Europe Electric Vehicle Battery Market Outlook, 2027

Europe Electric vehicle battery market is expected to grow with the CAGR of more than 21% by 2027. Germany is expected to acquire more market share in Europe region.

Featured Companies

  • 1. Panasonic Corporation
  • 2. Contemporary Amperex Technology Corporation Limited
  • 3. LG Chem Limited
  • 4. Samsung SDI Co. Limited
  • 5. SK Innovation Co Limited
  • 6. A123 Systems LLC (Subsidiary Of Wanxiang Group Corporation)
  • More...

The rise in production rate for batteries and reduction in battery prices are becoming important attributes for increasing demand of electric vehicles. Increased localization of battery manufacturer facilities and potential safety issues are the major challenges faced by the EV batteries market. To preserve the manufacturing supply chains and profits; European Commission is also attempting to produce homegrown battery industry. The European industries and European Commission developed an alliance named ‘The European Battery Alliance’ in 2017. This is the central platform to support the future of battery cell production in Europe. This is a truce which is responsible for the capabilities of produced batteries. These batteries should match all the standards to be competitive, innovative and environmentally sustainable. Further, European Commission announced to spend 3.5 Billion dollars to subsidize Tesla, BMW and other companies to produce more batteries in Europe. In this region, several major battery plants (gigafactories) are planned in the next few years to meet an anticipated need in demand for EVs. Tesla and Asian firms are the major producers and developers. Several initiatives taken by European government have boosted the growth of the electric vehicle battery market. The European Commission has the primary aim of ‘Green Technology’. According to the research report “Europe Electric Vehicle Battery Market Outlook, 2027" published by Bonafide Research, the electric vehicle battery market is growing rapidly. Europe Electric vehicle battery market is expected to grow with the CAGR of more than 21% by 2027. Based on the country, Europe region is segmented into various countries such as Germany, UK, France, Norway, Netherlands, Sweden, Italy and Spain. Germany is expected to acquire more market share in Europe region. Major factors like investments and initiatives taken by German manufacturers for the development of Zero-emission technology and increasing adoption of EVs resulted into higher market share of the country. Industries present in Germany have started initiatives by investing in research and development and partnering up for new improved technology. The German government has invested 2.4 Billion dollars in research and development in July 2020. In June 2020, Volkswagen's luxury sports car unit Porsche AG called for a partnership to set a joint venture with Custom cells (Germany) to produce high-performance batteries, significantly reducing charging time.

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France is estimated to hold the second position in terms of market share. The government of France have declared a goal of reducing petrol and diesel vehicles y 2040. These initiatives drive the demand and growth of the electric vehicle battery market. These possibilities are the main factors for increasing the demand of Lithium Ion battery and enhance the electric vehicle battery market growth. Norway has become the fastest growing country in terms of electric vehicle battery market. Norway has encouraged people to adopt electric vehicles in place of conventional vehicles. In Norway, the reason of the uptake of electric vehicle is to make them cheap enough. Norway has lowered the taxes in electric vehicle segment in order to keep the prices down so that it ca be easy to buy option for the consumers. The European EV batteries market is segmented on the basis of battery type, propulsion type, vehicle type and country share. Based on the battery types, Lithium ion battery is accounted to have major market share in forecast region. Based on the effectivity and efficiency presented by the battery, it has acquired the major region in electric vehicle battery market. Based on the propulsion type, European EV battery market has segmented into three major regions which are BEV (battery electric vehicle), PHEV (plug-in electric vehicle) and HEV (hybrid electric vehicle). In Europe, battery electric vehicle is expected to have major market share in forecast years. Benefits provided by the battery electric vehicles are more effective and improved solutions for consumers. This factor is responsible to make consumers attracted towards this segment. Based on the vehicle type, this region is segmented into commercial vehicle and passenger vehicle. Passenger vehicle is responsible for major market share. Adoption for commercial segment is growing at a slower pace which is estimated to have particular amount. In first half of 2020, during the lockdowns manufacturing facilities, supply chain and consumer demands were paralyzed. The European EV batteries market was severely affected due to shutting down the production facilities and decreased demand for EV batteries. In order to deal with this situation, industries took the initiatives to boost the sales of the electric vehicles. For instance, BMW announced plans to invest $340 million in a Leipzig EV plant and $225 million in a Munich battery plant. The company has plans to introduce 12 new BEVs and 13 PHEVs in the coming years. These possibilities are the important factors for the growth of EV batteries market in Europe.

