PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1479978
PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1479978
While Lithium-ion Batteries Currently Dominate the E2W Industry, with Rapidly Evolving Battery Technologies, Advanced Battery Chemistries such as Sodium-ion and Solid-state Hold Potential in Cost-effectiveness and Performance
As the electric vehicle (EV) industry gathers momentum, the importance of cost, performance, safety, and durability of battery chemistry and technology also increases. Among EVs, the electric two-wheeler (E2W) space is the fastest growing worldwide, with innovations in battery chemistry for E2Ws expected to impact vehicle cost and performance, thus accelerating its adoption.
Lead acid and lithium-ion battery chemistries are the most used in E2Ws. Advanced battery chemistries like sodium-ion and solid-state are also in development and under exploration by E2W industry participants globally.
In this analysis, Frost & Sullivan explores current battery chemistries used for E2Ws, their performance characteristics, and their impact on vehicle performance; current battery trends and technologies; advanced batteries under development; and growth opportunities for EV stakeholders.
The geographic coverage is global. The study period is 2021-2030, with 2023 as the base year and 2024-2030 as the forecast period.