Global Electric Vehicle Market Analysis Report 2019-2023

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Global Electric Vehicles Market Analysis Report
2019-2023
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Geographically, the Electric vehicle market is
present in regions of North America, Europe,
Asia-Pacific and rest of the world. The new plea
of cars has increased by 70 from 2016. In 2016,
over 550,000 vehicles were adopted globally which
include both battery electric vehicle and plug-in
hybrid vehicle. Research say China is expected to
extend its industry leadership by making gains
across all dimensions of the supply side EVs,
including current projected production of EVs and
their components.
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Selected Analysis Done in the Full Report
The uptake of EVs is the result of several
factors, including strong technological progress,
cost reductions and policy support, including
purchase incentives, driving and parking access
advantages, and increased public charging
infrastructure availability. The BEVs dominated
the sales over the hybrid cars in most countries
until 2015. But, the plug-in vehicle (PHEV) sales
have grown rapidly in the past two years and as
of now the PHEVs market is nearly equal to BEV
sales worldwide. PHEVs have a considerable range
of advantages due to its ongoing battery
performance improvements and making feasible in
cost reduction driving to achieve maximum share
in the marketplace.
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Excerpts on market growth factors

• After the diesel emission scandal, in the city
  of California,44 million investment was made by
  Electrify America to bring hundreds of electric
  vehicles to the city. The project includes 260
  electric vehicles. The vehicles can locate nearby
  cars with an app and drive them anywhere within a
  13 square mile radius. The vehicles will be
  available in early 2019.
• ISRO announced to start its major project on
  lithium-ion cell technology to bring the adoption
  of non-exclusive basis for usage in automobiles.
  This initiative will accelerate the development
  of indigenous electric vehicle industry.

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Key Players of the Electric vehicles Market

• Tesla
• BMW
• Nissan Motor
• Toyota Motor
• Volkswagen
• And 15 more

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have included Some Customization Options
Company Profile
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