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The Global EV Battery Market is anticipated to grow from USD 131.7 billion in 2023 to USD 312.8 billion in 2030 at a CAGR of 13.5 % during the forecast period from 2025 to 2030.

Many countries' government are adopting cleaner transportation options like usage of zero-emission vehicles that is ultimately increasing the EV battery market growth. As the electric vehicle market continues to develop there is growth in its battery market too. Customers give importance for the factors like extended battery life, quicker charging and expanded driving ranges. In this regard key automotive manufacturers are collaborating with battery producers to enhance their capabilities in developing high-performance electric vehicle batteries. This marklet growth in electric vehicle segment is expected to extend to residential services such as energy storage and heating, that is contributing to additional emission reductions. The declining cost of EV batteries also plays a main role in advancing the global EV battery market. However factors like elevated import taxes on EV batteries and fluctuations in raw material prices may hamper electric vehicle battery market growth.

Browse 75 market data Tables and 45 Figures spread through 205 Pages and in-depth TOC on EV Battery Market By Battery Type (Lead-Acid, Solid-State, Lithium-Ion, Sodium-Ion, Nickel-Metal Hydride and Others), By Propulsion (BEV, PHEV, HEV and FCEV), By Battery Form (Prismatic, Pouch and Cylindrical), By Vehicle Type (Light Trucks, Passenger Cars, Medium Heavy Trucks, Buses and Off-Highway Vehicles), By Material Type (Cobalt, Lithium, Natural Graphite, Iron, Manganese, Phosphate, Nickel and Others), By Li-Ion Battery (Positive Electrode, Negative Electrode, Electrolyte and Separator), By Battery Capacity (<50 kWh, 50-100 kWh, 111-200 kWh, 201-300 kWh and >300 kWh) and By Geography (North America, Europe and Asia-Pacific) - Global Forecast to 2030.

Global EV Battery Market Segmentation and Key Players

By battery type, lithium-ion dominate the global ev battery market.

The lithium-ion battery category has the largest share of the revenue due to the progression in technology and decreasing production costs.

“Asia Pacific is anticipated to register the fastest CAGR during the forecast period, i.e., 2025-2030 in the global ev battery market”

Asia Pacific dominates the EV Battery Market during the forecast period. The presence of top manufacturers in the region has assisted with the huge volume of production of electric vehicles and EV batteries.

Some of the key players in this market are LG Energy Solution, Panasonic Holdings Corporation, BYD Company Limited, SK Innovation Co. Ltd., Contemporary Amperex Technology Co. Limited, Mitsubishi Corporation, Sunwoda Electronic Co. Ltd., EnerSys, Farasis Energy (Ganzhou) Co. Ltd., Samsung SDI Co. Ltd., Gotion Inc.

Global ev battery market coverage (By Value)

• Battery Type Insight and Forecast 2025-2030
  • Lead-Acid
  • Solid-State
  • Lithium-Ion
  • Sodium-Ion
  • Nickel-Metal Hydride
  • Others
• Propulsion Insight and Forecast 2025-2030
  • BEV
  • PHEV
  • HEV
  • FCEV
• Battery Form Insight and Forecast 2025-2030
  • Prismatic
  • Pouch
  • Cylindrical
• Vehicle Type Insight and Forecast 2025-2030
  • Light Trucks
  • Passenger Cars
  • Medium Heavy Trucks
  • Buses
  • Off-Highway Vehicles
• Material Type Insight and Forecast 2025-2030
  • Cobalt
  • Lithium
  • Natural Graphite
  • Iron
  • Manganese
  • Phosphate
  • Nickel
  • Others
• Li-Ion Battery Insight and Forecast 2025-2030
  • Positive Electrode,
  • Negative Electrode
  • Electrolyte
  • Separator - Acid
• Battery Capacity Insight and Forecast 2025-2030
  • <50 kWh
  • 50-100 kWh
  • 111-200 kWh
  • 201-300 kWh
  • >300 kWh Cobalt

Global EV Battery Market by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Rest of APAC