The Business Research Company’s latest report Electric Vehicle Batteries Global Market Report 2020 covers Electric Vehicle Batteries market drivers, Electric Vehicle Batteries market trends, Electric Vehicle Batteries market segments, Electric Vehicle Batteries market growth rate, Electric Vehicle Batteries market major players, and Electric Vehicle Batteries market size. The report provides in-depth analysis of the impact of COVID-19 on the Electric Vehicle Batteries industry, along with revised market numbers due to the effects of the coronavirus.
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Electric Vehicle Batteries Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global electric vehicles batteries market is expected decline from $23.17 billion in 2019 to $22.24 billion in 2020 at a compound annual growth rate (CAGR) of -6.17%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $35.36 billion in 2023 at CAGR of 16.71%.
The report covers the Electric Vehicle Batteries market’s segments-
1) By Battery Type: Lithium-Ion, Lead-Acid, Nickel-Metal Hydride, Sodium-Ion, Others.
2) By Vehicle Type: Passenger Vehicles, Commercial Vehicles.
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