Electric Vehicles Market 2018 Is Estimated to Reach US$ 356.5 Billion and Growing at 18.96% CAGR by 2023

Electric Vehicles Market 2018

Electric Vehicles Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2023. Electric Vehicles Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023

Market research future published a Cooked Research Report Global Electric Vehicle Market that contains the information from 2017 to 2023. The electric vehicles is expected to grow with the CAGR of approximately 18.96% from 2017 to 2023.

Taste the market data and market information presented through more than 100 market data tables and figures spread in 88 numbers of pages of the project report. Avail the in-depth table of content & market synopsis on “Global Electric Vehicles Market Information from 2017 to 2023"

The major players operating in this market includes Nissan Motor Company, Tesla Inc, Toyota Motor Corporation, Ford Motor Company, Volkswagen, BMW, General Motors, Daimler AG, Hyundai Motor Company, Mitsubishi Motors Corporation and among others.

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In the global automotive scenario, electric vehicle sales are ever increasing due to climate change regulations and also as a substitute for gasoline cars. Currently, the powertrains for electric or hybrid vehicles consists of individual components. Electric car are intended to reduce the complexity of the drive and the powertrain and ultimately make them cheaper and more efficient in electric vehicles. Over the past decade, it has been experienced that the prices of crude oil per barrel is increasing very rapidly and also the availability the crude oil is decreasing day by day. Due to these factors, the mind-set of large pool of population is shifting their preference towards electric vehicles. In the last 3 to 4 years, the demand for electric vehicles in the United States is rapidly increasing and seen around 70% of year-over-year growth in the sales. Along with the United States, Norway has also put a step ahead and has shifted more focus towards electric vehicles. As per the market statistics, every third of new car is electric and also the country has the highest proportion of 6.4% worldwide followed by Sweden i.e. 3.4%. The growth of electric vehicles is increasing across the globe and since 2014, the sales have been doubled. As of 2016, near about 777,500 electric vehicles have been sold worldwide.

The electric vehicles market has been analyzed based on technology, vehicle type, and by regions. On the basis of technology, the global electric vehicles market has been segmented as battery electric vehicles, hybrid electric vehicles and plug-in hybrid electric vehicles. Based on vehicle type it is segmented as passenger cars, commercial vehicles and two wheelers. Further, based on regions they are analyzed based on four geographical regions around the world such as North America, Europe, Asia-Pacific and Rest of the World.

Asia Pacific region is expected to dominate the market

The Asia Pacific region is expected to dominate the market for electric vehicles market. This is majorly due to the fact that, increased number of electric cars sales in the countries such as China, Japan, South Korea and Australia among others. Many countries are rapidly adopting to the introduction of electric cars as they are less polluting and has reduced environmental impact. The introduction of electric cars in the Asia Pacific region helps automakers to tackle pollution emission problems and they are further motivated by the generous tax systems for electric cars. The North America and Europe region closely follow the Asia Pacific region in the adaptation of electric cars. The electric cars are increasingly becoming cheaper in these regions and are on par with the conventional gasoline vehicles for performance and range.

The major players operating in this market includes Nissan Motor Company, Tesla Inc, Toyota Motor Corporation, Ford Motor Company, Volkswagen, BMW, General Motors, Daimler AG, Hyundai Motor Company, Mitsubishi Motors Corporation and among others.

This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global electric vehicles market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.

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Table of Contents

1 EXECUTIVE SUMMARY

2 INTRODUCTION

3 RESEARCH METHODOLOGY

4 MARKET DYNAMICS

5 MARKET FACTOR ANALYSIS

6 GLOBAL ELECTRIC VEHICLE MARKET, BY TECHNOLOGY

7 GLOBAL ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE

8 GLOBAL ELECTRIC VEHICLE MARKET, BY REGION

9 COMPETITIVE LANDSCAPE

10 COMPANY PROFILES

…….. Continued

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