Electric Vehicle Battery Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2022 - 2027
Electric Vehicle Battery Market is analysed to grow at a CAGR of 20.31% during the forecast 2022-2027 to reach $116.34 billion. An electric-vehicle battery (EVB) is also known as a traction battery that is used to power the electric motors of an electric vehicle. These batteries are usually rechargeable batteries, and are typically lithium ion battery & nickel metal hydride battery based. These batteries are specifically designed for a high ampere-hour or kilowatt-hour with a wide range of capacities. Increasing government policies and investment for the deployment of the public charging infrastructure coupled with the increasing efficiency of the electric vehicle battery management system is expected to create significant growth for the demand of electric vehicle batteries during the forecast period. Report Coverage The report: “Electric Vehicle Battery Industry Outlook – Forecast (2022-2027)”, by Industry ARC covers an in-depth analysis of the following segments...