Global Electric Car Market : Industry Analysis and Forecast (2020-2027)

Posted by maximizenetworkid on December 30th, 2020

Global Electric Car Market was valued at US$ XXX Mn in 2019 and is expected to reach US$ XXX Mn by 2027, at a CAGR of XX% during a forecast period.

Major driving factors of the Electric Car Market are influencing by regulatory actions, customer choice, and the availability of specific models. Generous subsidies and tight regulation continue to drive much of the growth. Changes related to battery technology and charging infrastructure are boosting the market. Energy and petrochemical companies are committed to expanding charging infrastructure. The government policy has been at the forefront driving the switch to new energy vehicles. Poor charging infrastructure and shorter life span will act as a restraint to the market.

Based on the Technology, BEVs is expected to hold the largest share in the market during the forecast period. Battery Electric Vehicles (BEVs), mare called EVs, are also called fully-electric vehicles with rechargeable batteries and no gasoline engine. Battery electric vehicles store have electricity onboard with high-capacity battery packs. batteries are the most widely used because of their price and reliability, maintenance-free solutions, batteries are offering top performance and optimum vehicle capacity to their very limited weight, and also having a long lifespan; in addition, partial recharging is possible and growth factor in this segment.

In Segment, The Economy segment is also expected for significant growth rate during the forecast period.
In terms of region, Asia Pacific is expected to hold the largest share in the market during the forecast period. In Asia Developing countries are changing for rapid development in their economies through industrialization often make the automotive industry a strategic sector to be promoting to occupy a significant proportion to an economy due to its extensive upstream and downstream linkages to many diverse industries and sectors. the rapidly increasing in vehicle production in the China, Japan, India and Indonesia are explaining the increases in their per capita income that followed their rapid economic growth. Europe region is also expected to grow at a significant rate during the forecast period.

The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, brand portfolio expansion, mergers, collaborations, joint ventures, acquisitions, PESTLE analysis, Value Chain Analysis, and SWOT analysis.

 Electric Car Market Visit Full Report below links : https://www.maximizemarketresearch.com/market-report/global-electric-car-market/24473/
Scope of the Report for Electric Car Market

Global Electric Car Market, By Technology

• BEV
• PHEV
Global Electric Car Market, By Segment

• Economy
• Low
• Medium
• Premium
Global Electric Car Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Electric Car Market

• Honda Motor Co., Ltd.
• Toyota Motor Corporation
• Tesla Motors, Inc.
• Ford Motor Company
• Nissan Motor Corporation Ltd
• Bayerische Motoren Werke Aktiengesellschaft
• BYD Company Limited
• Daimler AG
• Energica Motor Company S.p.A
• Volkswagen AG
• Smith Electric Vehicles
• Renault S.A
• Mitsubishi Motors Corporation
• Mahindra and Mahindra
• Tesla

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