Market Research Report
Market Data - EV Batteries - Lithium Ion and Other Advanced Batteries for Light Duty Passenger Vehicles and Medium and Heavy Duty Buses and Trucks: Global Market Analysis and Forecasts
|Published by||Guidehouse Insights (formerly Navigant Research)||Product code||928260|
|Published||Content info||29 Pages; 30 Tables, Charts & Figures
Delivery time: 1-2 business days
|Market Data - EV Batteries - Lithium Ion and Other Advanced Batteries for Light Duty Passenger Vehicles and Medium and Heavy Duty Buses and Trucks: Global Market Analysis and Forecasts|
|Published: March 12, 2020||Content info: 29 Pages; 30 Tables, Charts & Figures||
The EV battery (EVB) market is focused on the technology and applications of light duty (LD), medium duty (MD), and heavy duty (HD) EVs. Battery systems may use several technologies, with chemistries demonstrating varied benefits and drawbacks. Some of the more popular Lithium ion (Li-ion) technologies continue to be prominent in the market due to their cost-effectiveness and reliability. Others, such as solid state batteries, are still in their infancy and are not yet practical for commercialization but show promise in the new decade.
Challenges to the market include cost and technology limitations, which remain priority concerns for consumers and automakers. However, as EV adoption rate and manufacturing capacity increase, new innovations are emerging that are expected to drive the EVB technology market in the coming years. Advances include declining battery costs, improved safety measures for advanced battery technologies, new vehicle-to-grid (V2G) applications, and an increased focus on sustainable and responsible mineral sourcing. In this report, the EVB market is discussed primarily in the context of automotive applications, but second-life applications are also included, as they are relevant to the supply chain of EVBs and influence the production process.
This Navigant Research, a Guidehouse company, report includes forecasts for LD passenger EVs, MD and HD trucks, and MD and HD buses. Drivetrains included in this report cover battery EVs (BEVs), plug-in hybrid EVs (PHEVs), and traditional hybrid EVs (HEVs). Forecast figures include regional segmentation of the world market. The topics examined include market trends, drivers, and barriers of the EVB market; second-life applications; and market forecasts, which extend through 2030.