Global Electric Vehicle Battery Market is anticipated to grow at CAGR of more than 25% in value by t

Mary Joseph21 May, 2022Other

According to the report ?Global Electric Vehicle Battery Market Outlook, 2027?, published by Actual Market Research, the EV battery market is anticipated to grow at CAGR of more than 25% in value by the end of forecast period. There are various factors responsible for accelerating the electric vehicle and battery market globally, such as increasing demand of electric vehicle, technological advancement in electric vehicle battery, government incentives and support towards electric vehicle sales, and launch of new EV like hybrid electric vehicle (HEV) and Plug-in hybrid electric vehicles (PHEV). EV technologies are attractive options to help environmental, societal and health objectives.