Environmental Consciousness Key to Driving Growth in the Lithium-Ion Market
FN Media Group Presents Microsmallcap.com Market Commentary
NEW YORK, May 7, 2021 /PRNewswire/ A growing consciousness among consumers and manufacturers to reduce carbon emissions and reduce reliance on fossil fuel are among the factors fueling the demand for advanced lithium-ion batteries. Increased production of lithium batteries also led to their decreased cost over the last few years, fueling their feasibility for use in electric vehicles, which are projected to contribute to the increased demand for portable lithium-ion battery solutions. The long lifespan of lithium-ion batteries makes them ideal for use in hybrid vehicles. These batteries are also being adopted for other renewable fuel sources as storage systems for solar and wind energy. The global market for advanced lithium-ion batteries is expected to grow at a