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Manmayi Raval

Manmayi Raval

Research Consultant

Major Companies present in the market Northvolt AB (Sweden), Faradion Limited (U.K.), BMZ Group (Germany), DRÄXLMAIER Group Lithium Werks B.V. (Netherlands (Germany), E4V (France), Britishvolt Limited (U.K.), Ilika plc (U.K.), and Johnson Matthey Plc (U.K.) Considered in this report • Geography: Global • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Europe electric vehicle battery market with its value and forecast along with its segments • Country-wise electric vehicle battery market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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Manmayi Raval

Countries covered in the report • Germany • UK • France • Norway • Netherland • Sweden • Italy • Spain 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.

Companies Mentioned

  • Panasonic Corporation
  • Contemporary Amperex Technology Corporation Limited
  • LG Chem Limited
  • Samsung SDI Co. Limited
  • SK Innovation Co Limited
  • A123 Systems LLC (Subsidiary Of Wanxiang Group Corporation)
  • Targray Technology International Inc
  • Aptiv Plc
  • Enersys (Quallion LLC)
  • Tianneng Power International Co. Limited
  • Northvolt AB
  • Vehicle Energy Japan Co. Ltd.

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. Europe 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. Germany 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. UK 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. France 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
  • 6.6. Norway Electric Vehicle Battery Market Outlook
  • 6.6.1. Market Size by Value
  • 6.6.2. Market Share
  • 6.6.2.1. By Battery Type
  • 6.6.2.2. By Propulsion Type
  • 6.7. Netherland Electric Vehicle Battery Market Outlook
  • 6.7.1. Market Size by Value
  • 6.7.2. Market Share
  • 6.7.2.1. By Battery Type
  • 6.7.2.2. By Propulsion Type
  • 6.8. Sweden Electric Vehicle Battery Market Outlook
  • 6.8.1. Market Size by Value
  • 6.8.2. Market Share
  • 6.8.2.1. By Battery Type
  • 6.8.2.2. By Propulsion Type
  • 6.9. Italy Electric Vehicle Battery Market Outlook
  • 6.9.1. Market Size by Value
  • 6.9.2. Market Share
  • 6.9.2.1. By Battery Type
  • 6.9.2.2. By Propulsion Type
  • 6.10. Spain Electric Vehicle Battery Market Outlook
  • 6.10.1. Market Size by Value
  • 6.10.2. Market Share
  • 6.10.2.1. By Battery Type
  • 6.10.2.2. By Propulsion Type
  • 7. Market Dynamics
  • 7.1. Key Drivers
  • 7.2. Key Challenges
  • 8. Market Trends and Developments
  • 8.1. XXXX
  • 8.2. XXXX
  • 8.3. XXXX
  • 8.4. XXXX
  • 8.5. XXXX
  • 9. Company Profiles
  • 9.1. Contemporary Amperex Technology Co.,Limited
  • 9.2. LG Chem Limited
  • 9.3. Panasonic Corporation
  • 9.4. Samsung SDI Co. Limited
  • 9.5. SK Innovation Co Limited
  • 9.6. A123 Systems LLC (Subsidiary Of Wanxiang Group Corporation)
  • 9.7. Targray Technology International Inc
  • 9.8. Aptiv Plc
  • 9.9. Enersys (Quallion LLC)
  • 9.10. Tianneng Power International Co. Limited
  • 9.11. Northvolt AB
  • 9.12. Vehicle Energy Japan Co. Ltd. (Under Hitachi Automotive Systems, Limited)
  • 10. Strategic Recommendations
  • 11. 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&2027F)
Table 5: Global Electric Vehicle Battery Market Share By Battery Type (2016,2021&2027F)
Table 6: Global Electric Vehicle Battery Market Share By Company (2020)
Table 7: Global Electric Vehicle Battery Market Share By Country (2016, 2021&2027F)
Table 8: Europe Electric Vehicle Battery Market Share By Country (2016, 2021&2027F)
Table 9: Europe Electric Vehicle Battery Market Share By Battery Type (2016,2021&2027F)
Table 10: Germany Electric Vehicle Battery Market Share By Battery Type (2016, 2021&2027F)
Table 11: UKElectric Vehicle Battery Market Share By Battery Type (2016,2021&2027F)
Table 12: FranceElectric Vehicle Battery Market Share By Battery Type (2016,2021&2027F)
Table 13: Norway Electric Vehicle Battery Market Share By Battery Type (2016, 2021&2027F)
Table 14: Netherland Electric Vehicle Battery Market Share By Battery Type (2016, 2021&2027F)
Table 15: SwedenElectric Vehicle Battery Market Share By Battery Type (2016,2021&2027F)
Table 16: ItalyElectric Vehicle Battery Market Share By Battery Type (2016,2021&2027F)
Table 17: SpainElectric Vehicle Battery Market Share By Battery Type (2016, 2021&2027F)
Table 18: Key Facts ofContemporary Amperex Technology Co., Limited
Table 19: Key Facts ofLG Chem Limited
Table 20: Key Facts ofPanasonic Corporation
Table 21: Key Facts ofSamsung SDI Co. Limited
Table 22: Key Facts ofSK Innovation Co Limited
Table 23: Key Facts of A123 Systems LLC (Subsidiary Of Wanxiang Group Corporation)
Table 24: Key Facts of Targray Technology International Inc
Table 25: Key Facts of Aptiv Plc
Table 26: Key Facts of Enersys (Quallion LLC)
Table 27: Key Facts of Tianneng Power International Co. Limited
Table 28: Key Facts of Northvolt AB
Table 29: Key Facts of Vehicle Energy Japan Co. Ltd. (Under Hitachi Automotive Systems, Limited)




