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Market Size & Share of Electric Vehicles Industry Grow at 22% CAGR, Will Reach USD 700 Billion By 2026: Facts & Factors

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Market Size & Share of Electric Vehicles Industry Grow at 22% CAGR, Will Reach USD 700 Billion By 2026: Facts & Factors

July 27
18:10 2021
Market Size & Share of Electric Vehicles Industry Grow at 22% CAGR, Will Reach USD 700 Billion By 2026: Facts & Factors
[195+ Pages Report] According to Facts and Factors Market research, the global electric vehicles market in 2019 surpassed USD 140 Billion. The market is expected to grow at a CAGR of more than 22% and is anticipated to reach around USD 700 Billion by 2026.

According to Facts and Factors Market research, the global electric vehicles market in 2019 surpassed USD 140 Billion. The market is expected to grow at a CAGR of more than 22% and is anticipated to reach around USD 700 Billion by 2026.

The global electric vehicles (EVs) market is witnessing substantial growth in the coming years owing to the swiftly escalating year-on-year adoption rate of electric vehicles across the globe; favorable policies, incentives, and subsidies introduced by several state governments; along with the quick establishment of infrastructure supporting EVs. Some European countries, China, and the U.S. led the global electric vehicle market in terms of sales of hybrid electric vehicles (HEV) and plug-in hybrid electric vehicles (PHEV). Apart from this, the launch of turbo-chargers and wireless charging setups for electric vehicles is positively impacting the industry growth during the study timeframe.

Request Free Sample Copy of Research Report @ https://www.fnfresearch.com/sample/global-electric-vehicles-market-by-vehicle-type-two-677

Top Market Players

  • Mitsubishi
  • BAIC
  • Toyota
  • General Motors
  • Daimler
  • Tesla
  • Ford
  • Changan
  • BMW
  • Hyundai
  • JMCG
  • Volkswagen
  • JAC
  • Yutong
  • SAIC
  • Renault-Nissan
  • BYD
  • Zotye
  • Geely
  • Chery

 

The extensive demand for mid-priced vehicles is likely to flourish the EV segment at splendid CAGR

The EV market is swiftly expanding with time and in the next few decades, the electric vehicle segment will overwhelm the gasoline vehicles segment. To improve the EV adoption rate, the industrial players are dedicated to developing highly efficient & durable batteries at affordable prices. The automakers are trying to implement a comfortable driving experience for the mid-priced EV segment rather than offering premium features like instrument cluster and infotainment. China EV market leads in terms of demand & sales of mid-priced electric vehicle segment. Some of the globally renowned automakers are offering electric vehicles at affordable prices compared to other industries.

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The report study further includes an in-depth analysis of industry players’ market shares and provides an overview of leading players’ market position in the global electric vehicles sector. Key strategic developments in the global electric vehicles market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the global electric vehicles market are appropriately highlighted in the report.

The global electric vehicles (EVs) market is witnessing substantial growth in the coming years owing to the swiftly escalating year-on-year adoption rate of electric vehicles across the globe; favorable policies, incentives, and subsidies introduced by several state governments; along with the quick establishment of infrastructure supporting EVs. Some European countries, China, and the U.S. led the global electric vehicle market in terms of sales of hybrid electric vehicles (HEV) and plug-in hybrid electric vehicles (PHEV). Apart from this, the launch of turbo-chargers and wireless charging setups for electric vehicles is positively impacting the industry growth during the study timeframe.

Inquire more about this report before purchase @ https://www.fnfresearch.com/inquiry/global-electric-vehicles-market-by-vehicle-type-two-677

(You may enquire a report quote OR available discount offers to our sales team before purchase.)

The global electric vehicles market research report delivers an acute valuation and taxonomy of the global electric vehicles industry by practically splitting the market on the basis of different vehicle types, propulsion types, components, charging station types, vehicle classes, power outputs, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the global electric vehicles industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the global electric vehicles industry is provided for the leading economies of the world.

Under vehicle type segment, the“commercial vehicle” is projected to grow splendidly during the projected period

The commercial vehicle category, which primarily includes electric buses, is anticipated to spur at a remarkable CAGR, as the electric buses are being adopted at an increased rate in Asian countries, particularly India & China. Moreover, several regions are focused on to substitute their existing gasoline-based vehicle fleet with electric buses.

Browse detail report with in-depth TOC @ https://www.fnfresearch.com/global-electric-vehicles-market-by-vehicle-type-two-677

This report segments the global electric vehicles market as follows:

Global Electric Vehicles Market: Vehicle Type Segmentation Analysis

  • Two-wheeler
  • Commercial Vehicle
  • Passenger Car

 

Global Electric Vehicles Market: Component Segmentation Analysis

  • Electric Motor
  • Battery Cells & Packs
  • Infotainment
  • On-Board Charge

 

Global Electric Vehicles Market: Propulsion Type Segmentation Analysis

  • Hybrid electric vehicle (HEV)
  • Plug-in hybrid electric vehicle (PHEV)
  • Battery electric vehicle (BEV)
  • Fuel cell electric vehicle (FCEV)

 

Global Electric Vehicles Market: Charging Station Segmentation Analysis

  • Super charging
  • Normal charging

 

Global Electric Vehicles Market: Vehicle Class Segmentation Analysis

  • Luxury
  • Mid-Priced

 

Global Electric Vehicles Market: Power Output Segmentation Analysis

  • 250 KW and above
  • 100-250 KW
  • Less than 100 KW

 

About Us:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

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