Title: Electric Vehicle Market Size, Share & Growth | Forecast [2027]
Headings: Electric Vehicle Market Size, Share & Covid-19 Impact Analysis, By Vehicle Type (Passenger Car and Commercial Vehicle), By Type (Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), and Hybrid Electric Vehicle (HEV)) and Regional Forecasts, 2020-2027
Electric Vehicle Market Size, Share & Covid-19 Impact Analysis, By Vehicle Type (Passenger Car and Commercial Vehicle), By Type (Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), and Hybrid Electric Vehicle (HEV)) and Regional Forecasts, 2020-2027
KEY MARKET INSIGHTS
Market to Show Positive Signs of Recovery Post COVID-19 Lockdown
LATEST TRENDS
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Increasing Investments in Electric Cars to Drive the Market
DRIVING FACTORS
Favorable Government Subsidies and Policies to Promote Electric Vehicle Sales
Strict Government Regulations on Vehicle Emissions to Promote Market
RESTRAINING FACTORS
High Manufacturing Cost to Hinder Market Growth
SEGMENTATION
By Vehicle Type Analysis
Passenger Car Segment is Expected to Hold the Largest Electric Vehicle Market Share
By Type Analysis
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Battery Electric Vehicles BEV Segment is Expected to Dominate the Market
REGIONAL INSIGHTS
Asia Pacific Electric Vehicle Market Size, 2019 (USD Billion)
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KEY INDUSTRY PLAYERS
Tesla Inc. is the Top Player in the Market
LIST OF KEY PLAYERS PROFILED:
KEY INDUSTRY DEVELOPMENTS:
REPORT COVERAGE
An Infographic Representation of Electric Vehicle Market
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Report Scope & Segmentation
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Content: This is because these vehicles have not yet achieved economies of scale and because they are not mass-produced. In addition, the absence of infrastructure associated with the development of EVs has proven to be a negative factor, which has affected the growth of the market. Similarly, manufacturing EVs requires a lot of assets and investment, which may also affect the growth of the market. SEGMENTATION
By Vehicle Type Analysis
Passenger Car Segment is Expected to Hold the Largest Electric Vehicle Market Share
Based on the vehicle type, the market is segmented into passenger cars and commercial vehicles. The passenger car segment accounts for the major share in the global market owing to increased sales and demand for passenger cars in Asia-Pacific. The adoption rate of EVs in Asia-Pacific is high owing to the presence of EV manufacturers' original equipment manufacturers and other automakers in the region. These factors will help promote the growth of this segment during the forecast period. The commercial vehicle segment is expected to experience growth during the forecast period due to the ever-increasing innovations in the battery of EVs to enhance the load capacity of the vehicle. It also includes expanding the scope and using lighter materials in vehicle design. By Type Analysis
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Battery Electric Vehicles BEV Segment is Expected to Dominate the Market
Based on the type, the market is segmented into a BEV, plug-in hybrid EV, and hybrid EV.