Electric Vehicle market has witnessed a rapid evolution with the continued development of the automotive sector. Favorable government policy and support in terms of subsidies and subsidies, tax refunds and other non-financial benefits (car full lane access, new car registration, etc.) Better charging infrastructure availability and active participation of automotive OEMs will drive electric vehicle sales around the world.
Electric Vehicles Market is projected to reach 26,951,318 units by 2027 from an estimated 3,269,671 units in 2021, at a CAGR of 21% during the forecast period.
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Key Market Players
The global electric vehicle market is dominated by major players such as Tesla (US), BYD (China), BMW (Germany), Volkswagen (Germany), and Nissan (Japan).
Based on vehicle type, the market has been segmented as follows:
- Passenger Car
- Commercial Vehicle
- Two-wheeler
Based on Propulsion type, the market has been segmented as follows:
- Battery electric vehicle (BEV)
- Fuel cell electric vehicle (FCEV)
- Plug-in hybrid electric vehicle (PHEV)
- Hybrid electric vehicle (HEV)
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Scope of the Report
The research study analyzes the global Electric Vehicle industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Electric Vehicle Market Report
1. What was the Electric Vehicle Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Electric Vehicle Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Electric Vehicle Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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