openPR Logo
Press release

Electric Vehicle Market - The Big Breakthrough Years Ahead For EVs | Tesla, BMW Group, Nissan Motor Corp, Toyota Motor Corp, Volkswagen, General Motors, Daimler, Energica Motor, BYD Company Motors, Ford Motors

03-18-2020 03:36 PM CET | Energy & Environment

Press release from: Allied Market Research

Electric Vehicle Market

Electric Vehicle Market

Electric Vehicle Market 2020-2025: According to the report published by Allied Market Research, the global electric vehicle market is expected to reach $567.29 billion by 2025. Following are some of the activities taking place across the world.

Download Report Sample (202 Pages PDF with Insights):

Technological developments are taking place at a rapid pace. The emergence of electric vehicles promises the sustainable future. Aligning with the vision of sustainability, automakers have been taking crucial steps by designing vehicles that can be driven on electric batteries and eliminate greenhouse gases. Climate change is one of the issues that arises the need for clean mobility and encourages electrification of vehicles. Major market players active in the automotive industry such as General Motors, Toyota, and Honda have taken big steps toward developing and launching electric vehicles. From launching the electric version of its popular car to designing a car from ground up, market players have been making moves and setting targets for next three years as the competition grows. The market for electric vehicles is booming with launch of new cars and plans of electrification.

Innovation is at its peak and automotive manufacturers have begun offering electric cars of their major models that were running on fuel. One of the leading market players active in the automotive industry General Motors (GM) would launch Hummer truck as a fully electric vehicle. The automaker highlighted that it would begin selling the battery-powered vehicle known as Hummer EV by September, 2021. The truck will be publicly showed by May, 2020. The battery with nearly 1,000 horsepower will be equipped in the Hummer EV. The car is expected to reach 0-97 kmph speed in only three seconds. The automaker has not released any details regarding how far the truck can travel in a single charge. Revealing the details about the new vehicle, the company stated that there will be few similar design elements, however, it will not be same as that of current vehicle. It also highlighted that the new trucks will be built in the Detroit plant, which was about to close. Nearly $2.2 billion would be invested for modernization of the plant and manufacturing electric trucks.

Schedule a Free Call With Our Industry Experts/Analysts To Know More About This Research Study:

Along with bringing back the old version with electric battery, automakers have been planning to launch entirely new vehicles. Toyota Motor, another leading giant company operating in the automotive industry, would launch an ultracompact electric vehicle. It will be equipped with a standardized battery that can be reused in homes once drained. The new model is designed particularly for one or two people. The vehicle will be provided on lease along with carrying out battery checks over the stipulated time frame. The batteries will be replaced at a certain point of time and the drained batteries can be utilized for household purposes. The purpose behind this is to create a convenient and cost-effective recycling program. The batteries can be reused for applications such as charging mobile phones, power lightings, and other small applications. These degraded batteries can store energy if the household has solar panels. The installation of batteries can store cheap power and can be utilized when emergency occurs. The company has been looking for developing batteries with higher standards as it can be used in vehicles that are used for short distances. Along with the launch of new electric vehicles, market players have been finding out new ways to utilize battery capacities optimally.

Sustainable future in sight: New launches of electric vehicles in full swing |

Based on the philosophy of the brand that states human-centered engineering, Honda will launch a fully-electric and compact vehicle Honda e. The company intends to improve the environment with the launch, specifically in urban areas. Designed to run on the busy urban roads, the concept car appeared as 'Urban EV' in 2017. The production ready prototype Honda e was released in 2019. This vehicle is designed with remarkable driving features and exceptional electric performance. Its powerful electric battery is equipped with Honda electrification technology. Its fast charging capability can cater to the demands of everyday commuting.

Request For Customization Of This Report:

The vehicle features 35.5 kWh battery capacity that can offer a range of nearly 222 km. In addition, it can be charged up to 80 percent in only 30 minutes. The thermal management system is capable of optimizing battery performance in low and high temperatures. This EV is equipped with advanced intelligent connectivity that keeps owner in sync. It has connected apps and intuitive infotainment services that can integrate into modern lifestyle of owners. Its Honda Personal Assistant (HPA) is powered by AI technology and offers better understanding of driver's voice. The company plans to launch the electric vehicles in Europe by 2022, which is three years ahead of its previous vision of 2025. Along with the launch of electric vehicles, Honda has a vision of energy supply for sustainable future related to urban charging solutions, commercial energy services, and domestic power chargers.

Inquire More About This Report Before Making Decision To Purchase:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
Allied Market Research Blog:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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 Vehicle Market - The Big Breakthrough Years Ahead For EVs | Tesla, BMW Group, Nissan Motor Corp, Toyota Motor Corp, Volkswagen, General Motors, Daimler, Energica Motor, BYD Company Motors, Ford Motors here

News-ID: 1973897 • Views: 516

More Releases from Allied Market Research

North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ Synthetic biology is at a nascent stage and has recently

All 5 Releases

More Releases for Honda

Entertainment Robotics Market Is Booming Worldwide | Honda, Hitachi, Toyota
HTF MI newly added the Global Entertainment Robotics Market Study that gives meticulous investigation of current scenario of the Market size, share, demand, growth, trends, and forecast in the coming years. The report firstly introduced the Entertainment Robotics Market basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world main region market conditions, including the product price, profit,
Global Commercial Use Robots Market 2018 - SoftBank, Kawada, Honda
Apex Market Research, recently published a detailed market research study focused on the "Commercial Use Robots Market" across the global, regional and country level. The report provides 360° analysis of "Commercial Use Robots Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Commercial Use Robots industry, and estimates the future trend of
EMEA Graphene-Based Supercapacitors Market: NEC, Panasonic, Honda, Hitachi, Maxe …
MarketResearchReports.Biz adds “EMEA Graphene-Based Supercapacitors Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Graphene-Based Supercapacitors market and the growth estimates for the forecasted period. The Graphene-Based Supercapacitors Market has been comprehensively detailed in the report with special focus on a range of key elements such as market share, forecast and base figures, CAGR, driving factors, growth restraints, and
Honda Names Planet Honda To President’s Award Elite
Union NJ, Feb 13, 2018 – American Honda Motor Co., Inc. announced today that Planet Honda NJ has earned President’s Award Elite for 2017, a special honor for President’s Award dealerships that also rank among the top 10 President’s Award recipients in new vehicle sales. “The President’s Award Elite signifies the best of the best, an honor for a select few dealers that not only earn the President’s Award, but set
Honda Launches Fiscal Year 2017 Honda Asia & Oceania Sustainability Website with …
Bangkok, August 30, 2017 - Asian Honda Motor Co., Ltd., the regional headquarters of Honda in the Asia & Oceania (A&O) region, launched an updated Honda Asia & Oceania Sustainability Website with an upgraded design and updated information. The new website features content of Honda’s regional activities in sustainability during the 2017 fiscal year (April 2016 to March 2017) and also includes the latest news in relevant areas of the
Honda Aircraft Company Begins HondaJet Deliveries
Greensboro, NC, USA -- Honda Aircraft Company ( today announced it has begun deliveries of the HondaJet, the world's most advanced light jet. The company delivered the first aircraft today at its world headquarters in Greensboro, North Carolina. This milestone follows final type certification ( from the Federal Aviation Administration (FAA), which the HondaJet received on Dec. 8, 2015. "We are very excited to commence deliveries of the HondaJet, fulfilling Honda's