Traction Battery Market Growth Points to US$145.02 Billion...

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2026-09-02 10:57:15 -

Traction Battery Market Growth Points to US$145.02 Billion Opportunity by 2028

Market Overview and Growth Outlook A 21.1% CAGR defines the traction battery market forecast for 2023-2028. From an estimated US$45.87 billion in 2022, the market is expected to reach US$145.02 billion by 2028. The traction battery market is expected to grow at a CAGR of 21.1% during 2023-2028, supported primarily by increasing electric-vehicle adoption. The demand mechanism is direct: electric...

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