Global Electric Vehicle Market - Forecast to Grow at a CAGR of 41% by 2023 - Research and Markets

The "Global Electric Vehicle Market Research Report Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023" report has been added to Research and Markets' offering.

The global electric vehicle market is expected to have a CAGR of 41% during the forecast period 2014-2023.

Although electric vehicle market is still a niche market but poses a great potential as electric vehicle use electricity as a fuel utilizing power stored in batteries to propel electric motor thus is a clean fuel in comparison to diesel and petrols they release CO2 upon combustion. Government policies aim at decreasing the CO2 emission, globally, by 28% by 2025.

Government of different countries such as Germany, US, China, Japan etc. provide subsidy on electric vehicles to promote their usage which would propel huge growth in the electric vehicle market. Rise in disposable income also drives the electric vehicle market. The major factor restraining the growth of electric vehicle market are low performance of vehicle at high speed, low number of charging stations and high price of the vehicle.

Companies Mentioned

  • Bayerische Motoren Werke Ag
  • BYD
  • Daimler Ag
  • Ford Motor Company
  • Geely Group
  • General Motors Company
  • Groupe Psa
  • Honda Motor Co., Ltd
  • Hyundai
  • Mitsubishi
  • Mitsubishi Motors Corporation
  • Nissan Motor Corporation Ltd
  • Tesla Motors, Inc
  • Toyota Motor Corporation
  • Volkswagen Ag

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Geographical Analysis

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/3dxd7q/global_electric