Electric Vehicles Market: size and Key Trends in terms of volume and value 2020
Deerfield Beach, FL -- (SBWIRE) -- 11/18/2016 -- Electric vehicles are also known as electric drive vehicles. Electric vehicles are growing in popularity and are seen as a potential option towards a less carbon intensive road transport. It can be powered by electricity from off-vehicle sources or may be self-contained with a battery or generator to convert fuel to electricity.
The electric vehicles market mainly is driven by decreasing cost of battery and increasing in popularity among end users. Electric vehicles reduce dependence on petroleum and tap into a source of electricity that is often domestic and relatively inexpensive. This attributes seem to drive the demand for electric vehicle over the forecast period. However, lack of awareness in end-users among emerging technology and scarcity of expertise in research and development is expected to hamper growth of mobile robotics industry.
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Vehicle type segment have been analyzed based on historic, present, and future trends, and the market has been estimated from 2015 to 2020 in terms of revenue (USD Million). Key vehicle type segments covered under this study includes hybrid (HEV), plug-in hybrid (PHEV's), battery electric vehicles (BEV's) and others. Battery electric vehicles segment is leading region for electric vehicles market and expected to remain prolong segment over the years to come.
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In order to give the users of this report a comprehensive view on the electric vehicles, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the electric vehicles market has also been included. The study encompasses a market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate, and general attractiveness.
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Regional segmentation includes the current and forecast demand of electric vehicles in North America, Europe, Asia-Pacific, Latin America, and Middle-East & Africa (MEA) with its further bifurcation into major countries including U.S., Germany, France, UK, China, Japan, India and Brazil. North America is leading region for electric vehicles market. However, Asia Pacific is a fastest growing region for electric vehicles market over the forecast period.
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Some of the key players for global electrical vehicles market include BMW, Daimler, General Motors, Mitsubishi Motors, Nissan Motor, Renault, Tesla Motors, Kandi Technologies Group, Kia Motors, Mahindra, Roewe, Shuanghuan Automobile and Wheego Electric Cars.
This report segments the global electric vehicles market as follows:
Electric Vehicles Market: Vehicle Segment Analysis
Plug-In Hybrid (PHEV's)
Battery Electric Vehicles (BEV's)
Electric Vehicles Market: Regional Segment Analysis
Middle East & Africa
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