MarketReportsOnline.com announces availability of "Global Electric Vehicles (EV) Market Report: 2015 Edition" in the automotive business intelligence collection of its online research library.
Pune, Maharastra -- (SBWIRE) -- 04/05/2016 -- The key factors driving the growth of the electric vehicles market are growing urbanization, rising demand for global hybrid electric vehicle market, economic growth, growing car sales in emerging markets, improving air condition system and falling battery prices. Some of the noteworthy trends and developments of this industry are introduction of Atkinson Cycle engine and smart cars, greater adoption of electric vehicle in small and medium sized fleets, advanced rechargeable technology to enhance electric vehicle efficiency and self-driving features. However, the expansion of global electric vehicles market is hindered by lack of refueling and regulations.
The report "Global Electric Vehicles Market" provides an in-depth analysis of the global market along with a detailed study of the US, Europe, China and Korea market. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The four major players in the industry, Toyota Motor, Honda Motor, Ford Motor and Hyundai Motor are being profiled.
An electric vehicle is considered to be environmentally friendly and have less of a damaging impact on the environment than conventional vehicles. It consumes less fuel than conventional vehicles or uses renewable energy sources to fuel its engine. It includes hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV), battery electric vehicles (BEV) and fuel cell electric vehicles (FCEV).
Battery electric vehicles are likely to drive the growth of eco-car market in coming years. However, plug-in hybrid electric vehicles (PHEV) and hybrid electric vehicles (HEV), which fall in the middle of EVs and vehicles that run on internal combustion engines, are expected to drive eco-car sales growth for some time due to limited battery capacity, high prices, long charge time, and charging infrastructure.
Comprehensive Table of Contents and more on the worldwide Electric Vehicles Market Report is available at http://www.marketreportsonline.com/436661-toc.html .
On a related note, another research titled "Global Eco Vehicle Market - Focus on China: Trends and Opportunities (2016-2020)" says increasing environmental compliance and cost effectiveness associated with use of eco-cars has been one of the major factors boosting its sales globally especially in developed economies. Global eco-car market is dominated by Japan and the US with Japan commanding more than 50% global market share. In recent years, a large market has developed in the US and Europe. China is also emerging as an important market. Other emerging markets for eco-cars are Korea, the UK and Italy.
Green cars are an emerging market globally. Some of the existing fundamentals such as tough emission standards globally, subsidies, tax breaks, and special driving privileges; and fuel cost savings underpins growth of the industry globally. Major market constraints are technological challenges, range limitations, safety and reliability issue related with various types of eco-cars. Key trends prevailing in the market includes global OEMs JVs with local producers in China, E-mobility charging infrastructure and stricter emission test procedures. Read more at http://www.marketreportsonline.com/436660.html .
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