Press release
Future of EV Platforms Market Expansion, Competitive Dynamics & Investment Opportunities (2023-2032)
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COVID-19 Impact Analysis
The Covid-19 pandemic had a negative impact on the EV Platform Market. Global blockade restrictions have disrupted the production and sales of new vehicles, including EV platform market. Furthermore, due to the interruption of the supply chain, the raw materials needed to produce different parts of electric vehicles like EV platforms were not available, resulting in production delays. This led to a rapid decline in the industrial economy. However, with the growing trend of cleaner travel worldwide, the industry is looking forward to an economic recovery after the COVID-19 pandemic.
Top Impacting Factors
Increase in the demand for EVs globally, shift of automotive industry towards EVs and continuously declining price of li-ion battery drive the growth of the global EV platform market.
High cost of electric vehicles in comparison to ICE vehicles and stringent rules for installation of charging stations hinder the growth of the global EV platform market.
Supportive government policies and investment for the deployment of the public charging infrastructure provide lucrative opportunities for the global EV platform market.
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Market Trends
Future EV Platforms - Flexible and Multifaceted
As the automotive industry moves toward connected, autonomous, shared, and electric vehicles (CASE), original equipment manufacturers (OEMs) are working hard to redesign their existing platforms to accommodate electric vehicle (EV) components such as batteries and engines. However, the shift from being vehicle-centric to service-centric requires the development of new digital platforms (software, backhaul connectivity, and cloud) in the industry. The future modular electric vehicle platform will be flexible and multifaceted, building multiple models and shapes in a single program, helping OEMs save the time, energy, and money needed to launch new models. In the future, the automobile industry will no longer be limited to traditional automobile manufacturing methods. Sales will focus on creating new sources of downstream revenue, focusing on users rather than cars. Although the initial investment required to develop a dedicated and scalable platform is very high, the excessive flexibility provided by the platform will offset this investment through economies of scale. In addition, compared with other platforms, building different BEVs on an EV platform requires much less time, investment, and effort. Thus, the emergence of flexible and multifaceted EV platforms in near future is expected to bring a revolutionary change in the market and will propel the overall market growth during the forecast period.
Key Benefits of the Report:
This study presents the analytical depiction of the EV platform industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with challenges of EV platform market.
The current market is quantitatively analyzed to highlight the growth scenario of the EV platform market.
The report provides a detailed EV platform market analysis based on competitive intensity and the competition that will take shape in coming years.
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Questions Answered in the EV Platform Market Research Report:
Who are the leading market players active in the EV platform market?
What would be the detailed impact of COVID-19 on the market?
What are the current trends that would influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the EV platform market?
What are the future projections that would help in taking further strategic steps?
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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