United States Electric Vehicle Battery Market – Opportunities & Forecast, 2020-2027

1. Report Title United States Electric Vehicle Battery Market – Opportunities & Forecast, 2020-2027 GMI Research GMI Research See the Future Insights 1

2. The market report aims to provide an overview of the industry through detailed market segmentation. The report provides thorough information regarding the overview and scope of the market, along with the market drivers, restrains, and key trends. It covers both the quantitative and qualitative aspects of the industry in each country participating in the study. Key Drivers of the United States Electric Vehicle Battery Market: Various policies and legislation by the federal government for encouraging electric vehicles in the United States are a major factor supporting the market growth in this region. Proposal for a new effort has been made for supporting the advanced technology vehicle adoption by improvements to tax credits in current research, law, and development investments. The ongoing discussions between the federal and national parties regarding the rollback of 2025 fuel economy standards, followed by state authority under the Clean Air Act and the regulatory developments in the country, are some factors bolstering the growth of the electric vehicle battery market in the United States. The consumers are changing preference towards electric vehicles driven by the volatile prices of oil in the market. According to IEA, the United States had 1.1 million electric cars on the road by 2018 and contributed 22% of the global stock of electric cars at 1.1 million. The American Recovery and Reinvestment Act in 2009 launched conversion kits to add the capabilities of electric vehicles into conventionally powered vehicles and established tax credits for purchasing electric vehicles. Rising concern for the reduction of greenhouse emissions, coupled with the decreasing need for petroleum, are other important drivers fuelling the growth of electric vehicles, further increasing the growth in the United States electric vehicle battery market. In addition to this, Vehicle Technologies Office (VTO) is doing collaborations with national laboratories for decreasing the weight, cost, and volume of batteries and enhancing electric traction drive systems. The batteries will be improved by enhancing lithium-ion electro chemistries, developing modules and cells, followed by investigating new materials. Additionally, the Advanced Research Project Agency (ARPA-E), a U.S Department of Energy Agency, has funded various projects of electric vehicles, including batteries, 2

3. automotive controls, and effective chargers. Various manufacturers are aiming at manufacturing the batteries at a decreased cost and also with raised energy density, making these batteries more effective and affordable, thereby fuelling the growth of the electric vehicle battery market in the United States over the upcoming years. The factors hampering the growth of the United States electric vehicle battery market include increasing initial cost and issues with the availability of infrastructure for the model, charging, and gaps in terms of knowledge. This report splits the United States Electric Vehicle Battery Market as follows: By Battery Type: •Lead Acid Battery •Lithium-Ion Battery •Nickel-Metal Hydride Battery •Solid State Battery By Propulsion Type: •Battery Electric Vehicle •Plug-in Hybrid Electric Vehicle •Hybrid Electric Vehicle By Vehicle Type: •Two-Wheelers •Three-Wheelers •Electric Cars •Electric Buses & Trucks Competitive Landscape: The United States electric vehicle battery market report also scans the competitive landscape and profiles the major players operating in the market including Panasonic Corporation, Envision AESC SDI Co. Ltd., BYD Company Limited, Tesla Inc., Samsung SDI Co. Ltd., Robert Bosch, General Motors, SK Innovation, Toshiba Corporation, and LG Chem, among others. About GMI Research 3

4. GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us a pioneer in the emerging market research space. Our syndicate reports cover multiple industries across various regions and countries. Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve. 4