Global Electric Vehicles Market to Reach USD 346.3 Billion by 2024


The global electric vehicles market accounted for USD 118.4 billion in 2016 and is expected to reach USD 346.3 billion by the end of forecast period i.e. 2024.



[ClickPress, Mon Apr 09 2018] According to Goldstein Research, global Electric vehicles market is expected to reach USD 346.3 billion by the end of 2024 from USD 118.4 billion in 2016, growing at a CAGR of 14.3%. The growing concerns towards sustainability decreased carbon emissions and clean energy sources are the major driving factors for the adoption of electric vehicles. Global Electric vehicles market segmentation has been done on the basis of technology type, vehicle type and geography. Adaption of electric two-wheeler has gained major market share over the past few years and has been successful to curb carbon emissions. Two-wheelers are followed by electric buses, majorly in China where government has support for deploying charging stations.
Global Electric vehicles market is majorly dominated by Asia-Pacific region with China acquiring the leading position in terms of sales and revenue. APAC is closely followed by Europe having 28% market share of global electric vehicles market.

Market Segmentation
On the basis of our in-depth analysis, Global Electric Vehicles Market can be segmented as follows:

• By Technology Type

o Hybrid cars
o Plug-in Hybrid Cars
o Battery Electric Vehicles

• By Vehicle Type

o Passenger Cars
o Commercial Vehicles
o Two Wheelers
o Others (ATVs etc.)

• On the basis of region

o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Electric Vehicles Market Outlook 2024” contains detailed overview of the global Electric vehicles market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by technology type and vehicle type.

Further, for the in-depth analysis, Global Electric Vehicles Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Nissan Motor Corporation Ltd., Pioneer Corporation, Honda Motor Co., Ltd., Toyota Motor Corporation, Tesla Motors, Inc., Ford Motor Company, Bayerische Motoren Werke AG, General Motors, Daimler AG, Volkswagen AG, BYD Company Motors, Mitsubishi Motors Corporation, Geely Group, Polaris, Ingersoll Rand, Groupe Psa, etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global Electric vehicles market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Browse full Report @ https://www.goldsteinresearch.com/report/electric-vehicle-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

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