openPR Logo
Press release

Electric Vehicle Market Expected To Witness Double Digit Growth Between 2016 - 2022 - Credence Research

03-15-2018 07:38 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Credence Research Inc

Electric Vehicle Market Expected To Witness Double Digit Growth

According to a new market report published by Credence Research Inc “Electric Vehicle Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2022,” the global electric vehicle market is expected to witness double digit growth with flexible credit policies and governments’ efforts to reduce CO2 emission in developed and developing nations.

Countries across the world are feeling heat from increasing economic burden to increasing fuel prices. Governments of developed and developing economies are looking forward to reduce their economic burden by reducing fuel consumption in respective countries. In order to achieve this, countries across the world are promoting the use of electric vehicles. In addition, several countries have introduced stringent emission control regulation to reduce green house gas effect and CO2 emission. All these factors are supporting the demand for electric vehicles across the world. High price of electric vehicle is limiting the growth of electric vehicles market. However, some countries have introduced flexible credit policies for purchase of new electric vehicle which is expected to overcome this market challenge.

Browse Full Report At : http://www.credenceresearch.com/report/electric-vehicles-market

The market electric vehicle market was dominated hybrid electric vehicles in 2015 and is expected to maintain its dominance through the forecast period 2016 – 2022. Hybrid vehicle reduces fuel consumption by 20% to 30%. In addition, hybrid electric vehicle significantly reduces CO2 consumption and green house gasses. Increasing fuel prices and mandatory policies to reduce greenhouse gases (GHG) are also expected to propel the demand for hybrid electric vehicles across the world. The sale of plug-in electric vehicle grew rapidly in the last five years (2011 – 2015) with cost reduction, technology development, introduction of several models, and increase in charging stations. Electric vehicles are gaining recognition in the United States, Europe, Japan and some developed countries in Asia Pacific due to strong government support with introduction of credit policies for new electric vehicles and vehicle fuel efficiency regulations.

Industry competition is growing steadily with as automakers across the world are looking to enter in this potential market. Automobile manufacturers are focusing on developing advanced models at competitive prices will increase the choices for consumer which is further expected to spur the demand for electric vehicles across the world. Some major players in the global market includes Nissan Motor Corp, Chevrolet, Tesla Motor Inc, Toyota Motor Corporation, The Ford Motor Company, Bayerische Motoren Werke AG, Volkswagen AG, Honda Motor Co Ltd, AB Volvo, Toyota Motor Corporation and others.

To Get Complete Report @ http://www.credenceresearch.com/report/electric-vehicles-market

Browse All Reports of This Category :- http://www.credenceresearch.com/industry/automotive-and-transportation-market

Blog : http://www.mobilecomputingtoday.co.uk/4262/global-electric-vehicle-market-expected-witness-double-digit-growth-2016-2022-credence-research/

About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Contact:
Name: Chris Smith
Designation: Global Sales Manager
E-mail: sales@credenceresearch.com
Ph: 1-800-361-8290
Web: http://www.credenceresearch.com

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 Expected To Witness Double Digit Growth Between 2016 - 2022 - Credence Research here

News-ID: 979130 • Views:

More Releases from Credence Research Inc

ePrison Market is gaining huge growth |Market valued at US$ 1.81 Bn in 2018
ePrison Market is gaining huge growth |Market valued at US$ 1.81 Bn in 2018
The global ePrison market was valued at US$ 1.81 Bn in 2018 and is expected to expand at a CAGR of 6.2% during the forecast from 2019 to 2027. Market Insight ePrison solutions help administrators of correctional homes & prisons to get real-time access to information about staff and prison inmates, thereby helping to ensure discipline, safety, and gauge the needs of inmates. The use of these solutions is not only limited
Cochlear Implants Market - Growth, Future Prospects & Competitive Analysis, 2018-2026
Cochlear Implants Market - Growth, Future Prospects & Competitive Analysis, 2018 …
Cochlear Implants– Global Market Size, Analysis, Share, Trends, Growth and Forecast to 2026 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China). The report firstly introduced the Cochlear Implants: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures and
Marine Internet Of Things (IoT) Market Growth, Future Prospects & Competitive Analysis, 2018 – 2026
Marine Internet Of Things (IoT) Market Growth, Future Prospects & Competitive An …
Marine Internet Of Things (IoT)– Global Market Size, Analysis, Share, Trends, Growth and Forecast to 2026 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China). The report firstly introduced the Marine Internet Of Things (IoT): definitions, classifications, applications and market overview; product
Laundry Care Market : Key Trends with Market size, Industry Share, Market players and Forecast to 2026
Laundry Care Market : Key Trends with Market size, Industry Share, Market player …
Credence Research lately added a new report titled "Laundry Care Market - Industry Size, Global Trends, Growth, Opportunities, Market Share and Market Forecast - 2018 to 2026" to its repository. This latest research study investigates the Laundry Care market through different segments primarily based on type, application and end-use, market participants, areas and presents country-level evaluation over the forecast period from 2018 to 2026. Browse Here For Full Report with ToC:

All 5 Releases


More Releases for Motor

SUV Market 2021 Precise Outlook- Honda Motor, Toyota Motor, Nissan Motor, Ford M …
The report presents an in-depth assessment of the SUV Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for SUV from 2021 till 2027. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and
Electric Vehicle Motor Market by Type (Alternate Current (AC) Motor (Synchronous …
Electric vehicle motor is an electromechanical device used to provide power to electric vehicles by converting electric energy into mechanical energy. This phenomenon is achieved by the interaction of electric motors magnetic field and current. Electric vehicle motor comprises bearings, end bracket, frame, cooling frame, rotor, and stator. The electric vehicle motor market is expected to witness lucrative growth during the forecast period due to increase in the number of
Passenger Vehicle Market Outlook to 2025 - Top Leading Players Toyota Motor, Vol …
Worldwide Passenger Vehicle Market Analysis to 2025 is a specialized and in-depth study of the Passenger Vehicle Industry with a focus on the global market trend. The report aims to provide an overview of global Passenger Vehicle Market with detailed market segmentation by product/application and geography. The global Passenger Vehicle Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status
Micro Motor Industry - Johnson Electric, Siemens, Mitsuba Corporation, Nidec Mot …
Global Micro Motor Market is set to rise from its initial estimated value of USD 28.13 billion in 2018 to an estimated value of USD 39.86 billion, registering a CAGR of 4.45% in the forecast period of 2019-2026. This projected rise in the value can be attributed to the increasing applications and demand from the various segments of the market. Get Sample Copy of this Report @ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-micro-motor-market Key Market Competitors: Global
Electric Vehicles Market 2030 | Honda Motor Co., Ltd., Ford Motor, Toyota Motor …
A Research Report Insights (RRI) report reveals that the global market for electric vehicles is set to cross US$ 99 Billion in terms of value by 2016 end. As per the report, the market is expected to reach US$ 596.56 Billion by 2030, riding on a CAGR of 15.6%. Increasing demand for clean and green energy and rise in global air pollution is compelling socio-economic institutions to rethink over the structures
Electric Vehicle Motor Market by Type (Alternate Current (AC) Motor (Synchronous …
Electric vehicle motor is an electromechanical device used to provide power to electric vehicles by converting electric energy into mechanical energy. This phenomenon is achieved by the interaction of electric motors magnetic field and current. Electric vehicle motor comprises bearings, end bracket, frame, cooling frame, rotor, and stator. Access Full Report: https://www.alliedmarketresearch.com/electric-vehicle-motor-market The electric vehicle motor market is expected to witness lucrative growth during the forecast period due to increase in