This market research study analyzes the leading players in the global electric vehicle market such as BMW, GM, Nissan Motor, Renault, and Tesla Motors. A competitive analysis of this market is also presented by the key regions including China, Europe, Japan, North America, and Rest of APAC.
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One of the latest trends gaining significant traction in the market is the emergence of fuel cell electric vehicle technology (FCV) in extended range electric vehicle (EREVs). This variant uses a fuel cell instead of an engine to extend the range of battery by charging through an electric motor.
Fuel cells generate electricity using oxygen (from the air) and compressed hydrogen. FCVs that use hydrogen is a zero-emission vehicle as it only emits water and heat. Moreover, fuel cells are also being developed and tested in buses, motorcycles, and other kinds of vehicles.
Recently, Hyundai released its new version of sports utility vehicle (SUV) Tucson as the first mass-produced FCV and the first compact SUV to offer fuel cell technology. With increasing concerns for the environment and stringent laws pertaining to emission, the governments of many countries like Japan are adopting and promoting FCVs, which will boost the sales of electric vehicles over the next four years.
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On the basis of technology, the electric vehicles market is divided into hybrid electric vehicles, plug-in hybrid electric vehicles and battery electric vehicles. Though plug-in hybrid electric vehicles hold the least amount of share in the market, it is projected to grow at the fastest rate with a CAGR of 17.9% in the forthcoming years owing to higher flexibility in terms of its usage.
It provides the Electric Vehicle industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Electric Vehicle market study provides comprehensive data which enhances the understanding, scope and application of this report.
The Major players reported in the market include:
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Key market segments and sub-segments
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Opportunity mapping in terms of technological breakthroughs
This report provides pin-point analysis for changing competitive dynamics
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It provides a six-year forecast assessed on the basis of how the market is predicted to grow
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