Electric Vehicle Battery Market Size Is Expected To Reach USD 198.86 Billion By 2030
San Francisco, 10 Novembers 2025: The Report Electric Vehicle Battery Market (2025 - 2030) Size, Share & Trends Analysis Report By Battery Type (Lithium-Ion Battery, Lead-Acid Battery), By Propulsion Type (BEV, PHEV), By Vehicle Type (Two-Wheeler, Passenger Cars, Buses), By Region, And Segment Forecasts The global electric vehicle battery market size is expected to reach USD 198.86 billion in 2030 growing at a CAGR of 22.2% from 2025 to 2030, according to a new study conducted by Grand View Research, Inc. Increasing government initiatives for reducing carbon emissions and promoting the adoption of electric vehicles (EVs) drive the market growth. Growing consumer interest in EVs owing to lower operating costs and environmental benefits boosts the product demand. Rising advancements in battery technologies and the development of batteries that give better range, enhanced performance, and faster charging times, safety, and reliability are fu...