Electric Vehicle Battery on Demand Market: Industry Outlook, Growth Prospects and Key Opportunities 2021-2031
Electric Vehicle Battery on Demand: Introduction An electric vehicle battery powers the electric motors of a battery electric vehicle or hybrid electric vehicle. These batteries are usually rechargeable batteries, and are typically lithium-ion batteries. Batteries for electric vehicles are characterized by their relatively high power-to-weight ratio, specific energy, and energy density; smaller, lighter batteries are desirable because they reduce the weight of the vehicle and therefore, improve its performance. Hybrid vehicles utilize nickel metal hydride batteries, while Li-ion batteries have been the primary solution for automakers to power hybrid vehicles and battery electric vehicles. High energy density charge retention capacity, and low maintenance are some benefits that fueled the demand for Li-ion as a battery technology. Key Drivers of Global Electric Vehicle Battery on Demand Mark et: Consumers have been preferring battery electric or plug-in vehicles for the last...