Electric Vehicles (EV) Market - Forecast(2021 - 2026)

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Electric Vehicles (EV) Market - Forecast(2021 -
2026)Market size, Industry outlook, Market
Forecast, Demand Analysis, Market Share, Market
Report 2021-2026
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• Electric vehicle market size is valued at USD
  171.35 billion in 2020 and is expected to reach a
  value of USD 726.14 billion by 2026 at a CAGR of
  27.19 during the forecast period 2021-2026.
• Plug-in Hybrid Electric Vehicles is modern
  electric propulsion, consisting of electric
  machines, power electronic converters, electric
  energy sources such as fuel cells and storage
  devices, and electronic controllers.
• The automotive Manufacturers have been driven to
  supply electric Zero Emission vehicles all over
  the world due to electric vehicle market trends
  such as rising demand for low-emission.

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• Key Takeaways
• Growing awareness towards reduction of harmful
  emission and fuel efficiency is significantly
  driven by the global electric vehicle market
  during the forecast period 2021-2026.
• The governments incentives such as cheap or no
  registration fees, as well as exemptions from
  import tax, sales tax, and road tax are estimated
  to spur the electric vehicle market size.
• APAC is analysed to grow at highest CAGR during
  the forecast period owing to the growing
  government involvement and presence of original
  equipment manufacturers. 

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By Distribution Channel- Segment Analysis The EV
passenger Vehicle is set to have the largest
market share globally. This is owing to the
governments' considerable backing for passenger
electric vehicles in the countries. EV passenger
vehicle is estimated to have the considerable
share in APAC market owing to the presence of
original equipment manufacturers and other
automaker. The adoption of EV passenger car is
increasing due the factors such as reduced
emission, higher fuel efficiency.
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•  Electric Vehicles (EV) Market Industry Outlook 
• Tesla, Volkswagen AG
• Nissan Motors, BMW Group
• BYD Company motors
• General Motors, Chevrolet
• Toyota Motor Corporation
• Ford Motor

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Electric Vehicles (EV) Market - Forecast(2021 -
2026) Learn More About the Report
_at_https//www.industryarc.com/Report/19/global-ele
ctric-vehicles-market-analysis-report.html
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
• Purchase Full Report _at_https//www.industryarc.com/
  purchasereport.php?id19

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Reddy Contact (1) 970-236-3677 Email
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