PPT: Electric Vehicle Market to Witness Huge Growth during 2021-2026

Global Electric Vehicle Market Research and Forecast Report(2021-2026)

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Report Description and Highlights

Report Description

GLOBAL Electric Vehicle Market Research Report: As per the latest report by IMARC Group, titled “ Electric Vehicles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global electric vehicle market size reached a strong growth in 2020.

An electric vehicle (EV) is a relatively new technology in the automotive industry that is rapidly gaining traction across the globe. They operate using an electric motor instead of an internal-combustion engine, which produces power by burning a mix of fuel and gases.

As a result, they offer a number of benefits, which include energy-efficiency, easy maintenance and generating less greenhouse gases (GHGs).

Owing to the rising pollution levels, increasing concerns about climate change and depleting natural resources, they are replacing conventional automobiles across the world.

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Report Description and Highlights

Report Description

Global Electric Vehicle Market Trends : A boost in the overall sales of EVs can be accredited to the reduction in the cost of batteries, availability of purchase incentives, and driving and parking access advantages.

Apart from this, owing to the growing concerns about environmental degradation, there is a rise in the demand for fuel-efficient automobiles across the globe. In line with this, governments of several countries are offering subsidies, tax exemptions and free charging facilities to encourage the adoption of EVs. Furthermore, leading manufacturers in the industry are focusing on integrating advanced technologies for introducing zero- and low-emission vehicles with improved fuel efficiency, as well as soundless operations.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2021-2026).

Report Description and Highlights

Report Description Market Summary: Breakup by Component : • Battery cells and packs • On-board charger • Fuel stack

Breakup By Vehicle Type: • passenger Vehicles • commercial and other vehicles Breakup by propulsion type: • Battery electric vehicles • Fuel cell electric vehicles • Plug-in hybrid electric vehicles • Hybrid electric vehicles

Report Description Report Description and Highlights Other factors anticipated to stimulate the market growth in the coming years include rapid urbanization, inflating income levels and extensive research and development (R&D) activities.

Improvements in the EV charging infrastructure are also contributing to the market growth.

Breakup by Region: • Asia Pacific • China • Japan • India • South Korea, Australia, Indonesia • Other major regions include Europe • North America • Middle East and Africa • Latin America Note: We are updating our research report 2021-2026. If you want to need latest primary and secondary data with Cost Module, Business Strategy, Distribution Channel, etc.

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Report Description

Competitive Landscape with Key Player: • Bayerische Motoren Werke (BMW) AG • BYD Auto Co. • Chery Automobile Co. • Ltd., Daimler AG • Ford Motor Company • Zhejiang Geely Holding Group Co. • Ltd., General Motors Company, Honda Motor Company • Ltd., Hyundai Motor Company • Nissan Motor Co. • Ltd., Renault SA • SAIC Motor Corporation Limited • Tesla Inc. • Toyota Motor Corporation and Volkswagen AG View Full Customization Report with TOC and List of figure : https://www.imarcgroup.com/electric-vehicles-market

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Clients world's leading corporates, governments, and ourPartial ClientsList of institutions

A partial List of

We are the trusted business partners to the

of Clients leading corporates, governments, and ourPartial ClientsListworld's institutions

Report Description and Highlights

Report Description

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Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.

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