The Global Solid-State Battery For Electric Vehicle Market was valued at USD 147.4 million in 2024 and is estimated to grow at a CAGR of 51.4% to reach USD 17.2 billion by 2034.
Concerns over thermal runaway, fire hazards, and the inherent limitations of conventional liquid-electrolyte lithium-ion batteries are pushing automakers to explore safer, more stable battery chemistries. Solid-state batteries eliminate flammable electrolytes, offer superior thermal stability, and perform reliably under extreme temperatures. With governments tightening battery safety regulations and manufacturers focusing on risk mitigation, the demand for robust, crash-resistant battery packs is surging. Automakers are investing heavily in advanced battery technologies to extend driving range without adding extra weight to vehicles. Solid-state batteries provide higher energy density, thinner cell structures, and faster charging, driving pilot production lines and strategic supply partnerships. The push toward lightweight, long-range EVs is accelerating commercialization, while governments in the US, Europe, China, Japan, and South Korea are investing billions in research, development, and production, providing incentives that reduce risks for startups and established manufacturers.
The semi-solid-state segment held a 55% share in 2024 and is projected to grow at a 50% CAGR from 2025 to 2034. Semi-solid-state batteries bridge conventional liquid-electrolyte lithium-ion cells with fully solid-state designs, enhancing safety and energy density while remaining compatible with current manufacturing infrastructure. This approach reduces production costs, shortens timelines, and allows automakers to introduce next-generation battery performance faster, accelerating adoption in mid-range and premium EVs.
The passenger cars segment held a 76% share in 2024 and is expected to grow at a CAGR of 51% from 2025 to 2034. Customers increasingly expect EVs to deliver extended ranges without frequent charging. Solid-state batteries enable ranges exceeding 700 to 1,000 km per charge, alleviating range anxiety and boosting consumer adoption of compact, mid-size, and premium EVs equipped with these advanced battery systems.
US Solid-State Battery for Electric Vehicle Market held an 86% share, generating USD 49.7 million in 2024. Government initiatives like the IRA and ARPA-E are driving investment in electric vehicle adoption and battery innovation, supporting large-scale research, development, and manufacturing of solid-state batteries. These programs are enabling a swift transition to safer, higher-performance EV battery technologies.
Key players in the Solid-State Battery for Electric Vehicle Market include NIO, LG Energy Solution, Solid Power, BYD, CATL, Toyota, Gotion High-Tech, Enovix, Samsung SDI, and Nissan. Companies in the Solid-State Battery for Electric Vehicle Market are strengthening their position by investing in advanced R&D to enhance energy density, durability, and safety. They are forming strategic collaborations with automakers and material suppliers, establishing pilot production lines, and scaling manufacturing capacity to meet growing demand. Geographic expansion, securing critical raw materials, and leveraging government incentives are also central strategies. Additionally, firms focus on improving battery performance through innovative designs, faster charging solutions, and compact architectures to solidify their competitive advantage in the rapidly evolving EV battery landscape.
This product will be delivered within 2-4 business days.
Concerns over thermal runaway, fire hazards, and the inherent limitations of conventional liquid-electrolyte lithium-ion batteries are pushing automakers to explore safer, more stable battery chemistries. Solid-state batteries eliminate flammable electrolytes, offer superior thermal stability, and perform reliably under extreme temperatures. With governments tightening battery safety regulations and manufacturers focusing on risk mitigation, the demand for robust, crash-resistant battery packs is surging. Automakers are investing heavily in advanced battery technologies to extend driving range without adding extra weight to vehicles. Solid-state batteries provide higher energy density, thinner cell structures, and faster charging, driving pilot production lines and strategic supply partnerships. The push toward lightweight, long-range EVs is accelerating commercialization, while governments in the US, Europe, China, Japan, and South Korea are investing billions in research, development, and production, providing incentives that reduce risks for startups and established manufacturers.
