Press release
North America's Electric Vehicle Battery Market Anticipated to Surpass $22.87 Billion by 2028"
North America Electric Vehicle Battery Industry
๐ฐ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/A11327
Development of low cost and high-performance electric vehicles batteries, rise in public charging infrastructure, and strict government policies and regulations towards vehicle emission drive the growth of the North America electric vehicle battery market. However, unstable supply of raw material and safety concerns associated with battery hinder the market growth. On the other hand, surge in demand for drones across emerging nations and rise in adoption of zero-emission electric vehicles application create new opportunities in the coming years.
๐๐๐ฌ๐๐ ๐จ๐ง ๐ฏ๐๐ก๐ข๐๐ฅ๐ ๐ญ๐ฒ๐ฉ๐, the passenger cars segment accounted for the highest share in 2020, holding more than three-fifths of the North America Electric Vehicle Battery market, and is expected to continue its leadership status throughout the forecast period. However, the heavy commercial vehicle segment is projected to witness the highest CAGR of 19.6% from 2021 to 2028.
๐ฐ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/north-america-electric-vehicle-battery-market/purchase-options
๐๐ฒ ๐ฉ๐ซ๐จ๐ฉ๐ฎ๐ฅ๐ฌ๐ข๐จ๐ง ๐ญ๐ฒ๐ฉ๐, the North America electric vehicle battery market is segregated into battery electric vehicles, hybrid electric vehicle, and Plug-in hybrid electric vehicle. The hybrid electric vehicle segment dominated the propulsion type segment in 2020, owing to the lower carbon dioxide emissions and reduction in fuel consumption on implementation of hybrid electric vehicle technologies. The battery electric vehicle segment is gaining popularity owing to presence of electric vehicle industry giants namely Tesla in the North American region. Moreover, the rise in consumer awareness and government initiatives towards reduction of carbon footprint across North America has led to growth of propulsion type segment over the years.
๐๐๐ฌ๐๐ ๐จ๐ง ๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ, the market across the US region accounted for the highest market share in terms of revenue, contributing to more than four-fifths of the total share in 2020, and is expected to maintain its dominance in terms of revenue by 2028. However, the Canada region is projected to witness the fastest CAGR of 19.7% during the forecast period. The report also studies region include Mexico.
The North America Electric Vehicle Battery market is segmented on the basis of battery type, propulsion type, vehicle type, and country. Based on propulsion type, the hybrid electric vehicles segment contributed to the highest market share in 2020, accounting for more than half of the total market share, and is projected to maintain its lead position during the forecast period. However, the battery electric vehicles segment is also expected to grow at the highest CAGR of 20.5% from 2021 to 2028.
Leading players of the North America Electric Vehicle Battery market analyzed in the research include ๐๐๐๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ ๐๐๐, ๐๐๐๐๐ฅ๐๐จ, ๐๐ฆ๐๐ซ๐ข๐๐๐ง ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ, ๐๐ฅ๐๐ซ๐ข๐จ๐ฌ, ๐๐ฆ๐๐ซ๐ฌ๐จ๐ง ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐จ., ๐๐ง๐๐ซ๐๐ฒ๐ฌ, ๐๐ง๐ฏ๐ข๐ฌ๐ข๐จ๐ง ๐๐๐๐ ๐๐ซ๐จ๐ฎ๐ฉ ๐๐ญ๐., ๐๐ฑ๐ข๐๐ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ, ๐๐ซ๐ข๐๐ญ๐๐ง๐ญ๐ข๐๐ฅ ๐๐ง๐๐ซ๐ ๐ฒ, ๐๐ง๐., ๐๐๐ ๐๐ฆ๐๐ซ๐ข๐๐, ๐๐ง๐., ๐๐๐ฅ๐๐ฆ๐ ๐๐ง๐ ๐ข๐ง๐๐๐ซ๐ข๐ง๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐ข๐ญ๐ฌ๐ฎ๐๐ข๐ฌ๐ก๐ข ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐ฆ๐ซ๐จ๐ง ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐๐ฌ ๐๐๐, ๐๐๐ง๐๐ฌ๐จ๐ง๐ข๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐๐๐๐๐-๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐๐๐๐๐, ๐๐๐๐๐๐-๐๐๐๐๐๐ ๐๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง ๐ ๐ฅ๐ฎ๐ข๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ ๐๐จ๐ง๐ง๐๐๐ญ๐จ๐ซ๐ฌ ๐๐ข๐ฏ๐ข๐ฌ๐ข๐จ๐ง, ๐๐๐๐๐๐-๐๐๐๐๐๐ ๐๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ฌ๐ญ๐ซ๐ฎ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐ข๐ฏ๐ข๐ฌ๐ข๐จ๐ง, ๐๐๐๐๐๐-๐๐๐๐๐๐ ๐๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ข๐๐ฅ๐จ ๐๐ข๐ฏ๐ข๐ฌ๐ข๐จ๐ง, ๐๐จ๐ฆ๐๐จ ๐๐จ๐ฐ๐๐ซ, ๐๐ง๐., ๐๐๐ฆ๐ฌ๐ฎ๐ง๐ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐๐ฌ ๐๐จ., ๐๐ญ๐., ๐๐ง๐ ๐๐๐ญ๐ฅ๐จ๐ฐ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ฒ.
๐ฐ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/A11327
๐๐จ๐ฏ๐ข๐-๐๐ ๐๐๐๐ง๐๐ซ๐ข๐จ:
Owing to the COVID-19 outbreak, the governments across the North American region implemented strict lockdowns to contain the spread of the virus. This led to a sudden downfall in the demand for electric vehicle batteries across the region.
Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of innovative electric vehicle battery solutions in the North American region.
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