The Electric Vehicle Battery Market's Enormous Potential

e-Mobility

According to new forecasts by BIS Research, the size of the global electric vehicle battery market is set for incredible growth over the next 8 years. In 2016 it was worth $14.99 billion and by 2026 it is forecast to reach $93.94 billion - a CAGR of 20.1 percent. According to the source, "this growth is attributed to the increasing collaborations between the key component manufacturers and rising number of OEMs. In addition to this, falling battery prices and improved charging infrastructure are expected to be the key factors in the growth of the electric vehicles battery market".

Infographic: The Electric Vehicle Battery Market's Enormous Potential | Statista

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This chart shows the projected size of the global electric vehicle battery market from 2016 to 2026.

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Battery electric vehicles in use worldwide 2016-2022

Market share of electric vehicles South Korea 2014-2023

Newly registered electric vehicles Thailand 2022-2024

Monthly battery electric vehicle sales Indonesia 2023

New battery electric car sales in Japan FY 2017-2022, by type

Number of electric vehicles sold in Australia 2014-2023

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The Electric Vehicle Battery Market's Enormous Potential

e-Mobility