Global Electric Vehicle Market is Strongly Driven by Environmental Concerns and Government Initiatives Around The World

Posted on 2018-09-25 by Goldstein Research in Automotive // 0 Comments

New York, USA, 2018-Sep-25 — /EPR Network/ —According to Goldstein Research, adoption of electric vehicles is majorly motivated by several factors, including strong technological progress in battery technology, cost reductions, purchase incentives, and government strategy supports and advanced charging infrastructure development. Further, automotive OEMs also announced the electric vehicle deployment targets. These OEMs included Tesla which is aiming to deploy around 1 million electric cars by 2020 and Volkswagen also unveiled the plans for a significant shift towards the production electric vehicles Global electric vehicles industry outlook also includes new business models, product developments and capital investment as the key strategies adopted by the major players for significant expansion of business in developed and as well as in developing countries across the globe.

For instance, in total, the automotive industry is anticipating 127 battery-electric models to be announced globally over the next five years. Current investments by major automotive OEMs and acquisitions by energy companies indicate that more energy players are taking action on the necessity of establishing a foothold in EV charging infrastructure.

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Market Segmentation

On the basis of our in-depth analysis, global electric vehicle market can be segmented as follows:

By Technology Type

Hybrid cars
Plug-in Hybrid Cars
Battery Electric Vehicles

By Vehicle Type

Passenger Cars
Commercial Vehicles
Two Wheelers
Others (ATVs etc.)

By Geography

North America (US, Canada) {Market Share (%), Market Size (USD Billion)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}
Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion) }
Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion) }
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion) }

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“Global Electric vehicle Market Outlook 2024” contains detailed overview of the global electric vehicle 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 vehicle Market Analysis 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 Nissan Motor Corporation, Honda Motor Co., Ltd., Toyota Motor Corporation, Tesla Motors, Inc., Ford Motor Company, BayerischeMotorenWerke AG, General Motors and Daimler AGetc. 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 vehicle 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.

Key questions answered in this Global Electric vehicle Market Report

What is the global electric vehicle market Size by 2024 and what would be the expected growth rate of the industry?
What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
What are the electric vehicle market trends?
What are the factors which are driving this industry?
What are the major barriers to electric vehicle industry growth?
Who are the key vendors in this industry space?
What are the industry opportunities for the existing and entry level players?
What are the recent developments and business strategy of the key players?

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the industry, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts.

Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview.

Our analysts working on automotive industry market research report to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current industry scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

Market Segmentation

By Technology Type

By Vehicle Type

By Geography

About Goldstein Research

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