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Last Updated: Apr 25, 2025 | Study Period: 2022-2027
Many other aspects of an electric vehicle, including the battery, require much less upkeep than their gasoline-powered counterparts. There are roughly two dozen fewer automotive parts in electric motors than in ICE engines, hence there are fewer moving parts that could eventually break or need to be replaced.
Additionally, since there are fewer fluids, such as engine oil, and regenerative braking technology reduces brake wear, EV drivers have less to worry about overall.
Batteries are made to gradually lose their ability to charge over time rather than to completely deplete. Many people report a loss of a few percentage points over many years as a result of this slow depletion.
TheCanada Electric tractor battery marketaccounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
Stellantis and LG Energy Solution (LGES) have signed official agreements to build Canada's first large-scale domestic facility for the production of electric vehicle batteries.
A sizable amount of Stellantis' North American vehicle production needs, including the planned new electric products from the Jeep brand, will be satisfied by the joint venture company's lithium-ion battery cells and modules.
The facility wants to be able to produce more than 45 gigawatt hours per year (GWh) Stellantis and LGES anticipate that the facility will act as a catalyst for the creation of a reliable battery supply chain in the area.
LG Energy Solution will be able to establish itself as a key participant in creating green energy value chains in the area thanks to this joint venture.
Sl no | Topic |
1 | Market Segmentation |
2 | Scope of the report |
3 | Abbreviations |
4 | Research Methodology |
5 | Executive Summary |
6 | Introduction |
7 | Insights from Industry stakeholders |
8 | Cost breakdown of Product by sub-components and average profit margin |
9 | Disruptive innovation in the Industry |
10 | Technology trends in the Industry |
11 | Consumer trends in the industry |
12 | Recent Production Milestones |
13 | Component Manufacturing in US, EU and China |
14 | COVID-19 impact on overall market |
15 | COVID-19 impact on Production of components |
16 | COVID-19 impact on Point of sale |
17 | Market Segmentation, Dynamics and Forecast by Geography, 2022-2027 |
18 | Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027 |
19 | Market Segmentation, Dynamics and Forecast by Application, 2022-2027 |
20 | Market Segmentation, Dynamics and Forecast by End use, 2022-2027 |
21 | Product installation rate by OEM, 2022 |
22 | Incline/Decline in Average B-2-B selling price in past 5 years |
23 | Competition from substitute products |
24 | Gross margin and average profitability of suppliers |
25 | New product development in past 12 months |
26 | M&A in past 12 months |
27 | Growth strategy of leading players |
28 | Market share of vendors, 2022 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |