The Business Research Company’s Electric Vehicle EV Batteries Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Electric Vehicle EV Batteries Global Market Report 2023 evaluates electric vehicle ev batteries market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global electric vehicle ev batteries market is expected to grow from $1,09,777.1 million in 2026 at a rate of 30.7%. The global electric vehicles batteries market size is then expected to grow at a CAGR of 22.7% from 2026 and reach $3,05,518.1 million in 2031.
The increase in in fuel prices are expected to drive the growth of the electric vehicle (EV) batteries market. Electric vehicles (EVs) are a potential low-cost alternative that may get traction in the current scenario of rising operational costs of petrol and diesel vehicles. Powered directly by the grid, EVs are increasingly proving to be operationally cheaper for their owners than petrol and diesel vehicles in terms of their total cost of ownership (TCO). The TCO comparison of a vehicle for various fuel types in the current market scenario highlights that the price of owning and operating an EV vehicle is less than its internal combustion engine (ICE) counterparts. For example, in August 2022, according to Bureau of Transportation Statistics, from January to June 2022, the price of regular motor gasoline rose 49% and the price of diesel fuel rose slightly more at 55%. Fuel prices have risen since declining in early 2020 during the economic recession and the period when many states adopted stay-at-home orders in response to COVID-19. Fuel prices declined from June to July 2022 but remain more than twice as much as their level in early 2020. Therefore, the increase in fuel prices drives the electric vehicle (EV) batteries market.
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The electric vehicle ev batteries market segments in the report are:
1) By Type: Product Digital Twin; Process Digital Twin; System Digital Twin
2) By Technology: IoT; IIoT; Blockchain; Artificial Intelligence And Machine Learning; Extended Reality And Other Technology; Big Data Analytics; 5G
3) By Application: Manufacturing; Energy and Power; Aerospace; Automotive; Transportation; Other Applications
The table of contents in TBRC’s electric vehicle ev batteries market report includes:
1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
…
19. Company Profiles
20. Key Mergers and Acquisitions
21. Opportunities And Strategies
22. Electric Vehicle (EV) Batteries Market, Conclusions And Recommendations
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