The global electric vehicle lithium-ion battery market size was approximately USD 55.50 Billion in 2025. The market is assessed to grow at a CAGR of 22.70% between 2026 and 2035, reaching a value of USD 429.28 Billion by 2035.
Base Year
Historical Period
Forecast Period
In 2022, demand for automotive lithium-ion batteries surged to 550 GWh, a 65% increase from the previous year's 330 GWh. This was driven by a 55% rise in new registrations of electric passenger cars.
In the year 2022, electric vehicle batteries accounted for approximately 60% of lithium demand, 30% of cobalt demand, and 10% of nickel demand.
The demand for sustainable solutions has driven sales of electric vehicles with efficient lithium-ion batteries.
Compound Annual Growth Rate
22.7%
Value in USD Billion
2026-2035
*this image is indicative*
| Global Electric Vehicle Lithium-Ion Battery Market Report Summary | Description | Value |
| Base Year | USD Billion | 2025 |
| Historical Period | USD Billion | 2019-2025 |
| Forecast Period | USD Billion | 2026-2035 |
| Market Size 2025 | USD Billion | 55.50 |
| Market Size 2035 | USD Billion | 429.28 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 22.70% |
| CAGR 2026-2035 - Market by Region | Europe | 23.8% |
| CAGR 2026-2035 - Market by Country | India | 27.8% |
| CAGR 2026-2035 - Market by Country | China | 25.1% |
| CAGR 2026-2035 - Market by Battery Capacity | More than 500 kWh | 28.9% |
| CAGR 2026-2035 - Market by Vehicle | Passenger Car | 26.4% |
| Market Share by Country 2025 | France | 4.9% |
Recent discoveries of lithium reserves in the USA and India favour the market, helping meet the rising demand for EV batteries. Though lithium mining from clay and hard rock is a challenging process, it is expected to reduce the prices of batteries as lithium processing and refining plants grow in number.
Electric vehicles with a battery capacity of less than 100kWh permit people to travel long distances without suffering from range anxiety. This makes them considerably popular as they reduce the need for regular charging and are extremely suitable for use by city commuters and urban settlers. Hyundai Kona Electric, Tesla Model Y, Lucid Air Pure and Touring, Tesla Model 3, and Hyundai Ioniq 6, are among the latest electric vehicle models with a battery capacity of less than 100kWh that is gaining momentum on the roads of urban cities across the world.
According to the electric vehicle lithium-ion battery market analysis, the Asia Pacific is expected to account for a significant share of the market. In China, lithium mining and refining is done on a large scale to make electric vehicle batteries, making up as much as 70% of the global lithium-ion battery production. South Korea, Japan, and Australia also rank among the top ten countries for producing lithium-ion batteries, contributing nearly 5% to the globe’s production. This makes the Asia Pacific an important centre for lithium-ion battery production.
Europe produces 9% of the total lithium-ion batteries in the world and is another important contributor to the electric vehicle lithium-ion battery market growth. The region is witnessing a surge in adoption of electric mobility and increasing vehicle electrification in order to achieve its net zero emission targets. Most of its production facilities for lithium-ion batteries are concentrated in Hungary, Poland, Germany, Sweden, and the UK.
"Global Electric Vehicle Lithium-Ion Battery Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments:
Market Breakup by Battery Capacity
Market Breakup by Propulsion
Market Breakup by Vehicle
Market Breakup by Region
| CAGR 2026-2035 - Market by | Country |
| India | 27.8% |
| China | 25.1% |
| UK | 20.8% |
| USA | 20.2% |
| Germany | 18.7% |
| Canada | XX% |
| France | XX% |
| Italy | XX% |
| Japan | 15.6% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
The market players are increasingly focusing on the production of electric vehicles with efficient lithium-ion batteries and are also improving their battery production capabilities to meet the rising global demand.
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In 2025, the market reached an approximate value of USD 55.50 Billion.
The market is estimated to grow at a CAGR of 22.70% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach a value of around USD 429.28 Billion by 2035.
The market is driven by the growing use of lithium-ion batteries due to their benefits like good weight to power ratio, high energy efficiency, and better life cycle.
The key trends aiding the market expansion include the discovery of lithium reserves around the world, increasing research and development around battery technologies, and an increase in the sales of electric vehicles.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
On the basis of battery range, the market can be segmented into less than 100kWh, 100-300kWh, 300-500 kWh, and more than 500 kWh.
The major players in the market are Contemporary Amperex Technology Co., Limited (CATL), Panasonic Corporation, LG Electronics, Samsung Electronics Co. Ltd., BYD Motors Inc., SK Innovation Co, CALB Group Co., Ltd, Mitsubishi Electric Corporation, and Grinntech Motors & Services Pvt. Ltd., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Battery Capacity |
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| Breakup by Propulsion |
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| Breakup by Vehicle |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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