The global adoption of electric vehicles is anticipated to fuel the market for EV batteries significantly. Another significant element driving the increase in EV usage is the lowering cost of batteries due to technological breakthroughs and rising R&D spending. A noteworthy government initiative that is anticipated to support the expansion of the global EV battery industry is the growing public-private partnerships to build charging station infrastructure.
“The Lithium-ion Batteries in Hybrid and Electric Vehicles market ize is expected to worth around US$ 559.89 billion by 2028 and growing at a CAGR of 33% from 2022 to 2028.”
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The rising demand for electric vehicles is predicted to increase the demand for lithium-ion batteries in nations like China, India, and Japan. Because of its rising preference for renewable energy, China is one of the largest markets for electric vehicles. South Korea and China are India’s main trading partners for lithium-ion batteries, and India is one of the leading importers of batteries overall. The Asia Pacific is one of the main producers and consumers of electric vehicles, thus there is a huge need for EV batteries in this region. The Indian government is putting a lot of emphasis on making the two- and three-wheeler market electric, with the goal of having 30% of all car sales be electric by 2030.
This report explores all the key factors affecting the growth of the global market, including the demand-supply scenario, pricing structure, profit margins, and value chain analysis. The study involves the extensive usage of both primary and secondary data sources. This market report also presents the detailed profile of major industry players, their upcoming market strategies, and recent developments over the forecast period.
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Table of Content:
Chapter 1. Report Overview
Chapter 2. Global Market Growth Trends
Chapter 3. Market Share by Key Players
Chapter 4. Breakdown Data by Type and Application
Chapter 5. Market by End Users/Application
Chapter 6. Market Drivers, Challenges, and Trends
Chapter 7. Opportunity Analysis in Covid-19 Crisis
Chapter 8. Research Findings and Conclusion
And Many More…
Reason To purchase:
– Current and future global market outlook in the developed and emerging markets
– The Market segment that is expected to dominate the market as well as the segment which holds the highest CAGR in the forecast period
– Regions/Countries that are expected to witness the fastest growth rates during the forecast period
– The latest developments, market shares, and strategies that are employed by the major market players
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