Heavy Industry News

Electric Vehicle Market 2019-2025, by General Motors, BYD, Nissan, Daimler AG, Toyota, Volkswagen, Tesla, and Mitsubishi Motors Corp

Electric Vehicle
Press Release

Global Electric Vehicle Market industry valued approximately USD xx billion in 2016 is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2017-2025. An electric vehicle works with the help of one or more electric motors for a forward motion. It may be fueled via a collector system by electricity from off-vehicle sources. The major factors driving the growth are government encouragement in the manner of exempts, subsidies, and tax returns. Enhancing charging setups, growing vehicle variety and choices and minimizing the rates of batteries.

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The extensive growth evident in the electric vehicle industry can be attributed to the increasing demands for imminent energy needs. The stringent regulations imposed by government on emissions, advancements in public charging infrastructure, and the governmental support of sale of these types of vehicles.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

EV Components:
Battery
On-Board Charger
Instrument Cluster

Charging Station:
Normal
Super Charging

Propulsion:
BEV
PHEV
HEV
FCEV

Vehicle Type:
Passenger Cars
Commercial Vehicles

Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

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Furthermore, years considered for the study are as follows:
Historical year – 2015
Base year – 2016
Forecast period – 2017 to 2025

Some of the key manufacturers involved in the market are General Motors, BYD, Nissan, Daimler AG, Toyota, Volkswagen, Tesla, and Mitsubishi Motors Corp. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.

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