Will the Spike in Crude Oil Prices Spur Lithium Battery Interest

Robert Kanode, CEO of Valence Technology, says the increase in oil price highlights the need for electric cars and lithium batteries. Kanode also addresses the recent battery fires in the Chevy Volt and the difference in their technology.

Chevy Volt Battery Fix Close

GM engineers are moving closer to a Volt battery fix, reports CNBC's Phil LeBeau.



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Chevy Volt a Dead Battery?

Rep. Mike Kelly, (R-Pa.), says there is no market for the Chevy Volt in the U.S.



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The Battery 500 Project

Today, a vast majority of the worlds oil is burned for transportation. Energy sources such as wind, geothermal and solar power, fluctuate continuously and can do little to reduce oil consumption unless the energy produced can be harnessed and stored. Many experts believe the solution may lie in the development of an efficient, affordable energy storage network. Simply stated, energy storage not energy generation is seen as an important step toward the future.

A key part of current electric energy storage research will be influenced by the work of a consortium that hopes to develop next generation lithium batteries able to power electric vehicles for 300 to 500 miles on a single charge. This research may uncover major advances in larger scale power storage for future electric grid applications. This next generation battery is called Lithium-air.

In this video, experts from talk about the research and development behind Lithium-air and why they feel it may represent the future of energy storage for electric vehicles.




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China's Electric Car Power

Thanks to Warren Buffett, BYD, a Chinese battery maker aspiring to be a global electric car maker, aims for 700,000 vehicle sales next year, four times its 2008 level.