Press release
Battery-Electric Self-Driving Car Market Business Strategies, Technological Innovation, Trends & Top Players
Battery-Electric Self-Driving Car Market
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Regions covered
North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa
Companies covered
The major players analyzed include Mercedes Benz, Volvo Cars, BMW, Google Inc, Tesla Inc, General Motors, Ford Motors, Volkswagen Group, Apple Inc., and Toyota Motors.
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Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Growth in technology & dynamic mobility application such as connected vehicle, need for safe, productive & efficient driving option and reduction of the carbon discharge from autonomous vehicles are driving the growth of the market. However, cyber security & safety concerns and non-availability of required infrastructure in developing countries is expected to hamper the growth of the market. On the contrary, autonomous cars as a mobility service and robotic assistance help in the growth of self-driving cars, which is expected to provide lucrative opportunity for the market investments.
The battery-electric self-driving car market trends are as follows:
Reduction of the carbon discharge from autonomous vehicles
Battery-electric self-driving cars can help reduce the carbon pollution emitted when compared with the internal combustion Engine (ICE) vehicles. Owing to the stringent government policies major automotive manufacturers are investing a huge amount of money in the production of electric self-driving vehicles. For instance, Daimler has invested €500 million in the development of Mercedes-Benz electronic autonomous fleet. Furthermore, autonomous technologies such as facial expression detection and activities such as braking & accelerations to avoid possible collisions, consistent driving speeds & keeping a measured distance between the vehicles can avoid unnecessary breaking and re-acceleration. Moreover, electronic models of self-driving cars with abattery-electric engine can further reduce pollution by eliminating or reducing the use of crude oil.Therefore, the reduction of carbon discharge from autonomous vehicles is anticipated to boost the market growth for the battery-electric self-driving car during the forecast period.
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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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