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 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
Key Players
- Tesla
- BMW
- Nissan
- Volkswagen
- Mercedes–Benz
- Audi
- Chevrolet
- Ford
- Hyundai
- Toyota
- Volvo
- Kia
- Mitsubishi
- Lexus
- Porsche
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Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario
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