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The automotive li-ion battery market size is forecast to increase by USD 56 million at a CAGR of 33.7% between 2023 and 2028. The automotive lithium-ion battery market is experiencing significant growth due to several key factors. Favorable government policies, including incentives for electric vehicle (EV) adoption and investments in renewable energy, are driving market expansion. Additionally, the increase in global production capacity for automotive lithium-ion batteries is enabling mass production of EVs. A major trend in the market is the development of high-performance batteries with improved power capacity and longer life cycles. However, challenges remain, such as the self-discharge rate and toxicity of lithium-ion batteries, as well as the environmental sustainability of battery disposal. As the demand for EVs continues to rise and carbon emissions become a greater concern, addressing these challenges will be crucial for the continued growth of the automotive lithium-ion battery market.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Vehicle Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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