Market Research Engine has published a new report titled as “Electric Vehicle Market Size by Type (Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV), Plug-in Hybrid Electric Vehicles (PHEV)), By Vehicle Class (Mid-Priced, Luxury), By Vehicle Type (Two-wheelers, Passenger Cars, Commercial Vehicles), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2021-2027.”
The Electric Vehicle Market is expected to be around US$ 802.81 Billion by 2027 at a CAGR of 22.6% in the given forecast period.
Browse Full Report: https://www.marketresearchengine.com/electric-vehicle-market
An electric vehicle works on electricity unlike its counterpart, which runs on fuel. Instead of internal combustion engine, these vehicles run on an electric motor that needs constant supply of energy from batteries. There is a variation of batteries used in these vehicles. These contain zinc-air, various nickel-based designs, lithium ion, and molten salt. Electric vehicles were primarily designed to swap conventional ways of travel as they lead to environmental pollution. Electric vehicles have increased popularity owing to many technological advancements. The electric vehicle outperforms the conventional vehicle providing higher fuel economy, low carbon emission & maintenance, convenience of charging at home, smoother drive, and reduced sound from engine. Electric vehicles usage one or more than one electric motors or traction motors for propulsion. The electric vehicles are powered either by a gatherer system through power from charged by self-charging devices or can be charging station deployments such as turbochargers and regenerative braking systems. Features such as development in demand for fuel-efficient, high-performance, and low-emission vehicles along with regulations and stringent government rules toward vehicle emission supplements the development of the electric vehicle market. Furthermore, features such as high manufacturing cost and low fuel economy and serviceability are the factors expected to hamper the development of the electric vehicle market.
The global Electric Vehicle market is segregated on the basis of Type as Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV), and Plug-in Hybrid Electric Vehicles (PHEV). Based on Vehicle Class the global Electric Vehicle market is segmented in Mid-Priced and Luxury. Based on Vehicle Type the global Electric Vehicle market is segmented in Two-wheelers, Passenger Cars, and Commercial Vehicles.
The global Electric Vehicle market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Electric Vehicle market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Tesla, BMW Group, Nissan Motor Corporation, Toyota Motor Corporation, Volkswagen AG, General Motors, Daimler AG, Energica Motor Company S.p.A., BYD Company Motors, Ford Motor Company, and others are among the major players in the global Electric Vehicle market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Electric Vehicle Market has been segmented as below:
Electric Vehicle Market, By Type
- Battery Electric Vehicles (BEV)
- Hybrid Electric Vehicles (HEV)
- Plug-in Hybrid Electric Vehicles (PHEV)
Electric Vehicle Market, By Vehicle Class
Electric Vehicle Market, By Vehicle Type
- Passenger Cars
- Commercial Vehicles
Electric Vehicle Market, By Region
- North America
- Rest of the World
Electric Vehicle Market, By Company
- BMW Group
- Nissan Motor Corporation
- Toyota Motor Corporation
- Volkswagen AG
- General Motors
- Daimler AG
- Energica Motor Company S.p.A.
- BYD Company Motors
- Ford Motor Company
The report covers:
- Global Electric Vehicle market sizes from 2021 to 2027, along with CAGR for 2021-2026
- Market size comparison for 2021 vs 2027, with actual data for 2021, estimates for 2020 and forecast from 2021 to 2027
- Global Electric Vehicle market trends, covering comprehensive range of consumer trends & manufacturer trends
- Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Electric Vehicle market
- Major market opportunities and challenges in forecast timeframe to be focused
- Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
- Comprehensive company profiles of the key industry players
The global Electric Vehicle market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Electric Vehicle market share. Major industry players with significant revenue share include Tesla, BMW Group, Nissan Motor Corporation, Toyota Motor Corporation, Volkswagen AG, General Motors, Daimler AG, Energica Motor Company S.p.A., BYD Company Motors, Ford Motor Company, and others.
Reasons to Buy this Report:
- Gain detailed insights on the Electric Vehicle industry trends
- Find complete analysis on the market status
- Identify the Electric Vehicle market opportunities and growth segments
- Analyse competitive dynamics by evaluating business segments & product portfolios
- Facilitate strategy planning and industry dynamics to enhance decision making
Customized report as per the requirement can be offered with appropriate recommendations
Request Sample Report from here: https://www.marketresearchengine.com/electric-vehicle-market
Table of Contents:
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Electric Vehicle Market, By Type
6. Electric Vehicle Market, By Vehicle Class
7. Electric Vehicle Market, By Vehicle Type
8. Competitive Landscape
9. Company Profiles
9.2 BMW Group
9.2.1 Company Overview
9.3 Nissan Motor Corporation
9.4 Toyota Motor Corporation
9.5 Volkswagen AG
9.6 General Motors
9.7 Daimler AG
9.8 Energica Motor Company S.p.A.
9.9 BYD Company Motors
9.10 Ford Motor Company
Market Research Engine is a global market research and consulting organization. We provide market intelligence in emerging, niche technologies and markets. Our market analysis powered by rigorous methodology and quality metrics provide information and forecasts across emerging markets, emerging technologies and emerging business models. Our deep focus on industry verticals and country reports help our clients to identify opportunities and develop business strategies.
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