Batteries are one of the most important components of electric vehicles (EVs). They account for the majority of the manufacturing cost. Lithium-ion batteries are mostly used in EVs because of their high energy density and charge retention capacity and low maintenance. These features make these batteries ideal for use in EVs.
Technavio’s analysts forecast the global EV li-ion battery market to grow at a CAGR of 21.5% during the period 2018-2022.
Covered in this report The report covers the present scenario and the growth prospects of the global EV li-ion battery market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global EV Li-ion Battery Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • Automotive Energy Supply Corporation • GS Yuasa International • LG Chem • Panasonic • SAMSUNG SDI
Market driver • Declining EV battery prices • For a full, detailed list, view our report
Market challenge • Lack of availability of EV charging infrastructure • For a full, detailed list, view our report
Market trend • Growing need for environmental-friendly vehicles • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2022 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
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Electric Vehicle Sales
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