Press release
Electric Vehicle Battery Market is Driven by the Increasing Cost-Competitiveness of Electric Vehicles Compared to Gasoline-Powered Vehicles
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An EV battery is a type of battery that is used to power electric vehicles. EV batteries are typically made of lithium-ion. Lithium-ion batteries are able to store a large amount of energy, making them ideal for electric vehicles. EV batteries typically have a lifespan of around 10 years, but this can vary depending on how often the vehicle is used.
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Market Segments
By Battery Type
Lead-acid Battery
Lithium-ion Battery
Other
By Vehicle Type
Battery Electric Vehicle (BEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Hybrid Electric Vehicle (HEV)
Key Players
Panasonic
BYD
LG Chem
Samsung SDI
Hitachi Chemical
Toshiba
NEC
GS Yuasa
A123 Systems
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Key Drivers
The key drivers of the EV battery market are the government regulations, the falling prices of batteries, and the increasing range of electric vehicles.
The government regulations are the most important driver of the EV battery market. The regulations are designed to encourage the adoption of electric vehicles and to reduce the emissions from transportation. The regulations require that a certain percentage of the vehicles sold in a country must be electric vehicles. This has led to a large increase in the demand for EV batteries.
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