Seattle, WA -- (SBWIRE) -- 11/20/2017 -- The Global Electric Vehicle (EV) market is driven by government support in the form of subsidies, grants, and tax rebates. Improving charging infrastructure, increasing vehicle range and reducing cost of batteries has fueled the demand for EVs across the globe. Global EV sales in 2016 reached to 2.25 Million units, and are projected to grow at a CAGR of 20.68% during the forecast period.

To Explore More, Download PDF Brochure:http://bit.ly/2AWClHu,

The major factors behind the growth of EV sales are government support in the form of grants, subsidies, and tax rebates, increasing environmental consumer awareness, improving charging infrastructure and increasing vehicle range.

New models in the electric passenger car segment such as the Tesla Model S, Nissan Leaf, BYD Tang, and Mitsubishi Outlander are some of the top-selling electric passenger cars in 2016.

Availability of subsidies and tax rebates, features such as increasing vehicle range and improved charging infrastructure, reduction in charging time, and the decreasing price or EVs are the major factors driving the global EV market.

Target Audience :
- EV manufacturers
- EV component manufacturers
- EV battery manufacturers
- EV infrastructure providers (Charging station manufacturers)

Get The Sample Copy:http://bit.ly/2AX1yBU,

The major market players in the global electric vehicle market are Tesla Motors Inc. (U.S.), Nissan Motor Corporation (Japan), BYD Company Limited (China), LG Chem. (South Korea), Panasonic Corporation (Japan), Delphi Automotive (U.K.), Samsung SDI (South Korea), Automotive Energy Supply Corporation (Japan) and Car Charging Group (U.S.), and Charge Point Inc. (U.S.).