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(I-AutoNewsWire.com, February 05, 2019 ) An electric vehicle market uses one or more electric motors for propulsion. Advancements in battery technology have helped increase driving range of an electric vehicle. Hence, popularity of EVs has grown in the recent past. With a view to reduce crude oil consumption, automotive emissions, & air pollution, governments around world are adopting and implementing favorable policies to promote electric vehicles.
#Download Free PDF Brochure of Electric Vehicle Market now available at <||>rnhttps://www.reportsnreports.com/contacts/requestsample.aspx?name=1551861 .
The global electric vehicle sales in 2017 reached 1.19 million units and is projected to grow at a CAGR of 32.57% to reach 10.79 million units by 2025. The base year for the study is 2017, and the forecast period is from 2018 to 2025. Objective of study is to define, describe, and provide a detailed analysis of electric vehicles market. The report segments the market by propulsion, by vehicle type, by V2G, by charging station type, by charging infrastructure, by power output, by installation type, and by region.
An electric passenger car is the largest segment in the global electric vehicle market. The growth can be attributed to the growing demand for fuel-efficient vehicles, increasing environmental awareness among consumers, and competitive pricing in comparison to the ICE passenger cars.
North America is fastest Electric vehicle market for electric vehicles followed by Asia Pacific. Existing grants and subsidies, tax rebates, and availability of charging infrastructure are contributing to the growth in EV sales in this region. The OEMs in North America such as Tesla and GM have focused on the development of faster, cleaner, and high-performance electric vehicles.
#More Information Electric Vehicle Market at <||>rnhttps://www.whatech.com/market-research/transport/551384-electric-vehicle-market-set-to-grow-at-32-57-cagr-and-projected-to-sold-10-79-million-units-by-2025-driven-by-asia-apac-and-middle-east .
Major restraints considered in the study include the poor charging infrastructure, limited vehicle range, and the short lifespan of the EV battery, which restricts the sales of electric vehicles. Government support is considered to be the most crucial factor affecting the EV sales as the availability of subsidies, grants, and tax rebates help in pricing EV cars competitively as compared to ICE cars.
Players Profiled in the Report are: • Tesla Motors, Inc. (US) • Nissan Motor Corporation (Japan) • BYD Company Limited (China) • BMW (Germany) • Volkswagen (Germany) • Toyota (Japan) • Ford (US) • Volvo (Sweden) • Daimler (Germany) • Hyundai (South Korea) • Honda (Japan) • Continental (Germany)
Click now for more Details, Queries, Other Information and Discount on this study “Electric Vehicle Market by Propulsion (BEV, PHEV, FCEV), Vehicle (PC, CV), Charging Station (Normal, Super, Inductive), Charging Infrastructure (Normal, Type-2-AC, CHAdeMO, CCS, Tesla SC), Power Output, Installation, and Region - Global Forecast to 2025” report @ https://www.reportsnreports.com/contacts/discount.aspx?name=1551861 .
The objective of the study is to define, describe, and provide a detailed analysis of electric vehicles. The report segments the market by propulsion, by vehicle type, by V2G, by charging station type, by charging infrastructure, by power output, by installation type, and by region.
The primary aim of the research study is to provide in-depth analysis of the global electric vehicle market, and detailed analysis of the dynamics driving the electric vehicle market. A detailed study of various market leaders has been done, and opportunity analysis has been provided in the report.
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Source: EmailWire.Com
Source: EmailWire.com
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