Battery Electric Vehicles Market Outlook to 2025 Led by BMW, Continental, Daimler AG, Ford Motor Company, Volkswagen AG, Toyota Motor Corporation, General Motors, Groupe Renault, Mitsubishi Motors Corporation, Nissan Motor Corporation
Global Market Insights, Inc. has released a new research study on Battery Electric Vehicles Market Analysis 2019-2025 inclusive of one or more factors covering regional opportunities, application landscape, product demand trends, and end-use portfolio of the industry over the forecast timeframe.
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The report also outlines the competitive framework of the industry detailing the SWOT analysis and market share dominance of the prominent players.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
2. BYD Company
4. Daimler AG
5. Energica Motor Company S.p.A.
6. Ford Motor Company
7. Volkswagen AG
8. Toyota Motor Corporation
9. General Motors
10. Groupe Renault
11. Honda Motor Co., Ltd.
12. Hyundai Motor Company
13. Mitsubishi Motors Corporation
14. Nissan Motor Corporation
Improving vehicle engineering capabilities coupled with technical advancements in powertrain systems are propelling for the development of battery electric vehicles systems. The availability of simpler mechanical components, along with lower motor weight contribute significantly towards increasing the overall vehicle efficiency. Provision for charging alternatives at hospitality locations and workplaces will further assist in strengthening the Battery Electric Vehicles Market penetration.
Improvements in battery technologies, higher driving range, and charging infrastructure are providing a significant boost to Battery Electric Vehicles Market expansion. Industry players are constantly investing in R&D to diversify and expand their product portfolio to target a wide customer base. Several economies are testing the feasibility of deploying electric buses for felicitating daily transportation to enhance the efficiency and reduce greenhouse gas emissions.
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Battery Electric Vehicles Market in North America will account for a considerable share on account of favorable government incentives and tax policies. Additionally, governments across the region are focusing on developing charging infrastructure to support the growing demand for such vehicles. For instance, the government in British Columbia offers discounts and rebates of up to USD 5,000 for battery electric vehicles under its Clean Energy Vehicles for British Columbia Point of Sale Incentive Program.
The uptake of Battery Electric Vehicles Market is largely driven by supporting policy environment. Major economies across the globe are focusing on reducing the dependency on conventional fuels by phasing out diesel and gasoline engine vehicles. These policies are creating favorable environment for consumers to opt for battery electric vehicles. Industry participants are also launching multiple variants of electric vehicles to target a wide customer base, thereby providing a positive outlook for the Battery Electric Vehicles Market expansion over the study timeframe.
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Few of the key players in the Battery Electric Vehicles Market include BYD company Ltd., BMW, Daimler AG, Volkswagen AG, Ford Motor Company, Toyota Motor Corporation, Nissan Motor Corporation, Hyundai Motor Company, and Tesla Inc. Industry participants are focusing on introducing a new range of battery electric vehicles for increasing their revenue generation.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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