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A new era of the electric vehicle market in the coming years

The EV market collectively accounted for 1043k units in 2016 and is anticipated to tilt to 285188K units by 2030. Governments in various countries are highly focused on boosting EV sales to reduce the level of pollution and hence, global warming. With manufacturers launching new models and charging infrastructure picking up speed. The market is anticipated to witness immense growth during the forecast period.

In the report “Electric Vehicle Market: By Types (BEV, HEV, PHEV); By Modules (Body & Chassis, Powertrain, Infotainment, Safety & Protection); By Geography (America, Europe, Asia Pacific, RoW) – Forecast (2018 to 2023) “published by IndustryARC, the market will be driven by development and advanced batteries for decades to come.

Electrification is the most viable way to achieve clean and efficient transportation that is crucial for sustainable development around the world. The current division of the year says that electric vehicle technology, including hybrid electric vehicles (HEV), plug-in hybrid electric vehicles (PHEV) and pure battery electric vehicles (BEV) will dominate the clean vehicle market.

Asia-Pacific dominates with significant growth in the electric vehicle market

Geographically, the electric vehicle market is present in regions of North America, Europe, Asia-Pacific and the rest of the world. The new motive for cars has increased by 70% since 2016. In 2016, more than 550,000 vehicles were adopted worldwide, including both the battery electric vehicle and the plug-in hybrid vehicle. Research says China is expected to expand its leadership in the industry by making gains in all dimensions of supply-side EVs, including current projected production of EVs and their components. In general, Germany and the United States of America also perform well in the industry, with several major changes in the production of electric vehicles. These countries saw a slight drop in the market, due to the production of electric motors due to the expansion of China.

Sales analysis performed in full report:

Sales of higher capacity batteries have increased. Direct reuse is always found to be cheaper than batteries in a similar productivity environment. The PHEV is preparing for sale and is expected to get the best price. The pricing concept gives you an idea of ​​the current market estimate price, as the advancement in electric motor drive batteries is in significant development. The expansion and launch of the product will clarify the cost of establishment and electric cars to sustain for a longer period of time.

Selected type and application analysis performed on the full report:

The adoption of electric vehicles is the result of several factors, including strong technological progress, cost reductions and policy support, including purchase incentives, advantages of access to driving and parking, and increased availability of charging infrastructure. public. BEVs dominated sales over hybrid cars in most countries until 2015. But sales of plug-in vehicles (PHEVs) have grown rapidly over the past two years, and as of now, the PHEV market is about equal to BEV sales worldwide. PHEVs have a considerable range of advantages due to their continuous improvements in battery performance and the possibility of reducing driving costs to achieve maximum market share.

Extracts on market growth factors

After the diesel emissions scandal, in the city of California, Electrify America made a $ 44 million investment to bring hundreds of electric vehicles to the city. The project includes 260 electric vehicles. Vehicles can locate nearby cars with an app and drive them anywhere within a 13-square-mile radius. The vehicles will be available in early 2019.

ISRO announced the start of its large project on lithium ion cell technology to achieve the adoption of a non-exclusive basis for use in automobiles. This initiative will accelerate the development of the indigenous electric vehicle industry.

The growing adoption of electric cars is creating new opportunities for Volkswagen. He says quantum computing technology could help build custom batteries, with a chemical blueprint that will accelerate the development and production of batteries for electric vehicles. This will build a specialized and custom car battery for future green cars.

To access / purchase the full report, navigate through the following link

https://industryarc.com/pdfdownload.php?id=18508

Key players in the electric vehicle market

Currently, progress is the key strategy driving the market, accounting for around 44% of the total strategies adopted by key players. The major players described in this report include Tesla, BMW Group, Nissan Motor Corporation, Toyota Motor Corporation, Volkswagen AG, General Motors, Dailmer AG, and Energica Motor Company SPA These are the major market players focused on expanding their business operations in emerging countries. . Among all continents, APAC is the emerging region where investors are most focused to introduce innovative solutions. Some of the electric cars that are well supported in the current market are Tesla Model S, Nissan Leaf, BMW i3, Mitsubishi iMiEV, Ford Focus EV; These are models available from BEV. BMW i3 REX, BMW i8, Cadillac ELR, Ford Fusion Energi, Ford Cmax Energi, Toyota Prius Plugin and others are the available PHEV type models. Audi Q5 Hybris, Acura ILX Hybrid, Cadillac escalade Hybris, BMW Active Hybrid 3 and others are available HEV type models.

Browse the full report:

https://industryarc.com/Report/18508/electric-vehicle-market-research-report-analysis.html

What can you expect from the report?

The Electric Vehicle Market Report is prepared with the main agenda to cover the following 20 points:

1. Market size by product category and application 11. Demand analysis (revenue and volume)

2. Market trends and relevant market data 12. Country level analysis

3. Manufacturer overview 13. Competitor analysis

4. Overview of distributors 14. Analysis of market shares

5. Price analysis 15. Value chain analysis

6. Analysis of the top 10 end users 16. Analysis of the supply chain

7. Benchmarking products 17. Strategic analysis

8. Product developments 18. Analysis of the current and future market landscape

9. Analysis of mergers and acquisitions 19. Analysis of opportunities

10. Patent analysis 20. Revenue and volume analysis

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Mr. Venkat Reddy

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