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Electric Vehicle Market Analysis, Overview, Revenue, Growth, Opportunities And Forecast Up To 2025

11-11-2019 01:40 PM CET | Tourism, Cars, Traffic

Press release from: QYR Consulting

Electric Vehicle Market Analysis, Overview, Revenue, Growth,

The global electric vehicle market is foretold to rise at a considerable CAGR because of the growing demand for low-emission, high-performance, and fuel-efficient automobiles. Government tax incentives provided to encourage the use of electric vehicles could be another factor creating lucrative growth prospects in the global market. Furthermore, the need to reduce vehicular emissions is foreseen to strengthen the demand for electric vehicles.

Increasing installation of fast charging stations for electric vehicles, especially in developed countries, is expected to augur well for the global market. In June 2019, GreenWay Polska, a Polish network of fast charging stations, completed its target of installing 100 electric vehicle fast charging stations in Poland.

Implementation of Stringent Carbon Emissions Regulations to Drive Demand

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Manufacturers to Launch New Safety Enhancement Features for Electric Vehicles

Some of the leading manufacturers of global electric vehicle market are Tesla, Nissan Motor Corporation, BYD, BMW, and Volkswagen. Manufacturers are foreseen to concentrate on sustaining their market position by adopting key business tactics, which include signing strategic agreements and collaborations and introducing new products.

Players are also anticipated to focus on increasing the safety of electric vehicle drivers. In May 2019, Tesla launched a couple of advanced safety features related to its Autopilot advanced driver assistance system. Emergency Lane Departure Avoidance and Lane Departure Avoidance features help Tesla electric vehicle drivers to avoid collisions by staying in the lane and maintaining engagement when using Autopilot.

By Propulsion




By Charging Station

● Normal

● Super

● Inductive

Among propulsion segments, FCEV is projected to rise at a higher CAGR due to advantages such as short refueling time and improved fuel economy. Among charging stations, supercharging station is forecast to expand at a leading growth rate because of the rising demand for electric vehicles and presence of popular providers such as Tesla in the market.

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About Us:
QYR Consulting established as a research firm in 2007 and have since grown into a trusted brand amongst many industries. Over the years, we have consistently worked toward delivering high-quality customized solutions for wide range of clients ranging from ICT to healthcare industries. With over 50,000 satisfied clients, spread over 80 countries, we have sincerely strived to deliver the best analytics through exhaustive research methodologies.

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