Emergen Research has recently added a new report titled Global Electric Vehicles Market Forecast to 2027 that offers a comprehensive idea about the vital elements of the Electric Vehicles market. The report estimates the market is expected to show significant growth over the projected timeline owing to technological advancements and developments. The report thoroughly examines the historical data (2018-2019) and current market scenario to offer accurate estimations for the growth of the industry in the forecast timeline 2020-2027. The report also offers insightful data about market drivers and restraints, threats, opportunities, and current and emerging trends of the market.
The pandemic has severely affected the automotive & transportation industry and disrupted the supply chain, raw material supplies, and demand for the product in the automotive industry. As people are facing a financial crisis, there are changes in consumer buying behavior, which can adversely affect the industry. The liquidity shortfall and the cash crisis have already affected the sales of the product. Additionally, many companies are withdrawing their investments, and the government of several countries is cutting down the incentives provided by them earlier, which are hampering the growth of the market.
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Key Highlights From The Report
- The Commercial Vehicle is expected to register the highest CAGR of 23.0% over the forecast period as the government of the developing countries is replacing the fuel-based bus with electric buses in order to reduce the CO2 emission.
- Asia-Pacific has the highest adoption rate in the market due to the increasing urban population in countries such as China, Malaysia, India, and Indonesia and the increasing disposable income of the consumers.
- Key participants include Volkswagen Group, Tesla Motors, BYD Company Ltd., Ford Motor Company, Nissan Motor Company, Toyota Motor Corporation, Daimler AG, BMW, Mitsubishi Motors Corporation, and Hyundai, among others.
Electric Vehicles Market Segmentation:
Emergen Research has segmented the global Electric Vehicles Market on the basis of Product, Vehicle Type, Vehicle Class, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Plug-in hybrid electric vehicle (PHEV)
- Battery electric vehicle (BEV)
- Hybrid electric vehicle (HEV)
- Fuel cell electric vehicle (FCEV)
Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)
- Commercial Vehicle
- Two wheeler
- Passenger Car
Vehicle Class Outlook (Revenue, USD Billion; 2017-2027)
- Luxury
- Mid-Priced
The regional bifurcation of the market analyzes key market segments such as North America, Latin America, Europe, AsiaPacific, and Middle East & Africa.In conclusion, the research report on the Electric Vehicles market assesses growth prospects, opportunities, challenges, risks, threats, and trends to offer a comprehensive idea of the regional and global Electric Vehicles market.
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Key Benefits of the Global Electric Vehicles Market Report:
- Comprehensive analysis of the changing competitive landscape
- Assists in decision making processes for the businesses along with detailed strategic planning methodologies
- The report offers an 8-year forecast estimation and assessment of the Global Electric Vehicles Market
- Helps in understanding the key product segments and their estimated growth rate
- In-depth analysis of market drivers, restraints, trends, and opportunities
- Comprehensive regional analysis of the Global Electric Vehicles Market
- Extensive profiling of the key stakeholders of the business sphere
- Detailed analysis of the factors influencing the growth of the Global Electric Vehicles Market
Table Of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Electric Vehicles Market Segmentation & Impact Analysis
4.1. Electric Vehicles Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing Environmental Awareness
4.2.2.2. Increasing R&D for the development of new technologies
4.2.2.3. Rising investments in Electric Vehicles by manufacturers
4.2.2.4. Increasing Government schemes and initiatives
4.2.3. Market restraints analysis
4.2.3.1. Growing Budget constraints
4.2.3.2. Lack of charging infrastructure
4.2.3.3. High cost of the Electric Vehicles
4.2.3.4. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
READ MORE…!
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