North America Electric Vehicle Battery Market Size and Forecast by Propulsion Type, Battery Type, Vehicle Type, and Country: Statistics | 2019-2033

North  America Electric Vehicle Battery Market Outlook

The North America electric vehicle (EV) battery market is undergoing a transformative surge, fuelled by substantial investments, strategic partnerships, and aggressive localization efforts. Major automakers are rapidly scaling up their battery manufacturing and supply capabilities to meet the explosive demand for electric vehicles across the region. General Motors (GM), for instance, is reinforcing its dominance by expanding its Ultium Cells joint venture with LG Energy Solution. GM is not only enhancing its manufacturing footprint but also focusing heavily on battery recycling and second-life applications, which are critical for establishing a sustainable and resilient battery ecosystem. These initiatives position GM at the forefront of North America’s EV revolution, ensuring long-term scalability and supply chain security by sourcing critical materials domestically.

Meanwhile, SK On, a leading South Korean battery manufacturer, has made a landmark move by signing a major supply agreement with Nissan for North American EV battery production. SK On will supply approximately 100 GWh of high-nickel batteries between 2028 and 2033 for Nissan’s next-generation EVs manufactured in Mississippi. This partnership also includes significant investments that will contribute to over 1,700 new jobs across the United States. SK On’s total U.S. battery production is projected to exceed 180 GWh annually once its six facilities are fully operational. This collaboration signifies the deepening integration between automakers and battery producers to create a robust, localized EV battery supply chain within North America.

Among the countries in the region, the United States is clearly dominating the North American EV battery market. The dominance is attributed to massive capital inflows, favourable government policies such as the Inflation Reduction Act (IRA), and a growing ecosystem of gigafactories. Recent developments include GM’s announcement of an expanded $13.5 billion investment plan for EVs and batteries by 2030, Ford’s partnership with SK Innovation for BlueOval SK Battery Park in Tennessee and Kentucky, and Tesla’s continued expansion of its Gigafactory Texas. These investments are significantly boosting domestic battery production capacity, reducing reliance on imports, and making the U.S. the undisputed leader in EV battery innovation within the region.

In conclusion, the North America electric vehicle battery market is experiencing unprecedented growth, driven by strong public-private collaborations, strategic localization efforts, and technological innovations. From GM’s emphasis on sustainable battery practices to SK On’s transformative supply agreement with Nissan, the region is well on its way to becoming a global powerhouse in EV battery production. With the United States spearheading this growth through record investments and policy support, North America's EV battery future appears exceptionally promising.

North America Electric Vehicle Battery Market Scope