North America Electric Vehicle Battery Market Size- By Battery Type, By Component, By Vehicle Type, By Propulsion Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

North America Electric Vehicle Battery Market Size- By Battery Type, By Component, By Vehicle Type, By Propulsion Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

North America Electric Vehicle Battery Market Introduction and Overview

According to SPER market research, ‘North America Electric Vehicle Battery Market Size- By Battery Type, By Component, By Vehicle Type, By Propulsion Type – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’state that the North America Electric Vehicle Battery Market is predicted to reach USD 101.16 Billion by 2033 with a CAGR of 28%.

An electric car battery, also known as a hybrid electric vehicle battery, is a rechargeable battery that powers the electric motors in these vehicles. The demand for electric vehicle batteries is anticipated to be driven over the forecast period by the introduction of new and interesting markets via electric vehicles for both personal and commercial vehicle applications.

The North American market for electric vehicle batteries was significantly impacted by the Covid-19 epidemic. Reduced consumer demand, supply chain disruptions, and factory operations were the outcomes of the pandemic’s early stages. But as economies reopen and consumer confidence rises, the market has proven resilient, slowly recovering. The pandemic has also brought attention to the significance of environmentally friendly travel and sparked a greater interest in electric cars as a means of cutting emissions and constructing a more resilient future.

Scope of the Report:

Report Metric Details
Market size available for years 2019-2033
Base year considered 2022
Forecast period 2023-2033
Segments covered By Battery Type, By Component, By Vehicle Type, By Propulsion Type
Regions covered
Canada, United States and rest of North America

Companies Covered

AKASOL, Contemporary Amperex Technology Co., Limited (CATL), East Penn Manufacturing Company, Electrovaya, ENVISION AESC GROUP LTD., Gotion Inc., LG Energy Solution, Panasonic Corporation, Samsung SDI, SK innovation Co. Ltd, Others

North America EV Battery Market Segmentation:

By Battery Type:Based on the Battery Type, North America Electric Vehicle Battery Market is segmented as; Lead-Acid Battery, Li-ion Battery, Other Battery Types.

By Component:Based on the Component, North America Electric Vehicle Battery Market is segmented as; Battery Cells & Packs, Infotainment System, On-Board Charger, Others.

By Vehicle Type:Based on the Vehicle Type, North America Electric Vehicle Battery Market is segmented as; Heavy Commercial Vehicles, Light Commercial Vehicles, Passenger Cars, Two Wheelers.