The world of automotives is undergoing a massive change, with several factors rolling in to form a new need of the hour — the electric vehicle. After all, the shift toward clean energy and high-powered vehicles is a matter of evolution for the expanding automotive market, which has created a new space for investors to look into.
The vital component that powers these cars is undoubtedly at the forefront for gains from the rising trend of electric vehicles in the United States and abroad. Therefore, investors who seek to consider a new arena for investments in the future can look into the global automotive battery market.
The Automotive Battery Market Shows Promising Growth
As per the report published by Fior Markets, the global automotive battery market is expected to reach $49.05 billion in 2017 to $85.41 billion by 2025, at a CAGR of 7.02%.
As more automotive companies are flexing