Electric Vehicle Battery Market 2022 Size, Share, Regional Sales, Key Players, GPosted by Diya on March 22nd, 2022 Global Electric Vehicle Battery Market Size research report 2021 offers in-depth assessment of revenue growth, market definition, segmentation, industry potential, influential trends for understanding the future outlook and current prospects for the market. June 2021 – Nissan Motor Co. Ltd., announced its plan to build the UK’s first battery gigafactory, along with Envision AESC, a China-based battery technology company. Key players covered in the global Electric Vehicle Battery Market research report:
Drivers & Restraints At present, the main source of power for electric vehicles is lithium-ion batteries. According to a study published by the U.S. International Trade Commission in 2018, Li-ion batteries account for more than 70 percent of the rechargeable battery market. In addition, the battery prices per kilowatt-hour (kWh) have dropped to less than 200 USD in 2019 from around 1000 USD in 2010. Furthermore, due to the advancement of cell chemistry and battery pack manufacturing techniques, battery prices are expected to drop below 100 USD/kWh in the coming years. Therefore, a decrease in the costs of battery packs that are responsible for around 35% to 45% of electric vehicle manufacturing costs is anticipated to drive the electric vehicle battery market growth. About Us: Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in. Contact Us: Fortune Business Insights™ Pvt. Ltd. 308, Supreme Headquarters, Survey No. 36, Baner, Pune-Bangalore Highway, Pune - 411045, Maharashtra, India. Phone: US :+1 424 253 0390 UK : +44 2071 939123 APAC : +91 744 740 1245 Like it? Share it! More by this author |