Electric Vehicles Market Top Companies, Trends and Future Details for Business Opportunity 2023-2028

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Global Electric Vehicles Market Research and
Forecast Report 2023-2028




Author Elena Anderson, Marketing Manager
IMARC Group
Copyright IMARC Service Pvt Ltd. All Rights
Reserved
2019 IMARC All Rights Reserved
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About IMARC Group
Report Description
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Report Description and Highlights
Report Description
Global Electric Vehicles Market Research
Report The latest report by IMARC, titled
Electric Vehicles Market Global Industry
Trends, Share, Size, Growth, Opportunity and
Forecast 2023-2028 the global electric vehicles
market size reached 18.1 Million Units in 2022.
Electric Vehicles (EVs) are automobiles powered
by an electric motor instead of a gasoline
engine. They include a battery or fuel cell to
store energy that can be charged through
self-charging devices, such as wireless inductive
charging. Some other charging methods include
solar panels, wind turbines, and other renewable
energy sources. Propelled entirely by
electricity, EVs emit no harmful emissions,
making them an environmentally friendly
alternative to traditional gasoline-powered cars.
They also offer enhanced efficiency and
convenience, lower running costs, and longer life
span. Apart from this, they feature advanced
safety features, including regenerative braking,
lane departure warning, and adaptive cruise
control, making them a safer option than
conventional cars. Currently, they are available
in various models, such as cars, trucks,
motorcycles, scooters, and boats. Request Free
Sample Report https//www.imarcgroup.com/electric
-vehicles-market/requestsample
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Report Description and Highlights
Report Description

Global Electric Vehicles Market Trends
Escalating consumer concerns about the
detrimental environmental effects of greenhouse
gas (GHG) emissions is primarily driving the
electric vehicles market growth. Besides this,
the implementation of favorable government
initiatives supporting the adoption of EVs
through subsidies, tax credits, and investments
in charging infrastructure are favoring the
market growth. Moreover, shifting preference for
EVs over conventional cars due to their
relatively cheaper operating costs since they do
not require oil changes, spark plug replacements,
or other regular maintenance is creating a
positive outlook for the market. In addition to
this, innovative technological advancements in
terms of power, efficiency, and cost of EVs and
the integration of global positioning systems
(GPS) navigation, remote sensors, and anti-theft
locking systems are aiding in market expansion.
Furthermore, continuous breakthroughs in battery
technology enabling EVs to travel long distances
on a single charge, the adoption of lithium-ion
and graphene-based batteries, and the advent of
magnetic resonance for wireless charging are
contributing to the market growth. Other factors,
such as rapid urbanization, inflating per capita
incomes, the thriving automotive industry, and
extensive investments in EV technology by leading
market players, are strengthening the market
growth. Looking forward, the market value is
projected to reach 148.4 Million Units by 2028,
expanding at a CAGR of 41.2 during
2023-2028. Looking forward, the market value is
projected to reach a strong growth during the
forecast period (2023-2028).
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Report Description and Highlights
Report Description
Market Summary Breakup by Component
Battery Cells Packs On-Board Charger
Fuel Stack Slow Charging
Fast Charging Battery Electric Vehic
le (BEV) Fuel Cell Electric Vehicle (FCE
V) Plug-In Hybrid Electric Vehicle (PHEV
) Hybrid Electric Vehicle (HEV)
Passenger Vehicles Commercial Vehicles
Others Breakup by Region
Asia Pacific China

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Report Description and Highlights
Report Description
Japan India
South Korea Aust
ralia Indonesia
Others Europe Norway
Netherlands
Sweden United Kingdom
France Germany
Others North America
United States Canada
Middle East and Africa Tu
rkey Saudi Arabia

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Report Description and Highlights
Report Description
Iran United Ar
ab Emirates Others Lat
in America Brazil
Mexico Argentina
Colombia Others Note We
are updating our reports, If you want latest
primary and secondary data (2023-2028) with Cost
Module, Business Strategy, Distribution Channel,
etc. Click request free sample report.

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Report Description and Highlights
Report Description

• Competitive Landscape with Key Players
• BYD Auto Chery Daimler AG Ford Motor Company Geely
  General Motors Honda Motor Company Hyundai Motor
  Company Nissan Renault SAIC Motor Tesla Inc. Toyot
  a Motor Corporation Volkswagen
• View Full Report with TOC List of Figure
  https//www.imarcgroup.com/electric-vehicles-marke
  t

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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Report Description and Highlights
Report Description

2019 IMARC All Rights Reserved This
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