RCS - Informa Markets - The Battery Show Europe Comment on European Market

MicrosoftAnnouncement

22/05/2023 08:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230522:nRSV9576Za&default-theme=true

RNS Number : 9576Z  Informa Markets Engineering PR  22 May 2023

The Battery Show Europe Comments on Booming European Battery Market Driven by
Electric Vehicles

Informa Markets Engineering, Rob Shelton Director of The Battery Show Europe
adds perspective to future of European Battery and EV Market as EU is poised
to continue to lead international efforts in battery tech

STUTTGART, GERMANY / ACCESSWIRE / May 18, 2023 / The Battery market is
currently one of the largest growing industries in Europe, largely due to the
increase in spending on electric vehicles, valued currently at over USD $250
billion. Europe alone is responsible for 2.3 million plug-in electric vehicle
registrations, and in Northern European nations, ECVs made up more than 30
percent of new vehicle sales in 2021. Recently, the battery market has seen
numerous developments, including electric and hybrid vehicles, electric
powertrains for commercial vehicles, and artificial intelligence operating
systems that have all played a large role in making electric and hybrid
vehicles more accessible, safer and more cost efficient.

https://www.accesswire.com/users/newswire/images/755681/batteryshowev.jpg
(https://www.accesswire.com/users/newswire/images/755681/batteryshowev.jpg)

Electric vehicles are expected to maintain steady growth as consumers
prioritize electric and hybrid vehicle purchases. What are the benefits
electric vehicles offer? Electric vehicles benefit both consumers and
manufacturers. For example, offering electric vehicle charging infrastructure
and transitioning fleets to EVs provide businesses with a credible role in
reducing global greenhouse gas emissions and inspiring wider EV adoption. Most
beneficial to the consumer, the maintenance and charging costs are typically
lower on EVs, and fully electric powertrains have fewer moving parts than
traditional internal combustion engines, so they require less maintenance and
no oil changes.

"In the fast lane of innovation, Europe's electric vehicle industry is leading
the charge, propelling us towards a sustainable future. With a potent
combination of visionary policies, relentless technological advancements, and
a critical keenness to environmental consciousness, electric vehicles are
poised to not just succeed, but thrive in Europe," says Rob Shelton, Event
Director, Battery Show Europe.

There is a growing awareness among consumers about the need to reduce carbon
emissions, and electric vehicles are seen as a more environmentally friendly
alternative to traditional petrol and diesel vehicles. The infrastructure for
electric vehicles has been expanding rapidly in recent years, with more
charging stations being installed across cities and highways. This has made it
easier and more convenient for people to own and use electric vehicles.
Finally, the availability and affordability of electric vehicles have also
improved, with more models now available at lower prices, making them a more
attractive option for consumers.

The Battery Show Europe (https://pr.report/bqBYH3vU) will discuss many of the
topics surrounding electric vehicles at the upcoming expo, May 23-25 in
Stuttgart, Germany. Live product showcases from Siemens, Donaldson, DuPont,
Henkel and Dow, along with the new Open Tech Forum will also provide real-life
examples of the technology advancing the industry, and provide answers to
questions regarding new technologies, processes and developments. Conference
passes and Pre-Conference Workshops are quickly selling out as the industry
plans to gather for networking and education.

The battery market is expected to continue growing in Europe as well as the
United States and Asia. The Battery Show Europe will continue to follow the
trends of the industry and provide the most up to date information.

About The Battery Show:

The Battery Show is the largest and most comprehensive advanced battery
technology event, co-located with Electric & Hybrid Vehicle Technology
Expo, the only trade show and conference exclusively dedicated to advanced
battery and the electric and hybrid vehicle drivetrain. Visitors to our shows
can discover and demo the latest products, technology, and solutions from more
than 770+ suppliers, network with nearly 10,000+ attendees and access a
breadth of education across multiple tracks and technical sessions. The
Battery Show is organized by Informa Markets Engineering with a regional
market focus on Battery Show Europe in Stuttgart, Germany and launching in
2023 first-ever edition of The Battery Show India, taking place at the India
Expo Centre, Greater Noida.

Along with The Battery Show North America in Novi, Michigan, all 3 trade shows
take place annually to bring together engineers, business leaders, industry
leading brands and innovative thinkers to discover ground-breaking products
and create powerful solutions for the future. Connect with The Battery Show
and join the conversation on Facebook, (https://pr.report/Kv6ksuV3) LinkedIn
(https://pr.report/yE7DpKFw) and Twitter (https://pr.report/Z2qiXw6b) . The
Battery Show is supported by its official media partner Battery Technology
Online (https://pr.report/7xTr4UBg) . The Battery Show North America and the
Battery Show Europe were both 2022 AEO Excellence Award finalists and North
America was a winner of TSE's Gold 100 Award in 2019 and a finalist in 2023.

About Informa Markets - Engineering:

Informa Markets' Engineering portfolio is the leading B2B event producer,
publisher, and digital media business for the world's $3-trillion advanced,
technology-based manufacturing industry. Our print and electronic products
deliver trusted information to the engineering market and leverage our
proprietary 1.3-million-name database to connect suppliers with buyers and
purchase influencers. We produce more than 50 events and conferences in a
dozen countries, connecting manufacturing professionals from around the globe.
The Engineering portfolio is organized by Informa Markets, a subsidiary of
Informa plc (LON:INF), the world's leading exhibitions organizer that brings a
diverse range of specialist markets to life, unlocking opportunities and
helping them to thrive 365 days of the year. For more information, please
visit www.informamarkets.com (https://pr.report/p1yFQMjR) .

 

 

Media Contact:

Abby Portwood

Informa Markets Engineering PR
PR.IME@informa.com (mailto:PR.IME@informa.com)

SOURCE: INFORMA MARKETS - ENGINEERING

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAVVLFFXELEBBZ