openPR Logo
Press release

Electric Vehicle market projected to grow at CAGR of +13% by 2030 | Ampere Vehicles, BMW AG, BYD Company, Chevrolet Motor, Daimler AG, Energica Motor, Ford Motor, General Motors

05-21-2024 09:32 AM CET | Tourism, Cars, Traffic

Press release from: The Research Insights

/ PR Agency: The Research Insights
Electric Vehicle market projected to grow at CAGR of +13% by 2030 |

An electric motor powers an electric vehicle (EV) instead of an internal combustion engine, which produces power by burning a mixture of fuel and gases. Therefore, to solve issues such as increased pollution, global warming, the depletion of natural resources, etc., such a vehicle is considered a potential substitute for current-generation automobiles. Initiatives implemented by governments of various nations to encourage the production and acceptance of electric vehicles are driving the industry (EVs). Customers are being encouraged to embrace electric vehicles by growing knowledge of the environmental dangers posed by emissions from combustion-engine automobiles.

The global Electric Vehicle market in terms of revenue was estimated to be worth USD 388.1 billion in 2023 and is poised to grow at a CAGR of 13.7% from 2023 to 2030.

Get Free Sample Copy of this Report @:
https://www.theresearchinsights.com/request_sample.php?id=558062

Top companies covered in this Report:
Ampere Vehicles, Benling India Energy and Technology Pvt Ltd, BMW AG, BYD Company Limited, Chevrolet Motor Company, Daimler AG, Energica Motor Company S.p.A., Ford Motor Company, General Motors, Hero Electric.

The global electric vehicle (EV) market is experiencing rapid growth, driven by factors such as increasing environmental concerns, government incentives and subsidies, and advancements in battery technology. Advancements in battery technology, particularly in terms of energy density and cost reduction, are also driving market growth. The increasing affordability of lithium-ion batteries, which are used in most EVs, is making electric vehicles more accessible to a broader range of consumers. In addition, improvements in charging infrastructure, including the expansion of fast-charging networks, are addressing range anxiety and increasing the appeal of EVs.

Electric Vehicle Market Dynamics
• Driver: Environmental Concerns and Regulatory Support
• Restraint: High Initial Cost
• Opportunity: Technological Advancements and Battery Innovation
• Challenge: Charging Infrastructure

Get 30% discount on this report @:
https://www.theresearchinsights.com/ask_for_discount.php?id=558062

Electric Vehicle Market Segmentation by Components:
• Battery Cells & Packs
• On-Board Charge
• Motor
• Reducer
• Fuel Stack
• Power Control Unit
• Battery Management System
• Fuel Processor
• Power Conditioner
• Air Compressor
• Humidifier

Electric Vehicle Market Segmentation by Vehicle Type:
• Passenger Cars
• Commercial Vehicles
• Based on Vehicle Class:
• Low-priced
• Mid-priced
• Luxury

Electric Vehicle Market Segmentation by Top Speed:
• Less than 125 MPH
• Greater than 125 MPH

Electric Vehicle Market Segmentation by Vehicle Drive Type:
• Front Wheel Drive
• Rear Wheel Drive
• All Wheel Drive

Electric Vehicle Market by Regions:
• North America (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.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Global Electric Vehicle Market report provide insights on following points:
o Market definition of the global Electric Vehicle market along with the analysis of different influencing factors like drivers, restraints, and opportunities.
o Extensive research on the competitive landscape of global Electric Vehicle Market
o Identification and analysis of micro and macro factors that are and will effect on the growth of the market.
o A comprehensive list of key market players operating in the global Electric Vehicle market.
o Analysis of the different market segments such as type, size, applications, and end-users.
o It offers a descriptive analysis of demand-supply chaining in the global Electric Vehicle market.
o Statistical analysis of some significant economics facts
o Figures, charts, graphs, pictures to describe the market clearly.

Access Complete Report @:
https://www.theresearchinsights.com/checkout?id=558062

Contact us:
Robin
Sales manager
+91-996-067-0000
sales@theresearchinsights.com
https://www.theresearchinsights.com

About us:
The Research Insights - A global leader in analytics, research and advisory that can assist you to renovate your business and modify your approach. With us, you will learn to take decisions intrepidly. We make sense of drawbacks, opportunities, circumstances, estimations and information using our experienced skills and verified methodologies. Our research reports will give you an exceptional experience of innovative solutions and outcomes. We have effectively steered businesses all over the world with our market research reports and are outstandingly positioned to lead digital transformations. Thus, we craft greater value for clients by presenting advanced opportunities in the global market.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Electric Vehicle market projected to grow at CAGR of +13% by 2030 | Ampere Vehicles, BMW AG, BYD Company, Chevrolet Motor, Daimler AG, Energica Motor, Ford Motor, General Motors here

