
The Future of Electric Vehicles: Why Composite Battery Enclosures are Revolutionizing the Industry
The global composite EV battery enclosures market is projected to grow at 23.5% annually, reaching US$ 5.0 billion by 2030. Battery Electric Vehicles (BEVs) lead the market due to their eco-friendly advantages and government subsidies, contrasting with Hybrid Electric Vehicles (HEVs). The