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Global Electric Vehicle Battery Sales (in Millions)

October, 2024

Electric Vehicle Battery Coolant Market

Electric Vehicle Battery Coolant Market

The electric vehicle battery coolant market sales are experiencing significant growth due to the rising demand for electric vehicles and the increasing need for thermal management solutions as the battery dissipates heat in every cycle. The government further supports the adoption of electric vehicles by providing subsidies and other benefits and discounts while purchasing EVs. Battery coolant plays a crucial role since it directly affects the lifecycle of the EV and its components; in short, batteries are the heart of the EVS and must be healthy in the long run. 

The global sales of EVs in 2023 stood at 10.6 million, a 13% rise compared to the previous year. The growth in EVs is directly proportional to the sales of batteries, highlighting the significance of innovative and advanced batteries and coolant solutions for them. 

  • Globally, 95% of EV s battery sales recorded in 2023 owing to the sales of the EVs 
  • Europe and the US are witnessing the fastest growth rate in the sales of EVs market. 
  • In the rest of the world, battery demand jumped up to 70% compared to 2023.

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