Electric Car Market 2027 Opportunity Analysis By Top Brand Renault-Nissan-Mitsubishi, Tesla, BAIC Group(BAIC Motor Corporation Limited), Zotye International, BMW Group, Chevrolet, Hyundai Motor Company, GEELY, JAC Motors

Recent research and the current scenario as well as future market potential of "Global Electric Car Market 2020".

Global Electric Car Market is segmented By Type(Battery Electric Vehicle (BEV), Plugin Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Share, Size, Outlook, and Opportunity Analysis, 2020-2027

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Market Overview :

The Global Electric Car Market is expected to grow at a high CAGR during the forecasting period (2020-2027). Despite tremendous growth, the Electric car market is still tiny compared to the overall car market.

In all countries except China, electric cars make up less than 1% of vehicles. The share of the electric vehicles in the car market is expected to grow in the future. As technology develops, an increasingly broad range of electric vehicles will become popular.

Market Trends :

Renaissance in electric car manufacturing occurred due to advances in batteries, concerns about increasing oil prices, and the desire to reduce greenhouse gas emissions.
The popularity of electric cars has been expanding rapidly due to their increased range and lower battery costs, environmental sensitivity, and government
subsidies.

Electric vehicle causes no Tail-pipe emissions. Even though electricity production causes greenhouse gas emission.

Along with Tax benefits, special electricity rates, insurance discounts are being offered to promote the use of electric cars.

Initiatives to develop low- cost, fast charging battery technologies that support long-range use looked set to yield promising results.

The increasing number of publicly available fast electric vehicle chargers is also driving the growth of Electric cars market globally.

Market Segmentation Analysis :

Based on the type, electric car Market can be segmented into Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV) and fuel cell electric Vehicle (FCEV).

BEV cars run entirely on the electric motor without the IC engine. PHEV cars have an electric motor and IC engine to replace the battery when the battery is low or vice-versa. Both BEV and PHEV electric cars are more fuel efficient than the Standard hybrid electric vehicle which contains array but mostly runs on an IC engine.

Market Geographical Share :

Based on region, the market can be segmented into North America, South America, Europe, Asia-pacific and rest of the world.

China & United States are the biggest players in Electric Cars market. China surpassed the United States in the total number of electric cars in 2016.

Japan, Norway, United Kingdom, Netherlands, France, Germany are the other significant players in the Electric car market. In Norway, 1.3% of all cars are electric cars. The ratio is even smaller in all other countries.

Key market segments covered

By Type

Battery Electric Vehicle (BEV)
Plugin Hybrid Electric Vehicle (PHEV)
Fuel Cell Electric Vehicle (FCEV)

By Region

Asia Pacific
Europe
North America
South America
Rest of the World

Competitive Analysis :

Some of the critical electric car companies are Renault-Nissan, Tesla, BAIC, Zotye, ZD, BMW, Chevrolet, Hyundai, Geely, JAC.

Companies are developing new technologies to stand out in the market competition. In 2017, car manufacturers are targeted to create higher battery capacities of over 60 kWh that increases the range of an electric car up to 200 miles on a single charge.

Report Scope
The report covers the key factors impacting the market, Porter 5 Forces, Product Benchmarking, and company profiles. The global Electric car market is segmented by type (Battery Electric Vehicle (BEV), Plugin Hybrid Electric Vehicle (PHEV) and Fuel cell electric vehicle (FCEV)). Based on geography the market is segmented into North America, South America, Europe, Asia Pacific and Rest of the world.

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Why purchase the report?
Visualize the composition of the Global Electric Car market across each indication, concerning type highlighting the critical commercial assets and players.
Identify commercial opportunities in Global Electric Car market by analyzing trends and co-development deals.
Excel data sheet with thousands of data points of the Electric Car market level 4/5 segmentation
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Product mapping in excel for the critical Global Electric Car market products of all major market players

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Government Agencies
Product Suppliers/ Buyers
Industry Investors/Investment Bankers
Education & Research Institutes
Research Professionals
Emerging Companies
Manufacturers

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