BlueWeave Consulting Global Electric Vehicle Battery Market Expected to

Electric Vehicle (EV) Battery Market, By Battery Type, By Vehicle
Technology, By Vehicle Type, By Region, Size and Forecast, 2014-2025
According to a new market report published by BlueWeave Consulting, the global electric vehicle battery
market was valued at US$ 20.23 Bn in 2017 and is expected to expand at a CAGR of 19.04% from 2018 to
2025, reaching US$ 92.65 Bn by the end of the forecast period. According to the report, Asia Pacific was
the largest contributor in terms of revenue to the global electric vehicle battery market in 2017.
Increasing demand for environment friendly vehicles is driving the Electric Vehicle Market which will
consecutively propel the EV Battery Market.
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Electric vehicles provide great potential to radically reduce local air pollution, greenhouse gas emissions,
resulting climate change impacts, and oil use from the transport sector. With the steady decrease in the
price of electric vehicles, the transition seems to become more feasible. This potential is facilitated and
made compelling by the ubiquity of electricity and the emerging availability of low-carbon, renewable
energy sources. Electric Vehicles need rechargeable batteries to run for sustainable time. Electric Vehicle
batteries are generally different from SLI (starting, lighting, and ignition) batteries since they are
designed to provide power over sustainable period of time.
Diseases caused by air and water pollution are epidemic among minorities. Environmental pollution
cause more than three times death than malaria, tuberculosis, and AIDs, countries such as Indian and
China records the maximum death caused by environmental pollution. Pollution causes 7% of the
medical expenses among middle income group people across the world, in addition, according to World
Bank air pollution cost in India was approximately 8% of its GDP or USD 560 billion in 2013. Increasing
number of deaths in India and China are encouraging government and non-government organization to
spread awareness regarding environment pollution and its heath impacts. Due to which several
governments’ regulations, particularly pollution prone countries have initiated supportive policies and
programs to produce and adopt electric vehicles, which is surging the demand for global electric vehicles
battery market over the forecast span.
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Global Electric Vehicle Battery Market: Scope of the Report
The Global Electric Vehicle Battery market is segmented on the basis of battery type, vehicle technology,
and vehicle type. On the basis of battery type, the market is segmented into Lithium-ion Battery, Lead
Acid Battery, Nickel Metal Hybrid Battery, and Others. Lithium-ion Battery was the largest segment in