For the electric vehicle market, it looks like small is the new big, especially when it comes to batteries. According to a new study by Lux Research, the market forecast for energy storage devices for electronic vehicles is bright. Lux sees the sector’s overall growth rising from $13 billion in 2011 to $30 billion by 2016 — a compound annual growth rate of 18 percent.
And what will cause this… → Read More
Toyota settled a longstanding patent dispute today with Paice LLC, a firm that first sued the Japanese auto juggernauts back in 2004.
The technology disputed had to do with supplying torque from both an electric motor and an internal combustion engine to a car’s wheels, according to earlier reports by Bloomberg BusinessWeek and confirmed by a Paice spokesperson today. → Read More