Le Lézard
Classified in: Transportation
Subject: SVY

Electric Vehicle Market Worth 10.79 Million Units by 2025


PUNE, India, June 19, 2018 /PRNewswire/ --

According to a new market research report "Electric Vehicle Market by Propulsion (BEV, PHEV, FCEV), Vehicle (PC, CV), Charging Station (Normal, Super, Inductive), Charging Infrastructure (Normal, Type-2-AC, CHAdeMO, CCS, Tesla SC), Power Output, Installation, and Region - Global Forecast to 2025", published MarketsandMarketstm, the global electric vehicle sales is projected to grow at a CAGR of 32.57% from 1.50 million units in 2018 to 10.79 million units by 2025.

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Browse 93 market data Tables and 52 Figures spread through 198 Pages and in-depth TOC on "Electric Vehicle Market"

https://www.marketsandmarkets.com/Market-Reports/ev-component-and-infrastructure-market-209371461.html

Early buyers will receive 10% customization on this report 

The major factors behind the growth of electric vehicle sales are government support in the form of grants, subsidies, and tax rebates, increasing environmental consumer awareness, improving charging infrastructure, and increasing vehicle range.

Electric passenger car segment: Expected to dominate the Electric Vehicle Market 

The models in the electric passenger car segment such as the Tesla Model S, Nissan Leaf, BYD Tang, and Mitsubishi Outlander are some of the top-selling electric passenger cars in 2016. Availability of subsidies and tax rebates, features such as increasing vehicle range and improved charging infrastructure, reduction in charging time, and the decreasing price of EVs are the major factors driving the global Electric Vehicle Market.

Ask for PDF brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=209371461

BEVs: Expected to dominate the EV market 

Governments prefer BEVs as they are zero-emission vehicles. Various governments around the world support the sales of BEVs with subsidies and tax rebates. BEVs were also the most preferred vehicles in China in 2017. It is expected that the continuously improving charging infrastructure, reducing charging time, and existing government support would help the BEV segment to dominate the other EV propulsion systems such as PHEVs and FCEVs.

Asia Pacific: Largest market for EVs 

The Asia Pacific region is the largest market for EVs due to government support in the form of grants, subsidies, and tax rebates and continuously improving charging infrastructure in countries such as Japan and China. The governments in both the major markets, i.e., Japan and China provide subsidies and other nonfinancial benefits, such as access to number plate, carpool lane access, and road tax exemptions for EV users. Continuously improving charging infrastructure and increasing vehicle range are the major factors which have contributed to make Asia Pacific the fastest growing market. Also, the alarming pollution level in economies such as Japan and China have fueled the demand for zero-emission vehicles in such countries, thus creating a huge demand for EVs in such countries.

The major players in the global Electric Vehicle Market are Tesla (US), Nissan Motor Corporation (Japan), BYD (China), and BMW (Germany), and Volkswagen (Germany).

Know more about the Electric Vehicle Market
https://www.marketsandmarkets.com/Market-Reports/ev-component-and-infrastructure-market-209371461.html

About MarketsandMarketstm  

MarketsandMarketstm provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarketstm for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarketstm are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarketstm now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarketstm is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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MarketsandMarketstm INC.
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Email: [email protected]


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