Technology Landscape, Trends and Opportunities in the Global Electric Vehicle Battery Market

The technologies in electric vehicle battery have undergone significant change in recent years, with non-rechargeable to rechargeable electric vehicle batteries. The rising wave of new technologies, such as nickel-cadmium batteries, nickel-metal hydride batteries, sodium-nickel chloride batteries, and lithium-ion batteries are creating significant potential for electric vehicle battery applications due to reduced emission, betterment for the environment, health benefits, and safety improvements.

In this market, various technologies, such as lead-acid battery, nickel-cadmium battery, nickel-metal hydride battery, sodium-nickel chloride battery, and lithium-ion battery technologies, are used in battery electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles. Growing demand for zero emission vehicles and decreasing cost of electric vehicle battery systems are creating opportunities for various electric vehicle battery technologies.

Some of the latest technological developments by various countries in the electric vehicle battery market are as follows:

• China: CATL (Contemporary Amperex Technology Co. Limited), the world's largest EV battery maker, announced a new generation of lithium-ion batteries with extended range (over 1,000 km) targeting premium electric vehicles. The Chinese government set an ambitious target of having 30% of all new car sales is electric by 2030, driving significant investment in domestic battery production.
• United States: Tesla is ramping up production of its 4680 cylindrical battery cells, aiming for a 5x increase in energy density and lower costs. This could impact the entire EV battery landscape. The US Department of Energy announced a $2.8 billion investment to support domestic battery research and manufacturing, focusing on next-generation technologies like solid-state batteries.
• Europe: Volkswagen Group announced a €1 billion investment in a new battery recycling facility in Salzgitter, Germany, aiming to establish a closed-loop supply chain for critical battery materials. The European Union is proposing stricter regulations on battery sustainability, including mandatory use of recycled materials and improved end-of-life management practices.
• Japan: Toyota and Panasonic are collaborating on the development of next-generation lithium-sulfur batteries, aiming for higher energy density and faster charging times compared to traditional lithium-ion batteries. The Japanese government is offering subsidies to encourage the adoption of electric vehicles and is supporting research into solid-state batteries, aiming to be a leader in this emerging technology.

This report analyzes technology maturity, degree of disruption, competitive intensity, market potential, and other parameters of various technologies in the electric vehicle battery market. Some insights are depicted below by a sample figure. For more details on figures, the companies researched, and other objectives/benefits on this research report, please download the report brochure.

 

 

 

 

 

The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, forecasts and strategic implications for the global electric vehicle battery technology by application, technology, and region as follows:

Technology Readiness by Technology Type

Competitive Intensity and Regulatory Compliance

Disruption Potential by Technology Type

Trends and Forecasts by Technology Type [$M shipment analysis from 2018 to 2030]:

• Lead-Acid Battery
• Nickel-Cadmium Battery
• Nickel-Metal Hydride Battery
• Sodium-Nickel Chloride Battery
• Lithium-Ion Battery

Technology Trends and Forecasts by Application [$M shipment analysis from 2018 to 2030]:

• Battery Electric Vehicles
• Hybrid Electric Vehicles
• Plug-in Hybrid Electric Vehicles

Technology Trends and Forecasts by Region [$M shipment analysis for 2018 to 2030]:

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • United Kingdom
  • Germany
  • France
• Asia Pacific
  • Japan
  • China
  • South Korea
  • India
• The Rest of the World

 
Latest Developments and Innovations in the Electric Vehicle Battery Technologies

Companies / Ecosystems

Strategic Opportunities by Technology Type

Some of the electric vehicle battery companies profiled in this report include Samsung Sdi, Quallion, Boston-Power, and LG Chem Power.

Below are the latest technological developments from top companies in the electric vehicle battery market:

• CATL announced a $7 billion investment in a new lithium-ion battery factory in North America to cater to the growing demand for EVs in the region. This follows their unveiling of their third-generation EV battery technology with extended range and faster charging capabilities.
• LG Energy Solution partnered with Honda to establish a joint venture battery plant in the United States. This collaboration aims to supply advanced lithium-ion batteries for Honda's upcoming electric vehicle models.
• Zebra Battery Corporation successfully completed a $32 million funding round to accelerate the development and commercialization of their sodium-nickel chloride batteries for EVs. This technology promises lower costs and improved safety compared to traditional lithium-ion batteries.
• Exide Technologies received a $50 million grant from the US Department of Energy to develop advanced VRLA (Valve Regulated Lead Acid) batteries for the electric bus applications. This could provide a cost-effective solution for short-distance electric public transportation.

This report answers following 9 key questions:
Q.1 What are some of the promising and high-growth technology opportunities for the electric vehicle battery market?
Q.2 Which technology will grow at a faster pace and why?
Q.3 What are the key factors affecting dynamics of different technologies? What are the drivers and challenges of these technologies in electric vehicle battery market?
Q.4 What are the levels of technology readiness, competitive intensity and regulatory compliance in this technology space?
Q.5 What are the new technology developments in electric vehicle battery market? Which companies are leading these developments? 
Q.6 What are the latest developments in electric vehicle battery technologies? Which companies are leading these developments?
Q.7 Which technologies have potential of disruption in this market?
Q.8 Who are the major players in this electric vehicle battery market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are strategic growth opportunities in this electric vehicle battery technology space?