Electric Vehicle Battery Market
By Vehicle Type (Battery Electric Vehicle (BEV), Fuel Cell Electric Vehicle (FCEV), Hybrid Electric Vehicle (HEV)),
By Battery Type (Lead-Acid, Lithium-Ion, Nickel Metal Hydride, Others),
By Vehicle Make (Passenger Vehicle, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)),
By Battery Capacity (Less than 100kWh, 111kWh to 300kWh, More than 300kWh),
By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa):
Global Analysis and Forecast 2023-2033
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The global electric vehicle battery market showcased a revenue of USD 37.46 billion in 2022 and is projected to witness a compounded annual growth rate (CAGR) of more than 19.43% over the forecast period of 2023-2033.
Russia-Ukraine War Impact
Market Scope
About the Market
Impact of COVID-19
Global Economic Slowdown
Market Dynamics
Driver
Restrain
Opportunity
Recent Developments
Synopsis
How is this report helpful
FAQ's
Report Coverage
Related Reports
The electric vehicle battery powers the entire electric vehicle (EV) for all its operations through an electrochemical reaction. The electrochemical reaction generates electricity by converting chemical energy into electrical, which provides the thrust necessary for the operation of motors and charging systems. The electric vehicle battery uses 18-30 parallel cells in a block sequenced inside the pack to operate the EVs. With rising levels of pollution around the globe due to carbon emissions from automobiles, the conversion of conventional transportation to low-carbon transportation is the need of the hour which will play a key role in determining the demand for the electric vehicle battery market. Electric vehicle batteries can also be used for energy storage and some other industrial purposes, such as forklifts, baggage carts, and electric boats.
National governments around the globe are introducing various incentives such as discounts, no toll tax, and tax exemption so that the adoption of electric vehicles is increased, which in turn is driving the demand for the electric vehicle battery market. With the increase in the number of electric vehicles produced globally, the major demand for electric vehicle batteries, a key component of EVs, comes from the automotive industry. The curiosity shown in the electric vehicle battery market by some major players in the automotive manufacturing industry, such as Ford, General Motors, and BMW AG, is prophesied to fuel the electric vehicle battery market growth further. For instance, in April 2021, more than $2.3 billion was invested by LG Chem and General Motors (U.S.) in a second U.S. battery cell manufacturing facility for electric vehicles which was constructed in Tennessee. This plant will sustain the production of General Motors' forthcoming Cadillac Lyriq Crossover and other upcoming EVs. Also, in April 2021, Porsche AG established a joint venture with Customers, a manufacturer of lithium-ion batteries, to create high-performance batteries. Consequently, the charging time of EV batteries will be significantly shortened. The budding consumer interest in diminishing carbon footprint, promising government policies, and enhanced electric vehicle battery technology are powering the electric vehicle battery market demand.
Asian companies are governing the market for electric vehicle batteries since nine out of the top ten producers are Asian companies despite countries such as Europe and the U.S. making efforts to dominate the market. As of 2022, the Chinese firms hold control of 56% of the global market for electric vehicle batteries, tailed by Korean and Japanese producers with 26% and 10%, respectively. Chinese companies supply Lithium-ion batteries to renowned automobile manufacturers such as Tesla, BMW, and Toyota. National governments of prominent countries are backing the purchase of electric vehicles in the form of tax credits and incentives. For instance, in February 2022, the goods and service tax (GST) was reduced by the Indian government on e-vehicles from 5% to 12% in an attempt to fast-track the adoption of EVs. In January 2021, the South Korean government levied tax breaks and subsidies worth $900 million to create and purchase electric vehicles. Government initiatives such as these will propel the market demand for electric vehicles, which in turn will create market opportunities for the electric vehicle battery market in the forecast period.
Impact of the Russia-Ukraine War on the Electric Vehicle Battery Market
The invasion of Ukraine by Russia, which sparked a humanitarian and strategic crisis in the European area, is inescapably imperiling the global supply networks for the automotive industry, specifically e-mobility. Since several manufacturers and suppliers have voluntarily ceased operations in Russia due to economic sanctions, import-export restrictions, and war-related corporate retreats, domestic and foreign companies' production of vehicles and components in both nations has almost ended. The effects of the conflict on the upstream supply chain of crucial minerals necessary for the production of batteries and semiconductors was yet another strike to the industry. The extent of the risks threatening the supply chain in the environment was exposed by the staggering news that nickel prices had reached $100,000 per ton and had triggered the London Metal Exchange (LME) to stall in March 2022. The crisis has also highlighted certain structural problems linked with the dependence and sourcing of scarce minerals such as nickel or lithium. The disturbances were waiting to happen even if the Russia-Ukraine conflict had not surfaced, clearly revealing the absence of consistency and sustainability in the way the global EV supply chain functions. If handled properly, the supply chain's volatility could protect countries' long-term e-mobility plans as well as automakers' ambitious short-term EV output goals.
