Electric Vehicles Market 2021 with Industry Analysis, Current Trends, Growth Statistics, Share, Size and Forecast to 2025 | Komatsu, John Deere, Caterpillar

The Global Electric Vehicles Market Report provides a comprehensive overview of the market by product type, application, key companies, key regions and countries, market share and growth opportunities. The report also provides a detailed analysis of the competitive landscape of the market and the major suppliers / constructors of the market. The survey identified key players in Electric Vehicles from different regions, and through in-depth discussions, they understood their offers, their presence in the region, and their distribution channels.

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Competitive Section-

Komatsu

John Deere

Caterpillar

Overview-

An electric vehicle operates on an electric motor that requires a constant supply of energy from batteries instead of an internal combustion engine. They provide higher fuel economy, low carbon emission & maintenance, the convenience of charging at home, smoother drive, and reduced sound from the engine. There are three types of electric vehicles: battery, hybrid, and plug-in hybrid electric vehicles. Electric vehicles use one or more electric motors or traction motors for propulsion and are powered by a collector system through electricity or EV charging devices.

On the basis of product, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into-

Electric technology, Hybrid powertrain technology

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Electric Vehicles for each application, including-

Construction, Agriculture, Mining

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Drivers-

Increasing demand for fuel-efficient, high-performance, and low-emission vehicles along with stringent government rules and regulations toward vehicle emission propels the growth of the electric vehicle market. According to the International Energy Agency (IEA), the sales of electric cars reached 2.1 million globally in 2019. Moreover, the growing trend of replacement of fossil fuel-based public transport fleet with electric buses will drive the growth of electric commercial vehicles

Regional Insights-

The Asia Pacific market is expected to dominate the Electric Vehicles Market over the forecast period. The automotive industry in countries such as China, Japan, India, and South Korea is inclined toward innovation and development of the advanced electric vehicle. The market is driven by initiatives taken by governments of various countries to promote the manufacturing of electric vehicles (EVs).

For instance, in 2019, the government of India announced its plans to spend US$ 1.4 billion to subsidize sales of hybrid and electric vehicles until 2022.

North America (United States, Canada and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa

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