Global Electric Vehicles Market Research Report and Forecast 2022-2027
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Report Description
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Report Description and Highlights
Report Description
Global Electric Vehicles Market Outlook 2027: According to the latest report by IMARC Group, titled " Electric Vehicles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2 027 ," the global electric vehicles market reached a volume of 12.7 Million Units in 2021. An electric vehicle (EV) is a self-propelling automobile that is partially or fully powered on electric traction motors instead of an internal combustion engine. It uses a large traction battery pack to power the electric motor, which requires a charging from electric vehicle supply equipment (EVSE). EVs can also be charged through turbochargers and regenerative braking systems that function by converting kinetic energy into electrical energy. Some other key components of EVs include a charge port, DC/DC converter, electric traction motor, onboard charger, power electronic controller, thermal system (cooling), traction battery pack, and transmission. As compared to conventional automobiles, EVs are more environment friendly and cost-effective as they omit the use of fossil fuels, eliminate tailpipe emissions, reduce the dependency on liquid fuel components, and require lesser maintenance. Request for a free sample: https://www.imarcgroup.com/electric-vehicles-market/requestsample
Report Description and Highlights
Report Description
Global Electric Vehicles Market Trends: Growing environmental concerns, rapid urbanization, and increasing per capita income, particularly in emerging economies, are primarily facilitating the demand for electronic vehicles across the globe. This is further supported by extensive research and development (R&D) activities to engineer zero- and lowemission vehicles with improved fuel efficiency and a strong, soundless engine. Manufacturers are also aiming to reduce the dependence on other forms of fuels through considerable investments in improving the charging infrastructure by launching vehicle-to-grid (V2G) charging energy management system, which is acting as a major growth-inducing factor. Moreover, the widespread adoption of resource-efficient production techniques, along with significant expansion in the electronics. automotive, and new energy sectors are also catalyzing the market growth. Additionally, governments of various nations are undertaking favorable initiatives to provide subsidies, tax exemptions and freeof-cost charging facilities to the users, which, in turn, is creating a positive outlook for the market. Apart from this, the widespread adoption of lithium-ion and graphene-based batteries is further helping key players to generate new business opportunities in the market.
Report Description and Highlights Report Description Market Summary: Breakup by Component: • Battery Cells & Packs • On-Board Charger • Fuel Stack Breakup by Charging Type: • Slow Charging • Fast Charging Breakup Propulsion Type: • Battery Electric Vehicle (BEV) • Fuel Cell Electric Vehicle (FCEV) • Plug-In Hybrid Electric Vehicle (PHEV) • Hybrid Electric Vehicle (HEV)
Report Description and Highlights Report Description Breakup by Vehicle Type: • Passenger Vehicles • Commercial Vehicles Breakup by Region: • North America • Asia Pacific • Europe • Middle East and Africa • Latin America
Looking forward, IMARC Group expects the market to reach 106.6 Million Units by 2027, exhibiting at a CAGR of 41.8% during 2022-2027.
Report Description and Highlights Report Description Competitive Landscape With Key players: • Bayerische Motoren Werke AG • BYD Auto • Chery • Daimler AG • Ford Motor Company • Geely • General Motors • Honda Motor Company • Hyundai Motor Company • Nissan • Renault • SAIC Motor • Tesla Inc • Toyota Motor Corporation • Volkswagen View Report TOC, Figures and Tables: https://www.imarcgroup.com/electric-vehicles-market
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Report Description and Highlights
Report Description
© 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
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