Electric Vehicle Battery: Market Scope
The electric vehicle battery market is primarily divided into four segments type battery type, vehicle make, and battery capacity. Furthermore, these segments are subdivided into respective categories and cross-referenced to North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa for regional analysis. The vehicle type segment is further categorized into battery electric vehicles (BEV), fuel cell electric vehicles (FCEV), and hybrid electric vehicles (HEV). The battery type segment is segregated into lead-acid, lithium-ion, nickel metal hydride, and others. The vehicle makes segment of the electric vehicle battery market is bifurcated into passenger vehicles, light commercial vehicles (LCV), and heavy commercial vehicles (HCV). With respect to battery capacity, the industry is analyzed by less than 100kwh, 111kwh to 300kwh, and more than 300kwh. Each of these segments is further classified into regions: North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The historical dataset of 2018-2022 is provided in the report, whereas the forecast period of 2023-2033 is offered.
Battery electric vehicles (BEV) will witness the highest growth rate within the vehicle type segment
Battery electric vehicle (BEV) generates fulfilling revenue in the vehicle type segment. Since BEVs run on rechargeable battery packs, they help automakers comply with stringent fuel economy regulations. Quota systems implemented by government agencies also boost the adoption of BEVs. For instance, in September 2020, California Governor Gavin Newsom signed an executive order mandating all new passenger cars and trucks sold by 2035 to be zero-emission. The pricing of the BEVs over their lifetime is also acceptable, making them cheaper than conventional vehicles. In fact, BEVs convert 60% of electric energy from the engine to power the wheels as compared to petrol or diesel cars which only convert 17-21% of fuel energy from the engine to power the wheels. The adoption of BEVs has been increasing over the years as more and more major manufacturers occupy the market. For instance, according to International Energy Agency (IEA), there were 10 million electric vehicles on the road globally in 2020, witnessing a rise of 3 million from 2017. In terms of specific models, the Tesla Model 3 was the best-selling BEV in 2020, with over 365,000 units sold. Thus, the surge in government support for the development and purchase of BEVs, in terms of tax credits, subsidies, and incentives, is one of the major factors that propel the demand for this vehicle type segment.
The Lithium-ion segment will capture the highest market share between 2023-2033
The lithium-ion segment would be capturing a higher market share in the battery-type segment. This observation is attributed to its quick recharge capabilities and high energy density. The only technology on the market that satisfies Original Equipment Manufacturer (OEM) specifications for electric cars with enough range and quick recharge. Manufacturers are largely using lithium-ion batteries to power PHEVs and battery electric vehicles (BEVs) compared to Nickel Metal Hydride (NiMH) batteries used in initial hybrid cars. The falling price of lithium-ion batteries from $1,100/kWh in 2010 to $137/kWh in 2020, witnessing a decline of 89%, has been the most significant factor in deciding the demand for electric vehicle batteries. The costs of this battery have declined because of greater competitiveness prevailing in the market by major market participants investing in their maneuvers to surge their performance to accomplish economies of scale in manufacturing and R&D activities. Lithium-ion batteries accounted for over 90% of BEV battery capacity deployed worldwide in 2020, as per a report. Moreover, the worldwide production capacity for lithium-ion batteries for electric vehicles increased from 98 GWh in 2017 to 516 GWh in 2020. Their cost-effectiveness and optimum battery life fuel the market demand for lithium-ion batteries due to their high energy density.
