Electric vehicle market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 23.5% in the forecast period of 2020 to 2027. Electric vehicle offer various benefits over conventional fuel based vehicles such as low operational cost, zero carbon emission and others as they source energy from electricity. Consumer’s changed attitude towards electric vehicles is augmenting the market growth as they are more concerned over environmental pollution.

Major Market Competitors/Players: Electric Vehicle Market

The major players covered in the report are Ford Motor Company, General Motors, AUDI AG, Kia Motors Corporation, Groupe Renault, Groupe PSA, SAIC Motor Corporation Limited, JAC, Tesla, Daimler AG, BMW AG, Hyundai Motor Company, BYD Company Ltd., Continental AG, TOYOTA MOTOR CORPORATION, Nissan Motor Co., LTD., Volkswagen AG, AB Volvo, Honda Motor Co., Ltd., among other domestic and global players.

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Segmentation: Global Electric Vehicle Market

  • By Component (Battery Cells & Packs, On-Board Charger, Infotainment System, Others)
  • By Propulsion Type {(Plug-In Hybrid Electric Vehicles (PHEVs), Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs), and Fuel Cell Electric Vehicles (FCEVs)}
  • By Charging Station Type (Normal Charging, Super Charging)
  • By Class (Mid-Priced, Luxury)
  • By Power Train (Parallel Hybrid, Series Hybrid, Combined Hybrid)
  • By Vehicle Type (Passenger Cars, Two Wheelers, Commercial Vehicles)
  • By Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia)

Focus of the report

  • CAGR values in the market for the forecast period
  • Key trends in the market place
  • Major players and brands
  • Historical and current market size and projection up to 2026.
  • Detailed overview of parent market
  • Changing market dynamics of the industry

Reasons to Purchase this Report

  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

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Key insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key Market players involved in this industry
  • Detailed analysis of the Market Segmentation
  • Competitive analysis of the key players involved

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