Navigant Research Report Finds Improved Value Propositions, Emissions Targets, and Declining Battery Costs Are Driving the Market for Advanced Batteries for Light EVs

BOULDER, Colo.–(BUSINESS WIRE)–A new report from Navigant Research examines the growing global market for advanced batteries in light electric vehicle (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. Click to tweet: According to a new report from @NavigantRSRCH, improved value propositions for LEV customers, emissions goals, and declining costs of advanced batteries, are all driving the market for advanced batteries for LEVs forward.

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