The development of new batteries for electric cars is poised to boost electric vehicle battery market growth over the coming years. The market has witnessed a high preference for lithium-nickel-manganese-cobalt aluminium oxide (NMCA) alloys owing to their longer lifecycle and better energy density, which is expected to open new revenue opportunities for manufacturers engaged in producing electric vehicle batteries.
Short Term (2022 Q2 to 2025): Rising demand for electric vehicles to fuel electric vehicle battery demand in the short term.
https://www.factmr.com/report/....us-electric-vehicle-
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