The US electric vehicle battery market is estimated to grow at a CAGR of over 11.0% during the forecast period. The increasing adoption of the electric vehicle in the US owing to the growing demand for the zero-emission vehicles coupled with the cohesive government subsidies for the purchase of electric vehicles is the key aspect to promote the growth electric vehicle battery market in the US. For instance, the US federal government had initiated a tax credit for plug-in electric vehicles purchased after December 2009. The tax credit ranges from $2,500 to $7,500 for each vehicle based on its battery capacity and gross vehicle weight rating. The ongoing technological advancement by the key players in the market to reduce the weight and size of the batteries is anticipated to offer considerable growth opportunities for the market in the US.
Request a Free Sample of our US Electric Vehicle Battery Market: https://www.omrglobal.com/request-sample/us-electric-vehicle-battery-market
The market is segmented on the basis of battery type vehicle type, and propulsion technology. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Based on the battery type Li-ion batteries market is anticipated to showcase considerable growth due to its light-weight characteristic. Based on vehicle type, the market is sub-segmented into commercial vehicles, passenger cars, and two-wheeler. Based on propulsion technology the market is sub-segmented into battery electric vehicle, plug-in hybrid electric vehicle. Based on the propulsion type, plug-in hybrid vehicles are anticipated to have considerable market growth during the forecast period.
A full Report of US Electric Vehicle Battery Market is Available at: https://www.omrglobal.com/industry-reports/us-electric-vehicle-battery-market
US Electric Vehicle Battery Market Segmentation
By Battery Type
• NiMH
• Li-Ion
• Others
By Vehicle Type
• Commercial Vehicles
• Passenger Cars
• Two-Wheelers
By Propulsion Technology
• Battery Electric Vehicles
• Plug-in Hybrid Electric Vehicle
Company Profiles
• East Penn Manufacturing Co.
• NOHMs Technologies, Inc.
• Panasonic Corp.
• Hankook AtlasBX Co., Ltd.
• EnerSys, Inc.
• Crown Battery
• Hitachi, Ltd.
• C&D Technologies, Inc.
• NEC Corp.
• SK Innovation Co. Ltd.
• Sony Corp.
• Narada Power Source Co., Ltd.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/us-electric-vehicle-battery-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
For More Information, Visit Orion Market Research
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email:
[email protected]
Contact no: +91 7803040404