Mergers And Acquisitions To Determine The Growth Quotient (Gq) Of The Electric Vehicles Market

Electric Vehicles market is projected to be worth 35K thousand units by the year 2031. It is, in fact, expected to witness a whopping CAGR of over 25% between 2021 and 2031. This could be reasoned with an ever-increasing demand for lower emission/zero emission vehicles.

Also, governments across the globe are excessively investing in electric vehicles through tax rebates and subsidies. What’s more interesting is the fact that economies all over are setting up targets regarding reduction of emissions as per their upper limits.

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Governments are also helping in development of charging stations along with hydrogen fueling stations and making way for incentives to the purchasers. At the same time, developing economies are a bit slow in setting up the charging stations as the installation cost is on the higher side.

Persistence Market Research has seen through the future of the automotive industry through electric vehicles in its report entitled “Electric Vehicles Market”.

North America, Europe, and the Asia-Pacific – all three are exploring the electric vehicles to the best of their capacities. In the Asia-Pacific, it’s South Korea, Japan, and China leading from the front. India is also coming up with new vehicle scrappage policy wherein scrapping of old vehicles is feasible, post which low emission ones could be the replacement. Persistence Market Research has left no stone unturned in designing the caricature of electric vehicles market geography-wise.

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Persistence Market Research has listed the players as follows:

Nissan Motor Corporation
BMW AG
Honda Motor Co., Ltd.
Mitsubishi Motors Corporation
Toyota Motor Corporation
Volkswagen AG
Tesla Motors, Inc.
Groupe Renault
Ford Motor Company
Daimler AG
General Motors Company
Groupe PSA

On the developments’ front, Persistence Market Research has mentioned that Toyota, in April 2021, came up with the novel Mirai and LS models in Japan with advanced driving assist technology. It has also mentioned that BYD, around the same time, came up with new models – E2 2021, Song Plus EV, Qin Plus EV, and Tang EV with several advanced battery safety features.

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On the whole, electric vehicles market is there to grow on a stellar note in the next decade – Persistence Market Research

Persistence Market Research, a research and consulting firm, has published a market research report on the motorcycle market that contains global industry analysis of 2016–2020 and opportunity assessment for 2021–2031. The report provides in-depth analysis of the market through different segments, namely, product, technology, and region.

Related Reports:

Plug In Hybrid Electric Vehicles Market - https://www.persistencemarketresearch.com/market-research/plug-in-hybrid-electric-vehicles-market.asp

India Electric Vehicles Market - https://www.persistencemarketresearch.com/market-research/india-electric-vehicles-market.asp

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This release was published on openPR.