Read the story here. Advertise at Before It's News here.
Profile image
Story Views
Last hour:
Last 24 hours:

Electric Vehicles Battery Market Size Estimation, Consumption, And Growth Opportunities Till 2028

% of readers think this story is Fact. Add your two cents.

An electric vehicle functions on electricity unlike its counterpart, which runs on fuel. Rather than internal combustion engine, these vehicles run on an electric motor which involves constant supply of energy from batteries. There are a variety of batteries used in these vehicles. Electric vehicles were principally intended to replace conventional ways of travel as they result in environmental pollution. Today, electric vehicles have gained attraction due to several technological advancements.

The electric car market is growing quickly, with more than 128,500 pure-electric cars on UK roads at the end of May 2020 – and over 315,000 plug-in models including plug-in hybrids (PHEVs). The most recent set of figures from the Society of Motor Manufacturers and Traders (SMMT) show that pure-electric models accounted for 6% of total new car registrations, whilst adding in PHEVs takes that figure up to 10%.

Electric vehicles utilize one or more than one electric motors or traction motors for propulsion. These vehicles are motorized either by a collector system through electricity from charging station deployments or can be charged by self-charging devices such as regenerative braking systems and turbochargers.

To know the scope of our report get a sample on


Technological advancements are anticipated to gain attraction together with the increasing sale of electric vehicles over the forecast period. The sustained rollout of integrated charging stations and the institution of green power-generation capability is also likely to provide supplementary stimulus to the market growth. Moreover, the tactical alliances between e-mobility providers, battery manufacturers, and energy suppliers are also projected to boost the market growth. Moreover, manufacturers are also chasing technological innovations to guarantee powerful propulsion for their electric vehicles.


The study analyses Global Electric Vehicles Battery market based on Type, Vehicle Type, Propulsion and Geography.


The various types of batteries include lead-acid, lithium-ion, nickel-metal hydride, sodium-ion, and others. However, the lithium-ion batteries are anticipated to dominate the market over the forecast period. Lithium-ion batteries are used in applications that need lighter weights and higher energy density. These batteries provide a high energy density per weight and are thus used extensively in automotive applications including electric and hybrid automobiles. Suitable availability of EV charging infrastructure remains vital for the rollout of e-mobility and bodes well for the growth of the lithium-ion battery sales.


Based on the type of vehicles, the market is classified into passenger vehicles and commercial vehicles. The passenger vehicles segment is anticipated to dominate the market over the estimated timeframe. Nevertheless, the commercial vehicles is likely to grow at a fastest CAGR over the forecast period. The need for commercial vehicles is mounting, specifically in developing nations, together with the sustained infrastructure development. However, commercial vehicles tend to be heavy-duty vehicles and their emission discharge rates are higher than those of passenger vehicles.


By propulsion, the market is classified into battery electric vehicle (BEV) and plug-in hybrid electric vehicle. The BEV segment dominated the market in 2019 and is likely to continue its dominance over the forecast period. However, the PHEV segment is projected to be growing swiftly by 2026. The BEV segment is particularly expected to gain high traction in emerging economies owing to the fuel economy regulations.


Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific region is likely to hold majority share of the market as countries such as China, India, and South Korea, have been noticing a increased electric vehicle battery demand over the past few years linked with the rising preference for electric vehicles. However, the existence of major market players such as Tesla and Ford is likely to move the market for the electric vehicles battery in Europe and North America. Furthermore, the constant development of electric cars is strengthening competition among market players to provide better and cost-effective solutions.


ATLASBX Co., Sony, Hitachi, NEC Corporation, Panasonic Corporation, TCL Corporation, Duracell, NorthStar, Crown Battery Manufacturing, East Penn Manufacturing Co., CSB Battery Company Ltd. and among others are the major players active in the Electric Vehicles Battery market.

Buy now Electric Vehicles Battery Market Report

About Us:

Axiom Market Research & Consulting™ is a full-service market research and data analytics company providing key market intelligence to global companies to take informed business decisions pertaining to their marketing strategy, investments, new product launches, market competition, consumer or end users, social media trends etc.

Axiom Market Research & Consulting™ offers market research services such as syndicated market research, custom market research, business consulting, and consumer/end user surveys. Under Business to Consumer (B2C) market research offerings, Axiom MRC assists its clients in finding quantitative information/preferences of its brands and services such as, awareness, usages, satisfaction, tracking, ethnicity etc. Axiom MRC offers data collection services through online surveys, social media, data processing and interpretation.

Axiom MRC with its experienced team of research and data analysts, has delivered more than 5000+ Market Research Projects, 3800+ Data Analytics Projects, 1200+ Business Support Projects and has a 800+ Global Client Base. Axiom Market Research & Consulting™ aims to become the preferred market research and data analytics company by providing key market intelligence solutions for client’s business growth.

Contact Us:

Axiom Market Research & Consulting™

3 Germay Dr. Ste 4 – 4666

Wilmington DE 19804

U.S.:- + 1 (845) 875-9786

U.K.:- + 44 (0) 20 3286 9707

Email: [email protected]




Follow On





Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.