Electric Vehicles Market Trends Highlighted by iGATE Research in Its New Report Recently Added at MarketPublishers.com30 Mar 2016 • by Natalie Aster
LONDON – The worldwide market for electric vehicles is witnessing sustained rapid growth driven majorly by the constantly rising interest among end-users and favorable governmental initiatives (like free parking, no registration tax, no road tax, no VAT). Electric vehicles are sees as potential option on going to a less carbon intensive road transport. Electric vehicles decrease dependence on diesel, gasoline and petroleum and, at the same time, tap into a source of electricity, which is often domestic and comparatively inexpensive.
The global electric vehicles market is anticipated to continue gain traction in the years to come, registering a double-digit CAGR through 2021. Low operating costs, rising trend towards sustainable developments along with introduction of more efficient and less-costly batteries further spurs growth of the global demand for electric vehicles.
However, the electric vehicles market faces a number of challenges including long recharging time, limited driving range and also high purchasing cost.
In 2015, Asia and Europe ranked the first and the second largest regional markets for electric vehicles. China, the Netherlands, Norway, France and Germany are the key growth driving country-wide markets in these regions.
New topical report “Electric Vehicles (BEV and PHEV) Sales Volume and Market Forecast - Global Analysis” worked out by iGATE Research offers trustworthy data on the performance of the global electric vehicles market. It describes the prevailing market trends, points out the key challenges and opportunities of the electric vehicles market players, and examines the main factors shaping the development of the industry. The report sheds light on the regulative initiatives in different countries, gives details on the current scenario as well as historical development of the market, furthermore, it provides detailed forecasts through 2021. The research study contains 24 country-wide markets analyses, uncovers sales volumes statistics, covers the key market segments by product type and also highlights the most important industry related issues.
Electric Vehicles (BEV and PHEV) Sales Volume and Market Forecast - Global Analysis
Published: March, 2016
Price: US$ 1,650.00
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