The hybrid and EV battery market will
advance at a CAGR of 28%, to reach USD
436,112.7 million by 2030 as per a report by P&S Intelligence. This
is credited to the technological advancement in lithium-ion batteries used in
electric vehicles, and the rising popularity and deployment of electric and
hybrid vehicles.
The
Key vehicle manufacturers are entering into the industry due to the rising
demand for electric vehicles. Toyota, Tata Motors, Mercedes-Benz, and Hyundai
are developing electric veh...
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