The latest battery electric vehicles market research report 2019-2025 contains complete Industry outlook, market manufacturers and key statistics analysis. The industry sales & Share, trends are all discussed, explained and analyzed.
Selbyville, Delaware , USA - April 18, 2019 /MarketersMedia/ —
Battery electric vehicles market demand will be propelled by growing prevalence of carbon emissions along with rising concerns to reduce dependency on fossil fuels. Regulatory authorities are establishing guidelines for energy security and air quality improvement, offering a positive outlook for green mobility adoption across the globe. Rising disposable income along with requirement for efficient personal mobility solutions are further escalating the BEV market growth over the projected timeframe.
The uptake of battery electric vehicles (BEV) market is largely driven by supporting policy environment. Major economies across the globe are focusing on reducing the dependency on conventional fuels by phasing out diesel and gasoline engine vehicles. These policies are creating favorable environment for consumers to opt for BEV’s. Industry participants are also launching multiple variants of electric vehicles to target a wide customer base, thereby providing a positive outlook for the industry expansion over the study timeframe.
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Financial incentives offered by governments such as vehicle registration tax exemptions, free access to toll roads, tax credits, and free charging facilities are among the major factors accelerating the battery electric vehicles market share over the forecast timeframe. Moreover, easier diagnostics and repair facilities are enabling consumers to opt for such vehicles owing to convenient services.
Improvements in battery technologies, higher driving range, and charging infrastructure are providing a significant boost to battery electric vehicles market expansion. Industry players are constantly investing in R&D to diversify and expand their product portfolio to target a wide customer base. Several economies are testing the feasibility of deploying electric buses for felicitating daily transportation to enhance the efficiency and reduce greenhouse gas emissions.
Improving vehicle engineering capabilities coupled with technical advancements in powertrain systems are propelling for the development of battery electric vehicles systems. The availability of simpler mechanical components, along with lower motor weight contribute significantly towards increasing the overall vehicle efficiency. Provision for charging alternatives at hospitality locations and workplaces will further assist in strengthening the battery electric vehicles market penetration.
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The heavy-duty vehicles will showcase a significant growth rate of over 9% from 2019 to 2025. This growth can be attributed to the adoption of electric trucks owing to rising pollution concerns from such vehicles. Industry players are focused on launching electric powertrain for trucks with focus on high driving range to attract a wide customer base.
North America battery electric vehicles market will grow considerably at over 13% from 2019 to 2025. This is attributed to the presence of multiple players focusing on offering a wide range of electric vehicles. Favorable government policies, stringent pollution norms along with supporting charging infrastructure plays an important role in the regional BEV market share expansion over the study timeframe.
Few of the key players in the battery electric vehicles market place include BYD company Ltd., BMW, Daimler AG, Volkswagen AG, Ford Motor Company, Toyota Motor Corporation, Nissan Motor Corporation, Hyundai Motor Company, and Tesla Inc. Industry participants are focusing on introducing a new range of BEV’s for increasing their revenue generation.
Browse key industry insights spread across 210 pages with 218 market data tables & 9 figures & charts from the report, “Battery Electric Vehicles (BEV) Market Size By Vehicle (Heavy Duty Vehicles, Agriculture, Buses, Port Vehicles/Container Handling Or Transport, Automotive, Class 8/Long Haul), Regional Outlook (U.S., Canada, Germany, UK, France, Sweden, Italy, Norway, Spain, Netherlands, China, Japan, India, Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/battery-electric-vehicles-bev-market
Table of Contents (ToC) of the report:
Battery Electric Vehicles (BEV) Market - Charts & Figures
FIG. 1 Industry segmentation
FIG. 2 Industry landscape, (Units) (USD Million), 2013 – 2025
FIG. 3 Industry ecosystem analysis
FIG. 4 Total U.S. GHG emissions by economic sector, 2016
FIG. 5 Growth potential analysis, 2018
FIG. 6 Porter’s analysis
FIG. 7 PESTLE analysis
FIG. 8 Global market share by vehicle, 2018 & 2025
FIG. 9 Global market share by region, 2018 & 2025
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/battery-electric-vehicles-bev-market
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