EV Solid State Battery Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global EV Solid-State Battery Manufacturers and the market is segmented by Vehicle Type (Passenger Cars and Commercial Vehicles), Propulsion (Plug-in Hybrid Electric Vehicle, Hybrid Electric Vehicle, and Battery Electric Vehicle), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The market size and forecasts are provided in terms of value (USD billion) for the above-mentioned segments.

EV Solid State Battery Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

EV Solid State Battery Market Size

EV Solid-state Battery Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 0.26 Billion
Market Size (2030) USD 1.74 Billion
CAGR (2025 - 2030) 45.90 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration High

Major Players

EV Solid-state Battery Market Major Players

*Disclaimer: Major Players sorted in no particular order

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EV Solid State Battery Market Analysis

The EV Solid-state Battery Market size is estimated at USD 0.26 billion in 2025, and is expected to reach USD 1.74 billion by 2030, at a CAGR of 45.9% during the forecast period (2025-2030).

The COVID-19 pandemic initially had a negative impact on the market as the shutdown of manufacturing units, and lockdowns resulted in a decrease in sales during the first half of 2020. However, eased restrictions coupled with notable initiatives of the government in the form of incentives and relief packages helped the market regain momentum by 2021. Further, the companies are also focusing on investing in new facilities due to the increasing demand in the market. For instance,

In June 2023, In Olen, Belgium, Umicore opened one of the world's largest and most advanced solid-state battery material prototyping labs. The 600-square-meter facility, outfitted with cutting-edge installations and technology, supports the entire chain of solid-state battery research.

Over the medium term, increased demand for fuel-efficient, high-performance, and low-emission vehicles, increasingly strict laws and regulations on vehicle emissions, declining battery costs, etc., are expected to act as primary factors driving the market growth over the forecast period.

As of now, the electric vehicle market is dominated by Toyota Motor Corporation, Tesla Motors Inc., Volkswagen AG, Honda Motor Company Ltd., General Motors Group, Hyundai Kia Automotive Group, etc., with more than 86% of the market share. Further, these companies are expected to be early movers in the solid-state battery market and are likely to remain to hold the larger chunk of the market. For instance, In February 2023, Nissan announced that the company is going to start a pilot project in 2025 to bring its first electric car with a solid-state battery by 2028.

The increasing demand for reducing carbon emissions and developing more advanced battery technology is expected to propel the market growth during the forecast period. For instance,

In June 2023, To improve the range and performance and to cut costs of its electric vehicles, Toyota is planning to introduce high-performance, solid-state batteries and other technologies.

EV Solid State Battery Industry Overview

The EV solid-state battery market is expected to be dominated by Toyota Motor Corporation, Renault Group, Stellantis NV, General Motors, Mitsubishi Motors, Volkswagen AG, Ford Motor Company, Hyundai Group, Samsung SDI, Panasonic, and LG Chem. The companies are focused.

In February 2022, in China, Dongfeng E70 delivered 50 electric sedans for taxis. This vehicle is marked as the first commercially available solid-state battery vehicle.

In January 2022, Nissan, Renault, and Mitsubishi came under a strategic alliance to strengthen their position in the electric vehicle market. In this alliance, Mitsubishi will reinforce marketing, Nissan will develop solid-state battery technology, and Renault will develop electrical and electronics architecture for vehicles.

EV Solid State Battery Market Leaders

  1. Toyota Motor Corporation

  2. Hyundai Group

  3. Renault Group

  4. Samsung SDI Co., Ltd

  5. Volkswagen Ag

  6. *Disclaimer: Major Players sorted in no particular order
EV Solid-state Battery Market Concentration
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EV Solid State Battery Market News

  • June 2023: Basquevolt declared that by the end of 2023, its research and development center will deliver 100% European solid-state battery technology. Since last April, it has been testing its first multilayer cells, indicating that its method can achieve very high energy density (1,000 Wh/L and 450 Wh/kg) while drastically lowering overall battery pack prices.
  • June 2023: ProLogium Technology (PLG) announced that it would debut a new next-generation solid-state battery product named large-footprint lithium ceramic battery (LLCB) at ees Europe (6/13-16) in Munich, Germany. LLCB samples are expected to be sent to European automakers for testing by the end of 2023.
  • June 2023: Toyota Motor Corporation (Toyota) announced that it would install a new onboard battery that doubles cruising range while lowering costs by 20% in next-generation electric cars (EVs) set to be released in 2026. By 2028, three new types of batteries, including bipolar and all-solid-state batteries, will be commercialized.

