Global Electric Vehicles Market Research Report 2017Posted by Bharat Book on November 29th, 2017 Global Electric Vehicles Market is estimated to reach 8.3 Billion by 2024; growing at a CAGR of 8.4% from 2016 to 2024. Electric vehicles utilize one or more electric motors for propulsion, that are powered by rechargeable batteries. These batteries can be recharged using dedicated charging unit or grid electricity. These vehicles are more energy efficient than conventional gasoline or diesel engines. Moreover, they are capable of significantly reducing environmental pollution and are capable of recovering braking energy as electricity that can be restored to the battery or sent back to grid. Materials handling and industrial vehicles have been not covered in the report.
Declining price of batteries, increasing production and sales of automobiles, rising government support by providing incentives on purchase of electric cars, and growing fuel prices are the key factors supporting the growth of the global electric vehicles market. Though, non-availability of adequate charging points, and high cost of these vehicles could hinder the market growth. Additionally, government initiatives pushing the sales of electric vehicles, and supporting infrastructure would create growth opportunities in years to come. Request a free sample copy of Electric Vehicles Market Report@ The bifurcations of global electric vehicles market are type, and geography. By type, the segment includes electric buses, electric bikes and scooters, electric cars, and others. Based on geography, the global electric vehicles market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consist of UK, Germany, France, Italy, and others. Asia-Pacific is segmented into China, Japan, India, South Korea, and others, while RoW is bifurcated into South America, Middle East, and Africa. The key players competing in the market are Ford Motor Company, Tesla Inc., Toyota Motor Corporation, Nissan Motor Corporation, Volkswagen, Bayerische Motoren Werke AG, General Motors, Honda Motor Co., Ltd., Groupe Renault, and Daimler AG, among others. The key takeaways from the report Scope of Global Electric Vehicles (On Road) Market Type Segments Geographical Segments North America Europe Asia Pacific RoW Browse our full report with Table of Contents : About Bharat Book Bureau: Contact us at: Follow us on : Twitter, Facebook, LinkedIn, Google Plus Like it? Share it! More by this author |
