EVs, EV Component & EV Infrastructure Market worth 5.76 Million Units by 2021

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MarketsandMarkets Presents
EVs, EV Component EV Infrastructure Market
Worth 5.76 Million Units By 2021
http//www.marketsandmarkets.com/Market-Reports/ev
-component-and-infrastructure-market-209371461.htm
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• The report "EVs, EV Component EV Infrastructure
  Market by Govt. Regulation, Vehicle Type,
  Components (Battery, On-Board Charger,
  Infotainment System, Instrument Cluster),
  Propulsion (BEV, PHEV, HEV, FCEV), Recharging
  Station, and Region - Global Forecast to 2021",
  Global EV sales are projected to grow at a CAGR
  of 20.68 from 2016 to 2021, to reach 5.76
  Million units by 2021.        
•                     
• Browse 107 market data tables and 75 figures
  spread through 205 pages and in-depth TOC
  on EVs, EV Component EV Infrastructure Market
  by Govt. Regulation, Vehicle Type, Components
  (Battery, On-Board Charger, Infotainment System,
  Instrument Cluster), Propulsion (BEV, PHEV, HEV,
  FCEV), Recharging Station, and Region - Global
  Forecast to 2021
• http//www.marketsandmarkets.com/Market-Reports/e
  v-component-and-infrastructure-market-209371461.ht
  ml

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• The major factors behind the growth of EV 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 EV market
• New 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 or EVs
  are the major factors driving the global EV
  market.
• BEVs Expected to register the highest growth
  rate
• Governments prefer BEVs as these are zero
  emission vehicles. Various governments around the
  world support the sales of BEVs with subsidies
  and tax rebates. BEVs are also the most preferred
  vehicles in China in 2016. It is expected that
  the continuously improving charging
  infrastructure, reducing charging time and
  existing government support would help the make
  the BEV segment register the highest growth rate
  among the other EV propulsion systems such as
  PHEVs and HEVs.

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• 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
  non-financial benefits such as access to number
  plate, car pool 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 the Asia-Pacific to be the fastest
  growing market. Additionally, the alarming
  pollution level in economies such as Japan and
  China has fueled the demand for zero emission
  vehicles in such countries thus creating huge
  demand for EVs in such countries.
• The major market players in the global electric
  vehicle market are Tesla Motors Inc. (U.S.),
  Nissan Motor Corporation (Japan), BYD Company
  Limited (China), LG Chem. (South Korea),
  Panasonic Corporation (Japan), Delphi Automotive
  (U.K.), Samsung SDI (South Korea), Automotive
  Energy Supply Corporation (Japan) and Car
  Charging Group (U.S.), and Charge Point Inc.
  (U.S.).

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