The global electric vehicle battery market, valued at over USD 58.75 billion in 2024, is expected to reach greater heights, driven by increasing demand for EVs and advancements in

Electric Vehicle Battery Market Analysis

An electric Vehicle battery is a type of rechargeable battery which is used to power the electric motor of an electric vehicle. These batteries are designed to give power for a sustainable time period deep-cycle processes. Electric vehicle batteries show many unique characteristics over a normal conventional vehicle battery such as high power to weight ratio, specific energy density, energy sustainability, efficient output etc. The history of EV batteries can be traced back to the early 1990s when the first commercially available electric cars, such as the General Motors EV, were introduced. These early models used lead-acid batteries, which were heavy and had limited range and lifespan. However, the development of lithium-ion (Li-ion) batteries in the early 2000s revolutionized the EV industry, offering higher energy density, longer range, and faster charging times. There are some major components affecting the growth of the electric vehicle market such as increasing demand of EVs, improving technology in batteries as well as vehicle technology, adaption rate by the consumers, raising fuel costs, convenience provided by the electric vehicle, safety measures, less pollution, energy consumptions etc. Most commonly used electric vehicle battery is Lithium-Ion battery. It has more power ratio with high energy density. Other types of battery used in electric vehicle are Lead Acid battery, Nickel Metal Hybrid battery, Sodium Ion and Solid state battery. According to the International Energy Agency (IEA), global battery demand for EVs reached over 750 GWh in 2023, a 40% increase from the previous year. This growth is primarily attributed to the rising sales of electric cars, particularly in major markets such as the United States, Europe, and China. According to the research report "Global Electric Vehicle Battery Market Outlook, 2030," published by Bonafide Research, the Global Electric Vehicle Battery market was valued at more than USD 58.75 Billion in 2024, and expected to reach a market size of more than USD 13.50 Billion by 2030 with the CAGR of 16.39% from 2025-2030. This market directs to an important factor called ‘Green Energy’. Electric battery vehicle is one of the most efficient and promising technology for reducing the carbon emissions by global transportation. Technical advancements happening in electric vehicle battery industry implies more demand towards electric vehicles. Government is also planning proactive initiatives in order to support the growth of the battery market. The increasing demand for EV batteries has led to a surge in the extraction and refining of critical raw materials such as lithium, cobalt, and nickel. In 2023, battery demand accounted for 85% of total lithium demand, 70% of cobalt demand, and over 10% of nickel demand. To meet this growing demand, significant investments have been made in mining and refining operations, ensuring a stable supply of these critical materials. Innovations in battery technology and infrastructure have also played a crucial role in the growth of the EV battery market. Battery-as-a-service models and battery swapping stations have emerged as viable solutions to overcome charging infrastructure challenges, particularly in regions with limited charging facilities. These innovations have made electric vehicles more accessible and convenient for consumers, further driving the adoption of EVs.

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Market Dynamic

Market DriversIncreasing Demand for Electric Vehicles (EVs): Governments across the globe are pushing for sustainable and eco-friendly transportation to curb greenhouse gas emissions and combat climate change. Incentives such as subsidies, tax credits, and rebates encourage consumers to shift from traditional internal combustion engine (ICE) vehicles to electric alternatives. China’s EV sales account for over 50% of global EV demand, backed by government support such as subsidies and policies like the "New Energy Vehicle" (NEV) mandate. • Technological Advancements in Battery Chemistry and Energy Density: Rapid innovations in battery technologies, such as solid-state batteries, lithium-sulfur, and advancements in energy density, are reducing costs and improving the performance of EVs. Better battery efficiency, faster charging capabilities, and longer lifespans make EVs more appealing to consumers. Companies like CATL and Panasonic are working on improving energy densities, with CATL recently developing Qilin batteries offering 1000 km range per charge. Market ChallengesHigh Costs of Battery Production: Despite decreasing prices, EV batteries remain a costly component due to raw material costs, manufacturing processes, and reliance on scarce minerals like lithium, cobalt, and nickel. Additionally, price fluctuations in these materials due to geopolitical tensions and supply constraints pose challenges. • Raw Material Supply Chain Constraints: EV battery production is highly dependent on rare minerals (lithium, cobalt, and nickel), creating vulnerability in the supply chain. A significant portion of mining and refining activities are geographically concentrated, leading to monopolization and supply risks. China dominates more than 70% of the global lithium-ion battery supply chain, causing dependencies and geopolitical risks for other markets. Market TrendsTransition Towards Solid-State Batteries: Solid-state batteries are emerging as a transformative technology that can offer higher energy density, improved safety, and faster charging compared to traditional liquid-electrolyte lithium-ion batteries. They are expected to play a pivotal role in the next generation of EVs. Companies like Toyota and QuantumScape are investing heavily in solid-state battery R&D to commercialize this technology by 2025-2030. • Battery Recycling and Second-Life Applications: As the adoption of EVs grows, so does the concern over battery waste. Recycling technologies and second-life use of EV batteries in applications like energy storage systems are becoming vital to ensure sustainability and cost efficiency. Companies like Redwood Materials (founded by Tesla co-founder JB Straubel) are pioneering recycling processes to recover up to 95% of lithium, cobalt, and nickel from old batteries.

