Automotive Lithium-Ion Battery�Market�Size,�Share,�Trends,�Industry�Analysis,�Report�2024-2032

Jacksonharolin11 Jul, 2024Business

The global automotive lithium-ion battery market size reached US$ 48.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 203.2 Billion by 2032, exhibiting a growth rate (CAGR) of 17.39% during 2024-2032. The increasing demand for hybrid and electric vehicles (H/EVs), rising investments in the upgradation of public charging infrastructure, and the growing number of research and development (R&D) activities represent some of the key factors driving the market.