The light commercial vehicle (LCV) segment will capture the highest market share in the coming years
The light commercial vehicles segment is capturing a larger market share in the vehicle make sector. This is accredited to the amplified demand for LCVs which is driven by the growth of e-commerce and last-mile delivery services. The LCVs have higher mileage and utilization rate advantage over passenger cars. In the U.S., companies such as Amazon and FedEx have begun electrifying their delivery fleets. According to the report, the LCV segment is set to account for more than 70% of electric commercial vehicle sales by 2040. In Europe, sales of LCVs are growing rapidly, with over 100,000 electric LCVs sold in 2020, up from around 20,000 in 2017. This denotes a market share of around 6%, up from just 1% in 2017. The battery capacity of LCVs is increasing rapidly, with many new models ranging over 200 miles. For instance, in 2020, the Citroen e-Dispatch van was launched, which had a range of up to 205 miles on a single charge (in the larger version). Higher utilization rates and the growth of e-commerce and last-mile delivery services are fueling the market demand for LCVs.
More than 300kWh segment within Battery Capacity to witness the highest CAGR during the forecast timeframe
The forecast timeframe has predicted proliferation in demand of more than 300kWh battery capacity segment. An increase in demand for heavy commercial vehicles (HCV) in the future, owing to a longer driving range, is expected to fuel the market demand for more than 300kWh battery capacity. For instance, in 2018, Volvo launched its first electric truck, the Volvo FL Electric, operating with a 300 kWh lithium-ion battery pack providing a range of up to 300 km (186 miles) on a single charge.
Asia-Pacific to witness the highest growth rate during the forecast period
Asian companies are governing the market for electric vehicle batteries since nine out of the top ten producers are Asian companies despite countries such as Europe and the U.S. making efforts to dominate the market. China is one of the prime markets for electric cars, and the country's budding adoption is aligned with its sustainable energy strategy. Favorable government policies, such as the energy productivity standards coupled with technological advancement, have led to the commercial and industrial (C&I) sector receiving more consideration from project developers, principally driven by strong growth in China and India, which, in turn, is expected to drive the demand for electric vehicle battery market in the region. By 2030, the Indian government is aiming to have 100% electric two- and three-wheelers on the road and 30% of all new cars sold to be electric vehicles. The cost of EVs in India has increased owing to the fact that it imports EV cells from other nations. Domestic electric vehicle battery production in India will increase, making them more competitive since the adoption of EVs in the Indian car industry is projected to surge. For instance, in February 2023, the Geological Survey of India discovered an 'inferred' reserve of 5.9 million tonnes of Lithium in Jammu & Kashmir. This discovery is likely to make India self-sufficient in the electric vehicle battery market and aid the country in becoming an emerging manufacturer.
Impact of COVID-19 on Electric Vehicle Battery Market
COVID-19 had a significant impact on the electric vehicle battery market in terms of heavy losses and dropped sales on the commercial front. This is largely accredited to the blocking of distribution channels. Government organizations purchase electric vehicles to make green public transport. The pandemic forced government agencies to spend less on public transportation and more on healthcare and other connected infrastructure. As a result, a drop in demand for electric cars was witnessed, and the majority of businesses in the supply chain for EV batteries terminated operations. Some of the collective difficulties faced by automotive companies across the globe include disruptions in the supply chain, minimal revenue generation due to low sales, incapability to operate at 100% due to social distancing norms, and absenteeism of human resources. The demand for electric vehicle batteries had been unswervingly affected by the drop in demand for automobile and transportation infrastructure.
Electric Vehicle Battery: Market Dynamics
The market dynamics section of the report covers a depth analysis of drivers, restraints, and opportunities impacting the electric vehicle battery market. The report also encompasses major market strategies practiced by the industry, followed by patent analysis, product analysis, competitive benchmarking of companies, PORTER and PESTLE analysis of the electric vehicle battery industry, pricing analysis, and geographic competitiveness to provide a detailed understanding. The major players operating in the market are A123 Systems, BYD, CATL, East Penn Manufacturing Company, EVE Energy, GS Yuasa International Ltd., Hitachi Chemical Co., Ltd., LG Chem, Panasonic Corporation, and Samsung SDI. These companies cumulatively hold the majority of the electric vehicle battery market share and actively undergoes strategic development, such as new product launch, merger, collaboration, business expansion, acquisition, and long-term contracts to ensure market penetration. These companies also largely focus on research and development to gain competitiveness in the market. A detailed analysis of these companies is offered in the report.
