The global electric vehicle battery market is anticipated to grow at a considerable CAGR during the forecast period (2020-2026). The high cost and low range EVs are a major restrain for the higher adoption level of EVs across the globe. Therefore, there is a continuous need for innovation in battery design to make it more compact & powerful to increase the range of EVs. In line with this concept, Tesla, Inc., one of the major manufacturers of EVs has introduced its innovative tabless battery design at its Battery Day Event in September 2020.
Browse the full report description of "Global Electric Vehicle Battery Market Size, Share & Trends Analysis Report By Vehicle Type (Commercial Vehicles, Passenger Cars, and Two-Wheeler), By Battery Type (NiMH, Li-Ion, and Others), By Application (Public, and Private) Forecast Period 2020-2026" at https://www.omrglobal.com/industry-reports/electric-vehicle-battery-market
The new tabless battery presented by the company will come with an 80-millimeter length to provide cells with five times the energy density, six times the power, and enable a 16.0% increase in range. The tabless battery cell will overcome the drawbacks of traditional battery cells related to power loss. The company announced its plans to ramp up the manufacturing of these cells at its pilot 10-gigawatt manufacturing facility. The production of tabless battery cells is still in its development phase, however, the success of this battery design to hike the EV performance is anticipated to provide lucrative opportunities for the growth of the electric vehicle industry and so the global electric vehicle battery market.
Market Coverage
Key questions addressed by the report
Global Electric Vehicle Battery Market report Segment
By Battery Type
By Vehicle Type
By Propulsion Type
Global Electric Vehicle Battery Market report Segment
North America
Europe
Asia-Pacific
Rest of the World