The global Electric Vehicles (EVs) market size reached USD 238.67 Billion in 2021 and is expected to register a revenue CAGR of 22.2% during the forecast period, according to latest analysis by Emergen Research. Increasing need for reducing dependency on imported oil and other fossil fuels is a major factor creating higher demand for EVs and thus, driving market revenue growth.
The Electric Vehicles Market research evaluates the significant alterations brought about by the outbreak in this commercial environment and takes into account the key market factors that have been significantly impacted. The research elaborates on the fast evolving market environment in the COVID-19 era in an effort to assist companies operating in this industry in overcoming the gripping effects of the pandemic and developing new growth strategies to improve the COVID-19 preparation.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Electric Vehicles market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
Volkswagen Group, Tesla Motors, BYD Company Ltd., Ford Motor Company, Nissan Motor Company, Toyota Motor Corporation, Daimler AG, BMW, Mitsubishi Motors Corporation and Hyundai
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Emergen Research has segmented the global EVs market on the basis of product, vehicle type, vehicle class, top speed, vehicle drive, charging station, and region:
Product Outlook (Revenue, USD Million; 2019–2030)
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
Vehicle Type Outlook (Revenue, USD Million; 2019–2030)
- Commercial Vehicles
- Passenger Cars
Vehicle Class Outlook (Revenue, USD Million; 2019–2030)
- Mid-priced
- Luxury
Top Speed Outlook (Revenue, USD Million; 2019–2030)
- Less Than 125 MPH
- More Than 125 MPH
Vehicle Drive Outlook (Revenue, USD Million; 2019–2030)
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
Charging Station Outlook (Revenue, USD Million; 2019–2030)
- Level 1
- Level 2
- Level 3
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the Electric Vehicles Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Electric Vehicles Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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