Electric Passenger Vehicles Market is on Track to Accelerate to 50% of new car sales by 2040

According to Goldstein Research, one of the major and strongest promoters for EV market attractiveness is the presence of monetary and non-monetary government subsidies. Global electric passenger vehicles market segmentation includes technology types such as hybrid cars, plug-in hybrid cars and battery electric vehicles. Vigorous research and development activities and consumer awareness campaigns will soar up the global electric passenger vehicles market growth. According to our analysts electric passenger vehicle market is projected to register a CAGR of 16.4% during the forecast period i.e. 2016-2024. Global electric passenger vehicles market is majorly growing in regions where presence of electric passenger vehicle charging infrastructure in countries such as U.S, China and Western Europe are significantly developing.
Market Segmentation
On the basis of our in-depth analysis, Global Electric Passenger Vehicles Market can be segmented as follows:
• By Technology Type
o Hybrid cars
o Plug-in Hybrid Cars
o Battery Electric Vehicles
• By Vehicle Type
o Four Wheelers
o Two Wheelers
• By Region
o North America (US, Canada) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Million), Product Sales (Units)} § Rest of the World{Market Share (%), Market Size (USD Million), Product Sales (Units)}
“Global Electric Passenger Vehicles Market Outlook 2024” contains detailed overview of the global electric passenger vehicles market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by technology and by vehicle type.
Further, for the in-depth analysis, Global Electric Passenger Vehicles Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as tesla Motors, Nissan Motor, BMW AG, General Motors, The Geely Group, Volkswagen, BYD Co. Ltd. etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global electric passenger vehicles market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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