Main Led by Tesla, China’s BYD, and Volkswagen, the battery market for plug-in vehicles will rise to $10 billion in 2020, with electric vehicles (EV) emerging as the drivetrain of choice, according to a new forecast by Lux Research. Volkswagen will show the most growth as it focuses on plug-ins following its emissions scandal, while Toyota will continue to lag in plug-in sales as it focuses more on hybrids and fuel cells. Just six large carmakers will account for 90% of the battery demand: Tesla, BYD, Volkswagen, General Motors (GM), Renault-Nissan and BMW. Among battery-makers, Panasonic will keep its lead with 46% market share, followed by BYD, LG Chem, NEC, Samsung SDI and others. Plug-in adoption is ultimately being fueled by rapidly decreasing battery costs and the success of early […]