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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
A battery electric vehicle (BEV), pure electric car, only-electric vehicle, fully electric vehicle, or all-electric vehicle is a form of electric vehicle (EV) that solely uses chemical energy stored in rechargeable battery packs, with no additional source of propulsion.
Internal combustion engines (ICEs) are not used in BEVs; rather, they are replaced by electric motors and motor controllers. They don't have an internal combustion engine, a fuel cell, or a gasoline tank because all of their power comes from battery packs.
Motorcycles, bicycles, scooters, skateboards, railcars, boats, forklifts, buses, lorries, and vehicles are all examples of BEVs.
The South Africa EV Battery Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
Tesla Motors has announced intentions to introduce inexpensive electric vehicle batteries that could be used for energy storage or for a million miles of driving.
Since existing EV batteries generally last between 100,000 and 200,000 miles, the development would make them the most durable in the market.
The new batteries are being developed in collaboration with China's CATL, but GM, which has also declared that it is "nearly there" in introducing its own line of million-mile batteries, may pose competition.
Volkswagen forms strategic alliances to further the commercialization of battery technologies. Volkswagen Group will advance its understanding of battery technology and cost control while promoting vertical integration of the battery value chain.
The joint production of essential materials for battery cells is planned through a joint venture with Umicore. Investment in 24M secures access to cutting-edge dry coating method for manufacturing battery cells Long-term agreement for the supply of lithium without carbon with Vulcan Energy Resources Ltd.
Commercialization of battery technology and mass manufacture of cutting-edge, even more environmentally friendly batteries. The Volkswagen Group is steadily putting its technical roadmap for internal battery cell development and manufacture into practice.
| 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, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 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, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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