Global Electric Vehicle Battery Market Outlook, 2027

Global electric vehicle battery market is expected to grow with the CAGR of more than 25% by 2027. Asia Pacific is the major revenue generating region.

Featured Companies

  • 1. Panasonic Corporation
  • 2. BYD Company Limited
  • 3. Contemporary Amperex Technology Corporation Limited
  • 4. GS Yuasa International Limited
  • 5. LG Chem Limited
  • 6. Amazon Web Services
  • 7. Samsung SDI Co. Limited
  • 8. SK Innovation Co Limited
  • 9. East Penn Manufacturing Company
  • More...

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. 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 research report “Global Electric Vehicle Battery Market Outlook, 2027" published by Bonafide Research, the electric vehicle battery market is growing rapidly. 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. Global electric vehicle battery market is expected to grow with the CAGR of more than 25% by 2027. Asia Pacific is the major revenue generating region. Automation and innovation in the vehicle market is the major driving force for this industry. Europe is planning heavy investments for production and development in EV batteries. Indonesia is also preferring to make own electric vehicle batteries by 2030.

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.

According to the report, global electric vehicle battery market is segmented into different categories based on the applications and data. On the basis of region, EV battery market has five major regions which are North America, Europe, Asia Pacific, Latin America and Middle East and Africa. In which Asia Pacific region leads with high market share value. On the basis of vehicle type, EV battery market is segmented in to two different segments which are Passenger vehicle and commercial vehicle. In which Passenger vehicles leads the global electric vehicle battery market and commercial segment is improving with a slower pace. By country, China, USA, UK, Germany are some major players. China is ruling the electric vehicle battery market  with almost 28% of total market share. By company, Contemporary Amperex Technology Co Limited, LG Chem Limited, LG energy solutions, Panasonic are some top manufacturers of electric batteries. These companies are responsible for more than 50% of market share in electric battery market.

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.

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, 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, Store Dot Limited, Lithium Werks B.V, Quantum Scape Corporation, Northvolt AB, Farasis Energy Co. Limited, Svolt Energy Technology Co. Limited, Vehicle Energy Japan Co. Ltd. (Under Hitachi Automotive Systems, Limited), Narada Power Source Co. Limited

Considered in this report
• Geography: Global
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

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.

What's Inside a Bonafide Research`s industry report?

Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

Download Sample

Make this report your own

Have queries/questions regarding a report?

Take advantage of intelligence tailored to your business objective

Manmayi Raval

Manmayi Raval

Research Consultant

Don’t pay for what you don’t need. Save 30%

Customise your report by selecting specific countries or regions

Specify Scope Now
Manmayi Raval

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

  • Table of Contents
  • 1 Executive Summary
  • 2 Report Methodology
  • 3 Market Structure
  • 3.1 Market Considerate
  • 3.2 Market Definition
  • 4 Economic /Demographic Snapshot
  • 5 Global Electric Vehicle Battery Market Outlook
  • 5.1 Market Size By Value
  • 5.2 Market Share
  • 5.2.1 By Region
  • 5.2.2 By Propulsion Type
  • 5.2.3 By Battery Type
  • 5.2.4 By Vehicle Type
  • 5.2.5 By Company
  • 5.2.6 By Country
  • 6 North America Electric Vehicle Battery Market Outlook
  • 6.1 Market Size By Value
  • 6.2 Market Share
  • 6.2.1 By Country
  • 6.2.2 By Propulsion Type
  • 6.2.3 By Battery Type
  • 6.2.4 By Vehicle Type
  • 6.3 US Electric Vehicle Battery Market Outlook
  • 6.3.1 Market Size By Value
  • 6.3.2 Market Share
  • 6.3.2.1 By Battery Type
  • 6.3.2.2 By Propulsion Type
  • 6.4 Canada Electric Vehicle Battery Market Outlook
  • 6.4.1 Market Size By Value
  • 6.4.2 Market Share
  • 6.4.2.1 By Battery Type
  • 6.4.2.2 By Propulsion Type
  • 6.5 Mexico Electric Vehicle Battery Market Outlook
  • 6.5.1 Market Size By Value
  • 6.5.2 Market Share
  • 6.5.2.1 By Battery Type
  • 6.5.2.2 By Propulsion Type
  • 7 Europe Electric Vehicle Battery Market Outlook
  • 7.1 Market Size By Value
  • 7.2 Market Share
  • 7.2.1 By Country
  • 7.2.2 By Propulsion Type
  • 7.2.3 By Battery Type
  • 7.2.4 By Vehicle Type
  • 7.3 Germany Electric Vehicle Battery Market Outlook
  • 7.3.1 Market Size By Value
  • 7.3.2 Market Share
  • 7.3.2.1 By Battery Type
  • 7.3.2.2 By Propulsion Type
  • 7.4 UK Electric Vehicle Battery Market Outlook
  • 7.4.1 Market Size By Value
  • 7.4.2 Market Share
  • 7.4.2.1 By Battery Type
  • 7.4.2.2 By Propulsion Type
  • 7.5 France Electric Vehicle Battery Market Outlook
  • 7.5.1 Market Size By Value
  • 7.5.2 Market Share
  • 7.5.2.1 By Battery Type
  • 7.5.2.2 By Propulsion Type
  • 7.6 Norway Electric Vehicle Battery Market Outlook
  • 7.6.1 Market Size By Value
  • 7.6.2 Market Share
  • 7.6.2.1 By Battery Type
  • 7.6.2.2 By Propulsion Type
  • 7.7 Netherland Electric Vehicle Battery Market Outlook
  • 7.7.1 Market Size By Value
  • 7.7.2 Market Share
  • 7.7.2.1 By Battery Type
  • 7.7.2.2 By Propulsion Type
  • 7.8 Sweden Electric Vehicle Battery Market Outlook
  • 7.8.1 Market Size By Value
  • 7.8.2 Market Share
  • 7.8.2.1 By Battery Type
  • 7.8.2.2 By Propulsion Type
  • 7.9 Italy Electric Vehicle Battery Market Outlook
  • 7.9.1 Market Size By Value
  • 7.9.2 Market Share
  • 7.9.2.1 By Battery Type
  • 7.9.2.2 By Propulsion Type
  • 7.10 Spain Electric Vehicle Battery Market Outlook
  • 7.10.1 Market Size By Value
  • 7.10.2 Market Share
  • 7.10.2.1 By Battery Type
  • 7.10.2.2 By Propulsion Type
  • 8 Asia-Pacific Electric Vehicle Battery Market Outlook
  • 8.1 Market Size By Value
  • 8.2 Market Share
  • 8.2.1 By Country
  • 8.2.2 By Propulsion Type
  • 8.2.3 By Battery Type
  • 8.2.4 By Vehicle Type
  • 8.3 China Electric Vehicle Battery Market Outlook
  • 8.3.1 Market Size By Value
  • 8.3.2 Market Share
  • 8.3.2.1 By Battery Type
  • 8.3.2.2 By Propulsion Type
  • 8.4 Japan Electric Vehicle Battery Market Outlook
  • 8.4.1 Market Size By Value
  • 8.4.2 Market Share
  • 8.4.2.1 By Battery Type
  • 8.4.2.2 By Propulsion Type
  • 8.5 India Electric Vehicle Battery Market Outlook
  • 8.5.1 Market Size By Value
  • 8.5.2 Market Share
  • 8.5.2.1 By Battery Type
  • 8.5.2.2 By Propulsion Type
  • 8.6 Australia Electric Vehicle Battery Market Outlook
  • 8.6.1 Market Size By Value
  • 8.6.2 Market Share
  • 8.6.2.1 By Battery Type
  • 8.6.2.2 By Propulsion Type
  • 8.7 South Korea Electric Vehicle Battery Market Outlook
  • 8.7.1 Market Size By Value
  • 8.7.2 Market Share
  • 8.7.2.1 By Battery Type
  • 8.7.2.2 By Propulsion Type
  • 9 Latin America Electric Vehicle Battery Market Outlook
  • 9.1 Market Size By Value
  • 9.2 Market Share
  • 9.2.1 By Country
  • 9.2.2 By Propulsion Type
  • 9.2.3 By Battery Type
  • 9.2.4 By Vehicle Type
  • 9.3 Brazil Electric Vehicle Battery Market Outlook
  • 9.3.1 Market Size By Value
  • 9.3.2 Market Share
  • 9.3.2.1 By Battery Type
  • 9.3.2.2 By Propulsion Type
  • 9.4 Argentina Electric Vehicle Battery Market Outlook
  • 9.4.1 Market Size By Value
  • 9.4.2 Market Share
  • 9.4.2.1 By Battery Type
  • 9.4.2.2 By Propulsion Type
  • 9.5 Columbia Electric Vehicle Battery Market Outlook
  • 9.5.1 Market Size By Value
  • 9.5.2 Market Share
  • 9.5.2.1 By Battery Type
  • 9.5.2.2 By Propulsion Type
  • 10 Middle East & Africa Electric Vehicle Battery Market Outlook
  • 10.1 Market Size By Value
  • 10.2 Market Share
  • 10.2.1 By Country
  • 10.2.2 By Propulsion Type
  • 10.2.3 By Battery Type
  • 10.2.4 By Vehicle Type
  • 10.3 UAE Electric Vehicle Battery Market Outlook
  • 10.3.1 Market Size By Value
  • 10.3.2 Market Share
  • 10.3.2.1 By Battery Type
  • 10.3.2.2 By Propulsion Type
  • 10.4 Saudi Arabia Electric Vehicle Battery Market Outlook
  • 10.4.1 Market Size By Value
  • 10.4.2 Market Share
  • 10.4.2.1 By Battery Type
  • 10.4.2.2 By Propulsion Type
  • 10.5 South Africa Electric Vehicle Battery Market Outlook
  • 10.5.1 Market Size By Value
  • 10.5.2 Market Share
  • 10.5.2.1 By Battery Type
  • 10.5.2.2 By Propulsion Type
  • 11 Market Dynamics
  • 11.1 Key Drivers
  • 11.2 Key Challenges
  • 12 Market Trends and Developments
  • 12.1 XXXX
  • 12.2 XXXX
  • 12.3 XXXX
  • 12.4 XXXX
  • 12.5 XXXX
  • 13 Company Profiles
  • 13.1 Contemporary Amperex Technology Co., Limited
  • 13.2 LG Chem Limited
  • 13.3 Panasonic Corporation
  • 13.4 BYD Company Limited
  • 13.5 Samsung SDI Co. Limited
  • 13.6 SK Innovation Co Limited
  • 13.7 East Penn Manufacturing Company
  • 13.8 Clarios (US) Formerly Know Johnson controls inc
  • 13.9 GS Yuasa International Limited
  • 13.10 Mitsubishi Corporation
  • 13.11 Envision (Automotive Energy Supply Corporation)
  • 13.12 A123 Systems LLC (Subsidiary Of Wanxiang Group Corporation)
  • 13.13 Beijing Pride Power Battery Technology Co Limited
  • 13.14 Lithium Energy Japan
  • 13.15 Targray Technology International Inc
  • 13.16 Altair Nanotechnologies Inc.
  • 13.17 Aptiv Plc
  • 13.18 Enersys (Quallion LLC)
  • 13.19 Tianneng Power International Co. Limited
  • 13.20 Primearth EV Energy Co. Limited
  • 13.21 E-One Moli Energy Corporation
  • 13.22 StoreDot Limited
  • 13.23 Lithium Werks B.V
  • 13.24 QuantumScape Corporation
  • 13.25 Northvolt AB
  • 13.26 Farasis Energy Co. Limited
  • 13.27 Svolt Energy Technology Co. Limited
  • 13.28 Vehicle Energy Japan Co. Ltd. (Under Hitachi Automotive Systems, Limited)
  • 13.29 Narada Power Source Co. Limited
  • 14 Strategic Recommendations
  • 15 Disclaimer

