BIS Research - Emerging Technology Market Intelligence

Lithium Ion Batteries Making Their Way in Electric Vehicles Market

Mar 26, 2018 7:22:08 AM / by BIS Research posted in Electric Vehicles Battery Market, Electric Vehicles Battery Market analysis, Electric Vehicles Battery Market trends, EV Battery Market, Automotive, Electric Vehicle Battery Cost Forecast, Electric Vehicles Battery Market forecast, Electric Vehicles Battery Market growth, Electric Vehicles Battery Market share, Global Electric Vehicles Battery Market Size, Global Electric Vehicles Battery Market, Global Electric Vehicles Battery Market report, Global Electric Vehicles Market Volume, Global EV Battery Market, Global EV Battery Market Size

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Global warming and rapidly increasing pollution level are some of the alarming environment concerns that have led the manufacturers in the automotive industry to opt for the alternative sources of energy. Batteries have been used as a secondary source of energy ever since the introduction of the first automobile.  According to the market intelligence report by BIS Research titled, ‘Global Electric Vehicles Battery Market- Analysis and Forecast (2017-2026), the market is expected to register a CAGR of approximately 20% during the forecast period. This tremendous market growth is attributed to the increasing demand for electric vehicles, stringent governmental regulations, and high energy density of batteries. Further, the electric vehicle market is driven by the changing paradigms in governmental regulations and increasing environmental awareness among the consumers.

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