Sandy, Utah, USA, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Global (EV) Electric Vehicle Market Size, Trends and Insights By Product (BEV, PHEV), By Vehicle Type (Private Vehicles, Commercial Vehicles), Vehicle By Drive Type (FWD, RWD, AWD), By Vehicle Top Speed (<125 mph, >125 mph) and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.
“According to the latest research study, the demand for global Electric Vehicle Market size & share was valued at approximately USD 170 Billion in 2021 and is expected to reach USD 205.4 billion in 2022 and expected to reach a value of around USD 1105 Billion by 2030, at a compound annual growth rate (CAGR) of about 23% during the forecast period 2022 to 2030.”
The report analyses the Electric Vehicle (EV) market’s drivers and restraints and their impact on demand throughout the projection period. In addition, the report examines global opportunities in the global Electric Vehicle (EV) market.
Click Here to Access a Free Sample Report of the Global Electric Vehicle Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=18580
(EV) Electric Vehicle Market: Overview
Low-emission technology used in electric vehicles aids in reducing greenhouse gas emissions and addressing other environmental problems. To reduce greenhouse gas emissions, several developing economies are choosing sustainable alternatives.
The demand for electric vehicles has increased due to growing worries about the pollution produced by conventional internal combustion (IC) engines, which has positively impacted the electric vehicle market.
(A free sample of the Electric Vehicle report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Electric Vehicle report has been modified to include the COVID-19 impact study prior to delivery.)
Request Customized Copy of Electric Vehicle Market Report @ https://www.custommarketinsights.com/request-for-customization/?reportid=18580
Growth Factors
The sale of electric vehicles is projected to increase due to many government programs, including tax rebates, grants, and other non-financial perks like access to carpool lanes and subsidies. For instance, German automakers increased their cash incentives for electric cars in November 2019 to delay the switch from internal combustion to battery-powered engines to prevent hazardous emissions. In addition, the sale of electric vehicles has increased significantly in recent decades in nations including the United States, China, and several European countries; this, in turn, will help the industry expand.
However, several key obstacles that impede market expansion include a lack of charging infrastructure, variances in assessing load, and a lack of standardization. Several regions, including China, Europe, the United States, Japan, Korea, and others, have varied standards for charging electric vehicles. To address this issue, certain electric vehicle manufacturers, like Tesla Inc., are concentrating on a worldwide standardization of the charging infrastructure.
Click Here to Access a Free Sample Report of the Global Electric Vehicle Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=18580
Nevertheless, it is projected that increasing the use of electric vehicles in the public and commercial sectors will propel the market. For instance, the UK government approved 200 electric buses in 2020, intending to make all buses electric by 2025, which may reduce CO2 emissions by roughly 7,400 tonnes annually.
Segmental Overview
The market for Electric vehicles (EV) is segmented into product and vehicle types. The demand for commercial vehicles is anticipated to expand at the highest CAGR shortly. Due to rising fuel prices, tough immigration laws imposed by governments, an increase in independent delivery vehicles, and the addition of electric motorcars and cars, this market segment is expected to grow rapidly.
The government-imposed strict emigration morals, rising fuel prices, the growing abandonment of independent delivery trucks, and the growing abandonment of electric motorcars and vehicles all contribute to the segment’s rapid growth.
Click Here to Access a Free Sample Report of the Global Electric Vehicle Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=18580
Key questions answered in this report:
- What is the size of the Electric Vehicle market and what is its expected growth rate?
- What are the primary driving factors that push the Electric Vehicle market forward?
- What are the Electric Vehicle Industry's top companies?
- What are the different categories that the Electric Vehicle Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Electric Vehicle market sample report and company profiles?
Click Here to Access a Free Sample Report of the Global Electric Vehicle Market @ https://www.custommarketinsights.com/report/electric-vehicle-market/
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Directly Purchase a copy of the Electric Vehicle report [220+ Pages] @ https://www.custommarketinsights.com/report/electric-vehicle-market/
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 170 Billion |
| Projected Market Size in 2030 | USD 1105 Billion |
| CAGR Growth Rate | 23% CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Prominent Players | BMW, BAIC Group, Nissan-Renault-Mitsubishi, GAC Motors, BYD, Great Wall Motors, Jaguar, Hyundai Group, Toyota, Mercedes, SAIC Motors, Stellantis, Tesla, Volkswagen Group, and Others |
| Key Segment | By Product, Vehicle Type, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Regional Overview
China, Japan, and South Korea are the Electric Vehicle market leaders for electric vehicles in the Asia Pacific region. China, the world’s largest producer and consumer of electric cars have a monopoly on the EV market in the area. However, their government has taken action, including providing subsidies for EV buyers, enacting laws requiring all automakers to produce EVs in proportion to the volume of vehicles they make, providing significant funding for installing EV charging stations throughout major cities, and enacting regulations against excessively polluting cars.
The EV market has also been expanding in Japan and South Korea. Their governments installed EV charging stations, created pollution standards, established deadlines for switching from ICE vehicles to full or hybrid EVs, and took other measures to assist the growth of EV demand.