List of Tables
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Electric Vehicle Battery Market Share By Region (2016, 2021 & 2027)
Table 7: Global Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 6: Global Electric Vehicle Battery Market Share By Company (2020)
Table 5: Global Electric Vehicle Battery Market Share By Country (2016, 2021 & 2027)
Table 8: North America Electric Vehicle Battery Market Share By Country (2016, 2021 & 2027)
Table 9: North America Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 10: US Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 11: Canada Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 12: Mexico Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 13: Europe Electric Vehicle Battery Market Share By Country (2016, 2021 & 2027)
Table 14: Europe Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 15: Germany Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 16: UK Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 17: France Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 18: Norway Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 19: Netherland Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 20: Sweden Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 21: Italy Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 22: Spain Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 23: Asia-Pacific Electric Vehicle Battery Market Share By Country (2016, 2021 & 2027)
Table 24: Asia-Pacific Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 25: China Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 26: Japan Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 27: India Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 28: Australia Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 29: South Korea Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 30: Latin America Electric Vehicle Battery Market Share By Country (2016, 2021 & 2027)
Table 31: Latin America Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 32: Brazil Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 33: Argentina Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 34: Columbia Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 35: Middle East & Africa Electric Vehicle Battery Market Share By Country (2016, 2021 & 2027)
Table 36: Middle East & Africa Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 37: UAE Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 38: Saudi Arabia Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 39: South Africa Electric Vehicle Battery Market Share By Battery Type (2016 - 2021 & 2022 - 2027)
Table 40: Key Facts of Contemporary Amperex Technology Co., Limited
Table 41: Key Facts of LG Chem Limited
Table 42: Key Facts of Panasonic Corporation
Table 43: Key Facts of BYD Company Limited
Table 44: Key Facts of Samsung SDI Co. Limited
Table 45: Key Facts of SK Innovation Co Limited
Table 46: Key Facts of East Penn Manufacturing Company
Table 47: Key Facts of Clarios (US) Formerly Know Johnson controls inc
Table 48: Key Facts of GS Yuasa International Limited
Table 49: Key Facts of Mitsubishi Corporation
Table 50: Key Facts of Envision (automotive energy supply corporation)
Table 51: Key Facts of A123 Systems LLC (Subsidiary Of Wanxiang Group Corporation)
Table 52: Key Facts of Beijing Pride Power Battery Technology Co Limited
Table 53: Key Facts of Lithium Energy Japan
Table 54: Key Facts of Targray Technology International Inc
Table 55: Key Facts of Altair Nanotechnologies Inc.
Table 56: Key Facts of Aptiv Plc
Table 57: Key Facts of Enersys (Quallion LLC)
Table 58: Key Facts of Tianneng Power International Co. Limited
Table 59: Key Facts of Primearth EV Energy Co. Limited
Table 60: Key Facts of E-One Moli Energy Corporation
Table 61: Key Facts of StoreDot Limited
Table 62: Key Facts of Lithium Werks B.V
Table 63: Key Facts of QuantumScape Corporation
Table 64: Key Facts of Northvolt AB
Table 65: Key Facts of Farasis Energy Co. Limited
Table 67: Key Facts of Svolt Energy Technology Co. Limited
Table 68: Key Facts of Vehicle Energy Japan Co. Ltd. (Under Hitachi Automotive Systems, Limited)
Table 69: Key Facts of Narada Power Source Co. Limited

