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Electric Vehicle Battery on Demand Market to Witness Exponential Growth by 2031 Date: March 3, 2022 Author: Tech News
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Electric Vehicle Battery on Demand: An electric vehicle battery powers the electric motors of a battery electric vehicle battery on demand market or hybrid electric vehicle. These batteries are usually rechargeable batteries, and are typically lithium-ion batteries. Batteries for electric vehicles are characterized by their relatively high power-to-weight ratio, speci c energy, and energy density; smaller, lighter batteries are desirable because they reduce the weight of the vehicle and therefore, improve its performance. Hybrid vehicles utilize nickel metal hydride batteries, while Li-ion batteries have been the primary solution for automakers to power hybrid vehicles and battery electric vehicles. High energy density charge retention capacity, and low maintenance are some bene ts that fueled the demand for Li-ion as a battery technology.