Electric Vehicle (EV) Batteries Global Market Report 2022 – By Battery Type (Lithium-Ion, Lead-Acid, Nickel-Metal Hydride, Sodium-Ion), By Vehicle Type (Passenger Vehicles, Commercial Vehicles), By Propulsion (Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV)) – Market Size, Trends, And Global Forecast 2022-2026

Starting Price : $4000.00 | Pages : 175 | Published : February 2022 | SKU CODE : 7459 | Delivery Time: 2-3 business days | Format :


The electric vehicles batteries market consists of sales of electric vehicles batteries. Electric vehicles batteries are used to power the electronic vehicles and are rechargeable in nature. These batteries support the clean energy initiative as they don’t emit any harmful gases which causes damage to the environment.

The main types of battery used in electric vehicles are lithium-ion, lead-acid, nickel-metal hydride, sodium-ion and others. The lithium-ion are used in electric vehicles for safer and more stable movement than liquid li-ion batteries. The electric vehicles batteries are used two types of vehicles such as passenger and commercial vehicles and available in two types of propulsion such as battery electric vehicle and plug-in hybrid electric vehicle.

The global electric vehicles batteries market size is expected grow from $23.74 billion in 2021 to $25.43 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The EV batteries market is expected to reach $33.26 billion in 2026 at a CAGR of 6.9%.

Advances in electric vehicles (EV) batteries and their associated technologies are attracting the interests of individuals to purchase EVs, contributing to the growth of the EV batteries. Recent advancements such as lithium-ion batteries, fast charging, and better mileage have helped the electric cars become more passenger-friendly. According to the United States Department of Energy, the range of average electric car have increased from 73 miles in 2011 to 400 miles in 2021. Moreover, the technological developments are contributing to reduced prices of the electronic batteries. According to the Bloomberg report, battery prices that were above USD 1,100 in 2010 have fallen by 87% to $156 per kilowatt-hour in 2019 and is likely to decline to $100 per kilowatt-hour by the end of 2023. Therefore, the advances in electronic battery and its associated technologies increase the vehicles mileage and draws more customers driving the electronic battery market.

The extraction of raw materials like lithium cobalt used in the electric vehicle battery has a harmful effect on the environment and governments impose restriction on mining the raw materials, hindering the growth of the market. The extraction process of one ton of lithium requires 50,000 gallons of water. Lithium mining has resulted in consumption of 65% water of the Salar de Atacama region, Chile, which has led to water shortages in Chile, South America along with severe toxic spills. As the demand upsurges, the mining activity also rises with increasing damage to the environment and will force the governments to enforce stringent regulation to curb the negative effects which would increase the production cost. Therefore, the harmful effect of electric vehicle batteries on the environment is expected to be a hindrance to the electric vehicle battery market over the coming years.

The charging of Electric vehicle batteries using Vehicle to grid technology is expected to gain traction in EV batteries Market. Vehicle to grid technology is a Bi-directional charging system technology in which plug-in electric vehicles like battery electric vehicles (BEV), plug-in hybrids (PHEV) or hydrogen fuel cell electric vehicles (FCEV) batteries’ can communicate with the power grid for either returning electricity to the grid, to homes during the peak times or increase their charging rate to discharge and charge the battery accordingly. For instance, in January 2021, FCA along with Engie EPS and Terna has launched the first phase of a vehicle-to-grid (V2G) pilot project in Turin, Italy, to test potential connections of the company’s vehicles to the grid. Thus, Vehicle to grid technology is anticipated to be a major trend in the electric battery market.

In May 2019, Tesla, the American based clean energy and electric vehicle company have acquired San-Diego based batteries and ultra-capacitor maker Maxwell technologies for $235.0 million. This Deal gives Tesla access to the patented technology of Maxwell - the dry cathode technology, which would allow Tesla to develop its own set of battery cells with high density and durability. Maxwell technologies are considered to be the pioneers in the area of super capacitors, their dry battery electrode technology is projected to improve the battery energy capacity by 50.0%, which in effect will double the battery life.

Major players in the electric vehicles batteries market are Panasonic Corporation, Mitsubishi Motors Corporation, Beijing Pride New Energy Battery Technology Co. Ltd, Automotive Energy Supply Corporation, BYD Company Ltd, Daimler AG, Robert Bosch GmbH, SAMSUNG SDI CO, Tianneng Power International Co. Ltd, and Johnson Controls.

