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US Electric Vehicle Battery Market Trends, Growth, Industry Analysis, Share and Forecast 2025

03-17-2020 12:01 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

US Electric Vehicle Battery Market

US Electric Vehicle Battery Market

The US electric vehicle battery market is estimated to grow at a CAGR of over 11.0% during the forecast period. The increasing adoption of the electric vehicle in the US owing to the growing demand for the zero-emission vehicles coupled with the cohesive government subsidies for the purchase of electric vehicles is the key aspect to promote the growth electric vehicle battery market in the US. For instance, the US federal government had initiated a tax credit for plug-in electric vehicles purchased after December 2009. The tax credit ranges from $2,500 to $7,500 for each vehicle based on its battery capacity and gross vehicle weight rating. The ongoing technological advancement by the key players in the market to reduce the weight and size of the batteries is anticipated to offer considerable growth opportunities for the market in the US.

Get Sample Copy of US Electric Vehicle Battery Market at: https://www.omrglobal.com/request-sample/us-electric-vehicle-battery-market

The key players operating in the market include Panasonic Corp., Hankook AtlasBX Co., Ltd., EnerSys, Inc., Crown Battery, Hitachi, Ltd., C&D Technologies, Inc., NEC Corp., and SK Innovation Co. Ltd.

The market is segmented on the basis of battery type vehicle type, and propulsion technology. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Based on the battery type Li-ion batteries market is anticipated to showcase considerable growth due to its light-weight characteristic. Based on vehicle type, the market is sub-segmented into commercial vehicles, passenger cars, and two-wheeler. Based on propulsion technology the market is sub-segmented into battery electric vehicle, plug-in hybrid electric vehicle. Based on the propulsion type, plug-in hybrid vehicles are anticipated to have considerable market growth during the forecast period.

For More Information, get A full report of US Electric Vehicle Battery Market is available at: https://www.omrglobal.com/industry-reports/us-electric-vehicle-battery-market

In January 2020, SK Innovation Co. Ltd revealed its plan to build a second electric vehicle battery plant with a capacity equivalent to 10 GWh in Georgia, the US. The second EV battery plant is anticipated to meet the rising demand of the electric vehicle batteries for Volkswagon AG's electric vehicles, which in turn is expected to promote the growth of the electric vehicle battery market in the US.

Market Segmentation

Battery Electric Vehicle Market by Vehicle Type

o Passenger Car
o Commercial Vehicle
o Others

Battery Electric Vehicle Market by Battery Type

o NiMH
o Li-Ion
o Others

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/us-electric-vehicle-battery-market

Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 7803040404

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

For More Information, Visit https://www.omrglobal.com/

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