openPR Logo
Press release

Electric Vehicles Market Value is Expected to Increase to US$ 596.56 Bn by 2030 End

Electric Vehicles Market Value is Expected to Increase to US$

The report tabled by Persistence Market Research titled “Electric Vehicles Market: Global Industry Analysis and Forecast, 2016–2030”, talks about the global and regional market behavior and also gauges the change in the eco-system of the global electric vehicles market within the assessment period.

Global Electric Vehicles Market: The Way Ahead

Electric powered cars are the future of the transport industry and it will change the face of the global transport segment in the forthcoming years. The worth of the global electric market is predicted to touch US$ 99.88 Bn by the end of 2016 and the market will grow manifold within the stipulated period and will touch the estimated value of US$ 596.56 Bn by the end of 2030. As per the report, the market will expand its periphery in terms of CAGR of 15.6%. The global population is gasping for fresh air. The alarming rise in pollution has challenged the entire socio-economic structure and even impacted the hike of the global economy and healthcare. The global transport and communication network is highly dependent on gasoline-powered vehicles which not only pollutes the air, but these vehicles are a major cause of sound pollution.

Request to View Sample of Research Report @

The environmental safety is a major concern for government bodies. Several strict policies have been framed in the past few years to arrest the blatant rise of sound and air pollution. Revamped government policies targeted to encourage the manufacturing and use of green and soundless electric vehicles is a major push to the global width of the electric vehicles market. Some of the biggest and the most advanced economies of the world such as China and US has implemented a plethora of steps to promote the use of electric driven vehicles. US has issued special grants and to lure more customers in the electric vehicles market China has offered free number plates to the owners of the electric vehicles. Steep rise in the petrol prices has pushed the customers towards advanced electric vehicles.

Global Electric Vehicles Market: Roadblocks

There are some of the key factors that are clamping down the global expansion of the electric vehicles market. The electric led vehicles are losing their market relevance because of their performance. The market for electric vehicles is still at a nascent stage in some developing economies of the world. The apt infrastructure needed to back the growth of electric vehicles market in those regions is thin. This massive intercontinental gulf is further creating a stalemate condition in the market. The electric backed vehicles are mostly consumed for large scale commercial use and by deep-pocketed consumers. The high price tags are also limiting its market outreach and restricting the organic development of the global electric vehicles market.

Reques Report for Multiple Chapter @

Global Electric Vehicles Market: Market Autopsy

The market is exploding with a slew of new technologies. The major manufacturers of this industry are experimenting with cutting-edge technologies to enhance the market expansion of the vehicles. The global electric vehicles market is fragmented into three major sects. The battery electric cars is steadily dominating one of the largest markets of the world, China, as the sale of the battery driven two wheelers are maximum in this country. The other two segments such as plug-in hybrid vehicles and hybrid electric powered cars are also expected to show promising results within the estimated period of growth. The plug-in hybrid vehicles fraction of the market will surge at an approximate CAGR of more than 16% by the end of 2030. The external and internal charging support available in this crop of vehicles will further pull up the market.

The electric vehicles market is also segmented by vehicle type. The surge of the electric vehicles market is massively impacted by the surge in the demand of the passenger vehicles. The passenger vehicles segment will occupy almost 54% of the market share by the end of 2016 and the CAGR will bloom within the period of study. Apart from the passenger car segment the two wheelers segment will also contribute significantly to the market share of the global electric vehicles market. This segment is projected to stretch at a CAGR of 11.7% by the end of 2030. The commercial vehicles segment will crawl up the ladder but the segment needs adequate time to meet the expectations of the market, according to the report.

Global Electric Vehicles Market: Competitive Landscape

The major shareholders of the global electric vehicles market are burning the midnight oil to come out with innovative measures to enhance the relevance of electric vehicles in the global market. The advanced technologies and smart measures are chipped in to get rid of some of the core issues which are stalling the expected expansion of the global electric vehicles market. The bigwigs of the market such as Toyota Motor Corporation, Bayerische Motoren Werke AG, Nissan Motor Corporation Ltd, Honda Motor Co., Ltd., Ford Motor Company are pumping in funds into the market to revamp the infrastructure of the Global Electric Vehicles Market.

