Electric Vehicles Market Insights: Business Opportunities, Current Trends and Restraints Forecast 2025
According to a new report published by Reports Monitor titled, “Global Electric Vehicles Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the electric vehicles market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Electric Vehicles forms an alternative solution to the gasoline operated vehicles, hence helping in reducing the impact of harmful pollutants on the environment. These vehicles have motor and controller powered by the electric charge for propulsion. Low maintenance cost due to the absence of exhaust system and supporting components has resulted in the major adoption thereby increasing the growth.
The Global Electric Vehicles Market Professional Survey Report scrutinizes the present scenario and the future growth prospects of the Industry. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth and detailed analysis along with important inputs from the various industry experts.
Continuous demand for the high performance and fuel efficient vehicles with low emission has resulted as a primary driver in boosting the market growth. Moreover the favorable government policies and regulations in promoting the development of electric vehicles has also contributed in propelling the market growth. However, the high initial investment and limited capacity of the batteries may result in hampering the market growth.
The major regions covered in the global electric vehicles market are: North America, Europe, Asia-Pacific and LAMEA (Latin America, Middle East and Africa). Among the regions covered Asia–Pacific is dominating the market owing to the increased adoption and immense research and development in the electric vehicles market by the developing economies such as China, Japan and India, while North America and Europe is expected to achieve a stable growth in the forecast period.
The major companies profiled in the report include Tesla, BMW Group, Nissan Motor Corporation, Toyota Motor Corporation, Volkswagen AG, General Motors, Daimler AG, Energica Motor Company S.P.A., BYD Company Motors, and Ford Motor Company.
About Garner Insights:
We at Garner Insights.com provide a comprehensive analysis by providing in-depth reports of the various market verticals. Our Mission is to provide a detailed analysis of the vast markets worldwide backed by rich data. Decision makers can now rely on our well-defined data gathering methods to get the correct and accurate market forecasting along with detailed analysis.