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Manmayi Raval

Manmayi Raval

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Electric Vehicle Battery Segmentation

By Propulsion Type BEV
PHEV
HEV
By Battery Type Li-ion Battery
Lead Acid
Others (Nickel Metal Hybrid, Sodium ion, Solid state)
By Vehicle Type Passenger Vehicles
Commercial Vehicles

The Tesla Roadster in 2008, which showcased the potential of Li-ion batteries for electric vehicles. Tesla's success spurred further investments and research in battery technology, leading to significant advancements in battery performance, cost reduction, and safety. The past decade has seen the emergence of several innovative battery technologies, including solid-state batteries, which promise even higher energy density and improved safety compared to traditional Li-ion batteries. Most of our modern world is powered by Lithium batteries or batteries having similar factors but due to covid-19 pandemic, the global Automobile industry faced a slowdown because lockdown situations in several regions which in turn restricted the production of electric vehicles. But with more people adopting social distancing norms, idea of adopting clean energy options is also spreading. That will result into greater demands and progressive growth of global electric vehicle market. Lockdown situations gave enough time regions for industries to bring more improvement and innovations into battery technology. Electric vehicle is quieter than other conventional vehicles so that they reduce noise pollution. Another important aspect is zero carbon emissions from the vehicle. This important factor is providing reduction in environmental pollution. Using electricity as the fuel of the vehicle can save us from raised prices of petrol/diesel. Electric vehicles are safer and more stable with lower center of gravity. Bulk production of batteries results into lower price for overall electric vehicle. This can be appropriate factor for consumer. Technology for the batteries is also improving which makes it affordable for larger population. Industries are emphasizing on producing new variations and technologies related to electrical. At present there are three types for electric vehicle based on their propulsion system which are BEV (battery electric vehicle), PHEV (Plug-in hybrid electric vehicle) and HEV (hybrid electric vehicle). In those segments, BEV has the largest market share globally followed by PHEV and HEV. BEV has almost 60% of market share covered and rest 40% is covered by PHEV and HEV with fluctuating figures. Passenger vehicles represent the largest segment in the electric vehicle battery market, driven by the growing consumer demand for cleaner and more efficient modes of transportation. The increasing awareness of environmental issues, coupled with stringent government regulations aimed at reducing carbon emissions, has significantly boosted the adoption of electric cars and SUVs. Many countries offer various incentives such as tax rebates, subsidies, and reduced registration fees to promote the purchase of electric vehicles, making them more attractive to consumers. Additionally, advancements in battery technology have led to improvements in driving range, charging times, and overall vehicle performance, further accelerating market growth. Automakers are investing heavily in the development and production of new electric vehicle models, which are often marketed as premium, high-tech alternatives to traditional internal combustion engine (ICE) vehicles. The commercial vehicle segment, which includes buses, trucks, and delivery vans, is also witnessing significant growth in the demand for electric vehicle batteries. This segment is primarily driven by the increasing need for sustainable and cost-effective solutions in the logistics and public transportation sectors. Companies are increasingly investing in electric delivery vehicles to reduce operational costs and improve their environmental footprint. For instance, logistics giants like Amazon and UPS are expanding their electric vehicle fleets to achieve their sustainability goals. Furthermore, governments are implementing policies and providing incentives to encourage the adoption of electric buses in public transportation systems, aiming to reduce urban air pollution and improve public health.

