Lithium-ion Battery for Electric Vehicle Market Size & Share Analysis - Growth, Trends, and Forecasts (2025 - 2030)

The Report Covers Lithium-Ion Battery for Electric Vehicle Market Size & Share and is Segmented by Vehicle Type (Passenger Vehicles, Commercial Vehicles, and Other Vehicles (Bikes, Scooters, Etc. )), Propulsion Type (Battery Electric Vehicle (BEV), Hybrid Electric Vehicles (HEV), and Plug-In Hybrid Electric Vehicle (PHEV)), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Report Offers Market Size and Forecasts for Lithium-Ion Batteries for the Electric Vehicle Market in Terms of Revenue in USD for all the Above Segments.

Lithium-ion Battery for Electric Vehicle Market Size & Share Analysis - Growth, Trends, and Forecasts (2025 - 2030)

Lithium-ion Battery For Electric Vehicle Market Size

Lithium-ion Battery For Electric Vehicle Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 78.17 Billion
Market Size (2030) USD 205.95 Billion
CAGR (2025 - 2030) 21.38 %
Fastest Growing Market Asia Pacific
Largest Market Europe
Market Concentration Medium

Major Players

Lithium-ion Battery For Electric Vehicle Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Lithium-ion Battery For Electric Vehicle Market Analysis

The Lithium-ion Battery For Electric Vehicle Market size is estimated at USD 78.17 billion in 2025, and is expected to reach USD 205.95 billion by 2030, at a CAGR of 21.38% during the forecast period (2025-2030).

Over the medium term, declining lithium-ion battery prices, increasing adoption of electric vehicles, and supportive government policies and initiatives are expected to drive the demand for lithium-ion batteries in the electric vehicle market during the forecast period.

On the other hand, the emerging alternative battery technologies and the demand-supply mismatch of raw materials are expected to hinder the market's growth during the forecast period. The adoption of solid-state lithium-ion batteries for electric vehicles is anticipated to create vast opportunities for lithium-ion batteries in the electric vehicle market. Due to the increasing adoption of electric vehicles in the region, Asia-Pacific is expected to be a dominant region for lithium-ion batteries in the electric vehicle market.

Lithium-ion Battery For Electric Vehicle Industry Overview

The lithium-ion battery for the electric vehicle market is semi-consolidated. Some key players in the market include Panasonic Corporation, Samsung SDI Co. Ltd, Contemporary Amperex Technology Co. Ltd (CATL), LG Energy Solution Ltd, and Tianjin Lishen Battery Joint-Stock Co. Ltd.

Lithium-ion Battery For Electric Vehicle Market Leaders

  1. Panasonic Corporation

  2. Samsung SDI Co., Ltd.

  3. Contemporary Amperex Technology Co. Ltd (CATL)

  4. Tianjin Lishen Battery Joint-Stock Co., Ltd.

  5. LG Energy Solution Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Lithium-ion Battery For Electric Vehicle Market Concentration
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Lithium-ion Battery For Electric Vehicle Market News

  • June 2023: Tata Group signed an outline on constructing a lithium-ion cell factory, with an investment of about INR 130 billion (USD 1.58 billion), as part of India’s efforts to create its electric vehicle supply chain. A joint statement on the MoU between Tata's unit Agratas Energy Storage Solutions and the government of the western state of Gujarat stated that the work on the plant was expected to start in less than three years and to be based in Sanand, northern Gujarat. The plant is expected to have an initial manufacturing capacity of 20 GWh, which could be doubled in a second expansion phase.
  • November 2023: The US Department of Energy (DOE) announced up to USD 3.5 billion from the Infrastructure Law to boost domestic production of battery materials and advanced batteries nationwide. It is a part of President Biden's Investing in America agenda, and the funding is expected to create new, retrofitted, and expanded domestic facilities for battery components, battery-grade processed critical minerals, cell and pack manufacturing, and battery precursor materials. These are critical in supporting clean energy industries like renewable energy and electric vehicles.
  • August 2023: Amara Raja Batteries announced plans to expand into the two-wheeler EV market through chargers and batteries to expand to triple its lithium-ion business. Amara Raja, whose customers are only in the three-wheeler EV market, received about 2.5% of its total revenue from its lithium-ion battery business, while the rest of INR 103.85 billion (USD 1.25 billion) in FY 2023 was from its flagship lead-acid storage battery-making unit. The company, which owns the Amaron battery brand, aims to enter the two-wheeler EV market with chargers first and eventually through battery packs as it expands its 'new energy' segment.

