The global Electric Vehicles Market is expected to reach USD 793.24 Billion by 2027, according to a new report by Emergen Research. The growth of this market can be attributed due to the growing environmental awareness among consumers and increasing government initiatives regarding the adoption of Electric Vehicles to reduce the emission levels in the environment. Increasing research and development for the technological advancement of the products is augmenting the demand for the industry.
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Key Market Competitors
The global Electric Vehicles industry is widely fragmented due to the presence of numerous competitors across several regional and local segments of the market. These players are said to dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies operating in this market are in high competition with one another in terms of technological capabilities, product development and innovation, and product pricing strategies.
Key participants include Volkswagen Group, Tesla Motors, BYD Company Ltd., Ford Motor Company, Nissan Motor Company, Toyota Motor Corporation, Daimler AG, BMW, Mitsubishi Motors Corporation, and Hyundai, among others.
Emergen Research has segmented the global Electric Vehicles Market on the basis of Product, Vehicle Type, Vehicle Class, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)
Vehicle Class Outlook (Revenue, USD Billion; 2017-2027)
The Global Electric Vehicles Market can be geographically bifurcated on the basis of regional demand, output, and estimated revenue share. The most prominent regions dictating the global market include:
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The following are the main reasons to buy the Global Electric Vehicles Market report:
The report considers the following market growth estimation timeline:
Table of Content
Chapter 1. Methodology & Sources 1.1. Market Definition 1.2. Research Scope 1.3. Methodology 1.4. Research Sources 1.4.1. Primary 1.4.2. Secondary 1.4.3. Paid Sources 1.5. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2019-2027 Chapter 3. Key Insights Chapter 4. Electric Vehicles Market Segmentation & Impact Analysis 4.1. Electric Vehicles Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Growing Environmental Awareness 4.2.2.2. Increasing R&D for the development of new technologies 4.2.2.3. Rising investments in Electric Vehicles by manufacturers 4.2.2.4. Increasing Government schemes and initiatives 4.2.3. Market restraints analysis 4.2.3.1. Growing Budget constraints 4.2.3.2. Lack of charging infrastructure 4.2.3.3. High cost of the Electric Vehicles 4.2.3.4. Present challenging economic conditions due to the pandemic 4.3. Technological Insights 4.4. Regulatory Framework 4.5. Porter’s Five Forces Analysis 4.6. Competitive Metric Space Analysis 4.7. Price trend Analysis 4.8. Covid-19 Impact Analysis
Chapter 5. Electric Vehicles Market By Product Insights & Trends, Revenue (USD Million), Volume (Kilo Tons) 5.1. Product Dynamics & Market Share, 2019 & 2027 5.1.1. Plug-in hybrid electric vehicle (PHEV) 5.1.2. Battery electric vehicle (BEV) 5.1.3. Hybrid electric vehicle (HEV) 5.1.4. Fuel cell electric vehicle (FCEV)
CONTINUED…!!
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