Future of Electric Vehicles Buy One Now
Future of Electric Vehicles Buy One Now : The global electric vehicles market has been witnessing a steady growth over the past few years. The market is anticipated to grow at a CAGR of 18.4% during the forecast period 2017-2026. In terms of revenue, this segment is expected to reach USD 810 billion by 2026 from USD 150 billion in 2016
The market is anticipated to grow at a CAGR of 18.4% during the forecast period 2017-2026.
The global electric vehicles market is anticipated to grow at a CAGR of 18.4% during the forecast period 2017-2026, which is expected to be driven by increasing demand for luxury cars, growing government initiatives and incentives for cleaner transportation along with rising concerns regarding air pollution.
The growth in the global electric vehicles market can be attributed primarily to factors such as:
- Increasing number of hybrid and fully-electric models being launched by manufacturers across all segments
- Increase in production capacity & manufacturing facilities that support these new models
Electric Vehicles have been in the automotive industry for quite some time and over the years, their popularity has grown considerably.
Electric vehicles have been in the automotive industry for quite some time and over the years, their popularity has grown considerably. These vehicles are eco-friendly, environment-friendly, cheaper to run than conventional gasoline or diesel engine powered cars and trucks, quieter and more fuel efficient with a better acceleration than conventional gas or diesel engines.
The benefits of an electric vehicle include:
- Environmentally friendly – Since they don’t emit any harmful gases into the atmosphere during operation; they help reduce air pollution which is good for everyone!
- Fuel efficient – They use less fuel than regular cars so you can drive longer distances without worrying about running out of gas! This also means that there will be less greenhouse gases released into our atmosphere when driving around town (and country).
With increasing environmental concerns, these vehicles are gaining traction due to its ability to curb air pollution and are eco- friendly.
The electric vehicle market is expected to grow at a CAGR of 18.4% during the forecast period 2017-2026. The growing government support for these vehicles and their increasing demand from end users are some of the factors which will drive this market growth over the next few years.
The global electric vehicle (EV) sales are projected to cross 200 million units by 2022, growing at a compound annual growth rate (CAGR) of 17%, according to research firm GlobalData’s latest report titled “Electric Vehicles Market”. It also said that there has been an increase in the number of EV models launched globally in recent years with each manufacturer trying out new technologies for better performance along with battery life improvement technologies such as improved materials used in batteries etc., resulting into higher battery capacities than before which may help them reduce costs or improve margins
Since the past few years, there has a shift towards green energy across the globe and government policies also support these vehicles.
Since the past few years, there has a shift towards green energy across the globe and government policies also support these vehicles. As more and more countries want to reduce their carbon footprint, people are starting to use electric cars instead of gasoline-powered ones. The reason behind this is that they save money on fuel costs while at the same time helping save environment by reducing pollution levels.
If you think about it logically, it would make sense for society to support electric vehicles because they help protect our planet by reducing CO2 emissions by around 90%. However, this shift isn’t just happening because people want something better for themselves but also as part of an overall change towards cleaner forms of transportation such as bikes or even public transportation systems like trains or buses which can be powered entirely by renewable energy sources like solar panels installed on top off buildings where sunlight hits them directly without having any interference from artificial lights like streetlights.”
This also created opportunities for numerous electric vehicle manufacturers to increase their production capacity.
As the demand for electric vehicles increases, so does the number of manufacturers. This is because there are more people willing to purchase a vehicle that runs on electricity than ever before. The reason why this is happening is because environmental concerns have led many people to want to buy an electric car instead of a regular gas-burning one.
This also created opportunities for numerous electric vehicle manufacturers to increase their production capacity. Electric vehicles are becoming more popular every year as they offer lower costs and better fuel efficiency than conventional cars or trucks do.
Apart from this, increasing R&D activities will propel the demand for electric vehicles.
Apart from this, increasing R&D activities will propel the demand for electric vehicles. Electric vehicle manufacturers have been investing in R&D for a long time now and this is likely to continue in the future as well. The demand for electric cars is expected to increase owing to several factors including governments’ efforts towards promoting environment-friendly transportation modes, rising pollution levels in cities across the globe and rising prices of fuel that can be used in internal combustion engines (ICE).
Electric Vehicles Market Analysis by Vehicle Type (Passenger Car, Light Commercial Vehicles, Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Hybrids) Types (Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Hybrids), Batter Type (Lead Acid, Lithium Ion) Application (Commercial, Personal)- Global Forecast till 2026
The global electric vehicle market is expected to reach USD 810 billion by 2026, growing at a CAGR of 18.4% during the forecast period 2017-2026. The growth can be attributed to the increasing demand for environmentally friendly vehicles and government policies such as tax incentives that encourage buying these cars.
The passenger car segment accounted for over half (53%) of all electric vehicles sold in 2016 and is projected to be the largest consumer segment throughout this period under consideration here; it also accounted for more than one third (35%) of total sales in 2016 worldwide.*
Market Research Future is a global market research and intelligence firm offering syndicated and custom research reports along with growth consulting services. Our reports offer you an insight into the actual information that matters most to you, your company, or industry.
Market Research Future (MRFR) has been a pioneer in providing actionable market research since 1993. With our Knowledge Store of 500+ reports, we cover 10 industries across various continents. We have helped 5000 clients grow by 30%+ in terms of revenue as their vision becomes reality!
The global electric vehicles market is anticipated to cross USD 810 billion mark by 2026 from USD 150 billion in 2016
The global electric vehicles market is anticipated to cross USD 810 billion mark by 2026 from USD 150 billion in 2016. This growth can be attributed to the increasing environmental concerns and government policy support, which has led to a surge in demand for electric cars.
The growing number of governments around the world have established policies that encourage the use of electric vehicles as they are considered as an efficient way of reducing carbon emissions. Furthermore, these policies also provide tax incentives or rebates for purchasing such vehicles; this has further boosted their adoption rate across various countries across different continents.
The global electric vehicles market is anticipated to cross USD 810 billion mark by 2026 from USD 150 billion in 2016. The growth in the performance of batteries has been a key contributor for the growth of this market. The growing demand for eco-friendly vehicles has spurred the demand for these vehicles across various regions such as APAC, North America and Europe. In addition, an increase in government policies supporting these vehicles will further fuel their adoption rate over the forecast period.
Also Click : SIP in MCX 1 Gram Gold Petal