BIS Research - Emerging Technology Market Intelligence

What the Stakeholders Must Do to Make Electric Vehicles a Reality

Mar 25, 2019 3:49:28 AM / by BIS Research posted in Electric Vehicles Forecast, Electric Vehicles Market Share, Electric Vehicles Market Trends, EV battery, EV Battery Market, EV Battery report, EV market, Automotive, Electric Vehicles Market, EV Battery industry, Global EV Battery Market

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Written by BIS Research Analysts Ajeya Saxena

In spite of rapidly increasing adoption of electric vehicles (EVs), their competitiveness in terms of performance and pricing with internal combustion (IC) engine vehicles still seems a farfetched objective. Sluggish developments in the battery chemistry combined with the scarce supply of raw materials have been major roadblocks in the EV market establishment. Stakeholders in the EV market have already invested more than $150 billion between 2014 and 2018 to overcome the challenges faced by EVs. While automotive OEMs have been key contributors in terms of investment, government support in form of subsidies and tax incentives has played a pivotal role in ensuring EV adoption.

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Automotive Solid-State Battery Technology – The Future of Electric Vehicles

Feb 27, 2019 3:30:24 AM / by BIS Research posted in Electric Vehicle Battery market, Electric Vehicles Battery industry, Electric Vehicles Battery Market, EV Battery Market, EV Battery report, Automotive Solid State Battery Market Value, Automotive Solid State Battery(SSB) Market, Automotive, Automotive Solid State Battery Industry, Automotive Solid State Battery Market, Automotive Solid State Battery Market by Component, Automotive Solid State Battery Market Forecast, Automotive Solid State Battery Market Growth, Automotive Solid State Battery Market Size, Automotive Solid State Battery Market Trends, Automotive Solid State Battery Report, Electric Vehicle Battery industry, Electric Vehicle Battery report, Electric Vehicles Battery report, EV Battery industry, Lead Acid Battery industry, Lead Acid Battery market, Lead Acid Battery report, Nickel-Cadmium Batteries Industry, Nickel-Cadmium Batteries Market, Nickel-Cadmium Batteries Report, Solid State Battery Market by Vehicle Type, Solid State Lithium-ion Battery, SSB Market, SSB Report, Solid State Battery Market by Region, Solid-State Battery Technology, Solid State Lithium-ion Battery Industry, Solid State Lithium-ion Battery Market, Solid State Lithium-ion Battery Report, SSB Industry

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The automotive industry is undergoing a transformative shift toward the adoption of electric vehicles (EV) and is investing significantly in the research and development (R&D) of its battery technology and components. The energy density and weight of the battery are the major factors that determine the designing and manufacturing cost of an electric vehicle. The conventional lithium-ion (Li-ion) battery technology has been in existence since 2000s and has found its applications in various sectors, namely electronics & automotive industry, and energy storage systems. However, key limitations of the li-ion batteries such as high flammability, risk of leakage, high cost, and ageing have propelled the researches to develop better battery chemistries such as solid-state batteries (SSB).

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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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