Lithium-ion Battery For Electric Vehicle Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD, till 2029
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 Declining Lithium-ion Battery Prices
    • 4.5.1.2 Increasing Adoption of Electric Vehicles
    • 4.5.1.3 Supportive Government Policies and Initiatives
    • 4.5.2 Restraints
    • 4.5.2.1 Emerging Alternative Battery Technologies
    • 4.5.2.2 Demand-Supply Mismatch of Raw Materials
  • 4.6 Supply Chain Analysis
  • 4.7 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Vehicle Type
    • 5.1.1 Passenger Vehicles
    • 5.1.2 Commercial Vehicles
    • 5.1.3 Other Vehicles (Bikes, Scooters, etc.)
  • 5.2 Propulsion Type
    • 5.2.1 Battery Electric Vehicle (BEV)
    • 5.2.2 Plug-in Hybrid Electric Vehicle (PHEV)
    • 5.2.3 Hybrid Electric Vehicles (HEV)
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Rest of North America
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 France
    • 5.3.2.4 Italy
    • 5.3.2.5 Spain
    • 5.3.2.6 Nordic
    • 5.3.2.7 Russia
    • 5.3.2.8 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 India
    • 5.3.3.3 Japan
    • 5.3.3.4 South Korea
    • 5.3.3.5 Thailand
    • 5.3.3.6 Malaysia
    • 5.3.3.7 Indonesia
    • 5.3.3.8 Vietnam
    • 5.3.3.9 Rest of Asia-Pacific
    • 5.3.4 Middle East and Africa
    • 5.3.4.1 Saudi Arabia
    • 5.3.4.2 United Arab Emirates
    • 5.3.4.3 South Africa
    • 5.3.4.4 Egypt
    • 5.3.4.5 Nigeria
    • 5.3.4.6 Qatar
    • 5.3.4.7 Rest of Middle East and Africa
    • 5.3.5 South America
    • 5.3.5.1 Brazil
    • 5.3.5.2 Argentina
    • 5.3.5.3 Chile
    • 5.3.5.4 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted & SWOT Analysis for Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Panasonic Corporation
    • 6.3.2 Samsung SDI Co. Ltd
    • 6.3.3 Contemporary Amperex Technology Co. Ltd (CATL)
    • 6.3.4 Tianjin Lishen Battery Joint-Stock Co. Ltd
    • 6.3.5 LG Energy Solution Ltd
    • 6.3.6 Trontek Electronics Pvt. Ltd
    • 6.3.7 Greenfuel Energy Solutions Pvt. Ltd
    • 6.3.8 Tesla Inc.
  • *List Not Exhaustive
  • 6.4 List of Other Prominent Companies (Company Name, Headquarter, Relevant Products & Services, Contact Details, etc.)
  • 6.5 Market Ranking Analysis

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Adoption of Solid-state Lithium-Ion Batteries for Electric Vehicles
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Lithium-ion Battery For Electric Vehicle Industry Segmentation

A lithium-ion battery for electric vehicles (EVs) is a rechargeable battery commonly used to power electric cars and other electric transportation. This battery technology is known for its high energy density, long cycle life, and lightweight design. It enables efficient storage and delivery of electrical energy. Lithium-ion batteries contain cells containing an anode, cathode, separator, and electrolyte. These batteries offer a high power-to-weight ratio, excellent energy efficiency, and reduced self-discharge compared to other rechargeable batteries, making them a preferred choice for modern electric vehicles.

The lithium-ion battery for electric vehicle market is segmented into vehicle type, propulsion type, and geography. By vehicle type, the market is segmented into passenger vehicles, commercial vehicles, and other vehicles (bikes, scooters, etc.), and by propulsion type into battery electric vehicles (BEV), hybrid electric vehicles (HEV), and plug-in hybrid electric vehicles (PHEV). The report also covers the market size and forecasts for the lithium-ion battery for the electric vehicle market across major regions in terms of revenue in USD for all the above segments.

Vehicle Type Passenger Vehicles
Commercial Vehicles
Other Vehicles (Bikes, Scooters, etc.)
Propulsion Type Battery Electric Vehicle (BEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Hybrid Electric Vehicles (HEV)
Geography North America United States
Canada
Rest of North America
Europe Germany
United Kingdom
France
Italy
Spain
Nordic
Russia
Rest of Europe
Asia-Pacific China
India
Japan
South Korea
Thailand
Malaysia
Indonesia
Vietnam
Rest of Asia-Pacific
Middle East and Africa Saudi Arabia
United Arab Emirates
South Africa
Egypt
Nigeria
Qatar
Rest of Middle East and Africa
South America Brazil
Argentina
Chile
Rest of South America
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Lithium-ion Battery For Electric Vehicle Market Research FAQs

How big is the Lithium-ion Battery For Electric Vehicle Market?

The Lithium-ion Battery For Electric Vehicle Market size is expected to reach USD 78.17 billion in 2025 and grow at a CAGR of 21.38% to reach USD 205.95 billion by 2030.

What is the current Lithium-ion Battery For Electric Vehicle Market size?

In 2025, the Lithium-ion Battery For Electric Vehicle Market size is expected to reach USD 78.17 billion.

Who are the key players in Lithium-ion Battery For Electric Vehicle Market?

Panasonic Corporation, Samsung SDI Co., Ltd., Contemporary Amperex Technology Co. Ltd (CATL), Tianjin Lishen Battery Joint-Stock Co., Ltd. and LG Energy Solution Ltd. are the major companies operating in the Lithium-ion Battery For Electric Vehicle Market.

Which is the fastest growing region in Lithium-ion Battery For Electric Vehicle Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Lithium-ion Battery For Electric Vehicle Market?

In 2025, the Europe accounts for the largest market share in Lithium-ion Battery For Electric Vehicle Market.

What years does this Lithium-ion Battery For Electric Vehicle Market cover, and what was the market size in 2024?

In 2024, the Lithium-ion Battery For Electric Vehicle Market size was estimated at USD 61.46 billion. The report covers the Lithium-ion Battery For Electric Vehicle Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Lithium-ion Battery For Electric Vehicle Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Lithium-ion Battery For Electric Vehicle Industry Report

Statistics for the 2025 Lithium-ion Battery For Electric Vehicle market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Lithium-ion Battery For Electric Vehicle analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.