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Battery Electric Vehicles Market Analysis 2019 - Trends Evolution, Revenue, Growth Drivers, Strategies, Application and Region-Forecasts, 2025
Battery Electric Vehicles Market
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Citing an instance which affirms the favorable stance of countries towards transport BEVs, the public transport operator of Paris recently ordered 800 new electric buses to replace their diesel counterparts and tackle the problem of smog in the French capital. Similar moves can certainly be expected in other developed as well as emerging economies globally, suggesting a vastly lucrative future for the commercial Battery electric vehicles market. Various innovations will further support the development and expansion of these vehicles, such as Continental’s latest tire, which is designed specifically for electric buses and optimized for use in city traffic.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- BMW
- BYD Company Ltd.,
- Continental AG
- Daimler AG
- Energica Motor Company S.p.A.,
- Ford Motor Company
- Volkswagen AG
- Toyota Motor Corporation
- General Motors
- Groupe Renault
- Honda Motor Co
GMI announced that the global Battery electric vehicles market is anticipated to surpass $425 billion in valuation by 2025. Notably, electric vehicles are not only crucial in lowering carbon emissions from passenger cars, but also from commercial operations. Trucks, public transport, fork lifts and other equipment at ports are few other areas of application where the BEVs are proving beneficial to reduce operational costs in addition to achieving sustainability targets. Tesla Inc. has apparently led the automotive Battery electric vehicles market for past few years, while many players like Volvo are establishing themselves in the areas of heavy duty or transport vehicles and electric buses.
Reportedly, most of the electric buses operating worldwide are in China and some of the country’s leading cities are close to achieving 100% electric-powered public transport, demonstrating the massive potential of the battery electric vehicles market. A key factor driving the adoption of electric buses is that countries are looking to source more and more power from renewable sources, where BEVs can provide a viable solution to stabilize the energy grid. Advanced battery storage technologies and fast charging capabilities would help to power these vehicles with excess energy generated and enable continuous operations.
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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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