New York, According to a new market research report published by Global Insight Services “Electric Vehicle Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Electric vehicles are powered by an electric motor instead of a gasoline engine. Electric vehicles include hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), all-electric vehicles (EVs), and fuel cell electric vehicles (FCEVs).
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Key Players
- Tesla
- BMW
- Nissan
- Volkswagen
- Mercedes–Benz
- Audi
- Chevrolet
- Ford
- Hyundai
- Toyota
- Volvo
Key Trends and Drivers
The electric vehicle market is expected to grow significantly in the next decade. The main drivers for this growth are the increasing concerns about climate change and air pollution, and the need to reduce dependence on fossil fuels.
Some key trends in electric vehicles include longer range, faster charging, and cheaper prices.
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Market Segments
By Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
By Vehicle Type
- Two-Wheelers
- Passenger Cars
- Commercial Vehicles
By Vehicle Class
- Mid-Priced
- Luxury
By Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
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With Global Insight Services, you receive:
- 10-year forecast to help you make strategic decisions
- In-depth segmentation which can be customized as per your requirements
- Free consultation with lead analyst of the report
- Excel data pack included with all report purchases
- Robust and transparent research methodology
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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