Press release
Electric Car Market Size 2024: Global Share, Industry And Report Analysis By 2031 | Hyundai Motor Co. Jaguar Land Rover Ltd. Nissan Motor Co.
Electric Car Market
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The battery electric car segment is expected to hold the largest share of the market. The primary factors supporting the growth include improvements in battery technology have resulted in increased safety, faster charging times, longer range, and improved economics for users. Electric vehicles are efficiently powered by batteries, which have various advantages over conventional options. These batteries power electric cars that help reduce emissions and air pollution, particularly in areas where a large portion of energy comes from renewable sources. According to the US Energy Information Administration, in January 2024, combined sales of hybrid vehicles, plug-in hybrid electric vehicles, and battery electric vehicles (BEV) in the US increased to 16.3% of total new light-duty vehicle (LDV) sales in 2023. In 2022, hybrid, plug-in hybrid, and BEV sales were 12.9% of total sales. Manufacturers added 20 new BEV models during 2023 (mostly in the second half) for 70 BEV models at year-end out of 459 unique LDV models.
full report of Electric Car Market available @ https://www.omrglobal.com/industry-reports/electric-car-market
• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others
Global Electric Car Market report Segment
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
The Report Covers
• Comprehensive research methodology of the Global Electric Car Market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Global Electric Car Market.
• Insights about market determinants which are stimulating the Global Electric Car Market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.
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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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Contact Person: Mr. Anurag Tiwari
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