Harrisburg, NC -- (SBWire) -- 03/23/2019 --Global Electric Vehicles Battery Market Research Report 2019

A battery is used as a secondary power source in automobiles. An electric vehicle battery is a secondary (rechargeable) battery. It uses chemical energy stored in rechargeable battery packs for power and therefore does not require any combustion engine for propulsion. An electric vehicle battery or traction battery powers the propulsion of battery electric vehicles in the market.

In the recent years, consumers are more inclined toward battery electric/plug-in vehicles, because these vehicles run without fuel, such as petrol, diesel, and gasoline and have lower maintenance cost, which eventually reduces consumers' expenses. According to the statistics provided by the German Federal Motor Transport Authority, there is 61% increase in the plug-in EV (electric vehicle) sales in 2018 as compared to that in 2017. Thus, environment-friendly nature of electric vehicles drive the growth of the electric vehicle battery market.

The Global Electric Vehicles Battery market was valued at USD 1.20 billion in 2017, and is expected to reach USD 3.14 billion by 2023, registering a CAGR of 17.4%, during the forecast period of 2018-2023. 

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Top Leading Companies are: BYD,Panasonic,CATL,OptimumNano,LG Chem,GuoXuan,Lishen,PEVE,AESC,Samsung,Lithium Energy Japan,Beijing Pride Power,BAK Battery,WanXiang,Hitachi,ACCUmotive,Boston Power

In 2016, China lead the electric vehicle battery market, with 336,000 new electric cars being registered during the year. The electric car sales in China alone was more than double than the number of electric vehicles sold in the United States, where there were only 160,000 new registrations of electric vehicles. In European countries, the electric vehicle market remained concentrated within a limited number of countries. In Europe, the electric vehicle battery market was primarily lead by just six countries - Norway, the United Kingdom, France, Germany, the Netherlands, and Sweden. Across the globe, there were only ten countries that contributed significantly to the electric vehicle battery market - China, the United States, Japan, Canada, and the six leading European countries.

Contents of the 15 Chapters for This Electric Vehicles Battery Market Study:-

Chapter 1, to describe Electric Vehicles Battery Introduction, product scope, market overview, market opportunities, market risk, market driving force;

Chapter 2, to analyze the top manufacturers of Electric Vehicles Battery , with sales, revenue, and price of Electric Vehicles Battery , in 2017 and 2019;

Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2017 and 2019;

Chapter 4, to show the global market by regions, with sales, revenue and market share of Electric Vehicles Battery, for each region, from 2013 to 2019;

Chapter 5, 6, 7, 8 and 9, to analyze the key regions, with sales, revenue and market share by key countries in these regions;

Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2019;

Chapter 12, Electric Vehicles Battery market forecast, by regions, type and application, with sales and revenue, from 2019 to 2025;

Chapter 13, 14 and 15, to describe Electric Vehicles Battery sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

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Electric Vehicles Battery Market, by Type:

Lithium Ion Battery
NI-MH Battery
Other Battery

Electric Vehicles Battery Market, by End User:

HEVs
BEVs

In the current market scenario, policy support is among the major factors driving the electric vehicle battery market, as policies have been lowering the barriers for electric vehicles adaptation. Policy support enables the growth of the market studied, by making vehicles appealing to consumers, reducing risks for investors, and encouraging manufacturers willing to develop electric vehicle or EV production on a large scale. In China, policies providing strong financial incentives and exemption of taxes spurred domestic growth. Similarly, in Norway, electric cars are exempted from acquisition tax, and BEVs or battery electric vehicles are exempt from 25% value-added tax (VAT) on car purchases. These policies are among other policies that play a significant role in the market's growth.

The Chinese government has been providing both financial and non-financial incentives, to promote the adaptation of electric vehicles. Electric vehicles are exempted from acquisition and excise taxes, ranging between CNY 35,000 and CNY 60,000. Some cities in China have also been allowing total or partial waivers, from license plate availability restrictions. The robust electric vehicles sales in China can be attributed to the imposition of license plate restrictions, electric vehicles adaptation encouragement programs, and financial incentives. In the country's national plan for 2016 - 2020, under the subsidy schemes and product technology requirements for the promotion of new energy vehicles, the Chinese government announced that subsidies for EVs would be reduced by 20%, from 2017. However, despite the reduction in subsidies, the Chinese electric vehicle market witnessed a growth in 2017.

The report will make detailed analysis mainly on the development environment, Market size, development trends, operation situation and future development trends of Electric Vehicles Battery Market on the basis of current situation of the industry in 2019 so as to make full comprehension and judgment on the competitive situation of Electric Vehicles Battery Market Carrier and assist manufacturers and investment organization to better grasp the development course of Electric Vehicles Battery Market.

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Important attributes of the report:

The 360-degree Electric Vehicles Battery overview based on a global and regional level.
Market share, value, volume, and production capacity is analyzed on global, regional and country level.
A complete and useful guide for new market aspirants.
Forecast information will drive strategic, innovative and profitable business plans.
SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations.
Lastly, the research methodology and data sources are offered in this report.
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