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Global Electric Passenger Vehicle Market is Expected to Reach USD 312.2 Billion by 2024

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Global Electric Passenger Vehicle Market is Expected to Reach USD 312.2 Billion by 2024


According to Goldstein Research, global electric passenger vehicle market is expected to reach USD 312.2 billion by 2024 from USD 92.3 billion in 2015, growing at a CAGR of 16.4% over the forecast period 2016-2024. Technological advancement associated with electric vehicle batteries is fuelling the growth of electric vehicle passenger market. Electric passenger vehicle market segmentation has been carried out on the basis of technology and vehicle types. Hybrid vehicles market is expected to grow significantly in the regions where electric vehicles charging infrastructure is not developed such as Brazil, India, Russia and others.

Global electric passenger vehicle market is dominated by China in terms of volume, with more than 40% of the electric vehicles sales globally, which is twice the units of cars sold in United States. Norway has the highest adoption rate of 29% of electric passenger vehicles in 2015 in terms of deployment of electric vehicles.

Market Segmentation

On the basis of our in-depth analysis, Global Electric Passenger Vehicle Market can be segmented as follows:

By Technology Type

o Hybrid cars

o Plug-in Hybrid Cars

o Battery Electric Vehicles

By Vehicle Type

o Four Wheelers

o Two Wheelers

By Region

o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}

o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

Download Exclusive  Sample Report: Electric Passenger Vehicle Market Report Sample

Global Electric Passenger Vehicle Market Outlook 2024” contains detailed overview of the global electric passenger vehicle market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by technology and by vehicle types.

Further, for the in-depth analysis, Global Electric Passenger Vehicle Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Tesla Motors, Nissan Motor, BMW Ag, General Motors, The Geely Group, Volkswagen, BYD Co. Ltd., Ford, Mitsubishi, Polaris, Ingersoll Rand, Mercedes-Benz, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global electric passenger vehicle market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Browse Full Report: https://www.goldsteinresearch.com/report/global-electric-passenger-vehicles-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview.

Our analysts working on automobile industry analysis reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

Contact for more Info:

Steve Blade

(Global Sales Head)

USA: + 1-646-568-7747

Canada:  1-437-886-1181

UK: +44-203-318-6627

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Global Electric Passenger Vehicle Market is Expected to Reach USD 312.2 Billion by 2024

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