By 2032, it is anticipated that the U.S. market for electric car batteries would create an absolute dollar opportunity of US$3.8 billion.
According to Fact.MR, Electric vehicle batteries are in high demand across the United States as electric vehicle sales increase. In the upcoming years, market expansion will be fueled by rising demand for high-energy batteries, greener and renewable power generation techniques, and product innovation adopted by manufacturers.
What Do Electric Vehicle Battery Suppliers in the U.S. Need to Keep in Mind?
“Manufacturers to Content With Stringent Lead Pollution Norms”
The U.S. has placed restrictions to curb lead pollution, which has made domestic production and recycling complicated and costly. In the United States, recyclers operate in highly mechanized, tightly sealed plants, with smokestack scrubbers and extensive monitors to detect lead release. This is restraining the growth of the batteries market in the United States.
Prominent manufacturers of electric vehicle batteries in the U.S. are investing in developing new technologies to make batteries easier to operate on a zero-emission vehicle.
Market players are undertaking efforts to introduce a new world of battery technology by working on launching cobalt-free batteries to leverage technology and differentiating themselves from other competitors in the market.
- Panasonic Corporation of North America announced a massive battery plant in the United States in 2022. The new mega-factory will make new types of EV batteries for Tesla, Inc.
- Tesla Inc. is planning to provide next-generation EV batteries and is focusing on turning to lithium iron and not lithium-ion to be the fundamental chemical engineering to power electric vehicles.
Fact.MR has provided detailed information about the price points of key electric vehicle battery manufacturers positioned across the U.S., sales growth, production capacity, and speculative technological expansion, in the recently published report.
Categorization of U.S. Electric Vehicle Battery Industry Survey:
By Battery Type:
- Lithium-Ion Batteries
- Lead Acid Batteries
- Nickel Hydride Batteries
By Battery Capacity:
- Less than 25 kWh
- 25-50 kWh
- 50-100 kWh
- More than 100 kWh
By Pack Type:
By Vehicle Type:
- Hybrid Electric Vehicles (HEVs)
- Plug-in Hybrid Electric Vehicles (PHEVs)
- Battery Electric Vehicles (BEVs)
By Vehicle Category:
- Two Wheelers
- Passenger Vehicles
- Commercial Vehicles
By Sales Channel:
- West U.S.
- South-West U.S.
- Mid-West U.S.
- North-East U.S.
- South-East U.S
These insights are based on a report on U.S. Electric Vehicle Battery Market by Fact.MR.