Electric Cars Market Fastest Upcoming Growth And Competitive Strategies Forecast To 2025
The global electric cars market is expected grow from $482.32 billion in 2020 to $657.41 billion in 2021 at a compound annual growth rate (CAGR) of 36.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1895.13 billion in 2025 at a CAGR of 30%.
The Business Research Company offers "Electric Cars Global Market Report 2021" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth and highlights important trends and strategies that players in the market can adopt.
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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.
Some of the key players involved in the electric cars market are Toyota, BMW, BYD, Tesla, BMW, Volkswagen, General Motors, BAiC Motors, SAIC, Daimler AG, Chery Automobiles, Hyundai, Ford, Changan, Volvo, Anhui Jianghuai Automobile Co. Ltd. (JAC Motors), Renault-Nissan, JMCG, Zotye, Mitsubishi, Yutong, Geely Automobile Holdings Ltd., Great Wall Motor Co. Ltd., Audi, Jaguar Land Rover, Mahindra Electric Mobility Ltd., Honda Motor Co. Ltd., Energica Motor Company S.P.A., Nissan Motor Corporation.
The countries covered in the global electric cars market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global electric cars market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Electric Cars Market Segmentation:
1) By Type: Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV)
2) By Battery Type: Lithium-Iron-Phosphate (LFP), Lithium–Nickel–Manganese Cobalt Oxide (Li-NMC), Lithium–Titanate oxide (LTO) battery, Lithium–Nickel–Cobalt–Aluminum oxide (NCA) battery, Nickel–metal hydride (NiMH) battery, Lead Scid Battery
3) By Application: Home Use, Commercial Use
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A Few Points From The 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
27. Electric Cars Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electric Cars Market
29. Electric Cars Market Future Outlook and Potential Analysis
The report covers the trends and market dynamics of the electric cars 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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