News-ID: 3505443 • Views:

More Releases from The Research Insights

Latest Research Report on Travel Services Market by Forecast to 2032
Latest Research Report on Travel Services Market by Forecast to 2032
The Global Travel Services Market has experienced substantial growth, driven by increasing globalization, rising disposable incomes, technological advancements, and growing consumer preference for experiential travel. The market encompasses a wide range of services, including travel planning, transportation, accommodation, and tourism activities. This article provides a detailed analysis of the market size, share, trends, and growth prospects, highlighting the factors shaping the industry's future through 2032. 𝐂𝐥𝐢𝐜𝐤 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐭𝐨 𝐠𝐞𝐭 𝐚
Commercial Insurance Market is Expected to Grow at a CAGR 2024 - 2031
Commercial Insurance Market is Expected to Grow at a CAGR 2024 - 2031
The Commercial Insurance Insights of 2024 is a thorough analysis that offers a thorough look at the market's size, revenues, market shares, various categories, drivers, and other pertinent factors in addition to trends and possible new developments. Aside from the 2031 forecast period, the research study discusses market restraints and regional industrial presence that may impact market growth patterns. In PDF version, the Commercial Insurance Market study comprises an extensive
Portable Power Station Market Forecast 2024-2031 - 46.6% CAGR Growth by 2031
Portable Power Station Market Forecast 2024-2031 - 46.6% CAGR Growth by 2031
The Portable Power Station Insights of 2024 is a thorough analysis that offers a thorough look at the market's size, revenues, market shares, various categories, drivers, and other pertinent factors in addition to trends and possible new developments. Aside from the 2031 forecast period, the research study discusses market restraints and regional industrial presence that may impact market growth patterns. In PDF version, the Portable Power Station Market study comprises
Portable Power Station Market To Grow at a Stayed CAGR from 2024 to 2031
Portable Power Station Market To Grow at a Stayed CAGR from 2024 to 2031
The Portable Power Station Insights of 2024 is a thorough analysis that offers a thorough look at the market's size, revenues, market shares, various categories, drivers, and other pertinent factors in addition to trends and possible new developments. Aside from the 2031 forecast period, the research study discusses market restraints and regional industrial presence that may impact market growth patterns. In PDF version, the Portable Power Station Market study comprises

All 5 Releases


More Releases for Vehicle

Transformative Trends Impacting the Vehicle-to-Vehicle (V2V) Communication Marke …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations. How Large Will the Vehicle-to-Vehicle (V2V) Communication Market Size By 2025? The size of the vehicle-to-vehicle (V2V) communication market has seen significant expansion in the most recent years. The market is projected to surge from $24.28 billion in 2024 to $27.1 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.6%. The
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to the report published by Allied Market Research, the global electric vehicle motor market generated $5.5 billion in 2021, and is estimated to reach $34.4 billion by 2031, witnessing a CAGR of 20.3% from 2022 to 2031. Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the growth of the Asia-Pacific market. Moreover, various technological
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
According to a recent report published by Allied Market Research, titled,"Truck Platooning Market by Technology, Platooning Type, and Communication Technology: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global truck platooning market size was valued at $500.9 million in 2017, and is projected to reach $4,590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025. To Explore More, Download Sample Report: https://www.alliedmarketresearch.com/request-sample/5245 Global truck platooning market is segmented
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to a new report published by Allied Market Research, titled, "Electric Vehicle Motor Market," The global electric vehicle motor market was valued at $5.5 billion in 2021, and is projected to reach $34.4 billion by 2031, growing at a CAGR of 20.3% from 2022 to 2031. Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the
Electric Vehicle Power Inverter Market : Hybrid Vehicle, Plug in Hybrid Vehicle, …
The electric vehicle power inverter market was valued at $8.67 billion in 2021, and is estimated to reach $22.25 billion by 2031, growing at a CAGR of 10.4% from 2022 to 2031. Download Sample Report at https://www.alliedmarketresearch.com/request-sample/9122 Factors that drive the growth of the electric vehicle power inverter market are increase in demand for electric vehicles, proactive government initiatives for the development of electric vehicle, and surge in demand for low-emission and
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
The global truck platooning market size was valued at $500.9 million in 2017 and is projected to reach $4590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025 by Technology (Adaptive Cruise Control (ACC), Blind Spot Warning (BSW), Global Positioning System (GPS), Forward Collision Warning (FCW), Lane Keep Assist (LKA), and Others), Platooning type (Driver-Assistive Tuck Platooning (DATP) and Autonomous Truck Platooning), and Communication Technology (Vehicle-to-infrastructure (V2I),