Electric Vehicle Battery Market Regional Insights

The Asia-Pacific (APAC) region is leading the global electric vehicle (EV) battery market due to several factors, including high demand for EVs, supportive government policies, and rapid technological advancements. The demand for EV batteries in APAC is driven by the increasing adoption of electric vehicles, particularly in countries like China, India, and South Korea. Governments in these countries have implemented policies to promote the use of clean energy vehicles, such as subsidies and tax incentives, which have significantly boosted the EV market. Additionally, the growing awareness of environmental issues and the need to reduce carbon emissions have encouraged consumers to switch to electric vehicles. Companies like China's CATL are at the forefront of this innovation, introducing next-generation batteries with higher energy density, which allows for longer driving ranges and faster charging times. Another notable feature is the increasing use of lithium-ion batteries, which dominate the market due to their efficiency and reliability. The APAC region is also investing heavily in battery manufacturing infrastructure, with countries like China and South Korea leading the way in production capacity and technological advancements. Major Companies present in the market Contemporary Amperex Technology Co. Limited, LG Chem Limited, Panasonic Corporation, BYD Company Limited, Samsung SDI Co. Limited, SK Innovation Co Limited, East Penn Manufacturing Company, Clarios (US) Formally Know Johnson controls inc, GS Yuasa International Limited, Mitsubishi Corporation Considered in this report • Geography: Global • Base year: 2024 • Estimated year: 2025 • Forecast year: 2030 Aspects covered in this report • Global electric vehicle battery market with its value and forecast along with its segments • Region-wise electric vehicle battery market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Regions covered in the report • North America • Europe • Asia-Pacific • Latin America • Middle-East & Africa Types of batteries in the report • Lithium-Ion battery • Lead Acid battery • Others (Nickel Metal Hybrid battery, Sodium Ion battery and Solid state) By Propulsion Type in the report: • Battery Electric Vehicle • Plug-In Hybrid Electric Vehicle • Hybrid Electric Vehicle Type of Vehicle in the report: • Passenger Vehicle • Commercial Vehicle The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to EV battery industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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Companies Mentioned

  • Panasonic Corporation
  • BYD Company Limited
  • Contemporary Amperex Technology Corporation Limited
  • GS Yuasa International Limited
  • LG Chem Limited
  • Amazon Web Services
  • Samsung SDI Co. Limited
  • SK Innovation Co Limited
  • East Penn Manufacturing Company
  • Mitsubishi Corporation
  • Envision (Automotive Energy Supply Corporation)
  • A123 Systems LLC (Subsidiary Of Wanxiang Group Corporation)
  • Beijing Pride Power Battery Technology Co Limited
  • Lithium Energy Japan
  • Targray Technology International Inc
  • Altair Nanotechnologies Inc.
  • Aptiv Plc
  • Enersys (Quallion LLC)
  • Tianneng Power International Co. Limited
  • Primearth EV Energy Co. Limited
  • E-One Moli Energy Corporation
  • StoreDot Limited
  • Lithium Werks B.V
  • QuantumScape Corporation
  • Northvolt AB
  • Farasis Energy Co. Limited
  • Svolt Energy Technology Co. Limited
  • Vehicle Energy Japan Co. Ltd.
  • Narada Power Source Co. Limited

