openPR Logo
Press release

Why Battery Electric Vehicles Market are Booming So Rapidly? Industry in-Depth Analysis with Growing Trends || BMW, Continental, Daimler AG, Ford Motor Company, Volkswagen AG, Toyota Motor Corporation, General Motors, Groupe Renault, Tesla

04-13-2020 08:39 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Research

Battery Electric Vehicles Market

Battery Electric Vehicles Market

The battery electric vehicles market share from heavy-duty vehicles segment will exhibit a CAGR of 9% over 2019-2025. The adoption of battery electric heavy-duty vehicles in a bid to reduce emission from commercial transportation will thus propel the global BEV market in the coming years.

The adoption of battery-operated passenger cars, buses or trucks will be further supported by the imposition of stringent vehicular emission standards across the world. For instance, the European Parliament recently agreed to new CO2 emission standards for newly purchased cars and vans with an objective to witness 37.5% reduction in emission from new cars and 31% lower emissions from new vans by the end of 2030.

Get sample copy of this research report @

The constantly rising threat of global warming resulting from GHG emissions has considerably driven battery electric vehicles market, along with tremendous investments from global auto giants and government agencies. The zero-emission nature of electric cars as well as the continuous improvements in battery storage and charging technologies have encouraged countries to implement policies that support BEV adoption, including tax incentives. Attempts by several governments to install free charging stations on roads and highways will further expand the reach of the battery electric vehicles market. As the global trade transforms gradually, exemption of duties on the import or export of EVs will also direct the manufacturing sector towards developing sustainable, emission-less vehicles.

With millions of vehicles being produced all over the world each year, there undoubtedly exists the capacity to make BEVs on a large scale to replace all fossil fuel-powered cars within the next decade. However, development of affordable, reliable technology to offer cars having long-range and battery life still has a long way to go, which has entailed major partnerships underscoring the BEV industry around the globe. Examples of these include collaborations between Toyota and Suzuki, Ford and Mahindra, Ford and Volkswagen, BMW and Daimler, among other numerous big and small partnerships. Many of these joint ventures are also aimed at developing all-electric autonomous driving platforms, extending the scope of the battery electric vehicles market significantly.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. BMW
2. BYD Company
3. Continental
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
15. Tesla

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.

Make an inquiry for purchasing this report @

All in all, the adoption of electric buses and other transport vehicles will immensely proliferate the global battery electric vehicles market, which is anticipated to surpass $425 billion in valuation by 2025. Witnessing a number of technology joint ventures in recent years, the industry is comprised of key participants like Tesla, Volvo, Daimler AG, Groupe Renault, Volkswagen, General Motors, BMW and Toyota Motor Corporation.

Contact Us: -
Website: -

About Us:, powered by GMI, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI. Via this platform, users not only get to answers to their questions about these reports, they also have an additional avenue to talk to the sales and research teams of GMI to learn more about the topics of their interest.

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 Why Battery Electric Vehicles Market are Booming So Rapidly? Industry in-Depth Analysis with Growing Trends || BMW, Continental, Daimler AG, Ford Motor Company, Volkswagen AG, Toyota Motor Corporation, General Motors, Groupe Renault, Tesla here

News-ID: 2008928 • Views: 339

More Releases from Global Market Research

What's Driving the Aircraft Communication System Market Share? General Dynamics, …
A rather crucial component of the air traffic management, SATCOM has emerged as the most popular product of the aircraft communication system market in the recent past. As the global air traffic is expected to increase at an unprecedented pace every year, prominent airlines across the world would undoubtedly be upgrading their SATCOM systems to enhance passenger experience and upgrade, operational efficiency. Furthermore, SATCOM is being deployed extensively in military
What's Driving the Aerospace Landing Gear Market Trends? Delta TechOps , Eaton C …
The North America aerospace landing gear market is slated to amass hefty proceeds from the regional aircraft segment as many Asian and African nations will look to expand their domestic fleet size and service capabilities. To elaborate, a 2017 report forecast that over the next 15 years, approx. 5,728 regional aircrafts valued at USD 212.9 billion could be manufactured, including jets and turboprops. Consequently, the aerospace landing gear industry will
What's Driving the Automotive Electronics Market Trends? Top Players are Altera, …
The deployment of such systems to maintain passenger and vehicle safety is thus slated to impel automotive electronics market share. Over the coming years, the use of real-time operating systems and the development of next-generation visualization tools for automotive in-vehicle systems is likely to increase at an exponential rate. The surging awareness among people about the benefits of autonomous vehicles will thus help augment the utilization of electronic content in
What's Driving the Vehicle Tracking Device Market Growth? Top Players are ATrack …
The vehicle tracking device market is estimated to exceed USD 3 billion by 2025. The global vehicle tracking device industry has witnessed an unprecedented growth rate owing to enhanced fleet management techniques which are reducing operation cost of managing large fleet operations. These tracking systems enable monitoring of fuel consumption, engine parameters, and driver's behavior along with ensuring safety, thus making them an essential component in fleet management techniques. Wireless tracking

All 5 Releases

More Releases for Motor

Passenger Vehicle Market Outlook to 2025 - Top Leading Players Toyota Motor, Vol …
Worldwide Passenger Vehicle Market Analysis to 2025 is a specialized and in-depth study of the Passenger Vehicle Industry with a focus on the global market trend. The report aims to provide an overview of global Passenger Vehicle Market with detailed market segmentation by product/application and geography. The global Passenger Vehicle Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status
Sports Utility Vehicle Market to 2025 – Suzuki Motor, PSA Group, FCA Group, Ho …
Sports utility Vehicles Market are the vehicles which appear as a station wagon designed for the off roads travelling which not only used for commercial purpose but for family purpose also providing high functionality with comfort and luxury and above built with enormous space too. One of the major driver for the growth of Sports Utility Vehicles market is the continual improvement in styling, comfort, outer body and systems in
Axial Piston Motor Market
Download PDF Brochure @ An axial piston motor is a positive displacement motor that has a number of pistons in a circular array within a cylinder block. Axial piston motor works with a bent axis design or swash plate principle and is available in both variable and fixed displacement designs. The constant displacement type works as a hydraulic motor and the variable displacement type works as a hydraulic pump. Growing the
Global Luxury Van Market: Honda Motor, Hyundai Motor, Toyota Motor, Ford Motor, …
Qyresearchreports include new market research report Global Luxury Van Market Professional Survey Report 2018 to its huge collection of research reports. This report studies Luxury Van in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. This report focuses on top manufacturers in global market, with production, price, revenue and
Enerdoor's Motor Protection Range
Enerdoor has developed a Motor Protection Series to protect motors from harmful overvoltage and dV/dt spikes generated on the output. This is particular useful for applications with variable frequency drives and servo-motors. This series includes common mode and differential mode inductances, sine wave filters and snubbers designed to work with various frequency switches, output frequencies and applications. The sin wave filter series reduces the pulse wave modulation (PWM) effect, converts the PWM
Automobile Market 2017 - Daimler, BMW Group, Honda Motor, Ford Motor, Nissan Mot …
Apex Research, recently published a detailed market research study focused on the "Automobile Market" across the global, regional and country level. The report provides 360° analysis of "Automobile 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 Automobile industry, and estimates the future trend of Automobile market on the basis of