Report: EV Battery Market Worth $134.6B by 2027

March 31, 2023

According to global market research firm MarketsandMarkets, the electric vehicle (EV) battery market is projected to grow at a compound annual growth rate of 19% from the $56.4 billion it was worth in 2022 to $134.6 billion by 2027.

The growth of the EV battery market can be attributed to the increasing demand of electric vehicles, improvement in battery technology, supporting government policies and regulations, and the launch of new plug-in EV models. RV Pro