Table of Contents

  • 1. Executive Summary
  • 2. Market Dynamics
  • 2.1. Market Drivers & Opportunities
  • 2.2. Market Restraints & Challenges
  • 2.3. Market Trends
  • 2.3.1. XXXX
  • 2.3.2. XXXX
  • 2.3.3. XXXX
  • 2.3.4. XXXX
  • 2.3.5. XXXX
  • 2.4. Covid-19 Effect
  • 2.5. Supply chain Analysis
  • 2.6. Policy & Regulatory Framework
  • 2.7. Industry Experts Views
  • 3. Research Methodology
  • 3.1. Secondary Research
  • 3.2. Primary Data Collection
  • 3.3. Market Formation & Validation
  • 3.4. Report Writing, Quality Check & Delivery
  • 4. Market Structure
  • 4.1. Market Considerate
  • 4.2. Assumptions
  • 4.3. Limitations
  • 4.4. Abbreviations
  • 4.5. Sources
  • 4.6. Definitions
  • 5. Economic /Demographic Snapshot
  • 6. Global Electric Vehicle Battery Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share By Region
  • 6.3. Market Size and Forecast, By Geography
  • 6.4. Market Size and Forecast, By Propulsion Type
  • 6.5. Market Size and Forecast, By Battery Type
  • 6.6. Market Size and Forecast, By Vehicle Type
  • 7. North America Electric Vehicle Battery Market Outlook
  • 7.1. Market Size By Value
  • 7.2. Market Share By Country
  • 7.3. Market Size and Forecast, By Propulsion Type
  • 7.4. Market Size and Forecast, By Battery Type
  • 7.5. Market Size and Forecast, By Vehicle Type
  • 7.6. United States Electric Vehicle Battery Market Outlook
  • 7.6.1. Market Size By Value
  • 7.6.2. Market Size and Forecast By Propulsion Type
  • 7.6.3. Market Size and Forecast By Battery Type
  • 7.6.4. Market Size and Forecast By Vehicle Type
  • 7.7. Canada Electric Vehicle Battery Market Outlook
  • 7.7.1. Market Size By Value
  • 7.7.2. Market Size and Forecast By Propulsion Type
  • 7.7.3. Market Size and Forecast By Battery Type
  • 7.7.4. Market Size and Forecast By Vehicle Type
  • 7.8. Mexico Electric Vehicle Battery Market Outlook
  • 7.8.1. Market Size By Value
  • 7.8.2. Market Size and Forecast By Propulsion Type
  • 7.8.3. Market Size and Forecast By Battery Type
  • 7.8.4. Market Size and Forecast By Vehicle Type
  • 8. Europe Electric Vehicle Battery Market Outlook
  • 8.1. Market Size By Value
  • 8.2. Market Share By Country
  • 8.3. Market Size and Forecast, By Propulsion Type
  • 8.4. Market Size and Forecast, By Battery Type
  • 8.5. Market Size and Forecast, By Vehicle Type
  • 8.6. Germany Electric Vehicle Battery Market Outlook
  • 8.6.1. Market Size By Value
  • 8.6.2. Market Size and Forecast By Propulsion Type
  • 8.6.3. Market Size and Forecast By Battery Type
  • 8.6.4. Market Size and Forecast By Vehicle Type
  • 8.7. United Kingdom Electric Vehicle Battery Market Outlook
  • 8.7.1. Market Size By Value
  • 8.7.2. Market Size and Forecast By Propulsion Type
  • 8.7.3. Market Size and Forecast By Battery Type
  • 8.7.4. Market Size and Forecast By Vehicle Type
  • 8.8. France Electric Vehicle Battery Market Outlook
  • 8.8.1. Market Size By Value
  • 8.8.2. Market Size and Forecast By Propulsion Type
  • 8.8.3. Market Size and Forecast By Battery Type
  • 8.8.4. Market Size and Forecast By Vehicle Type
  • 8.9. Italy Electric Vehicle Battery Market Outlook
  • 8.9.1. Market Size By Value
  • 8.9.2. Market Size and Forecast By Propulsion Type
  • 8.9.3. Market Size and Forecast By Battery Type
  • 8.9.4. Market Size and Forecast By Vehicle Type
  • 8.10. Spain Electric Vehicle Battery Market Outlook
  • 8.10.1. Market Size By Value
  • 8.10.2. Market Size and Forecast By Propulsion Type
  • 8.10.3. Market Size and Forecast By Battery Type
  • 8.10.4. Market Size and Forecast By Vehicle Type
  • 8.11. Russia Electric Vehicle Battery Market Outlook
  • 8.11.1. Market Size By Value
  • 8.11.2. Market Size and Forecast By Propulsion Type
  • 8.11.3. Market Size and Forecast By Battery Type
  • 8.11.4. Market Size and Forecast By Vehicle Type
  • 9. Asia-Pacific Electric Vehicle Battery Market Outlook
  • 9.1. Market Size By Value
  • 9.2. Market Share By Country
  • 9.3. Market Size and Forecast, By Propulsion Type
  • 9.4. Market Size and Forecast, By Battery Type
  • 9.5. Market Size and Forecast, By Vehicle Type
  • 9.6. China Electric Vehicle Battery Market Outlook
  • 9.6.1. Market Size By Value
  • 9.6.2. Market Size and Forecast By Propulsion Type
  • 9.6.3. Market Size and Forecast By Battery Type
  • 9.6.4. Market Size and Forecast By Vehicle Type
  • 9.7. Japan Electric Vehicle Battery Market Outlook
  • 9.7.1. Market Size By Value
  • 9.7.2. Market Size and Forecast By Propulsion Type
  • 9.7.3. Market Size and Forecast By Battery Type
  • 9.7.4. Market Size and Forecast By Vehicle Type
  • 9.8. India Electric Vehicle Battery Market Outlook
  • 9.8.1. Market Size By Value
  • 9.8.2. Market Size and Forecast By Propulsion Type
  • 9.8.3. Market Size and Forecast By Battery Type
  • 9.8.4. Market Size and Forecast By Vehicle Type
  • 9.9. Australia Electric Vehicle Battery Market Outlook
  • 9.9.1. Market Size By Value
  • 9.9.2. Market Size and Forecast By Propulsion Type
  • 9.9.3. Market Size and Forecast By Battery Type
  • 9.9.4. Market Size and Forecast By Vehicle Type
  • 9.10. South Korea Electric Vehicle Battery Market Outlook
  • 9.10.1. Market Size By Value
  • 9.10.2. Market Size and Forecast By Propulsion Type
  • 9.10.3. Market Size and Forecast By Battery Type
  • 9.10.4. Market Size and Forecast By Vehicle Type
  • 10. South America Electric Vehicle Battery Market Outlook
  • 10.1. Market Size By Value
  • 10.2. Market Share By Country
  • 10.3. Market Size and Forecast, By Propulsion Type
  • 10.4. Market Size and Forecast, By Battery Type
  • 10.5. Market Size and Forecast, By Vehicle Type
  • 10.6. Brazil Electric Vehicle Battery Market Outlook
  • 10.6.1. Market Size By Value
  • 10.6.2. Market Size and Forecast By Propulsion Type
  • 10.6.3. Market Size and Forecast By Battery Type
  • 10.6.4. Market Size and Forecast By Vehicle Type
  • 10.7. Argentina Electric Vehicle Battery Market Outlook
  • 10.7.1. Market Size By Value
  • 10.7.2. Market Size and Forecast By Propulsion Type
  • 10.7.3. Market Size and Forecast By Battery Type
  • 10.7.4. Market Size and Forecast By Vehicle Type
  • 10.8. Columbia Electric Vehicle Battery Market Outlook
  • 10.8.1. Market Size By Value
  • 10.8.2. Market Size and Forecast By Propulsion Type
  • 10.8.3. Market Size and Forecast By Battery Type
  • 10.8.4. Market Size and Forecast By Vehicle Type
  • 11. Middle East & Africa Electric Vehicle Battery Market Outlook
  • 11.1. Market Size By Value
  • 11.2. Market Share By Country
  • 11.3. Market Size and Forecast, By Propulsion Type
  • 11.4. Market Size and Forecast, By Battery Type
  • 11.5. Market Size and Forecast, By Vehicle Type
  • 11.6. UAE Electric Vehicle Battery Market Outlook
  • 11.6.1. Market Size By Value
  • 11.6.2. Market Size and Forecast By Propulsion Type
  • 11.6.3. Market Size and Forecast By Battery Type
  • 11.6.4. Market Size and Forecast By Vehicle Type
  • 11.7. Saudi Arabia Electric Vehicle Battery Market Outlook
  • 11.7.1. Market Size By Value
  • 11.7.2. Market Size and Forecast By Propulsion Type
  • 11.7.3. Market Size and Forecast By Battery Type
  • 11.7.4. Market Size and Forecast By Vehicle Type
  • 11.8. South Africa Electric Vehicle Battery Market Outlook
  • 11.8.1. Market Size By Value
  • 11.8.2. Market Size and Forecast By Propulsion Type
  • 11.8.3. Market Size and Forecast By Battery Type
  • 11.8.4. Market Size and Forecast By Vehicle Type
  • 12. Competitive Landscape
  • 12.1. Competitive Dashboard
  • 12.2. Business Strategies Adopted by Key Players
  • 12.3. Key Players Market Share Insights and Analysis, 2022
  • 12.4. Key Players Market Positioning Matrix
  • 12.5. Porter's Five Forces
  • 12.6. Company Profile
  • 12.6.1. BYD Company Limited
  • 12.6.1.1. Company Snapshot
  • 12.6.1.2. Company Overview
  • 12.6.1.3. Financial Highlights
  • 12.6.1.4. Geographic Insights
  • 12.6.1.5. Business Segment & Performance
  • 12.6.1.6. Product Portfolio
  • 12.6.1.7. Key Executives
  • 12.6.1.8. Strategic Moves & Developments
  • 12.6.2. Panasonic Holdings Corporation
  • 12.6.3. Contemporary Amperex Technology Co., Limited
  • 12.6.4. SK Innovation Co., Ltd.
  • 12.6.5. Samsung SDI Co., Ltd.
  • 12.6.6. Sunwoda Electronic Co Ltd
  • 12.6.7. Toshiba Corporation
  • 12.6.8. GS Yuasa Corporation
  • 12.6.9. East Penn Manufacturing
  • 12.6.10. Clarios International Inc.
  • 12.6.11. C&D Technologies, Inc.
  • 12.6.12. Exide Industries
  • 12.6.13. Banner Batteries Ltd
  • 12.6.14. VARTA AG
  • 12.6.15. QuantumScape Corporation
  • 12.6.16. General Motors Company
  • 13. Strategic Recommendations
  • 14. Annexure
  • 14.1. FAQ`s
  • 14.2. Notes
  • 14.3. Related Reports
  • 15. Disclaimer