Driver: Reducing the cost of raw material manufacturing for electric vehicle batteries to boost market growth
The cost of EV batteries has decreased due to technological breakthroughs and mass manufacturing over the past decade. The price of EVs has dropped for the reason that batteries comprise up to 20% to 40% of the total cost of electric cars. For instance, according to Bloomberg, the price of lithium-ion batteries declined from $1,100/kWh in 2010 to $137/kWh in 2020, witnessing a deterioration of 89%. Currently, the price is as low as $100 per kWh. This is accredited to battery technology enhancements, lower battery manufacturing costs, cost-effective cathode material prices, and erudite production quantities. The cost of EV batteries is forecasted to fall to $40–60 per kWh worldwide by 2030, further diminishing the cost of EVs to levels corresponding to those of orthodox gasoline-powered cars. The adoption of electric cars will surge due to the intensifying desire for low-emission transit. In 2020, Tesla's plans were revealed, including lowering the cost of their EV batteries in the upcoming years. In order to accomplish this objective in the upcoming decade, other top electric vehicle battery producers such as Samsung SDI, Panasonic, LG Chem, SK Innovative, and CATL have been making alliances with top EV manufacturers. Thus, the market for electric vehicles is expected to expand as battery prices fall.
Restrain: Sudden upsurge in demand to pose supply chain threats
The electric vehicle market has proliferated over the years hence demand for batteries has also increased exponentially. The supply of EV batteries must match the demand, which has yet to happen in recent years. As a result, there has been a shortage of batteries, thus increasing prices which is a major barrier for consumers considering the upfront cost of EVs. The production of EV batteries is concentrated in certain regions, with a few large companies dominating the market. This increases the threat of supply chain breaking because any disruption in production in these companies can adversely affect the entire market. The supply chain in this industry, along with being concentrated, is complex as well. Many components and raw materials are scarce and subject to geopolitical risk. For instance, graphite is utilized as the anode material in lithium-ion batteries. Graphite contributes largely to the cost of making cells. China has dominated the whole supply chain of graphite for many years and produces 70% of the flake graphite, which necessitates being treated before being used in batteries, and around 50% of the synthetic graphite utilized in the batteries. Such restricted supply sources could decide the prices of EV batteries and hinder market growth due to fewer manufacturing opportunities.
Opportunity: Collaboration between market players and vertical integration to strengthen business operations
The electric vehicle battery market shows promising opportunities in the Asia-Pacific region and developing countries of other regions. Leading car original equipment manufacturers (OEMs) are forming alliances and working with battery OEMs to increase their presence in the EV battery market. Leading battery OEMs are also making investments in the creation of new battery production technologies. For instance, in April 2020, SK Innovation (South Korea) invested an extra $2.5 billion in its battery company to construct two plants at its location in Commerce, Georgia. Moreover, SK Innovations also invested $5 billion in its U.S. battery company in order to gratify expected consumer demand for EVs in the U.S. In March 2021, the Chinese automaker Zhejiang Geely Holding Group Co. spent $5 billion on the construction of a battery power facility in South China. Likewise, in November 2020, the foremost Gigafactory for lithium-ion cells in Europe was created by SVOLT Energy in Saarlouis, Germany. The business added $2.4 billion in manufacturing capability to sustain this growth. By April 2020, according to Vehicle Energy Japan, a new manufacturing line for lithium-ion battery cells and battery modules for hybrid cars was equipped in Kyoto, Japan. A total of 150,000–200,000 batteries can be fashioned in this manufacturing facility. Key alliances such as these are opening pathways for further innovations in the market.
Electric Vehicle Battery Market: Recent Developments
- In December 2021, BYD and Toyota formed a partnership to develop electric vehicles and batteries. Under the agreement, BYD and Toyota will conjointly develop sedans, low-floor SUVs, and batteries for these vehicles.
- In August 2022, Romeo Power was acquired by Nikola Corporation, a US-based manufacturer of heavy-duty commercial battery-electric vehicles, fuel-cell electric vehicles, and energy solutions, for $144 million. With this acquisition, Nikola expected substantial operational enhancements and cost savings in battery pack production.
- In January 2021, FCA and Engie EPS and Terna launched the first phase of a vehicle-to-grid (V2G) pilot project in Turin, Italy, to test potential connections of the company's vehicles to the grid.