EV Solid State Battery Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 Increasing Sales of Electric Vehicle is Expected to Drive the Market
  • 4.2 Market Restraints
    • 4.2.1 High Cost of EV Solid-State Battery May Hamper the Growth of the Market
  • 4.3 Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Vehicle Type
    • 5.1.1 Passenger Cars
    • 5.1.2 Commercial Vehicles
  • 5.2 Propulsion
    • 5.2.1 Plug-in Hybrid Electric Vehicle
    • 5.2.2 Hybrid Electric Vehicle
    • 5.2.3 Battery Electric Vehicle
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Rest of North America
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 France
    • 5.3.2.4 Russia
    • 5.3.2.5 Spain
    • 5.3.2.6 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 India
    • 5.3.3.2 China
    • 5.3.3.3 Japan
    • 5.3.3.4 South Korea
    • 5.3.3.5 Rest of Asia-Pacific
    • 5.3.4 Rest of the World
    • 5.3.4.1 South America
    • 5.3.4.2 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 Toyota Motor Corporation
    • 6.2.2 Hyundai Motor Company
    • 6.2.3 Renault Group
    • 6.2.4 Samsung SDI Co. Ltd
    • 6.2.5 Volkswagen AG
    • 6.2.6 Mitsubishi Motors
    • 6.2.7 Ford Motor Company
    • 6.2.8 General Motors
    • 6.2.9 Stellantis NV
    • 6.2.10 LG Chem Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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EV Solid State Battery Industry Segmentation

Batteries made up of solid electrolyte instead of liquid state are solid-state batteries. This technology increases the life span and efficiency and decreases the charging time.

The EV solid-state battery market is segmented by vehicle type (passenger cars and commercial vehicles), propulsion (plug-in hybrid electric vehicle, hybrid electric vehicle, and battery electric vehicle), and geography (North America, Europe, Asia-Pacific, and Rest of the World). 

The report offers market size and forecasts in value (USD) for the above-mentioned segments.

Vehicle Type Passenger Cars
Commercial Vehicles
Propulsion Plug-in Hybrid Electric Vehicle
Hybrid Electric Vehicle
Battery Electric Vehicle
Geography North America United States
Canada
Rest of North America
Europe Germany
United Kingdom
France
Russia
Spain
Rest of Europe
Asia-Pacific India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World South America
Middle-East and Africa
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EV Solid State Battery Market Research FAQs

How big is the EV Solid-state Battery Market?

The EV Solid-state Battery Market size is expected to reach USD 0.26 billion in 2025 and grow at a CAGR of 45.90% to reach USD 1.74 billion by 2030.

What is the current EV Solid-state Battery Market size?

In 2025, the EV Solid-state Battery Market size is expected to reach USD 0.26 billion.

Who are the key players in EV Solid-state Battery Market?

Toyota Motor Corporation, Hyundai Group, Renault Group, Samsung SDI Co., Ltd and Volkswagen Ag are the major companies operating in the EV Solid-state Battery Market.

Which is the fastest growing region in EV Solid-state Battery Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in EV Solid-state Battery Market?

In 2025, the North America accounts for the largest market share in EV Solid-state Battery Market.

What years does this EV Solid-state Battery Market cover, and what was the market size in 2024?

In 2024, the EV Solid-state Battery Market size was estimated at USD 0.14 billion. The report covers the EV Solid-state Battery Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the EV Solid-state Battery Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Solid State Battery Industry Report

Statistics for the 2025 EV Solid-state Battery market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. EV Solid-state Battery analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.