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List of Figures

Figure 1: Global Electric Vehicle Battery Market Size By Value2016 to 2027F (In USD Million)
Figure 2: Global Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021&2027F)
Figure 3: Global Electric Vehicle Battery Market Share By Vehicle Type (2016, 2021&2027F)
Figure 4: Europe Electric Vehicle Battery Market Size By Value2016 to 2027F (In USD Million)
Figure 5: Europe Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021&2027F)
Figure 6: Europe Electric Vehicle Battery Market Share By Vehicle Type (2016, 2021&2027F)
Figure 7: Germany Electric Vehicle Battery Market Size By Value2016 to 2027F (In USD Million)
Figure 8: Germany Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021&2027F)
Figure 9: UK Electric Vehicle Battery Market Size By Value2016 to 2027F (In USD Million)
Figure 10: UK Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021&2027F)
Figure 11: France Electric Vehicle Battery Market Size By Value2016 to 2027F (In USD Million)
Figure 12: France Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021&2027F)
Figure 13: Norway Electric Vehicle Battery Market Size By Value2016 to 2027F (In USD Million)
Figure 14: Norway Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021&2027F)
Figure 15: Netherland Electric Vehicle Battery Market Size By Value2016 to 2027F (In USD Million)
Figure 16: Netherland Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021&2027F)
Figure 17: Sweden Electric Vehicle Battery Market Size By Value2016 to 2027F (In USD Million)
Figure 18: Sweden Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021&2027F)
Figure 19: Italy Electric Vehicle Battery Market Size By Value2016 to 2027F (In USD Million)
Figure 20: Italy Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021&2027F)
Figure 21: Spain Electric Vehicle Battery Market Size By Value2016 to 2027F (In USD Million)
Figure 22: Spain Electric Vehicle Battery Market Share By Propulsion Type (2016, 2021&2027F)
Figure 23: Market Attractiveness Index, 2021
Figure 24: Market Attractiveness Index, 2027F

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Feed Phosphate Market Research FAQs

There are mainly three kinds of electric vehicles based on the propulsion type which are BEV (battery electric vehicle), PHEV (plug-in electric vehicle) and HEV (hybrid electric vehicle). Based on the vehicle type, there are two segments of the electric vehicle which are commercial vehicle and passenger vehicle.

The electric vehicle battery market in North America is expected to grow at CAGR of more than 24.37% in value terms in forecast period.

Northvolt AB, Faradion Limited, BMZ Group are the key players in electric vehicle battery market in Europe.


Germany has the largest market share in electric vehicle market in Europe.


There are mainly three types of batteries which can be used in electric vehicle, Lithium Ion battery, Lead Acid battery and Nickel Metal Hybrid battery.

Charging depends on various factors such as vehicle type, charging equipment and power source. It also depends on the battery capacity as well as charging point efficiency.
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Europe Electric Vehicle Battery Market Outlook, 2027

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