The semi-solid-state segment held a 55% share in 2024 and is projected to grow at a 50% CAGR from 2025 to 2034. Semi-solid-state batteries bridge conventional liquid-electrolyte lithium-ion cells with fully solid-state designs, enhancing safety and energy density while remaining compatible with current manufacturing infrastructure. This approach reduces production costs, shortens timelines, and allows automakers to introduce next-generation battery performance faster, accelerating adoption in mid-range and premium EVs.
The passenger cars segment held a 76% share in 2024 and is expected to grow at a CAGR of 51% from 2025 to 2034. Customers increasingly expect EVs to deliver extended ranges without frequent charging. Solid-state batteries enable ranges exceeding 700 to 1,000 km per charge, alleviating range anxiety and boosting consumer adoption of compact, mid-size, and premium EVs equipped with these advanced battery systems.
US Solid-State Battery for Electric Vehicle Market held an 86% share, generating USD 49.7 million in 2024. Government initiatives like the IRA and ARPA-E are driving investment in electric vehicle adoption and battery innovation, supporting large-scale research, development, and manufacturing of solid-state batteries. These programs are enabling a swift transition to safer, higher-performance EV battery technologies.
Key players in the Solid-State Battery for Electric Vehicle Market include NIO, LG Energy Solution, Solid Power, BYD, CATL, Toyota, Gotion High-Tech, Enovix, Samsung SDI, and Nissan. Companies in the Solid-State Battery for Electric Vehicle Market are strengthening their position by investing in advanced R&D to enhance energy density, durability, and safety. They are forming strategic collaborations with automakers and material suppliers, establishing pilot production lines, and scaling manufacturing capacity to meet growing demand. Geographic expansion, securing critical raw materials, and leveraging government incentives are also central strategies. Additionally, firms focus on improving battery performance through innovative designs, faster charging solutions, and compact architectures to solidify their competitive advantage in the rapidly evolving EV battery landscape.
Comprehensive Market Analysis and Forecast
- Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape
- Competitive landscape with Porter’s Five Forces and PESTEL analysis
- Market size, segmentation, and regional forecasts
- In-depth company profiles, business strategies, financial insights, and SWOT analysis
This product will be delivered within 2-4 business days.
Table of Contents
Chapter 1 Methodology
Chapter 2 Executive Summary
Chapter 3 Industry Insights
Chapter 4 Competitive Landscape, 2024
Chapter 5 Market Estimates & Forecast, by Material, 2021-2034 ($Bn, Units)
Chapter 6 Market Estimates & Forecast, by Propulsion, 2021-2034 ($Bn, Units)
Chapter 7 Market Estimates & Forecast, by Application Stage, 2021-2034 ($Bn, Units)
Chapter 8 Market Estimates & Forecast, by Technology, 2021-2034 ($Bn, Units, Fleet Size)
Chapter 9 Market Estimates & Forecast, by Vehicle, 2021-2034 ($Bn, Units)
Chapter 10 Market Estimates & Forecast, by Region, 2021-2034 ($Bn, Units)
Chapter 11 Company Profiles
Companies Mentioned
The companies profiled in this Solid-State Battery for Electric Vehicle market report include:- BYD Company Limited
- CATL
- Factorial Energy
- Ganfeng Lithium
- General Motors
- Ilika plc
- LG Energy
- Panasonic Corporation
- PolyPlus Battery Company
- QuantumScape Corporation
- SAFT
- Samsung SDI
- SK Innovation
- Solid Power
- Toyota Motor Corporation
- Volkswagen Group
- Blue Solutions
- CALB
- EVE Energy
- Farasis Energy
- Gotion High-Tech
- Hyundai Motor Group
- Narada Power Source
- Nissan Motor
- ProLogium Technology
- Sakuu Corporation
- Sunwoda Electronic
- Svolt Energy Technology
- WeLion New Energy Technology
- Factorial Energy
- Ilika plc
- InoBat
- PolyPlus Battery Company
- Sakuu Corporation
- WeLion New Energy Technology
