Global Electric Vehicle Market – Industry Analysis and Forecast (2017-2026) _ by Type (Battery Electric Vehicle, Hybrid Electric Vehicle and Plug-In Hybrid Electric Vehicle), by Vehicle Type (Two Wheeler, Passenger Car and Commercial Vehicle), and by Geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America)
Electric Vehicle Market valued USD 122.38 Billion in 2017 and expected to reach USD 551.16 Billion by 2026, at a CAGR of 18.2%.
For detailed report description and table of content click Electric Vehicle Market – Industry Analysis and Forecast (2017-2026)
Global Electric Vehicle Market are working on batteries via electric motors in order to transport machines for passengers as well as goods. Electric vehicles are powered either by a collector system through electricity from charging station deployments or can be charged by self-charging devices such as regenerative braking systems, turbochargers, etc. Globally, the new registrations of electric cars increased by 75% from 2016 to 2017. Tesla Motors, Inc. have added Model S, introduced on June 22, 2012, the fastest electric car to the global automotive fleet and propelled the market to the next level.
The crucial factors for rise in Global Electric Vehicle Market worldwide are the initiatives taken by various governments in recent period to reduce carbon emission by setting the exact deadlines to ban the petrol and diesel vehicles.
1. UK has decided to have six central streets restricted access to non-zero emissions cars Zero Emissions Zone (ZEZ) from 2020 and this will expand to the entire U.K. region between 2025 and 2040
2. “Indian government is planning to become a 100 percent electric vehicle nation within 14 years” – Piyush Goyal (India’s Power Minister)
3. Paris to ban all petrol and diesel cars by 2030 – Christophe Najdovski (transport official of Paris City)
Report includes assessment of Global Electric Vehicle Market definition along with the identification of key players and analysis of their strategies, complete quantitative analysis of the industry from 2016 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities, market analysis and comprehensive segmentation with respect to the on type, vehicle type, and geography to assist in strategic business planning.
Government regulations to reduce the amount of greenhouse gases emitted by vehicles, high fuel efficiency offered by the electric vehicles and soundless operation of the Global Electric Vehicle Market are trending the overall Electric Vehicle market. However, Global Electric Vehicle Market provide excellent torque at low speeds but its performance drops at higher speed in comparison with conventional vehicles, this difference in performance will restrain the market growth.
APAC is expected to emerge as one of the highest growth region in the Electric Vehicle Market during forecast period
APAC is expected to register highest growth rate in the Electric Vehicle Market during the forecast period. In Asia-Pacific region China is expected to register the highest growth. Asian manufacturers such as Toyota and Hyundai are among the pioneer companies in this Global Electric Vehicle Market and leading market players from all over the globe have focused on expanding their business operations in the fast-growing emerging countries like India and China are the reasons behind this increased growth in APAC region.
Scope of the Report:
Global Electric Vehicle Market, By Type: Battery Electric Vehicle, Hybrid Electric Vehicle and Plug-In Hybrid Electric Vehicle
Global Electric Vehicle Market, By Vehicle Type: Two Wheeler, Passenger Car and Commercial Vehicle
Global Electric Vehicle Market, By Geography: North America, Europe, Asia Pacific, Middle East, Africa and Latin America
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