Press release
Electric Vehicle Market - How Market will Impact due to COVID-19 Outbreak 2020 | Tesla, BYD Company Ltd, CHERY, Hyundai Motor
Market Industry Reports (MIR) has published a new report titled "Electric Vehicle Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2030." According to the report, the global electric vehicle market was estimated to account for over US$ 160 billion in 2019. The market is anticipated to grow at a CAGR of 19.2% from 2019 to 2030.Electric vehicles are embedded with traction motors or electric motors for propulsion. In electric vehicles, batteries play a vital role as they are the main energy sources. Hence, battery manufacturers and electric vehicle manufacturers have been collaborating to find the best battery solutions. For instance, Toyota has entered into a partnership with Contemporary Amperex Technology (CATL) to produce electric vehicle batteries, reuse of batteries, and develop new battery technology for plug-in hybrid vehicles.
Electric Vehicle Market Major Players:
Some of the prominent players in the global electric vehicle market include Tesla, BYD Company Ltd, CHERY, Hyundai Motor Company, Daimler AG, Groupe Renault, Nissan and Volkswagen AG, among others.
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Growth Factor:
Heavy investments by electric vehicle manufacturers, high environmental concerns across the globe to reduce carbon emissions, and favorable laws and regulations, are the major factors driving the electric vehicle market.
Asia Pacific is expected to grow at the highest CAGR during the forecast period followed by Europe. The growth of this region can be attributed to the increasing number of government initiatives to promote clean energy, high adoption rates in China & Japan, a huge customer base, rapid urbanization and increasing demand for low fuel emission & efficiency, and light-weight vehicles from the Asian countries.
Segmentation:
Electric Vehicle Market by Propulsion Type: Battery Electric Vehicle (BEV), Fuel Cell Electric Vehicle (FCEV), Plug-In Hybrid Electric Vehicle (PHEV), and Hybrid Electric Vehicle (HEV)
Vehicle Type: Two-Wheeler, Passenger Car and Commercial Vehicles
Power Output: Less than 50 KW, 50-100 KW, and Above 100 KW
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Table of Contents
INTRODUCTION
Market Definition
Market Classification
Geographic Scope
Years Considered for the Study: Historical Years - 2016 & 2017; Base Year - 2018; Forecast Years - 2019 to 2030
Currency Used
RESEARCH METHODOLOGY
Research Framework
Data Collection Technique
Data Sources
Secondary Sources
Primary Sources
Market Estimation Methodology
Bottom Up Approach
Top Down Approach
Data Validation and Triangulation
Market Forecast Model
Limitations/Assumptions of the Study
ABSTRACT OF THE STUDY
MARKET DYNAMICS ASSESSMENT
Overview
Drivers
Barriers/Challenges
Opportunities
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About Us:
Market Industry Reports 100% Subsidiary of Maniks Systems Pvt Ltd, Market Industry Reports is a global leader in market measurement & advisory services, Market Industry Reports is at the forefront of innovation to address the worldwide industry trends and opportunities. We identified the caliber of market dynamics & hence we excel in the areas of innovation and optimization, integrity, curiosity, customer and brand experience, and strategic business intelligence through our research.
Contact Us
Email: sales@marketindustryreports.com
Phone: +1 347 767 5477 ( US ) + 91 8956 767 535 ( IN ) + 44 131 463 4161 ( UK )
Website: https://www.marketindustryreports.com
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