Electric Vehicle Battery Market: Synopsis
The study of the electric vehicle battery market offers revenue and growth data sets of segments provided at the global, regional, and country levels. The report offers the historical data set of 2018-2022 and the forecast period of 2023-2033. For analysis, Quadrant Market Insights (QMI) has segregated the electric vehicle battery market into four major segments as follows:
By Vehicle Type
- Battery Electric Vehicle (BEV)
- Fuel Cell Electric Vehicle (FCEV)
- Hybrid Electric Vehicle (HEV)
By Battery Type
- Lead-Acid
- Lithium-Ion
- Nickel Metal Hydride
- Others
By Vehicle Type
- Passenger Vehicle
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
By Battery Capacity
- Less than 100kWh
- 111kWh to 300kWh
- More than 300kWh
The regional analysis of the electric vehicle (EV) battery market is as follows:
North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Russia
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Chile
Middle East & Africa
- South Africa
- UAE
- Saudi Arabia
- Israel
Key players operating in the electric vehicle battery industry are:
- A123 Systems
- BYD
- CATL
- East Penn Manufacturing Company
- EVE Energy
- GS Yuasa International Ltd.
- Hitachi Chemical Co., Ltd.
- LG Chem
- Panasonic Corporation
- Samsung SDI
electric vehicle (EV) battery Market: Who Should Purchase, and How It Will Help Readers
- The report is best suited for top-level decision-makers, individuals who are supposed to take a leadership role or require market research to start a business, independent researchers, research institutes, and anyone who wishes to gain detailed strategic insights into the electric vehicle (EV) battery market.
- This report provides a qualitative and quantitative analysis of the market segments, current trends, estimations, and dynamics of the electric vehicle (EV) battery market analysis from 2018 to 2033 to identify the prevailing market opportunities.
- Market research and information related to key drivers, restraints, and opportunities are offered.
- Porter's five forces and PESTLE analysis highlight the potency of buyers and suppliers to enable stakeholders' market profit-oriented business decisions and strengthen their supplier-buyer network.
- An in-depth analysis of the electric vehicle (EV) battery segmentation assists in determining the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional and global electric vehicle (EV) battery industry trends, key players, market segments, application areas, and market growth strategies.
- The report offers insights from primary interviews and CXOs of major industry players. It also offers a comprehensive contact and event repository to ensure future collaborations among industry stakeholders.
electric vehicle (EV) battery Market: Frequently Asked Questions (FAQ)
Q: How big is the electric vehicle (EV) battery market?
A: The global electric vehicle battery market showcased a revenue of USD 37.46 billion in 2022 and is projected to witness a compounded annual growth rate (CAGR) of more than 19.43% over the forecast period of 2023-2033.
Q: Does the report have several electric vehicle (EV) battery numbers bifurcated by segments and regions?
A: The report offers a total number of electric vehicle (EV) battery market, further bifurcated into segments and regions. Please refer to the TOC page for more information.
Q: What are the major trends in the electric vehicle (EV) battery market?
A: Proliferation in demand for electric vehicle market, increased government support and increase in purchasing power parity in developing regions, and growing awareness of zero-emission vehicles to affect market growth of electric vehicle batteries.
Q: How can I get the sample Report on the electric vehicle (EV) battery market?
A: The electric vehicle (EV) battery market report sample can be obtained on demand from the website. Also, 24*7 chat support and direct call services are provided to procure the sample report
Q: Is it possible to purchase a specific or customized report as per my needs
A: Yes, it is possible to purchase a specific part of the report or edit the scope of the report at your convenience. Feel free to drop us the mail/talk to our customer support or schedule a conversation to procure a customized report.
Report Coverage
- Vehicle Type
- Battery Type
- Vehicle Make
- Battery Capacity
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
- Reducing cost of raw material manufacturing
- Government subsidiaries and support towards manufacturing and sales of electric vehicle
- Increasing consumer interest towards electric vehicles
- Retrofitting ICvehicles
- Integration ofAI and other technologies for battery management system (BMS)
- Collaboration between market players and vertical integration to strengthen business operations
- Sudden upsurge in demand to pose supply chain threats
- Limited operational range of EV batteries and lack of recharging infrastructure
- Limited battery life and recycling disposal issues of EV batteries
A123 Systems, BYD, CATL, East Penn Manufacturing Company, EVE Energy, GS Yuasa International Ltd., Hitachi Chemical Co., Ltd., LG Chem, Panasonic Corporation, and Samsung SDI.