Table 1: Global Electric Vehicle Battery Market Snapshot, By Segmentation (2024 & 2030) (in USD Billion)
Table 2: Influencing Factors for Electric Vehicle Battery Market, 2024
Table 3: Top 10 Counties Economic Snapshot 2022
Table 4: Economic Snapshot of Other Prominent Countries 2022
Table 5: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 6: Global Electric Vehicle Battery Market Size and Forecast, By Geography (2019 to 2030F) (In USD Billion)
Table 7: Global Electric Vehicle Battery Market Size and Forecast, By Propulsion Type (2019 to 2030F) (In USD Billion)
Table 8: Global Electric Vehicle Battery Market Size and Forecast, By Battery Type (2019 to 2030F) (In USD Billion)
Table 9: Global Electric Vehicle Battery Market Size and Forecast, By Vehicle Type (2019 to 2030F) (In USD Billion)
Table 10: North America Electric Vehicle Battery Market Size and Forecast, By Propulsion Type (2019 to 2030F) (In USD Billion)
Table 11: North America Electric Vehicle Battery Market Size and Forecast, By Battery Type (2019 to 2030F) (In USD Billion)
Table 12: North America Electric Vehicle Battery Market Size and Forecast, By Vehicle Type (2019 to 2030F) (In USD Billion)
Table 13: United States Electric Vehicle Battery Market Size and Forecast By Propulsion Type (2019 to 2030F) (In USD Billion)
Table 14: United States Electric Vehicle Battery Market Size and Forecast By Battery Type (2019 to 2030F) (In USD Billion)
Table 15: United States Electric Vehicle Battery Market Size and Forecast By Vehicle Type (2019 to 2030F) (In USD Billion)
Table 16: Canada Electric Vehicle Battery Market Size and Forecast By Propulsion Type (2019 to 2030F) (In USD Billion)
Table 17: Canada Electric Vehicle Battery Market Size and Forecast By Battery Type (2019 to 2030F) (In USD Billion)
Table 18: Canada Electric Vehicle Battery Market Size and Forecast By Vehicle Type (2019 to 2030F) (In USD Billion)
Table 19: Mexico Electric Vehicle Battery Market Size and Forecast By Propulsion Type (2019 to 2030F) (In USD Billion)
Table 20: Mexico Electric Vehicle Battery Market Size and Forecast By Battery Type (2019 to 2030F) (In USD Billion)
Table 21: Mexico Electric Vehicle Battery Market Size and Forecast By Vehicle Type (2019 to 2030F) (In USD Billion)
Table 22: Europe Electric Vehicle Battery Market Size and Forecast, By Propulsion Type (2019 to 2030F) (In USD Billion)
Table 23: Europe Electric Vehicle Battery Market Size and Forecast, By Battery Type (2019 to 2030F) (In USD Billion)
Table 24: Europe Electric Vehicle Battery Market Size and Forecast, By Vehicle Type (2019 to 2030F) (In USD Billion)
Table 25: Germany Electric Vehicle Battery Market Size and Forecast By Propulsion Type (2019 to 2030F) (In USD Billion)
Table 26: Germany Electric Vehicle Battery Market Size and Forecast By Battery Type (2019 to 2030F) (In USD Billion)
Table 27: Germany Electric Vehicle Battery Market Size and Forecast By Vehicle Type (2019 to 2030F) (In USD Billion)
Table 28: United Kingdom Electric Vehicle Battery Market Size and Forecast By Propulsion Type (2019 to 2030F) (In USD Billion)
Table 29: United Kingdom Electric Vehicle Battery Market Size and Forecast By Battery Type (2019 to 2030F) (In USD Billion)
Table 30: United Kingdom Electric Vehicle Battery Market Size and Forecast By Vehicle Type (2019 to 2030F) (In USD Billion)
Table 31: France Electric Vehicle Battery Market Size and Forecast By Propulsion Type (2019 to 2030F) (In USD Billion)
Table 32: France Electric Vehicle Battery Market Size and Forecast By Battery Type (2019 to 2030F) (In USD Billion)
Table 33: France Electric Vehicle Battery Market Size and Forecast By Vehicle Type (2019 to 2030F) (In USD Billion)
Table 34: Italy Electric Vehicle Battery Market Size and Forecast By Propulsion Type (2019 to 2030F) (In USD Billion)
Table 35: Italy Electric Vehicle Battery Market Size and Forecast By Battery Type (2019 to 2030F) (In USD Billion)
Table 36: Italy Electric Vehicle Battery Market Size and Forecast By Vehicle Type (2019 to 2030F) (In USD Billion)
Table 37: Spain Electric Vehicle Battery Market Size and Forecast By Propulsion Type (2019 to 2030F) (In USD Billion)
Table 38: Spain Electric Vehicle Battery Market Size and Forecast By Battery Type (2019 to 2030F) (In USD Billion)
Table 39: Spain Electric Vehicle Battery Market Size and Forecast By Vehicle Type (2019 to 2030F) (In USD Billion)
Table 40: Russia Electric Vehicle Battery Market Size and Forecast By Propulsion Type (2019 to 2030F) (In USD Billion)
Table 41: Russia Electric Vehicle Battery Market Size and Forecast By Battery Type (2019 to 2030F) (In USD Billion)
Table 42: Russia Electric Vehicle Battery Market Size and Forecast By Vehicle Type (2019 to 2030F) (In USD Billion)
Table 43: Asia-Pacific Electric Vehicle Battery Market Size and Forecast, By Propulsion Type (2019 to 2030F) (In USD Billion)
Table 44: Asia-Pacific Electric Vehicle Battery Market Size and Forecast, By Battery Type (2019 to 2030F) (In USD Billion)
