker

By Gina Roos

Ener1, Inc., together with a group of investors, plans to invest $47 million of equity funding into Think Global AS, a Norwegian electric vehicle producer. Ener1 will hold a 31 percent stake in the company. »

Treasury, DoE deliver $2B in tax credits for energy manufacturers

By Gina Roos

The U.S. Department of the Treasury and the U.S. Department of Energy have announced a program to award $2.3 billion in tax credits for manufacturers of advanced energy equipment. This new program will provide tax credits of 30 percent to manufacturers that produce clean energy equipment. »

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