The major factors driving the Electric Vehicle Battery Market include decreasing battery prices, increasing investment by leading automotive OEMs to secure the battery supply chain for their future electric vehicles, and increasing adoption of EVs worldwide. Potential safety issues in EV batteries are a major challenge for the growth of the EV batteries market. Electric vehicle batteries are used to power the electric motors of battery electric vehicles (BEV) or hybrid electric vehicles (HEV). EV batteries are made up of numerous cells put into a frame to provide protection from external shocks, such as heat or vibration called modules.