Electric Cars Market 2020 - Future Trends, Growth Strategy, Industry Share, Historical Analysis, Competitive Landscape, Regional Outlook, Cost Structures, Latest Technology And Forecasts To 2023
The global electric cars market is expected to decline from $533.4 billion in 2019 to 515.8 billion in 2020 at a compound annual growth rate (CAGR) of -3.31%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $1150.7 billion in 2023 at CAGR of 30.67%. The growth is mainly because of their low cost, low maintenance, less carbon emission, convenient charging, less noise from the engine, higher fuel costs, and most importantly being environmentally friendly.
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The electric car market consists of electric car sales and services related to it. An electric car is an electric vehicle that runs by a chargeable battery such as Nickel-Metal Hydride (NI-MH) Battery, Lithium-ion Battery, Fuel Cell Battery. Electric cars are available in Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicles (FCEV) which are used for personal home use or commercial use.
The electric cars market covered in this report is segmented by type into battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), hybrid electric vehicle (HEV). It is also segmented by battery type into lithium-iron-phosphate (LFP), lithium-nickel-manganese cobalt oxide (Li-MnC), lithium-titanate oxide (LTO) battery, lithium-nickel-cobalt-aluminum oxide (NCA) battery, nickel-metal hydride (Ni-Mh) battery, lead acid battery.The growing demand for electric vehicles is driving the electric cars market.
Electric Cars Market Segmentation: -
1. Battery Electric Vehicle (BEV)
2. Plug-in Hybrid Electric Vehicle (PHEV)
3. Hybrid Electric Vehicle (HEV)
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Few Points From Table Of Content
1. Executive Summary
2. Electric Cars Market Characteristics
3. Electric Cars Market Size And Growth
4. Electric Cars Market Segmentation
5. Electric Cars Market Regional And Country Analysis
25. Electric Cars Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Electric Cars Market
27. Electric Cars Market Trends And Strategies
28. Electric Cars Market Future Outlook and Potential Analysis
The report covers the trends and market dynamics of the electric car market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the electric car market are Toyota, BMW, BYD, Tesla, BMW, Volkswagen, General Motors, BAiC Motors, SAIC, Daimler AG
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