Global Electric Vehicle Battery Market Size to Reach USD 1,558.15 Billion by 2030, Driven by Technol
Electric vehicle batteries (EVBs) are rechargeable batteries designed to power battery electric vehicles (BEVs) and hybrid electric vehicles (HEVs). Predominantly lithium-ion batteries, EVBs offer high energy capacity, energy density, and longer lifespan, making them ideal for automotive applications. Unlike traditional lead-acid batteries, EV batteries provide sustained power over extended periods, supporting the growing demand for electric mobility worldwide.
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