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US Electric Vehicle Battery Market Size, Share and Forecast 2019-2025

US Electric Vehicle Battery Market Size, Share and Forecast 2019-2025

Submitted by • May 30, 2020 www.omrglobal.com

The US electric vehicle battery market is estimated to grow at a CAGR of over 11.0% during the forecast period. The increasing adoption of the electric vehicle in the US owing to the growing demand for the zero-emission vehicles coupled with the cohesive government subsidies for the purchase of electric vehicles is the key aspect to promote the growth electric vehicle battery market in the US. For instance, the US federal government had initiated a tax credit for plug-in electric vehicles purchased after December 2009.

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Voted by mansi3210

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