Press release
Global Passenger Electric Vehicle Market Growth Prospects, Competitive Analysis, Trends, Impressive 31.2% CAGR, Future Opportunities During Forecast Period 2023-2032: Tesla Motors Inc., BMW AG, Nissan Motor Corporation
Passenger Electric Vehicle Market
As per the passenger electric vehicle market report by The Business Research Company, the rising concerns about environmental factors, including global warming and climate change, are increasing the demand for electric vehicles and, subsequently, driving the passenger electric vehicle market. Due to rising environmental concerns, more people have been shifting to alternate modes of transport that cause less pollution. This has resulted in a substantial increase in the purchase of electric vehicles across the globe. Electric vehicles are one of the most sustainable modes of transportation as they do not emit climate-damaging greenhouse gases or health-harming nitrogen oxide.
The global passenger electric vehicles market grew from $278.75 billion in 2022 to $365.72 billion in 2023 at a compound annual growth rate (CAGR) of 31.2%. The passenger electric vehicles market is expected to grow from $1,083.65 billion in 2027 at a CAGR of 31.2%.
Read More On The Passenger Electric Vehicle Market Report Here:
https://www.thebusinessresearchcompany.com/report/passenger-electric-vehicle-global-market-report
Major competitors in the passenger electric vehicles market are Tesla Motors Inc., BMW AG, Nissan Motor Corporation, Ford Motor Company and Toyota Motor Corporation, Tesla Motors, Inc., BMW AG.
The passenger electric vehicle market is segmented -
• By Type: Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle
• By Vehicle Type: Sedan, Hatchback, SUV
• By Charging Infrastructure: Normal Charging, High Power Charging
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the passenger electric vehicle market.
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The passenger electric vehicles market consists of sales of hybrid electric vehicles (HEVs) and extended range electric vehicles (E-REVs). Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The Table Of Content For The Passenger Electric Vehicle Market Include:
1. Executive Summary
2. Passenger Electric Vehicle Market Characteristics
3. Passenger Electric Vehicle Market Trends And Strategies
4. Passenger Electric Vehicle Market- Macro Economic Scenario
5. Passenger Electric Vehicle Market Size And Growth
6. Passenger Electric Vehicle Market Segmentation
…………
27. Passenger Electric Vehicle Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Passenger Electric Vehicle Market
29. Passenger Electric Vehicle Market Future Outlook And Potential Analysis
30. Appendix
The "Global Passenger Electric Vehicle Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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