DUBLIN--(BUSINESS WIRE)--The "Europe Electric Vehicle Battery Market Outlook, 2027" report has been added to ResearchAndMarkets.com's offering.

The rise in production rate for batteries and reduction in battery prices are becoming important attributes for increasing demand of electric vehicles. Increased localization of battery manufacturer facilities and potential safety issues are the major challenges faced by the EV batteries market.

To preserve the manufacturing supply chains and profits the European Commission is also attempting to produce homegrown battery industry. The European industries and European Commission developed an alliance named 'The European Battery Alliance' in 2017. This is the central platform to support the future of battery cell production in Europe. These batteries should match all the standards to be competitive, innovative and environmentally sustainable.

Further, the European Commission announced 3.5 Billion dollars to subsidize Tesla, BMW and other companies to produce more batteries in Europe. In this region, several major battery plants (gigafactories) are planned in the next few years to meet an anticipated need in demand for EVs. Tesla and Asian firms are the major producers and developers. Several initiatives taken by European government have boosted the growth of the electric vehicle battery market. The European Commission has the primary aim of 'Green Technology'.

According to the research report 'Europe Electric Vehicle Battery Market Outlook, 2027', the electric vehicle battery market is growing rapidly. Europe Electric vehicle battery market is expected to grow with the CAGR of more than 21% by 2027.

Considered in this report

  • Geography: Global
  • Base year: 2021
  • Estimated year: 2022
  • Forecast year: 2027

Aspects covered in this report

  • Europe electric vehicle battery market with its value and forecast along with its segments
  • Country-wise electric vehicle battery market analysis
  • Various drivers and challenges
  • On-going trends and developments
  • Top profiled companies
  • Strategic recommendation

Countries covered in the report

  • Germany
  • UK
  • France
  • Norway
  • Netherland
  • Sweden
  • Italy
  • Spain

Types of batteries in the report

  • Lithium-Ion battery
  • Lead Acid battery
  • Others (Nickel Metal Hybrid battery, Sodium Ion battery and Solid state)

By Propulsion Type in the report

  • Battery Electric Vehicle
  • Plug-In Hybrid Electric Vehicle
  • Hybrid Electric Vehicle

Type of Vehicle in the report:

  • Passenger Vehicle
  • Commercial Vehicle

Key Topics Covered:

1. Executive Summary

2. Report Methodology

3. Market Structure

4. Economic/Demographic Snapshot

5. Global Electric Vehicle Battery Market Outlook

6. Europe Electric Vehicle Battery Market Outlook

7. Market Dynamics

8. Market Trends and Developments

9. Company Profiles

10. Strategic Recommendations

Companies Mentioned

  • Contemporary Amperex Technology Co. Limited
  • LG Chem Limited
  • Panasonic Corporation
  • Samsung SDI Co. Limited
  • SK Innovation Co Limited
  • A123 Systems LLC (Subsidiary Of Wanxiang Group Corporation)
  • Targray Technology International Inc
  • Aptiv Plc
  • Enersys (Quallion LLC)
  • Tianneng Power International Co. Limited
  • Northvolt AB
  • Vehicle Energy Japan Co. Ltd. (Under Hitachi Automotive System. Limited)

For more information about this report visit https://www.researchandmarkets.com/r/6firz8

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