Electric Passenger Cars Market estimated to clock a modest CAGR of +33% during the forecast period 2021-2027 With Top Daimler AG, General Motors Company, BYD Company Ltd., Tesla, Nissan Motor Company, Ford Motor Company

Electric vehicles are multibillion dollar avenues for utility sector and electric passenger cars are no exception to this. Reportedly, one-fourth of cars on the roads will be of electric type by 2030.

With over two million electric vehicles sold across the globe during 2019 and electric cars accounting for nearly +5% of overall light vehicle market share in the same year, the market for electric passenger cars is anticipated to gain traction in the years to come.

Electric Passenger Cars market accrued earnings worth approximately 122.1(USD Billion) in 2021 and is predicted to gain revenue of about 243.5(USD Billion) by 2027, is set to record a CAGR of nearly +33% over the period from 2021 to 2027.

Demand for producing fuel-efficient vehicles with a need for reducing carbon footprints will create new growth opportunities for electric passenger cars industry in the foreseeable future. Increase in the crude oil prices and requirement for reducing depletion of oil reserves will pave a way for expansion of electric passenger cars market over the upcoming years.

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With technological breakthroughs, regulations, customer acceptance, self-driven vehicles, and ride sharing activities influencing automotive industry, electric passenger cars market is anticipated to witness accelerated surge over the upcoming years.

Key Players
Daimler AG, General Motors Company, BYD Company Ltd., Tesla, Nissan Motor Company, Ford Motor Company, SAIC Motor Corporation Limited, Volkswagen AG, Mitsubishi Motors Corporation, and TOYOTA MOTOR CORPORATION.

Product innovations has brought a paradigm shift in the automotive vehicle manufacturing sector and helps in reducing electric vehicle battery costs. This, in turn, will push business growth in the next couple of years.

Furthermore, surge in use of electric vehicles is a part of broader business strategy adopted by reputed vehicle manufacturing firms for reducing GHG emissions in atmosphere due to raising environmental concerns.

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Market Segmentation
By Product
• Battery Electric Vehicle
• Plug-in Hybrid Electric Vehicle

Involving demand estimation, new product development and entry strategies, marketing and distribution strategies in the high-risk area of new developments by helping you identify unmet needs.

Regional Analysis:
• North America (The United States, Canada, and Mexico)
• Europe (Germany, France, UK, Russia, and Italy)
• Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
• South America (Brazil, Argentina, Colombia, etc.)
• The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Research & Analysis solutions, including:
• Historical, current and projected market Research in terms of volume and value.
• In-depth market Segmentation.
• Changing market dynamics of the industry size, share and Growth Prospective.
• To get a comprehensive overview of the Electric Passenger Cars
• Electric Passenger Cars Competitive landscape and Foresight.

Table of Contents:
Chapter 1: Global Electric Passenger Cars Market Overview
Chapter 2: Market Data Analysis
Chapter 3: Technical Data Analysis
Chapter 4: Government Policy and News
Chapter 5: Global Electric Passenger Cars Market Manufacturing Process
and Cost Structure
Chapter 6: Productions Supply Sales Demand Market Status and Forecast
Chapter 7: Key Manufacturers
Chapter 8: Up and Down Stream Industry Analysis Art Supplies
Chapter 9: Marketing Strategy
Chapter 10: 2021-2027 Electric Passenger Cars Market Development Trend
Analysis
Chapter 11: New Project Investment Feasibility Analysis

Rebecca Parker
(Report Consultant)
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sales@reportconsultant.com
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