1. Introduction
1.1 Report Description
1.1.1 Definition
1.1.2 Abbreviations
1.2 Key Market Segments
1.3 Benefits to Stakeholders
1.4 Research Methodology
1.4.1 Market Scoping
1.4.1.1 Problem Identification
1.4.1.2 Defining the Market
1.4.2 Market Estimation
1.4.2.1 Data Mining
1.4.2.2 Product Analysis
1.4.2.3 Application Analysis
1.4.2.4 Market Engineering and Forecasting
1.4.2.4.1 Bottom-up Demand Side
1.4.2.4.2 Bottom-up Supply side
1.4.3 Market Authentication
1.4.3.1 Data Triangulation
1.4.3.1.1 Top-down Supply Side
1.4.3.1.2 Top-down Demand Side
1.4.3.1.3 Data Triangulation
1.4.3.2 Primary Insights and Industry feedback
1.4.4 Report Writing
2. Executive Summary
2.1 Market Snapshot
2.2 Macro Trends, Global Economic Factors and Import/Export Insights
2.3 Primary Insights
2.4 Vehicle Type Insights
2.5 Battery Type Insights
2.6 Vehicle Make Insights
2.7 Battery Capacity Channel Insights
2.8 Regional Insights
3. Market Overview
3.1 Market Segment and Scope
3.2 Top Investment Pockets
3.3 Key Strategic Initiatives
3.4 Electric Vehicle (EV) Battery Market Industry Ecosystem
3.5 Market Evolution
3.6 Patent Analysis
3.7 Technology Landscape
3.8 Regulatory Infrastructure
3.9 Porter’s Analysis
3.9.1 Bargaining Power of Buyer
3.9.2 Bargaining Power of Supplier
3.9.3 Threat of New Entrants
3.9.4 Threat of Substitutes
3.9.5 Industry Rivalry
3.10 PESTLE Analysis
3.11 Market Dynamics
3.11.1 Drivers
3.11.2 Restrains
3.11.3 Opportunities
3.12 Impact of COVID-19 on Electric Vehicle (EV) BatteryMarket
3.13 Russia-Ukraine War Impact on Electric Vehicle (EV) Battery Market
3.14 Growth Share Matrix
3.15 Electric Vehicle (EV) Battery Market Quadrant
4. Electric Vehicle Battery Market, By Vehicle Type
4.1 Major Impacting Factors, By Vehicle Type
4.1.1 Key Market Trends and Growth Factors
4.1.2 Market Size and Forecast, by Region, 2018-2033, (USD Billion)
4.1.3 Market Size and Forecast, by Country, 2018-2033, (USD Billion)
4.2 Battery Electric Vehicle (BEV)
4.2.1 Key Market Trends and Growth Factors
4.2.2 Market Size and Forecast, by Region, 2018-2033, (USD Billion)
4.2.3 Market Size and Forecast, by Country, 2018-2033, (USD Billion)
4.3 Fuel Cell Electric Vehicle (FCEV)
4.3.1 Key Market Trends and Growth Factors
4.3.2 Market Size and Forecast, by Region, 2018-2033, (USD Billion)
4.3.3 Market Size and Forecast, by Country, 2018-2033, (USD Billion)
4.4 Hybrid Electric Vehicle (HEV)
4.4.1 Key Market Trends and Growth Factors
4.4.2 Market Size and Forecast, by Region, 2018-2033, (USD Billion)
4.4.3 Market Size and Forecast, by Country, 2018-2033, (USD Billion)
5. Electric Vehicle Battery Market, By Battery Type
5.1 Major Impacting Factors, By Battery Type
5.1.1 Key Market Trends and Growth Factors
5.1.2 Market Size and Forecast, by Region, 2018-2033, (USD Billion)
5.1.3 Market Size and Forecast, by Country, 2018-2033, (USD Billion)
5.2 Lead-Acid
5.2.1 Key Market Trends and Growth Factors
5.2.2 Market Size and Forecast, by Region, 2018-2033, (USD Billion)
5.2.3 Market Size and Forecast, by Country, 2018-2033, (USD Billion)
