The North America electric vehicle battery market is set to develop with a CAGR of 17.77% over the estimated years of 2021 to 2028. The market growth of the region is reinforced by key factors such as favorable market conditions for scientific innovations, the availability of funding, the support extended by the government, and the presence of key manufacturers.

NORTH AMERICA ELECTRIC VEHICLE BATTERY MARKET FORECAST 2021-2028

North America Electric Vehicle Battery Market by Vehicle Type (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle) Market by Battery Type (Lead Acid, Nickel Metal Hydride, Lithium-ion) Market by End-user (Commercial Vehicle, Passenger Car, Other) by Geography

Request free sample

The North America electric vehicle battery market is set to develop with a CAGR of 17.77% over the estimated years of 2021 to 2028. The market growth of the region is reinforced by key factors such as favorable market conditions for scientific innovations, the availability of funding, the support extended by the government, and the presence of key manufacturers.north-america-electric-vehicle-battery-market

To learn more about this report, request a free sample copy

The North America electric vehicle battery market growth assessment includes the study of the United States and Canada. The United States is a leader in terms of implementing modern technology across the automotive industry. The country’s government agencies provide funding and incentives to adopt and develop sustainable solutions. In this regard, the Advanced Research Projects Agency-Energy (ARPA-E) established by the United States Department of Energy funds aims to create alternative solutions for minimizing the nation’s reliance on foreign energy imports, energy storage, vehicle technologies, biomass energy, as well as numerous other industries.

Conversely, the research endeavors initiated in the United States have resulted in the evolution of advanced battery technologies for supplementing the electrification of vehicles in the country. For instance, in May 2021, researchers at Harvard designed solid-state lithium batteries for electric vehicles. The battery delivers at least 10,000 times charge and discharge and cycles with elevated current density. This aspect, in turn, reduces charging time to 20 minutes and increases the lifetime of electric vehicles up to 15 years. Hence, these factors are set to fuel the market growth in North America.

Panasonic, headquartered in Japan, is involved in manufacturing, developing, and selling electronic products. To date, it solely offers lithium-ion batteries to Tesla for the electric vehicles manufactured in the United States. However, the company is expanding its electric vehicle battery consumer base beyond Tesla, as well. For instance, Panasonic partnered with Toyota to establish a lithium-ion plant in Japan to supply 500,000 electric vehicles.

To request a free sample copy of this report, please complete the form below:

We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.

    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • INCREASED SALES OF ELECTRIC VEHICLES
        • GOVERNMENTAL SUPPORT FOR ELECTRIC VEHICLE INDUSTRY
        • IMPROVEMENT IN BATTERY TECHNOLOGY
        • GROWING NUMBER OF PUBLIC CHARGING INFRASTRUCTURE
      • KEY RESTRAINTS
        • RAW MATERIAL PROCUREMENT PROBLEMS
        • HIGH CHARGING TIME
        • SAFETY CONCERNS ASSOCIATED WITH THE BATTERY
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON ELECTRIC VEHICLE BATTERY MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
        • RAW MATERIAL MINING
        • BATTERY CELL
        • BATTERY MODULE
        • BATTERY PACK
        • END-USER
        • END OF LIFE PROCESSES
      • TECHNOLOGY ANALYSIS
        • LI-ION BATTERY BASED ON VARIATION IN CATHODE MATERIAL
          • NCM (LITHIUM-COBALT-MANGANESE-OXIDE)
          • NCA (LITHIUM NICKEL COBALT ALUMINUM OXIDE)
          • LFP (LITHIUM IRON PHOSPHATE)
        • SOLID STATE BATTERIES
      • RAW MATERIAL ANALYSIS
        • KEY RAW MATERIALS
        • COUNTRIES HAVING HIGH DEPOSITS OF KEY RAW MATERIALS
          • LITHIUM
          • MANGANESE
          • NICKEL
          • COBALT
          • GRAPHITE
    1. MARKET BY VEHICLE TYPE
      • BATTERY ELECTRIC VEHICLE
      • HYBRID ELECTRIC VEHICLE
      • PLUG-IN HYBRID ELECTRIC VEHICLE
    2. MARKET BY BATTERY TYPE
      • LEAD ACID
      • NICKEL METAL HYDRIDE
      • LITHIUM-ION
    3. MARKET BY END-USER
      • COMMERCIAL VEHICLE
      • PASSENGER CAR
      • OTHER
    4. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. COMPETITIVE LANDSCAPE
      • MARKET SHARE ANALYSIS
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • A123 SYSTEMS
        • BYD
        • CALB
        • CATL
        • ENVISION AESC
        • GS YUASA
        • LG ENSOL
        • LITHIUM ENERGY JAPAN
        • NORTHVOLT AB
        • PANASONIC
        • PRIME PLANET ENERGY SOLUTIONS
        • SAMSUNG SDI
        • SK INNOVATION
        • TOSHIBA CORPORATION
        • ULTIUM CELLS LLC
        • VEHICLE ENERGY JAPAN CO LTD

