Auto Planning to buy an electric vehicle? Here's how lithium-ion batteries work, explained Updated : July 18, 2019 06:13 PM IST First sold commercially in 1991 by Sony for its camcorders, these types of batteries are good for much more than portable consumer electronics. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.