Automotive

By  Fact.MR

November 17, 2021

Surging E-mobility Trends Expected to Widen EV Battery Sales : Fact.MR

Key takeaways from the Market study

– Global EV battery market to expand nearly 10x by 2031 – By vehicle type, demand for EV batteries across passenger cars to capture 50% of global sales – Stored electricity electric vehicle batteries to expand at over 10% CAGR

Electric Vehicle Battery Market

– Europe likely to account for over 3 out of 10 electric vehicle battery sales – Asia to emerge as the dominant market, with China accounting for 28.3% of the revenue – India to be an opportunistic market, poised to grow at a CAGR of 15% through 2031

Key Companies Profiled

– Bayerische Motoren Werke AG – Daimler AG – Ford Motor Company – General Motors – Honda Motor Company Limited – Mitsubishi Heavy Industries Ltd. – Nissan Motor Corporation Limited – Renault SA – Tesla Motors Inc. – Toyota Motor Corporation – Volkswagen AG, Toshiba Corporation