Table 45: Asia-Pacific Electric Vehicle Battery Market Size and Forecast, By Vehicle Type (2019 to 2030F) (In USD Billion)
Table 46: China Electric Vehicle Battery Market Size and Forecast By Propulsion Type (2019 to 2030F) (In USD Billion)
Table 47: China Electric Vehicle Battery Market Size and Forecast By Battery Type (2019 to 2030F) (In USD Billion)
Table 48: China Electric Vehicle Battery Market Size and Forecast By Vehicle Type (2019 to 2030F) (In USD Billion)
Table 49: Japan Electric Vehicle Battery Market Size and Forecast By Propulsion Type (2019 to 2030F) (In USD Billion)
Table 50: Japan Electric Vehicle Battery Market Size and Forecast By Battery Type (2019 to 2030F) (In USD Billion)
Table 51: Japan Electric Vehicle Battery Market Size and Forecast By Vehicle Type (2019 to 2030F) (In USD Billion)
Table 52: India Electric Vehicle Battery Market Size and Forecast By Propulsion Type (2019 to 2030F) (In USD Billion)
Table 53: India Electric Vehicle Battery Market Size and Forecast By Battery Type (2019 to 2030F) (In USD Billion)
Table 54: India Electric Vehicle Battery Market Size and Forecast By Vehicle Type (2019 to 2030F) (In USD Billion)
Table 55: Australia Electric Vehicle Battery Market Size and Forecast By Propulsion Type (2019 to 2030F) (In USD Billion)
Table 56: Australia Electric Vehicle Battery Market Size and Forecast By Battery Type (2019 to 2030F) (In USD Billion)
Table 57: Australia Electric Vehicle Battery Market Size and Forecast By Vehicle Type (2019 to 2030F) (In USD Billion)
Table 58: South Korea Electric Vehicle Battery Market Size and Forecast By Propulsion Type (2019 to 2030F) (In USD Billion)
Table 59: South Korea Electric Vehicle Battery Market Size and Forecast By Battery Type (2019 to 2030F) (In USD Billion)
Table 60: South Korea Electric Vehicle Battery Market Size and Forecast By Vehicle Type (2019 to 2030F) (In USD Billion)
Table 61: South America Electric Vehicle Battery Market Size and Forecast, By Propulsion Type (2019 to 2030F) (In USD Billion)
Table 62: South America Electric Vehicle Battery Market Size and Forecast, By Battery Type (2019 to 2030F) (In USD Billion)
Table 63: South America Electric Vehicle Battery Market Size and Forecast, By Vehicle Type (2019 to 2030F) (In USD Billion)
Table 64: Brazil Electric Vehicle Battery Market Size and Forecast By Propulsion Type (2019 to 2030F) (In USD Billion)
Table 65: Brazil Electric Vehicle Battery Market Size and Forecast By Battery Type (2019 to 2030F) (In USD Billion)
Table 66: Brazil Electric Vehicle Battery Market Size and Forecast By Vehicle Type (2019 to 2030F) (In USD Billion)
Table 67: Argentina Electric Vehicle Battery Market Size and Forecast By Propulsion Type (2019 to 2030F) (In USD Billion)
Table 68: Argentina Electric Vehicle Battery Market Size and Forecast By Battery Type (2019 to 2030F) (In USD Billion)
Table 69: Argentina Electric Vehicle Battery Market Size and Forecast By Vehicle Type (2019 to 2030F) (In USD Billion)
Table 70: Colombia Electric Vehicle Battery Market Size and Forecast By Propulsion Type (2019 to 2030F) (In USD Billion)
Table 71: Colombia Electric Vehicle Battery Market Size and Forecast By Battery Type (2019 to 2030F) (In USD Billion)
Table 72: Colombia Electric Vehicle Battery Market Size and Forecast By Vehicle Type (2019 to 2030F) (In USD Billion)
Table 73: Middle East & Africa Electric Vehicle Battery Market Size and Forecast, By Propulsion Type (2019 to 2030F) (In USD Billion)
Table 74: Middle East & Africa Electric Vehicle Battery Market Size and Forecast, By Battery Type (2019 to 2030F) (In USD Billion)
Table 75: Middle East & Africa Electric Vehicle Battery Market Size and Forecast, By Vehicle Type (2019 to 2030F) (In USD Billion)
Table 76: United Arab Emirates Electric Vehicle Battery Market Size and Forecast By Propulsion Type (2019 to 2030F) (In USD Billion)
Table 77: United Arab Emirates Electric Vehicle Battery Market Size and Forecast By Battery Type (2019 to 2030F) (In USD Billion)
Table 78: United Arab Emirates Electric Vehicle Battery Market Size and Forecast By Vehicle Type (2019 to 2030F) (In USD Billion)
Table 79: Saudi Arabia Electric Vehicle Battery Market Size and Forecast By Propulsion Type (2019 to 2030F) (In USD Billion)
Table 80: Saudi Arabia Electric Vehicle Battery Market Size and Forecast By Battery Type (2019 to 2030F) (In USD Billion)
Table 81: Saudi Arabia Electric Vehicle Battery Market Size and Forecast By Vehicle Type (2019 to 2030F) (In USD Billion)
Table 82: South Africa Electric Vehicle Battery Market Size and Forecast By Propulsion Type (2019 to 2030F) (In USD Billion)
Table 83: South Africa Electric Vehicle Battery Market Size and Forecast By Battery Type (2019 to 2030F) (In USD Billion)
Table 84: South Africa Electric Vehicle Battery Market Size and Forecast By Vehicle Type (2019 to 2030F) (In USD Billion)

