In the rush for designers and manufacturers to target in on the growing demand for greener cars the buzz word in the car industry have to be ‘hybrid’ or ‘electric’. Most major car manufactures from General Motors, Ford and Toyota are all pushing in the direction of the electric car.
But a big question that seems to be overlooking is who is going to make the battery for such vehicles? Batteries are expensive, highly technical, and should by no means be overshadowed, by more marketable considerations.
Those who invest in this industry could stand to make substantial profits
Early prediction might see battery manufactures like BYD coming to monopolize the market
“The Chinese company controls nearly one-third of the world’s cellphone-battery market, but recently decided to make cars and now is pushing hard into electric transportation”
David Cole, chairman of the Center for Automotive Research thinks that batteries will become so important that guaranteeing their production in the U.S. will become a matter of national security. “I’ve never seen anything that has as much potential to alter the way this industry operates,”
In the meantime, car owners with more immediate battery problems may find the purchasing of spare parts online a helpful solution.
Filed in: Green Car News