Request Customized Copy of Electric Vehicle Market Report @ https://www.custommarketinsights.com/report/electric-vehicle-market/
Key Players Insights
Due to several Electric Vehicle market participants, there is intense rivalry in the global electric vehicle market. The incumbent players emphasize innovation and the creation of new models and technologies to address their weaknesses and solidify their position in the worldwide market. In addition, several market participants are also funding EV companies to increase their local footprint.
Furthermore, the auto industry has transitioned to battery-powered or electric vehicles due to increased government initiatives regarding environmental degradation from CO2 emissions. As a result, companies use partnerships, joint ventures, mergers, and acquisitions as Electric Vehicle market position retention strategies.
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Browse the full “(EV) Electric Vehicle Market Size, Trends and Insights By Product (BEV, PHEV), By Vehicle Type (Private Vehicles, Commercial Vehicles), Vehicle By Drive Type (FWD, RWD, AWD), By Vehicle Top Speed (<125 mph, >125 mph) and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” Report at https://www.custommarketinsights.com/report/electric-vehicle-market/
Some of the prominent players
- BMW
- BAIC Group
- BMW
- Nissan-Renault-Mitsubishi
- GAC Motors
- BYD
- Great Wall Motors
- Jaguar
- Hyundai Group
- Toyota
- Mercedes
- SAIC Motors
- Stellantis
- Tesla
- Volkswagen Group
Click Here to Access a Free Sample Report of the Global Electric Vehicle Market @ https://www.custommarketinsights.com/report/electric-vehicle-market/
The global Electric Vehicle market is segmented as follows:
By Product
- BEV
- PHEV
By Vehicle Type
- Private Vehicles
- Commercial Vehicles
Vehicle Drive Type
- FWD
- RWD
- AWD
Vehicle Top Speed
- <125 mph
- >125 mph
Directly Purchase a copy of the Electric Vehicle report [220+ Pages] @ https://www.custommarketinsights.com/report/electric-vehicle-market/
On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
To know about the assumptions considered for the study, download the pdf brochure @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=10716
Key Insights from Primary Research/Key Insights & Findings from the report:
- As per the analysis shared by our primary respondents, the Electric Vehicle market is expected to grow annually at a CAGR of around 10.5 %.
- Through primary research, it was established that the Electric Vehicle market was valued at around USD 1.5 Billion in 2021.
- Based on type segmentation, gas chromatography (GC) and high-performance liquid chromatography (HPLC) were predicted to show maximum market share in the year 2021.
- The key factor driving the market is the legalization of cannabis use for recreational and medical purposes will be the primary force behind future market trends.
- “North America” region will lead the global Electric Vehicle market during the forecast period 2022 to 2030.
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- A report in Microsoft Power BI
- Personalized market brief by author.
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- Permission to print the report.
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Click Here to Get a Free Sample Report of the Global Electric Vehicle Market @ https://www.custommarketinsights.com/report/electric-vehicle-market/
Browse More Related Reports:
This Electric Vehicle Market Research/Analysis Report Contains Answers to the following Questions.
- Which Manufacturing Technology is used for Electric Vehicles? What Developments Are Going on in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Electric Vehicle Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was the Global Market Status of the Electric Vehicle Market? What Was the Capacity, Production Value, Cost and PROFIT of the Electric Vehicle Market?
- What Is the Current Market Status of the Electric Vehicle Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of the Electric Vehicle Market by Considering Applications and Types?
- What Are Projections of the Global Electric Vehicle Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Electric Vehicle Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact on Electric Vehicle Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are the Market Dynamics of the Electric Vehicle Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Electric Vehicle Industry?
Directly Purchase a copy of the Electric Vehicle report [220+ Pages] @ https://www.custommarketinsights.com/report/electric-vehicle-market/
Reasons to Purchase Electric Vehicle Market Report
- Electric Vehicle Market Report provides qualitative and quantitative market analysis based on segmentation involving economic and non-economic factors.
- Electric Vehicle Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Electric Vehicle Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Electric Vehicle Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
Click Here to Access a Free Sample Report of the Global Electric Vehicle Market @ https://www.custommarketinsights.com/report/electric-vehicle-market/
Reasons for the Research Report
- The study provides a thorough overview of the global Electric Vehicle market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Electric Vehicle market analysis.
- The competitive environment of current and potential participants in the Electric Vehicle market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and Industry Vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Directly Purchase a copy of the Electric Vehicle report [220+ Pages] @ https://www.custommarketinsights.com/report/electric-vehicle-market/
Who should buy this report?
- Participants and stakeholders worldwide Electric Vehicle market should find this report useful. The research will be useful to all market participants in the Electric Vehicle Industry.
- Managers in the Electric Vehicle sector are interested in publishing up-to-date and projected data about the worldwide Electric Vehicle market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Electric Vehicle products' market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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Directly Purchase a copy of the Electric Vehicle report [220+ Pages] @ https://www.custommarketinsights.com/report/electric-vehicle-market/
