Electric Vehicles Market Research Report - Global Forecast to 2023
Global Electric Vehicles Market Information Report, By Technology (Battery Electric Vehicles, Hybrid Electric Vehicles and Plug-In Hybrid Electric Vehicles), By Vehicle Type (Passenger Cars, Commercial Vehicles and Two Wheelers), and By Region - Forecast To 2023 The global electric vehicles market has experienced a potential growth over the past few year and it has been analyzed that the market will grow at the same pace during the forecast period. Electric vehicles market looks promising during the forecast period due to the major driving factors such as majorly influenced by the surge in demand of electric vehicle worldwide, increasing fuel prices, and expansion of global auto-manufacturers into new emerging markets and government initiatives and among others. On the other hand, emerging economies seeks more opportunities for electric vehicles will create ample scope for market growth. However, high prices of electric vehicles and underdeveloped aftermarket services could hinder the market growth. Global electric vehicles has very broad market in coming recent years. MRFR analysts has predicted that global electric vehicles market is expected to reach USD 356.5 billion by 2023 from USD 106.5 Billion in 2016 with a CAGR of 18.96. Request Report Sample @ https://www.marketresearchfuture.com/sample_request/1793
Global Electric Vehicles Market Information Report, By Technology (Battery Electric Vehicles, Hybrid Electric Vehicles and Plug-In Hybrid Electric Vehicles), By Vehicle Type (Passenger Cars, Commercial Vehicles and Two Wheelers), and By Region - Forecast To 2023
The global electric vehicles market has experienced a potential growth over the past few year and it has been analyzed that the market will grow at the same pace during the forecast period. Electric vehicles market looks promising during the forecast period due to the major driving factors such as majorly influenced by the surge in demand of electric vehicle worldwide, increasing fuel prices, and expansion of global auto-manufacturers into new emerging markets and government initiatives and among others. On the other hand, emerging economies seeks more opportunities for electric vehicles will create ample scope for market growth. However, high prices of electric vehicles and underdeveloped aftermarket services could hinder the market growth. Global electric vehicles has very broad market in coming recent years. MRFR analysts has predicted that global electric vehicles market is expected to reach USD 356.5 billion by 2023 from USD 106.5 Billion in 2016 with a CAGR of 18.96.
Request Report Sample @ https://www.marketresearchfuture.com/sample_request/1793
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<strong>Electric</strong> <strong>Vehicles</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong> - <strong>Global</strong> <strong>Forecast</strong> <strong>to</strong> <strong>2023</strong><br />
<strong>Market</strong> Segmentation of <strong>Global</strong> <strong>Electric</strong> <strong>Vehicles</strong> <strong>Market</strong><br />
The global electric vehicle market by technology has been segmented in<strong>to</strong> battery electric vehicles, hybrid electric vehicles and plug-in hybrid<br />
electric vehicles. Among these technology, battery electric vehicles has accounted the largest market share of 51.40% in 2016 followed by hybrid<br />
electric vehicles. However, plug-in hybrid electric vehicles segment has registered the fastest growing segment with a CAGR of 21.75% during<br />
forecast period. Whereas, the global electric vehicle market by vehicle type has been segmented in<strong>to</strong> passenger cars commercial vehicles and two<br />
wheelers. Among these vehicle types, passenger cars has accounted the largest market share of 68.20% in 2016 followed by commercial vehicles<br />
and two wheelers. However, passenger cars segment has registered the fastest growing segment with a CAGR of 19.93% during forecast period.<br />
Key Findings<br />
• Asia-Pacific accounted for the largest market share of 53.20% in 2016, with a market value of USD 56.7 billion and is projected <strong>to</strong> grow at<br />
the highest CAGR of 20.35% during the forecast period.<br />
• Passenger Cars accounted for the largest market share of 68.20% in 2016, with a market value of USD 72.6 billion and is projected <strong>to</strong> grow<br />
at the highest CAGR of 19.93% during the forecast period.<br />
• Battery <strong>Electric</strong> <strong>Vehicles</strong> accounted for the largest market share of 51.40% in 2016, with a market value of USD 54.7 billion and is projected<br />
<strong>to</strong> grow at a CAGR of 19.95% during the forecast period.<br />
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