Germany Electric Vehicle Battery Market Insights

In recent time, global trend of the automobile segment has been shifting towards the electric vehicle due to the higher toxic emission issues. The integral component of the electric vehicles is the battery, which are responsible for the uninterrupted supply of the power to drive the vehicles. These batteries slightly different from the traditional one and designed in such a way that they can supply the power over sustainable period of time. However, still multiple of the research going on so that the efficiency of the electric vehicles can be enhanced and the need of the recharging can be minimised.

Nowadays, German government promising steps to support electric vehicle market in the region bolstering the market growth of electric vehicle battery in the region. For instance, under the environmental bonus plan €4,000 for non-hybrid electric cars, and €3,000 for plug-in hybrids announced by the government which is limited to €1.2 billion. In addition, government also planning to invest about 500 million euros facilitating research and development of both existing and next-generation EV battery cell technology, so that domestic production of the electric vehicle battery can be prioritised in the region. The participation of the major giants such as TESLA and Volkswagen decision to invest for the battery plant in the region also expected to propel the growth of Electric Vehicle Battery market in Germany. However, the adequate investments for the battery production still acts as the growth hindering factor for Germany Electric Vehicle Battery Market.

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Various notable players in the market includes BMZ group, Liacon Batteries, Customcells, EAS Batteries and TerraE, Contemporary Amperex Technology Ltd., TESLA, Volkswagen, Bosch, VARTA AG etc

The Germany Electric Vehicle Battery Market has been segmented on the basis of battery type, Vehicle Technology Vehicle Type – opportunity and forecast 2019 – 2026. Based on battery type, the market comprises of Lithium Ion Battery, Lead Acid Battery, and others. Vehicle Technology segment categorised into Battery Electric Vehicles, Hybrid Electric Vehicles, Plug-in Hybrid Electric Vehicles. On the basis of Vehicle Type market classified into Electric Car, Two-Wheeler, Electric Buses and Trucks and Others

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Key questions answered in this research report:
1- At what pace is Germany Electric Vehicle Battery Market growing? What will be growth trend in future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the various application areas and how they are poised to grow?

Market Segmentation
• Battery Type
• Lithium Ion Battery
• Lead Acid Battery
• Others

• By Vehicle Technology
• Battery Electric Vehicles
• Hybrid Electric Vehicles
• Plug-in Hybrid Electric Vehicles

• Vehicle Type
• Electric Car
• Two-Wheeler
• Electric Buses and Trucks
• Others

Leading market players
o BMZ group
o Liacon Batteries
o Customcells
o EAS Batteries
o TerraE
o Contemporary Amperex Technology Ltd.
o TESLA
o Volkswagen
o Bosch
o VARTA AG

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