5.3 Lithium-Ion
5.3.1 Key Market Trends and Growth Factors
5.3.2 Market Size and Forecast, by Region, 2018-2033, (USD Billion)
5.3.3 Market Size and Forecast, by Country, 2018-2033, (USD Billion)
5.4 Nickel Metal Hydride
5.4.1 Key Market Trends and Growth Factors
5.4.2 Market Size and Forecast, by Region, 2018-2033, (USD Billion)
5.4.3 Market Size and Forecast, by Country, 2018-2033, (USD Billion)
5.5 Others
5.5.1 Key Market Trends and Growth Factors
5.5.2 Market Size and Forecast, by Region, 2018-2033, (USD Billion)
5.5.3 Market Size and Forecast, by Country, 2018-2033, (USD Billion)
6. Electric Vehicle Battery Market, By Vehicle Make
6.1 Major Impacting Factors, By Vehicle Make
6.1.1 Key Market Trends and Growth Factors
6.1.2 Market Size and Forecast, by Region, 2018-2033, (USD Billion)
6.1.3 Market Size and Forecast, by Country, 2018-2033, (USD Billion)
6.2 Passenger Vehicle
6.2.1 Key Market Trends and Growth Factors
6.2.2 Market Size and Forecast, by Region, 2018-2033, (USD Billion)
6.2.3 Market Size and Forecast, by Country, 2018-2033, (USD Billion)
6.3 Light Commercial Vehicle (LCV)
6.3.1 Key Market Trends and Growth Factors
6.3.2 Market Size and Forecast, by Region, 2018-2033, (USD Billion)
6.3.3 Market Size and Forecast, by Country, 2018-2033, (USD Billion)
6.4 Heavy Commercial Vehicle (HCV)
6.4.1 Key Market Trends and Growth Factors
6.4.2 Market Size and Forecast, by Region, 2018-2033, (USD Billion)
6.4.3 Market Size and Forecast, by Country, 2018-2033, (USD Billion)
7. Electric Vehicle Battery Market, By Battery Capacity
7.1 Major Impacting Factors, By Battery Capacity
7.1.1 Key Market Trends and Growth Factors
7.1.2 Market Size and Forecast, by Region, 2018-2033, (USD Billion)
7.1.3 Market Size and Forecast, by Country, 2018-2033, (USD Billion)
7.2 Less than 100kWh
7.2.1 Key Market Trends and Growth Factors
7.2.2 Market Size and Forecast, by Region, 2018-2033, (USD Billion)
7.2.3 Market Size and Forecast, by Country, 2018-2033, (USD Billion)
7.3 111kWh to 300kWh
7.3.1 Key Market Trends and Growth Factors
7.3.2 Market Size and Forecast, by Region, 2018-2033, (USD Billion)
7.3.3 Market Size and Forecast, by Country, 2018-2033, (USD Billion)
7.4 More than 300kWh
7.4.1 Key Market Trends and Growth Factors
7.4.2 Market Size and Forecast, by Region, 2018-2033, (USD Billion)
7.4.3 Market Size and Forecast, by Country, 2018-2033, (USD Billion)
8. Electric Vehicle Battery Market, By Region
8.1 Global Market Trends and Growth Factors
8.2 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.3 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.4 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.5 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
8.6 Market Size and Forecast, by Region, 2018-2033, (USD Billion)
8.7 North America
8.7.1 Key Market Trends and Growth Factors
8.7.2 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.7.3 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.7.4 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.7.5 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