List of Figures
Figure 1: Global Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 2: Global Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 3: Global Electric Vehicle Battery Market Share By Vehicle Type (2016, 2021 & 2027)
Figure 4: North America Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 5: North America Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 6: North America Electric Vehicle Battery Market Share By Vehicle Type (2016, 2021 & 2027)
Figure 7: US Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 8: US Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 9: Canada Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 10: Canada Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 11: Mexico Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 12: Mexico Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 13: Europe Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 14: Europe Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 15: Europe Electric Vehicle Battery Market Share By Vehicle Type (2016, 2021 & 2027)
Figure 16: Germany Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 17: Germany Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 18: UK Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 19: UK Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 20: France Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 21: France Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 22: Norway Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 23: Norway Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 24: Netherland Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 25: Netherland Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 26: Sweden Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 27: Sweden Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 28: Italy Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 29: Italy Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 30: Spain Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 31: Spain Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 32: Asia-Pacific Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 33: Asia-Pacific Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 34: Asia-Pacific Electric Vehicle Battery Market Share By Vehicle Type (2016, 2021 & 2027)
Figure 35: China Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 36: China Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 37: Japan Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 38: Japan Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 39: India Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 40: India Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 41: Australia Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 42: Australia Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 43: South Korea Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 44: South Korea Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 45: Latin America Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 46: Latin America Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 47: Latin America Electric Vehicle Battery Market Share By Vehicle Type (2016, 2021 & 2027)
Figure 48: Brzail Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 49: Brazil Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 50: Argentina Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 51: Argentina Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 52: Columbia Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 53: Columbia Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 54: Middle East & Africa Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 55: Middle East & Africa Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 56: Middle East & Africa Electric Vehicle Battery Market Share By Vehicle Type (2016, 2021 & 2027)
Figure 57: UAE Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 58: UAE Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 59: Saudi Arabia Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 60: Saudi Arabia Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 61: South Africa Electric Vehicle Battery Market Size By Value 2016 to 2027 (In USD Million)
Figure 62: South Africa Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021 & 2027)
Figure 63: Market Attractiveness Index, 2021
Figure 64: Market Attractiveness Index, 2027

Feed Phosphate 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.
Logo

Global Electric Vehicle Battery Market Outlook, 2027

Contact usWe are friendly and approachable, give us a call.