(702) 683-8946

Monday - Friday 9am to 5pm

triangle
ad1

http://crweworld.com/assets/images/ad/content-delivery-solution.jpg

Our content delivery solution through CRWE WORLDCRWE Press Release and CRWE Tubegives corporations and businesses a vehicle to expand their exposure

Content Delivery Solution (Learn More)

ad3

http://crweworld.com/assets/img/crwe_info.png

CRWE Info ( CRWE.Info ) provides news and updates about Crown Equity Holdings Inc. and the CRWE World platform

www.crwe.info

ad4

http://crweworld.com/assets/images/ad/submit_a_press_release.jpg

Submit Your Press Release/News to the CRWE WORLD Network for $14.95! Increase Visibility, Boost Your Business

www.CRWEPressRelease.com






Lucintel Forecasts Electric Vehicle Market to Reach $563.7 Billion by 2026

  • April 28th, 2021
  • 65 views

Dallas, TX / CRWE PRESS RELEASE / April 28, 2021 - According to the recent study the electric vehicle market is projected to reach an estimated $563.7 billion by 2026 from $117.8 billion in 2020, at a CAGR of 28.8% from 2020 to 2026. Growth in this market is primarily driven by increasing fuel prices, government subsidies as tax benefits to promote electric vehicles, and growing concerns for environmental pollution.

Browse 120 figures / charts and 104 tables in this 200 -page report to understand trends, opportunities and forecast in electric vehicle market by propulsion type (battery electric vehicles and hybrid & plug-in-hybrid electric vehicles), by vehicle type (compact car, luxury car, SUVs & crossover, small car, mid-size car, and others), by component type (independent drive component, battery, motor and gearbox, charger, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/electric-vehicle-market.aspx

“Battery electric vehicle market is expected to remain the largest segment during the forecast period.”

Based on propulsion type, the electric vehicle market is segmented into battery electric vehicles, and hybrid & plug-in-hybrid electric vehicles. Lucintel forecasts that the battery electric vehicles market is expected to remain the largest segment and it is also expected to witness the highest growth over the forecast period due to the consumers’ demand for zero emission vehicles, and decreasing electric vehicle battery cost.

“Within the electric vehicle market, the compact car segment is expected to remain the largest vehicle type”

Based on vehicle type, the compact car segment is expected to witness the largest vehicle type and it is expected to witness the highest growth over the forecast period due to increasing features such as, improvement in vehicle range per charge and charging infrastructure. 

“Asia pacific will dominate the electric vehicle market in near future”

Asia Pacific is expected to be the largest region with the highest growth over the forecast period due to growing concerns on environmental pollution, government subsidies and tax rebates, and heavy investment from automaker in electric vehicle development.

Download Brochure of this report by clicking on https://www.lucintel.com/electric-vehicle-market.aspx

Major players of electric vehicle market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Tesla, General Motors, Nissan Motor, Mitsubishi, Volkswagen, BMW, Ford, Mercedes Benz, Hyundai, and Kia Motorare among the major electric vehicle providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/electric-vehicle-market.aspx or helpdesk@lucintel.com

Social Shares

Post Your Comments