Get Full Report Now @


About Us

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us

Persistence Market Research

305 Broadway

7th Floor, New York City,

NY 10007, United States,

Telephone - +1-646-568-7751

USA – Canada Toll Free: 800-961-0353



This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Electric Vehicles Market Value is Expected to Increase to US$ 596.56 Bn by 2030 End here

News-ID: 1047699 • Views: 157

More Releases from Persistence Market Research pvt ltd

Osteoarthritis Treatment Market Analysis By 2025 | Top Key Players are Johnson & …
Persistence Market Research (PMR) has published a new research report on the osteoarthritis treatment market titled “Osteoarthritis Treatment Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025).” An alarming rise in the number of osteoarthritis cases is the result of a growing geriatric population worldwide. In order to cater to the needs of the rapidly increasing geriatric population as well as the female population – given that osteoarthritis prevails mostly among
Soft Tissue Repair Market Opportunity By 2024 | Top Key Players are Baxter, B. B …
Soft tissue repair is a process of replacement of destroyed or injured tissue by healthy tissue. One of the key factors driving the market is the rise in a number of accidents and accidental injuries. This is leading to the soft tissue injuries in ligaments, muscle, and tendons. Soft tissue injuries are being treated with soft tissue fixation devices and scaffolds. Increasing number of sports injuries is also driving the
Biosensor Market Forecast By 2020 | Top Key Players are Abbott Laboratories, Inc …
According to a new market report published by Persistence Market Research “Global Market Study on Biosensor: Asia-Pacific to Witness Highest Growth by 2020,” the global biosensor market was valued at USD 12,963.6 million in 2014 and is expected to grow at a CAGR of 9.7% from 2014 to 2020, to reach an estimated value of USD 22,551.2 million in 2020. To know key findings Request Sample Report @: Globally, the
Growing Usage in Non-medical Sectors to Create Promising Prospects for Medical & …
Persistence Market Research has estimated the global market for medical & industrial gloves at US$ 12,868.6 Mn by the end of 2026, exhibiting robust expansion at a CAGR of 7.9% over 2018–2026. According to the latest market outlook released by the company, the global Medical & Industrial Gloves Market holds promising growth prospects over the next eight years. The market will benefit from multiple innovations through intense research and

All 5 Releases

More Releases for Electric

Global Electric Truck Market
Global Electric Truck Market – Industry Analysis and Forecast (2018-2026) – by Electric, Truck, Application Type and Region. Global Electric Truck Market was valued at US$ XXX Mn in 2017 and is expected to reach US$ XXX Mn by 2026, at a CAGR of XX% during a forecast period. Major driving factors of the Electric Truck Market the trucking industry is in the stages of a technological changes, with a particular focus
India pushes Electric Vehicles
The Indian government’s recent tweaking of the licensing policy for Electric Vehicles (EV) promises to address the infrastructure obstacle holding back the sector. The setting up of EV charging stations by the government would no longer require a license from the Ministry, paving the way for the faster construction of these stations. Earlier this year, Ola – the cab firm – initiated ‘Mission: Electric’ with plans to put 10,000 electric auto-rickshaws and
Folding Electric Bicycle
In this report, the global Folding Electric Bicycle market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Folding Electric Bicycle in these regions, from 2012 to 2022
Electric Vehicles Market
In this report, the global Electric Vehicles (On Road) market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Electric Vehicles (On Road) in these regions, from 2012
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in
Global Electric Fan Market Share 2017-2022: Panasonic, Emerson, Alfa Electric, C …
Global Electric Fan Market Research Report A market study based on the " Electric Fan Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Electric Fan Market 2017’. The research report analyses the historical as well as present performance of the worldwide Electric Fan industry, and makes predictions on the future status of Electric Fan market on the basis of this analysis. Request For Sample