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Electric Vehicle (EV) Battery Packs in the US Procurement Price, Data and Insights
Electric vehicle (EV) battery packs are a series of connected battery cells that are integrated into vehicles to provide energy. Typical suppliers are battery suppliers that provide lithium-ion battery cells, electrical vehicle manufacturers, and component manufacturers. Typical buyers include EV manufacturers and businesses that require EV battery replacements.
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What’s included in this market coverage
IBISWorld's research coverage on the Electric Vehicle (EV) Battery Packs procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Electric Vehicle (EV) Battery Packs market in the United States includes High-Capacity Battery Packs, Fast-Charging Packs, Second-Life and Recycle Programs, Integrated Battery Management Systems (BMS) and Commercial EV Battery Packs. Standard coding in this coverage includes HS-850760-Electric Accumulators; Lithium-Ion, Including Separators, Whether Or Not Rectangular (Including Square), ISIC-272-Manufacture of batteries and accumulators, NACE-27.20-Manufacture Of Batteries And Accumulators, NAICS-335910-Battery manufacturing and UNSPSC-26111708-Nickel iron batteries.
What common market terminology is included?
Common market terminology included in the Electric Vehicle (EV) Battery Packs procurement coverage includes Lead-Acid Battery (The original type of rechargeable battery. This battery is favored for motor vehicles due to its high power-to-weight ratio and low production cost.), Battery Case (Also known as a jar, this is the exterior casing that holds the battery together.), Self-Discharge Rate (The rate that the battery depreciates due to non-usage, often known as the shelf life of the battery.) and Energy Density (The amount of energy that can be stored in a given volume or weight of battery cells. Higher energy density allows for longer driving range.).
What companies are included as top suppliers?
The top companies covered in the Electric Vehicle (EV) Battery Packs procurement report as suppliers are BYD Company Limited, Samsung Electronics Co Ltd, Johnson Controls International Plc, Panasonic Corp and LG Electronics Inc..
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Electric Vehicle (EV) Battery Packs market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per kWh, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Electric Vehicle (EV) Battery Packs market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Electric Vehicle (EV) Battery Packs procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Electric Vehicle (EV) Battery Packs market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Electric Vehicle (EV) Battery Packs market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Electric Vehicle (EV) Battery Packs?
The 2026 benchmark market price for Electric Vehicle (EV) Battery Packs is $124 per kWh. Prices have declined at a CAGR of -2.79 from 2023-26.
Who are the top vendors in the Electric Vehicle (EV) Battery Packs market?
The top vendors in the Electric Vehicle (EV) Battery Packs market include BYD Company Limited, Samsung Electronics Co Ltd, Johnson Controls International Plc, Panasonic Corp and LG Electronics Inc..
What industries supply the Electric Vehicle (EV) Battery Packs market?
The top industries supplying the Electric Vehicle (EV) Battery Packs market are Ferrous Metal Foundry Products in the US, Steel Rolling & Drawing in the US, Metal Stamping & Forging in the US, Iron & Steel Manufacturing in the US, Nonferrous Metal Refining in the US, Mining in the US, Plastic & Resin Manufacturing in the US and Petrochemical Manufacturing in the US.
What is the supply chain risk for Electric Vehicle (EV) Battery Packs?
High market share concentration increases supplier power. The EV battery pack market is dominated by a small group of large global manufacturers with significant control over capacity, technology, and pricing. This high concentration increases supplier bargaining power, leaving buyers with limited room to negotiate terms, particularly for high-performance packs. Automakers and fleet operators often face dependency risks when sourcing from a narrow vendor base, which can limit flexibility and raise long-term costs. Buyers must mitigate this by diversifying supply across multiple global or regional players, exploring joint ventures, or investing in in-house battery development.
What factors affect the price of Electric Vehicle (EV) Battery Packs?
Demand for EV battery packs is driven by the growing adoption of electric vehicles, supported by government incentives, environmental awareness, and technological advancements. As demand fluctuates, prices adjust, with rising demand often leading to price increases, while decreased demand can prompt price reductions to clear inventory.
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