8.7.6 Market Size and Forecast, by Country, 2018-2033, (USD Billion)
8.7.7 U.S.
8.7.7.1 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.7.7.2 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.7.7.3 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.7.7.4 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
8.7.8 Canada
8.7.8.1 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.7.8.2 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.7.8.3 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.7.8.4 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
8.7.9 Mexico
8.7.9.1 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.7.9.2 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.7.9.3 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.7.9.4 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
8.8 Europe
8.8.1 Key Market Trends and Growth Factors
8.8.2 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.8.3 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.8.4 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.8.5 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
8.8.6 Market Size and Forecast, by Country, 2018-2033, (USD Billion)
8.8.7 UK
8.8.7.1 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.8.7.2 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.8.7.3 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.8.7.4 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
8.8.8 Germany
8.8.8.1 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.8.8.2 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.8.8.3 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.8.8.4 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
8.8.9 France
8.8.9.1 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.8.9.2 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.8.9.3 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.8.9.4 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
8.8.10 Russia
8.8.10.1 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.8.10.2 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.8.10.3 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.8.10.4 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
8.8.11 Italy
8.8.11.1 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.8.11.2 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.8.11.3 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.8.11.4 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
8.8.12 Rest of Europe
8.8.12.1 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.8.12.2 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.8.12.3 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.8.12.4 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
8.9 Asia-Pacific
8.9.1 Key Market Trends and Growth Factors
8.9.2 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.9.3 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.9.4 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.9.5 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
8.9.6 Market Size and Forecast, by Country, 2018-2033, (USD Billion)
8.9.7 China
8.9.7.1 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.9.7.2 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.9.7.3 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.9.7.4 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
8.9.8 India
8.9.8.1 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.9.8.2 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.9.8.3 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.9.8.4 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
8.9.9 Japan
8.9.9.1 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.9.9.2 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.9.9.3 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.9.9.4 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
8.9.10 Australia
8.9.10.1 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.9.10.2 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.9.10.3 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.9.10.4 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
8.9.11 Rest of Asia-Pacific
8.9.11.1 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.9.11.2 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.9.11.3 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.9.11.4 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
8.10 Latin America
8.10.1 Key Market Trends and Growth Factors
8.10.2 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.10.3 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.10.4 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.10.5 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
8.10.6 Market Size and Forecast, by Country, 2018-2033, (USD Billion)
8.10.7 Brazil
8.10.7.1 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.10.7.2 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.10.7.3 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.10.7.4 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
8.10.8 Argentina
8.10.8.1 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.10.8.2 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.10.8.3 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.10.8.4 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
8.10.9 Mexico
8.10.9.1 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.10.9.2 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.10.9.3 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.10.9.4 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
8.10.10 Chile
8.10.10.1 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.10.10.2 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.10.10.3 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.10.10.4 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
8.11 Middle East and Africa
8.11.1 Key Market Trends and Growth Factors
8.11.2 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.11.3 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.11.4 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.11.5 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
8.11.6 Market Size and Forecast, by Country, 2018-2033, (USD Billion)
8.11.7 South Africa
8.11.7.1 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.11.7.2 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.11.7.3 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.11.7.4 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
8.11.8 UAE
8.11.8.1 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.11.8.2 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.11.8.3 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.11.8.4 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
8.11.9 Saudi Arabia
8.11.9.1 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.11.9.2 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.11.9.3 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.11.9.4 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
8.11.10 Israel
8.11.10.1 Market Size and Forecast, by Vehicle Type, 2018-2033, (USD Billion)
8.11.10.2 Market Size and Forecast, by Battery Type, 2018-2033, (USD Billion)
8.11.10.3 Market Size and Forecast, by Vehicle Make, 2018-2033, (USD Billion)
8.11.10.4 Market Size and Forecast, by Battery Capacity, 2018-2033, (USD Billion)
9. Competitive Benchmarking & Company Profiles
9.1 Competitive Benchmarking
9.1.1 Company Market Share
9.1.2 Product Mapping
9.1.3 Competitive Heat map
9.2 A123 Systems
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Product Offering
9.2.4 Strategic Initiatives
9.2.5 SWOT
9.2.6 Ansoff Matrix
9.3 BYD
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Product Offering
9.3.4 Strategic Initiatives
9.3.5 SWOT
9.3.6 Ansoff Matrix
9.4 CATL
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Product Offering
9.4.4 Strategic Initiatives
9.4.5 SWOT
9.4.6 Ansoff Matrix
9.5 East Penn Manufacturing Company
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Product Offering
9.5.4 Strategic Initiatives
9.5.5 SWOT
9.5.6 Ansoff Matrix
9.6 EVE Energy
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Product Offering
9.6.4 Strategic Initiatives
9.6.5 SWOT
9.6.6 Ansoff Matrix
9.7 GS Yuasa International Ltd.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Product Offering
9.7.4 Strategic Initiatives
9.7.5 SWOT
9.7.6 Ansoff Matrix
9.8 Hitachi Chemical Co., Ltd.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Product Offering
9.8.4 Strategic Initiatives
9.8.5 SWOT
9.8.6 Ansoff Matrix
9.9 LG Chem
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Product Offering
9.9.4 Strategic Initiatives
9.9.5 SWOT
9.9.6 Ansoff Matrix
9.10 Panasonic Corporation
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Product Offering
9.10.4 Strategic Initiatives
9.10.5 SWOT
9.10.6 Ansoff Matrix
9.11 Samsung SDI
9.11.1 Company Overview
9.11.2 Financial Analysis
9.11.3 Product Offering
9.11.4 Strategic Initiatives
9.11.5 SWOT
9.11.6 Ansoff Matrix
10. Industry Connects and Upcoming Seminars
