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Electric Vehicles Market Growth, Recent Trends, Industry Analysis, Outlook, Insights, Share and Forecasts Report 2027

08-09-2021 11:59 AM CET | Tourism, Cars, Traffic

Press release from: Emergen Research

Electric Vehicles Market

Electric Vehicles Market

Growing environmental awareness and increasing government initiatives regarding the adoption of Electric Vehicles are driving the demand of the market.

The global Electric Vehicles Market is expected to reach USD 793.24 Billion by 2027, according to a new report by Emergen Research. The growth of this market can be attributed due to the growing environmental awareness among consumers and increasing government initiatives regarding the adoption of Electric Vehicles to reduce the emission levels in the environment. Increasing research and development for the technological advancement of the products is augmenting the demand for the industry.                

To gain useful market insights, grab a sample copy of this report@ https://www.emergenresearch.com/request-sample/79

Key Highlights From The Report

The Battery Electric Vehicles (BEV) segment dominated the market with a share of 48.5% in 2019 due to its higher efficiencies and decreasing prices of the battery. Plug-in Hybrid Electric Vehicles (PHEV) is expected to register significant growth over the forecast period due to the increasing government initiatives of developing nations to promote the manufacturing of the Electric Vehicles.

The Commercial Vehicle is expected to register the highest CAGR of 23.0% over the forecast period as the government of the developing countries is replacing the fuel-based bus with electric buses in order to reduce the CO2 emission.

Asia-Pacific has the highest adoption rate in the market due to the increasing urban population in countries such as China, Malaysia, India, and Indonesia and the increasing disposable income of the consumers.

Key participants include Volkswagen Group, Tesla Motors, BYD Company Ltd., Ford Motor Company, Nissan Motor Company, Toyota Motor Corporation, Daimler AG, BMW, Mitsubishi Motors Corporation, and Hyundai, among others.

Electric Vehicles Market Region:

The report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.

Inquire To Know Additional List of Market Players Included, Request Here@ https://www.emergenresearch.com/purchase-enquiry/79

The Global Electric Vehicles Market report is furnished with key market statistics organized in the form of charts, graphs, tables, diagrams, figures, and other pictorial representations. The report offers an exhaustive analysis of the key market aspects like market size, volume, share, current and emerging trends, production and consumption rate, and other key elements that offer an idea about the prospective expansion of the Electric Vehicles industry.

Product Outlook (Revenue, USD Billion; 2017-2027)

Plug-in hybrid electric vehicle (PHEV)
Battery electric vehicle (BEV)
Hybrid electric vehicle (HEV)
Fuel cell electric vehicle (FCEV)
Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)

Commercial Vehicle
Two wheeler
Passenger Car
Vehicle Class Outlook (Revenue, USD Billion; 2017-2027)

Luxury
Mid-Priced
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The report considers the following timeline for market estimation:

Historical Years: 2017-2018

Base Year: 2019

Estimated Year: 2027

Forecast Years: 2020-2027        

Significant Features of the Electric Vehicles Market Report:

Extensive competitive landscape analysis to offer the readers key insights into driving and restraining factors along with strategies adopted by the key players

Assessment of the existing and emerging trends of the business sphere

Detailed analysis of the emerging growth opportunities and threats and limitations the players might face in the coming years

Significant breakdown of the market to assess the factors that might influence the global market growth

An 8-year forecast for better understanding of the workings and growth opportunities of the market

Read more@ https://www.emergenresearch.com/industry-report/electric-vehicles-market

Grab Some Related Report of Electric Vehicles market By Emergen Research:

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Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

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About Us:

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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