EV Battery Market worth USD 508.8 billion by 2033, at a CAGR of 14.4%
The global EV battery market is projected to grow from USD 132.6 billion in 2023 to USD 508.8 billion by 2033, registering a CAGR of 14.4%.
Recent advancements in the EV market have resulted in the introduction of batteries with higher standards. While these batteries are expected to improve EV performance and range, factors such as the limited range of EVs, the significant charging time required,...
Solar Vehicle Market Size worth 107,380 Units by 2030, at a CAGR of 36.4%
Global Solar Vehicle Market is projected to grow at a CAGR of 36.4% from 8,955 units in 2022 to reach 107,380 units by 2030.
By Battery: Lithium-ion battery is the largest segment of the solar vehicle market during the forecast period
Lithium-ion battery is the most common and widely accepted by solar vehicle manufacturers globally. The battery is recognized as the best rechargeable battery...