Electric Vehicle Market Latest Industry Scenario, Industry Status and Share, Trends, Restrain & Future Forecast 2027
Category: #reports  By Sachin Pashte  Date: 2020-03-20
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Electric Vehicle Market Latest Industry Scenario, Industry Status and Share, Trends, Restrain & Future Forecast 2027

The global electric vehicle market is expected to progress at 20.95% of CAGR over the forecasting period of 2019 to 2027. Some of the factors that are responsible for driving the electric vehicle market are attractive government policies to advertise the use of electric vehicles, cost-effectiveness of electric vehicles over their oil and gas counterparts, greenhouse gas emissions and increasing per capita income.

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The major challenges faced by the electric vehicle market globally are the performance issues and lack of public awareness. The increase in the production capacities of lithium-ion battery, government proposals to control greenhouse gases and increased research & development expenditure are some of the top development factors for electric vehicles market.

The global electric vehicle market is segmented on the basis of vehicle type, power source and technology. The vehicle type segment is divided into commercial vehicles, passenger cars, two-wheelers and other vehicles. The power source segment consists of stored electricity and onboard electricity generator. The technology segment is further classified into hybrid electric vehicle, battery electric vehicle, and plug-in hybrid electric vehicle.

Regional Outlook

North America, Europe, Asia-Pacific and rest of the world are the regions mentioned in the global electric vehicle market. The Asia Pacific leads the global electric vehicle market, accounting for the largest market share and is also the fastest growing region over the forecasting years. The market is growing rapidly, owing to the governments’ initiative to the adoption of electric vehicles due to the continuous rise in the CO2 emissions.

Competitive Outlook

Top companies in the market include Bayerische Motoren Werke AG, Ford Motor Company, Nissan Motor Co., Ltd., Fiat Chrysler Automobiles N.V, BYD Company Ltd., Toyota Industries Corporation, Groupe PSA, Hyundai Motor, Honda Motor Company, General Motors Company, Volkswagen AG, Daimler AG, Tesla Motors, Inc., Zhejiang Geely Holding Group, and Mitsubishi. The detailed information of these companies, along with its market share position is provided in the report.

More Details on this Report At: https://www.marketstudyreport.com/reports/global-electric-vehicle-market-2019-2027?utm_source=marketforecasters&utm_medium=TS  

Table Of Content

1. Electric Vehicle Market - Summary

2. Industry Outlook

3. Electric Vehicle Industry Outlook – By Vehicle Type

3.1. Commercial Vehicles

3.2. Passenger Cars

3.3. Two Wheelers

3.4. Other Vehicles

4. Electric Vehicle Industry Outlook -By Power Source

4.1. Stored Electricity

4.2. On Board Electricity Generator

5. Electric Vehicle Industry Outlook -By Technology

5.1. Hybrid Electric Vehicle

5.2. Battery Electrical Vehicles

5.3. Plug-In Hybrid Electrical Vehicle

6. Electric Vehicle Industry - Regional Outlook

7. Competitive Landscape

8. Methodology & Scope

 

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About Author

Sachin Pashte

Email: [email protected]   

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

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