UK EV Battery Pack Market Demand 2024, Growth Analysis, Size, Share and Report By 2032
EV Battery Pack Market in UK 2024: How Big is the UK EV Battery Pack Industry? The UK EV battery pack market size reached USD 1.4 Billion in 2023 . Looking forward, IMARC Group expects the market to reach USD 4.2 Billion by 2032 , exhibiting a growth rate (CAGR) of 13.20% during 2024-2032. Market Statistics Base Year: 2023 Historical Years: 2018-2023 Forecast Years: 2024-2032 Market Size in 2023 : USD 1.4 Billion Market Size in 2032 : USD 4.2 Billion Market Growth Rate (CAGR) 2024-2032: 13.20% UK EV Battery Pack Market Trends and Drivers: The UK EV battery pack market is heavily driven by the steep rise in electric vehicle (EV) adoption, spurred by carbon emission-reducing policy from the government and promoting green mobility. The UK government is planning to ban the sale of new petrol and diesel cars by 2030, propelling the shift to electric mobility at a very fast rate. This change ...