Asia Pacific was the largest region in the electric vehicles batteries market in 2021. Western Europe was the second-largest region in the electric vehicles battery market. The regions covered in the EV batteries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the electric vehicles batteries market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The global electric vehicle (EV) batteries market is segmented -

1) By Battery Type: Lithium-Ion, Lead-Acid, Nickel-Metal Hydride, Sodium-Ion, Others

2) By Vehicle Type: Passenger Vehicles, Commercial Vehicles

3) By Propulsion: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV)

    Table Of Contents

    1. Executive Summary

    2. Electric Vehicle Batteries Market Characteristics

    3. Electric Vehicle Batteries Market Trends And Strategies

    4. Impact Of COVID-19 On Electric Vehicle Batteries

    5. Electric Vehicle Batteries Market Size And Growth

    5.1. Global Electric Vehicle Batteries Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Electric Vehicle Batteries Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Electric Vehicle Batteries Market Segmentation

    6.1. Global Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Lithium-Ion

    Lead-Acid

    Nickel-Metal Hydride

    Sodium-Ion

    Others

    6.2. Global Electric Vehicle Batteries Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Passenger Vehicles

    Commercial Vehicles

    6.3. Global Electric Vehicle Batteries Market, Segmentation By Propulsion, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Battery Electric Vehicle (BEV)

    Plug-In Hybrid Electric Vehicle (PHEV)

    7. Electric Vehicle Batteries Market Regional And Country Analysis

    7.1. Global Electric Vehicle Batteries Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Electric Vehicle Batteries Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific Electric Vehicle Batteries Market

    8.1. Asia-Pacific Electric Vehicle Batteries Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China Electric Vehicle Batteries Market

    9.1. China Electric Vehicle Batteries Market Overview

    9.2. China Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Electric Vehicle Batteries Market

    10.1. India Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Electric Vehicle Batteries Market

    11.1. Japan Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Electric Vehicle Batteries Market

    12.1. Australia Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Electric Vehicle Batteries Market

    13.1. Indonesia Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Electric Vehicle Batteries Market

    14.1. South Korea Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe Electric Vehicle Batteries Market

    15.1. Western Europe Electric Vehicle Batteries Market Overview

    15.2. Western Europe Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Electric Vehicle Batteries Market

    16.1. UK Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Electric Vehicle Batteries Market

    17.1. Germany Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Electric Vehicle Batteries Market

    18.3. France Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Electric Vehicle Batteries Market

    19.1. Eastern Europe Electric Vehicle Batteries Market Overview

    19.2. Eastern Europe Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Electric Vehicle Batteries Market

    20.1. Russia Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Electric Vehicle Batteries Market

    21.1. North America Electric Vehicle Batteries Market Overview

    21.2. North America Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Electric Vehicle Batteries Market

    22.1. USA Electric Vehicle Batteries Market Overview

    22.2. USA Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Electric Vehicle Batteries Market

    23.1. South America Electric Vehicle Batteries Market Overview

    23.2. South America Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Electric Vehicle Batteries Market

    24.1. Brazil Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. The Middle East Electric Vehicle Batteries Market

    25.1. The Middle East Electric Vehicle Batteries Market Overview

    25.2. The Middle East Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Electric Vehicle Batteries Market

    26.1. Africa Electric Vehicle Batteries Market Overview

    26.2. Africa Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Electric Vehicle Batteries Market Competitive Landscape And Company Profiles

    27.1. Electric Vehicle Batteries Market Competitive Landscape

    27.2. Electric Vehicle Batteries Market Company Profiles

    27.2.1. Panasonic Corporation

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Mitsubishi Motors Corporation

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Beijing Pride New Energy Battery Technology Co., Ltd

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Automotive Energy Supply Corporation

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. BYD Company Ltd

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Electric Vehicle Batteries Market

    29. Electric Vehicle Batteries Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Electric Vehicle Batteries Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Electric Vehicle Batteries Market, Segmentation By Propulsion, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Electric Vehicle Batteries Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Electric Vehicle Batteries Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Asia-Pacific, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: China, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: India, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: Japan, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: Australia, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: Indonesia, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: South Korea, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: Western Europe, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: UK, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: Germany, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: France, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: Eastern Europe, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: Russia, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: North America, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: USA, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: South America, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: Brazil, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: Middle East, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: Africa, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Panasonic Corporation Financial Performance
  • Table 28: Mitsubishi Motors Corporation Financial Performance
  • Table 29: Beijing Pride New Energy Battery Technology Co., Ltd Financial Performance
  • Table 30: Automotive Energy Supply Corporation Financial Performance
  • Table 31: BYD Company Ltd Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Figure 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Figure 3: Global Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 4: Global Electric Vehicle Batteries Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 5: Global Electric Vehicle Batteries Market, Segmentation By Propulsion, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 6: Global Electric Vehicle Batteries Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 7: Global Electric Vehicle Batteries Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 8: Asia-Pacific, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 9: China, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 10: India, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 11: Japan, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 12: Australia, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 13: Indonesia, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 14: South Korea, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 15: Western Europe, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 16: UK, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 17: Germany, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 18: France, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 19: Eastern Europe, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 20: Russia, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 21: North America, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 22: USA, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 23: South America, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 24: Brazil, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 25: Middle East, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 26: Africa, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 27: Panasonic Corporation Financial Performance
  • Figure 28: Mitsubishi Motors Corporation Financial Performance
  • Figure 29: Beijing Pride New Energy Battery Technology Co., Ltd Financial Performance
  • Figure 30: Automotive Energy Supply Corporation Financial Performance
  • Figure 31: BYD Company Ltd Financial Performance
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