Wed. Jun 16th, 2021

The global electric vehicle battery market is anticipated to grow at a considerable CAGR during the forecast period (2020-2026). The high cost and low range EVs are a major restrain for the higher adoption level of EVs across the globe. Therefore, there is a continuous need for innovation in battery design to make it more compact & powerful to increase the range of EVs. In line with this concept, Tesla, Inc., one of the major manufacturers of EVs has introduced its innovative tabless battery design at its Battery Day Event in September 2020.

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The new tabless battery presented by the company will come with an 80-millimeter length to provide cells with five times the energy density, six times the power, and enable a 16.0% increase in range. The tabless battery cell will overcome the drawbacks of traditional battery cells related to power loss. The company announced its plans to ramp up the manufacturing of these cells at its pilot 10-gigawatt manufacturing facility. The production of tabless battery cells is still in its development phase, however, the success of this battery design to hike the EV performance is anticipated to provide lucrative opportunities for the growth of the electric vehicle industry and so the global electric vehicle battery market.

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Market Coverage

  • The market number available for – 2019-2026-
  • Base year- 2019
  • Forecast period- 2020-2026
  • Segment Covered- By Battery Type, By Vehicle Type, By Propulsion Technology
  • Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
  • Competitive Landscape- Hitachi, Ltd., Tesla, Inc., NEC Corp., Panasonic Corp., Sony Corp.

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • How COVID-19 impacted the market?
  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global Electric Vehicle Battery Market report Segment

By Battery Type

  • NiMH
  • Li-ion
  • Others

By Vehicle Type

  • Commercial Vehicles
  • Passenger Cars
  • Two-Wheelers

By Propulsion Type

  • Battery Electric Vehicles
  • Plug-in Hybrid Electric Vehicle

Global Electric Vehicle Battery Market report Segment

North America

  • United States
  • Canada


  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • Rest of Europe


  • China
  • Japan
  • India
  • Rest of Asia-Pacific

Rest of the World

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  2. More than 120 countries are for analysis.
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By mukati