Figure 1: Global Electric Vehicle Battery Market Size (USD Billion) By Region, 2024 & 2030
Figure 2: Market attractiveness Index, By Region 2030
Figure 3: Market attractiveness Index, By Segment 2030
Figure 4: Global Electric Vehicle Battery Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 5: Global Electric Vehicle Battery Market Share By Region (2024)
Figure 6: North America Electric Vehicle Battery Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 7: North America Electric Vehicle Battery Market Share By Country (2024)
Figure 8: US Electric Vehicle Battery Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 9: Canada Electric Vehicle Battery Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 10: Mexico Electric Vehicle Battery Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 11: Europe Electric Vehicle Battery Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 12: Europe Electric Vehicle Battery Market Share By Country (2024)
Figure 13: Germany Electric Vehicle Battery Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 14: UK Electric Vehicle Battery Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 15: France Electric Vehicle Battery Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 16: Italy Electric Vehicle Battery Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 17: Spain Electric Vehicle Battery Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 18: Russia Electric Vehicle Battery Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 19: Asia-Pacific Electric Vehicle Battery Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 20: Asia-Pacific Electric Vehicle Battery Market Share By Country (2024)
Figure 21: China Electric Vehicle Battery Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 22: Japan Electric Vehicle Battery Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 23: India Electric Vehicle Battery Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 24: Australia Electric Vehicle Battery Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 25: South Korea Electric Vehicle Battery Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 26: South America Electric Vehicle Battery Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 27: South America Electric Vehicle Battery Market Share By Country (2024)
Figure 28: Brazil Electric Vehicle Battery Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 29: Argentina Electric Vehicle Battery Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 30: Columbia Electric Vehicle Battery Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 31: Middle East & Africa Electric Vehicle Battery Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 32: Middle East & Africa Electric Vehicle Battery Market Share By Country (2024)
Figure 33: UAE Electric Vehicle Battery Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 34: Saudi Arabia Electric Vehicle Battery Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 35: South Africa Electric Vehicle Battery Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 36: Competitive Dashboard of top 5 players, 2024
Figure 37: Market Share insights of key players, 2024
Figure 38: Porter's Five Forces of Global Electric Vehicle Battery Market

