Electric vehicle battery also referred to as traction battery, can either be primary or a secondary rechargeable battery, which is used for the momentum of electric vehicles. An electric vehicle battery is considered as the heart of an electric vehicle and is composed of several small, individual cells arranged in a series/parallel configuration in order to achieve the desired voltage. The electric vehicle utilizes the power stored in the battery pack to supply power to the electric motors and rotate the wheels. These batteries differ from SLI (Starting, Lighting and Ignition) batteries as they are designed to give power over sustained periods of time.

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Several policies and legislation by the federal government for promoting electric vehicles in the United States is a key factor driving the growth of the market in this region. Proposal for a new effort has been made for supporting the advanced technology vehicle adoption by enhancements to tax credits in current law, research and development investments. The ongoing discussions between the federal and national parties related to the rollback of 2025 fuel economy standards along with state authority under the Clean Air Act and the regulatory developments in the country are also some factors fuelling the growth of the electric vehicle battery market in United States. In addition, the consumers are shifting towards electric vehicles owing to the volatile prices of oil in the market. . According to IEA, United States had around 1.1 million electric cars on the road by the end of the year 2018 and accounted for 22% of the global stock of the electric cars at 1.1 million. The American Recovery and Reinvestment Act in 2009 established conversion kits to add the capabilities of electric vehicles into conventionally powered vehicles and also established tax credits for purchasing electric vehicles. Increasing concern for the reduction of greenhouse emissions along with eliminating the need for petroleum are other important factors propelling the growth of electric vehicles, further leading to the growth in the United States electric vehicle battery market. Moreover, Vehicle Technologies Office (VTO) is forming collaborations with national laboratories for reducing the cost, weight and volume of batteries and also improving electric traction drive systems. The batteries will be enhanced by improving lithium-ion electro chemistries, developing modules and cells along with investigating new materials.

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Various notable players operating in the United States electric vehicle battery market include Panasonic Corporation, Tesla Inc., Envision AESC SDI Co. Ltd., BYD Company Limited, LG Chem, Samsung SDI Co. Ltd., General Motors, SK Innovation, Robert Bosch and Toshiba Corporation among others.

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United States electric vehicle battery market is categorized on the basis of battery type, propulsion type, and vehicle type. The battery type market is segmented into lead acid battery, lithium-ion battery, nickel-metal hydride battery and solid state battery. Based on propulsion type, the market is segmented into battery electric vehicle, plug-in hybrid electric vehicle, and hybrid electric vehicle. The vehicle type market is segmented into two-Wheelers, three-wheelers, electric cars and electric buses & trucks.

Key questions answered in this research report:

At what pace is the United States electric vehicle battery market growing? What will be the trend in the growth in the future?
What are the key drivers and restraints in the United States electric vehicle battery market? What will be the impact of drivers and restraints in the future?
at is the various type of batteries used in the electric vehicles in the United States market, and how they are poised to grow?
What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

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