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EVs: Global Forecast until 2021

  • January 2017
  • 206 pages
  • ID: 4664184
In this report:
The market for electric vehicles sales in Japan was estimated to be ##,## units in 2016 and is projected to reach ##,##,## units by 2021 with a CAGR of ##.##%.
Norway with its strong fiscal incentives, and coordinated campaign towards the development of a national recharging infrastructure, and strongly supportive local measures in key urban areas has resulted in a strong EV market and thus it has been projected that the EV sales in Norway will grow at a CAGR of ##.##% between 2016 and 2021.

Summary

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"Availability of government support including subsidies and tax rebates, growing consumer awareness, rising vehicle range and low charging time has driven the industry demand for EVs globally"

EV sales is forecasted to grow at a compound annual growth rate (CAGR) of ~20.7 percent to reach 5.76 million unit by 2021. Government subsidies and tax rebates, variety of EV models, growing vehicle range and improving charging infrastructure are the factors responsible for the increase of in sales of EVs.

Electric passenger car segment is the fastest-growing segment

Electric passenger cars are the fastest-growing segment in the EV market as they are showing a significant rise as distinguished to the commercial vehicle segment. Availability of broad range of models, upgraded technology, rising customer awareness and availability of subsidies and tax rebates are the main factors driving the industry.

Asia Pacific (APAC) controls the EV market in terms of sales

The Asia-Pac is the biggest market for the EVs succeeded by North America continent. Existing grants and subsides, tax rebates, and availability of charging infrastructure are contributing to the increase in EV sales in this area. Japan (JP) and China (CN) are emerging as the biggest sectors for EVs and production and many OEMs have setup production facilities to cater to the increasing demand.

The market research includes business insights specified by different market experts, ranging from online retailers to Tier-1 firms and Original equipment manufacturers. The break-up of the primaries is like:

- By Company Type: Tier I - 42.0 percent, Tier II - 40.0 percent and Tier III - 18.0 percent,

- By Designation: C Level - 26.0 percent, D Level - 38.0 percent and Others - 36.0 percent

- By area: North america (NA) - 30.0 percent, Europe - 38.0 percent, Asia-Pacific - 32.0 percent

Segment Research

The analysis offers a picture of overall EV sales and EV infrastructure market together with the market details for EV Components with respect.to. different areas and territories. It aims at evaluating the market value and upcoming growth potential of this market across distinct segments including by propulsion type, vehicle type, charging station type, EV components, industry verticals, and localities. Apart from it, the market research also includes the government regulations concerning the subsidies and grants available for EVs, future technology roadmap which comprises battery and charging time, safety and EV battery disposal regulations for all the countries mentioned in the industry report. Moreover, the study also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, SWOT study, recent evolutions, and key industries strategies.

Main highlights

The analysis will facilitate the market top players/new sector entrants in this sector by providing them the closest approximations of the revenue numbers for the global EV, EV Infrastructure and EV components market and their subsegments. This industry report will facilitate partners to better find out the competitor overview and obtain additional insights to better option their businesses and make suitable go-to-market approaches. The market research also benefits the partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

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