The high cost of EVs is expected to affect the uptake of batteries negatively. Gaps in demand and supply of essential raw materials like cobalt and a dearth of charging infrastructure are expected to limit the market growth.

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Electric Vehicle Battery Market set to hit worth of 21,258.4 Million at CAGR of 8.5% during period 2023 to 2033 | Data analysis by Future Market Insights, Inc.

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