Albany, NY -- (SBWIRE) -- 04/23/2014 -- In response to increasing demand of renewable energy powered vehicles that lowers the total cost of ownership, electrical vehicle is the solution provided by automobile industry. Electric vehicles represent a quantum shift in traditional transportation system. Some of the major challenges faced by this market are high battery costs, availability of electricity, Vehicle maintenance costs and new financial model for the electrical vehicles industry. This industry is expected to grow at CAGR of more than 18% over the period of 2012-2018. Among all the major segments, plug-in HEVs segment of electrical vehicles industry will experience the maximum growth, registering a CAGR of more than 80% followed by the hybrid electric vehicles segment with a CAGR of 19% during 2012-2018.

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This research report analyzes the Electric vehicles market depending on various segments and major geographies. This detailed study includes trend analysis, market numbers, industry growth drivers and restraints along with the future market projections. This market research report includes analysis of current developments, Porter’s five force analysis and detailed profiles of top industry players. Report also discusses the importance of macro and minor factors important for existing market players and new entrants.

Electric vehicles Market Segmentation
By Technologies
Electric-drive vehicles
Start-stop system
Mild hybrids
Full (parallel or ‘power-split’) hybrids
Plug-in parallel hybrids

Markets by vehicle type:
Passenger vehicles
Low velocity
Scooters
Buses
Commercial /industrial
Niche
These segments will provide you with market tables, drivers, restraints and opportunities along with the information of key players and competitive landscape.

The major geographies analyzed under this research study are North America, Asia-Pacific, Europe and Rest of the World.

The major players in Electric vehicles industry are Daimler: Smart – Mercedes-Benz, General Motors, Mitsubishi, Nissan and Renault among the others.

Increasing oil prices, growing environmental concerns and increasing efficiency of electric vehicles has improved the adoption of electric vehicles globally. U.S. is the largest user of electric vehicles currently; however, Asia – Pacific will derive the future growth. China and Japan will be the largest producers of electric vehicles. Hybrid vehicles will initially drive the growth of the market.

Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a technological growth map over time to understand the industry growth rate
It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
It provides distinctive graphics and exemplified SWOT analysis of major market segments

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