According to a new market report published by Lucintel, the future of the global
electric vehicle market looks promising with opportunities in battery, hybrid, and plug-in-hybrid electric vehicle markets. The global electric vehicle market is expected to grow with a CAGR of 29% from 2021 to 2026. The major drivers for this market are increasing fuel prices, government subsidies as tax benefits to promote electric vehicles, and growing concerns for environmental pollution.
Browse 104 market data tables and 120 figures spread through 200 pages and in-depth TOC on “Global Electric Vehicle
Market" To download report brochure, please go to https://www.lucintel.com/electric-vehicle-market.aspx and click "download brochure" tab from the menu.
In this market, battery electric vehicles (BEV), hybrid electric vehicles (HEV), and plug-in-hybrid electric vehicles (PHEV) are the major electric vehicle types. On the basis of its comprehensive research, Lucintel forecasts that battery electric vehicle will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to the consumers’ demand for zero emission vehicles, and decreasing electric vehicle battery cost.
Within the electric vehicle market, compact car will remain the largest vehicle type and it is expected to witness the highest growth over the forecast period due to increasing features such as, improvement in vehicle range per charge and charging infrastructure.
Asia Pacific will remain the largest region and it is also expected to witness the highest growth over the forecast period due to growing concerns on environmental pollution, government subsidies and tax rebates, and heavy investment from automaker in electric vehicle development.
Emerging trends, which have a direct impact on the dynamics of the market, include development of wireless charging infrastructure and introduction of multiple long-range EVs with low cost. Tesla, General Motors, Nissan Motor, Mitsubishi, Volkswagen, BMW, Ford, Mercedes Benz, Hyundai, and Kia Motor are the major manufacturers of electric vehicles.
Lucintel, a leading global strategic consulting and
market research firm, has analyzed growth opportunities in the global electric vehicle market by propulsion type, by vehicle type, by component type, and region. Lucintel has compiled a comprehensive research report entitled
“Growth Opportunities in the Global Electric Vehicle Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global electric vehicle market by propulsion type, by vehicle type, by component type, and region, as follows:
By Propulsion Type [Volume (Million Units) and $B shipment analysis for 2015 – 2026]
Battery Electric Vehicles
Hybrid & Plug-in-Hybrid Electric Vehicles
By Vehicle Type [Volume (Million Units) and $B shipment analysis for 2015 – 2026]
Small Car
Compact Car
Mid-size Car
Luxury Car
SUVs & Crossover
Others
By Component Type ($ Billion from 2015 to 2026)
Independent Drive Component
Battery
Motor and Gearbox
Charger
Others
By Region [Volume (Million Units) and $B shipment analysis for 2015 – 2026]
North America
US
Canada
Mexico
Europe
Norway
Germany
United Kingdom
France
The Netherlands
Asia Pacific
China
Japan
Korea
Australia
India
The Rest of the World
Brazil
South Africa
Chile
This 200-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at
helpdesk@lucintel.com.
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