Electric Vehicle Battery Market Research FAQs

The environment-friendly nature of electric vehicles drives the growth of the electric vehicle battery market. The electric vehicle battery is used to power the propulsion of the electric vehicles. It is a rechargeable battery and energy efficient which is used for environment conservation.

One issue is purchase price; the other issue is total cost of ownership. As of 2015, electric cars are more expensive to initially purchase, but cheaper to run, and in at least some cases, total cost of ownership may be lower. But this is still a major factor from the consumer perspective.

Most EV batteries will last somewhere between 10-20 years before they need to be replaced depending upon the use and capacity of the battery as well as electric vehicle.

CATL (China), Panasonic (Japan), LG Chem (South Korea), BYD (China), and Samsung SDI (South Korea) are the major companies operating in the global EV battery market.

The main problems include risks of fire, and that EVs are not safe. There is the case of too much high-tech wizardry, charger compatibility, vehicle costs and financing of charging stations etc.

Important segment of electric vehicle to invest is battery electric vehicle as well as commercial sector electric vehicle as they are progressing with rapid growth rate with more innovations and adaptability.

Asia Pacific region out stands the Global electric vehicle market as China is showing higher growth rate in terms of revenue of the electric vehicle.
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Global Electric Vehicle Battery Market Outlook, 2030

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