Global Electronic Vehicle (EV) Market Growing Swiftly As Technology Advances (2017)

Posted on 2017-11-16 by Mark Hub in Semiconductors // 0 Comments

Albany, US, 2017-Nov-16 — /EPR Network/ — Market Research Hub (MRH) has added a new report titled “Electronic Vehicle (EV) market grows strongly as technology advances – Reliance on government support and weak infrastructure however remain strong challenges. The report offer details about the current trends as well as the scope for the machine tech Industry in the coming forecast. The study also covers information about the development, growth, advancement and market share based on different global active regions. Furthermore, an anticipated growth is also highlighted in the report for the concerned sector which specifies a prosperous future.

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In July 2017 Volvo announced that from the year 2019 all cars that it manufactures will be either fully electric or hybrids. Volvo would as such become the first large automobile manufacturer to so boldly embrace the electrification of cars, and yet in a fast growing market where brand names like Tesla are increasingly becoming well recognized brands, Volvo’s move does not come as a complete surprise.

Key Questions Answered

– How fast is the EV market growing?
– Why is the EV market growing?
– What are the main challenges facing the EV market?
– Does growth in the EV market mean pollution levels will decline?

Scope

– Establishes the pace at which the Electric Vehicle (EV) market is growing.
– Explores why this growth is taking place.
– Analyzes the main challenges facing the EV market.
– Discusses whether the growth in the EV market will have a strong impact on pollution reduction.

Reasons to buy

– In the past several years, the car stock growth of the EV market has consistently been above 50%.
– In March 2017 scientists were able to invent a new battery which has three times the energy density of lithium-ion batteries.
– States have sought to boost the EV market in a number of ways. The UK and France for example have announced a ban on the sale of new fossil fuel powered vehicles from the year 2040 onwards.

Browse Full Report with TOC @ https://www.marketresearchhub.com/report/ev-market-grows-strongly-as-technology-advances-reliance-on-government-support-and-weak-infrastructure-however-remain-strong-challenges-report.html

Table of Content:

Overview 2
Catalyst 2
Summary 2
Electric Vehicle market growing rapidly 6
Electric car stock grew by 60% in 2016 6
As Teslas popularity grows Volvo and Jaguar Land Rover decide to go completely electric 7
Reasons for growth of EV Market 9
Improving technology and infrastructure making EVs a viable option 9
Battery technology improving, but charging stations need further development 9
Governments encouraging growth via subsidies and prohibitions 10
Rising climate change awareness boosting demand for eco-friendly policies 11
Challenges facing the EV market 12
Over-reliance on government support and subsidies 12
Decline in crude oil prices making fossil fuel-run vehicles competitive again 13
Lack of developed infrastructure hurting image of EV 14
Growth in EV market will not necessarily cause a strong decline in pollution 15
The largest EV market generates most of its electricity from fossil fuels 15
Construction of EV batteries not eco-friendly 16
Conclusions 17
Move towards EV dominance will hit a stumbling block if state-level support ends 17
Appendix 18
Sources 18
Further Reading 19
Ask the analyst 20
About MarketLine 20
Disclaimer 20

….continue

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