Electric Vehicles (EV) Market Research, Recent Trends and Growth Forecast 2025
By Market Study Report  Date: 2020-04-30Product ID: 1695124

Electric Vehicles (EV) Market Research, Recent Trends and Growth Forecast 2025

Latest update on Electric Vehicles (EV) Market Analysis report published with an extensive market research, Electric Vehicles (EV) market growth analysis and Projection by – 2025. this report is highly predictive as it holds the over all market analysis of topmost companies into the Electric Vehicles (EV) industry. Also Electric Vehicles (EV) Market is Segmented By Product Type (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle, Fuel Cell Electric Vehicle); By Vehicle Type (Two-Wheelers, Passenger Cars, Commercial Vehicles); By Power Source (Stored Electricity, On-Board Electric Generator). With the classified Electric Vehicles (EV) market research based on various growing regions this report provide leading players portfolio along with sales, growth, market share and so on.

The global electric vehicles market is anticipated to reach USD 912 billion by 2026 according to a new study. Electric vehicles are one of the fastest growing mode of transport which have adopted smart technologies. It constitutes of electric buses, cars, trucks, and electric bikes. The market is maturing at a fast rate due to increasing demand, initiatives to expand electric vehicle charging stations, and diverse vehicle models. Large number of consumers have become more familiar with these technologies and the trend is spreading fast across the world economies.

Electric vehicle sales & production has witnessed a tremendously rapid growth due to numerous advanced technological developments. The manufacturing companies have undertaken R&D concerning the design, range, and maintenance of these vehicles. In 2017 ten big companies (Tesla, BAIC, BMW, Volkswagen, Toyota, and five others) had more than 50,000 in annual sales as compared to five such companies in 2016.

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The global electric vehicle industry constitutes of many international and domestics players. Some of the key players include Volkswagen Group, Tesla, BMW, Mercedes, Toyota, BAIC Corporation, General Motors, Ford, and Nissan-Renault-Mitsubishi.

Asia is the most popular region for the growth of electronic vehicles with China as the most significant global player. Other Asian countries such as South Korea and Japan along with China have been major battery providers. Increase demand from India for the electric vehicles has also contributed towards the growth of this regional market. However, the global industry is also subjected to some restraints such as high product price. Electric vehicles are highly priced and are not affordable by each consumer, especially in the countries with lower economic growth. Moreover, the maintenance of the electric bikes is costly and requires frequent charging and changing of batteries. Some battery related issues also include lead emissions from few batteries and the energy storage systems, are some of the factors restraining the market growth.

Government initiatives to accelerate the shift of their nation's vehicle fleet from combustion to electric drive has led to rapid growth in the sale of the electric vehicles. Some of the actions undertaken in 2018 by the federal and state regulators in this regard include Evolve NY (an electric vehicle expansion initiative in New York), funding opportunities for advanced electric vehicle projects by the U.S. Department of Energy, and rebate programs for EV charging stations in Ohio, U.S. Oil dependence benefits, climate change, and clean air are the most crucial factors for different governments across the world to promote the electric vehicles among consumers. Apart from these factors, one another significant parameter includes economic benefits from manufacturing of the future electric car industry. The automobile manufacturing hubs such as the United States, Germany, and Japan will have much to lose if they do not support the transition to electric vehicles.

Some of the Highlights about Table of Content of Electric Vehicles (EV) Market

1 Electric Vehicles (EV) Market overview

  • Market Introduction
  • Research Objectives
  • Years Considered
  • Electric Vehicles (EV) Market Research Methodology
  • Economic Indicators
  • Currency Considered

2 Executive Summary

  • World Market Overview
  • Global Electric Vehicles (EV) Consumption analysis and forecast
  • Electric Vehicles (EV) Consumption CAGR by Region

3 Market Drivers, Challenges and Trends

  • Electric Vehicles (EV) Market Drivers and Impact
  • Growing Demand from Key Regions
  • Growing Demand from Key Applications and Potential Industries
  • Market Challenges and Impact
  • Electric Vehicles (EV) Market Trends

4 Marketing, Distributors and Customer

  • Sales Channel
  • Direct Channels
  • Indirect Channels

5 Key Players Analysis

  • Company Details
  • Main Business Overview
  • Product Benchmarking
  • Recent Developments and Technological Advancement in Electric Vehicles (EV) Market

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