Global Electric Vehicles Market Size 2016-2030
Talks about the global and regional market behavior and also gauges the change in the eco-system of the global electric vehicles market within the assessment period.
Talks about the global and regional market behavior and also gauges the change in the eco-system of the global electric vehicles market within the assessment period.
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<strong>Global</strong> <strong>Market</strong> Study on <strong>Electric</strong> <strong>Vehicles</strong>: Hybrid<br />
<strong>Electric</strong> <strong>Vehicles</strong> Expected to Grow at a Slower<br />
Pace than Plug-In Hybrid <strong>Electric</strong> <strong>Vehicles</strong>
P e r s i s t e n c e M a r k e t R e s e a r c h<br />
Report Media Releases<br />
<strong>Global</strong> <strong>Electric</strong> <strong>Vehicles</strong> <strong>Market</strong> Anticipated to Reach US$<br />
596.56 Bn by <strong>2030</strong>; US and China to Be the <strong>Market</strong><br />
Spinners<br />
The report tabled by Persistence <strong>Market</strong> Research titled “<strong>Electric</strong> <strong>Vehicles</strong> <strong>Market</strong>: <strong>Global</strong><br />
Industry Analysis and Forecast, <strong>2016</strong>–<strong>2030</strong>”, talks about the global and regional market behavior<br />
and also gauges the change in the eco-system of the global electric vehicles market within the<br />
assessment period.<br />
<strong>Electric</strong> powered cars are the future of the transport industry and it will change the face of the<br />
global transport segment in the forthcoming years. The worth of the global electric market is<br />
predicted to touch US$ 99.88 Bn by the end of <strong>2016</strong> and the market will grow manifold within the<br />
stipulated period and will touch the estimated value of US$ 596.56 Bn by the end of <strong>2030</strong>. As per<br />
the report, the market will expand its periphery in terms of CAGR of 15.6%. The global<br />
population is gasping for fresh air. The alarming rise in pollution has challenged the entire socioeconomic<br />
structure and even impacted the hike of the global economy and healthcare. The<br />
global transport and communication network is highly dependent on gasoline-powered vehicles<br />
which not only pollutes the air, but these vehicles are a major cause of sound pollution. The<br />
environmental safety is a major concern for government bodies. Several strict policies have been<br />
framed in the past few years to arrest the blatant rise of sound and air pollution. Revamped<br />
government policies targeted to encourage the manufacturing and use of green and soundless<br />
electric vehicles is a major push to the global width of the electric vehicles market. Some of the<br />
biggest and the most advanced economies of the world such as China and US has implemented<br />
a plethora of steps to promote the use of electric driven vehicles. US has issued special grants<br />
and to lure more customers in the electric vehicles market China has offered free number plates<br />
to the owners of the electric vehicles. Steep rise in the petrol prices has pushed the customers<br />
towards advanced electric vehicles.<br />
Download Sample Report @ http://www.persistencemarketresearch.com/samples/2843<br />
There are some of the key factors that are clamping down the global expansion of the electric<br />
vehicles market. The electric led vehicles are losing their market relevance because of their<br />
performance. The market for electric vehicles is still at a nascent stage in some developing<br />
economies of the world. The apt infrastructure needed to back the growth of electric vehicles<br />
market in those regions is thin. This massive intercontinental gulf is further creating a stalemate<br />
condition in the market. The electric backed vehicles are mostly consumed for large scale<br />
commercial use and by deep-pocketed consumers. The high price tags are also limiting its<br />
market outreach and restricting the organic development of the global electric vehicles market.<br />
The market is exploding with a slew of new technologies. The major manufacturers of this<br />
industry are experimenting with cutting-edge technologies to enhance the market expansion of<br />
the vehicles. The global electric vehicles market is fragmented into three major sects. The<br />
battery electric cars is steadily dominating one of the largest markets of the world, China, as the<br />
sale of the battery driven two wheelers are maximum in this country. The other two segments<br />
such as plug-in hybrid vehicles and hybrid electric powered cars are also expected to show<br />
<strong>Global</strong> <strong>Electric</strong> <strong>Vehicles</strong> <strong>Market</strong> <strong>2016</strong>-<strong>2030</strong>
P e r s i s t e n c e M a r k e t R e s e a r c h<br />
promising results within the estimated period of growth. The plug-in hybrid vehicles fraction of<br />
the market will surge at an approximate CAGR of more than 16% by the end of <strong>2030</strong>. The<br />
external and internal charging support available in this crop of vehicles will further pull up the<br />
market.<br />
Download Report Table of Content, Figures, and Tables @<br />
http://www.persistencemarketresearch.com/market-research/electric-vehiclesmarket/toc<br />
The electric vehicles market is also segmented by vehicle type. The surge of the electric vehicles<br />
market is massively impacted by the surge in the demand of the passenger vehicles. The<br />
passenger vehicles segment will occupy almost 54% of the market share by the end of <strong>2016</strong> and<br />
the CAGR will bloom within the period of study. Apart from the passenger car segment the two<br />
wheelers segment will also contribute significantly to the market share of the global electric<br />
vehicles market. This segment is projected to stretch at a CAGR of 11.7% by the end of <strong>2030</strong>.<br />
The commercial vehicles segment will crawl up the ladder but the segment needs adequate time<br />
to meet the expectations of the market, according to the report.<br />
The major shareholders of the global electric vehicles market are burning the midnight oil to<br />
come out with innovative measures to enhance the relevance of electric vehicles in the global<br />
market. The advanced technologies and smart measures are chipped in to get rid of some of the<br />
core issues which are stalling the expected expansion of the global electric vehicles market. The<br />
bigwigs of the market such as Toyota Motor Corporation, Bayerische Motoren Werke AG, Nissan<br />
Motor Corporation Ltd, Honda Motor Co., Ltd., Ford Motor Company are pumping in funds into<br />
the market to revamp the infrastructure of the <strong>Global</strong> <strong>Electric</strong> <strong>Vehicles</strong> <strong>Market</strong>.<br />
Browse Complete Report @ http://www.persistencemarketresearch.com/marketresearch/electric-vehicles-market.asp<br />
<strong>Global</strong> <strong>Electric</strong> <strong>Vehicles</strong> <strong>Market</strong> <strong>2016</strong>-<strong>2030</strong>
P e r s i s t e n c e M a r k e t R e s e a r c h<br />
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<strong>Global</strong> <strong>Electric</strong> <strong>Vehicles</strong> <strong>Market</strong> <strong>2016</strong>-<strong>2030</strong>