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – ELECTRIC VEHICLE BATTERY

    TABLE 2: MAJOR ELECTRIC VEHICLE KEY RAW MATERIALS PRODUCERS

    TABLE 3: NORTH AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY ELECTRIC VEHICLE BATTERY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 4: NORTH AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY ELECTRIC VEHICLE BATTERY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 5: NORTH AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY BATTERY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 6: NORTH AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY BATTERY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 7: NORTH AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 8: NORTH AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 9: NORTH AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 10: NORTH AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 11: LIST OF MERGERS & ACQUISITIONS

    TABLE 12: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 13: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 14: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

    LIST OF FIGURES

    FIGURE 1: ELECTRIC VEHICLE SALES, IN UNITS, 2010-2020

    FIGURE 2: LITHIUM-ION BATTERY PRICE PER KWH (2010-2020)

    FIGURE 3: KEY MARKET TRENDS

    FIGURE 4: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 5: OPPORTUNITY MATRIX

    FIGURE 6: VENDOR LANDSCAPE

    FIGURE 7: VALUE CHAIN ANALYSIS

    FIGURE 8: SNAPSHOT OF A TYPICAL NCM BATTERY

    FIGURE 9: SNAPSHOT OF A TYPICAL NCA BATTERY

    FIGURE 10: SNAPSHOT OF A TYPICAL LFP BATTERY

    FIGURE 11: NORTH AMERICA ELECTRIC VEHICLE BATTERY MARKET, GROWTH POTENTIAL, BY ELECTRIC VEHICLE BATTERY, IN 2020

    FIGURE 12: NORTH AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY BATTERY ELECTRIC VEHICLE, 2021-2028 (IN $ MILLION)

    FIGURE 13: NORTH AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY HYBRID ELECTRIC VEHICLE, 2021-2028 (IN $ MILLION)

    FIGURE 14: NORTH AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY PLUG-IN HYBRID ELECTRIC VEHICLE, 2021-2028 (IN $ MILLION)

    FIGURE 15: NORTH AMERICA ELECTRIC VEHICLE BATTERY MARKET, GROWTH POTENTIAL, BY BATTERY TYPE, IN 2020

    FIGURE 16: NORTH AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY LEAD ACID, 2021-2028 (IN $ MILLION)

    FIGURE 17: NORTH AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY NICKEL METAL HYDRIDE, 2021-2028 (IN $ MILLION)

    FIGURE 18: NORTH AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY LITHIUM-ION, 2021-2028 (IN $ MILLION)

    FIGURE 19: NORTH AMERICA ELECTRIC VEHICLE BATTERY MARKET, GROWTH POTENTIAL, BY END-USER, IN 2020

    FIGURE 20: NORTH AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY COMMERCIAL VEHICLE, 2021-2028 (IN $ MILLION)

    FIGURE 21: NORTH AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY PASSENGER CAR, 2021-2028 (IN $ MILLION)

    FIGURE 22: NORTH AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY OTHER, 2021-2028 (IN $ MILLION)

    FIGURE 23: NORTH AMERICA ELECTRIC VEHICLE BATTERY MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 24: UNITED STATES ELECTRIC VEHICLE BATTERY MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 25: CANADA ELECTRIC VEHICLE BATTERY MARKET, 2021-2028 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. MARKET BY VEHICLE TYPE
      • BATTERY ELECTRIC VEHICLE
      • HYBRID ELECTRIC VEHICLE
      • PLUG-IN HYBRID ELECTRIC VEHICLE
    2. MARKET BY BATTERY TYPE
      • LEAD ACID
      • NICKEL METAL HYDRIDE
      • LITHIUM-ION
    3. MARKET BY END-USER
      • COMMERCIAL VEHICLE
      • PASSENGER CAR
      • OTHER

    To request a free sample copy of this report, please complete the form below :

    We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.

      Choose License Type