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Huge Demand of Global Electric Vehicles Market during 2021-2031|expected to witness a whopping CAGR of over 25%

Electric Vehicles Market 2021-2031

New Study Reports ” Electric Vehicles Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2031″ has been Added on PersistenceMarketResearch.

Report Details:

This report provides in depth study of “Electric Vehicles Market using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Electric Vehicles Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

Drivers and Constraints                               

The fundamental dynamics that are explored in the report hold substantial influence over the Electric Vehicles market. The report further studies on the value, volume trends, and the pricing history of the market. In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.

Electric Vehicles market is projected to be worth 35K thousand units by the year 2031. It is, in fact, expected to witness a whopping CAGR of over 25% between 2021 and 2031. This could be reasoned with an ever-increasing demand for lower emission/zero emission vehicles.

Also, governments across the globe are excessively investing in electric vehicles through tax rebates and subsidies. What’s more interesting is the fact that economies all over are setting up targets regarding reduction of emissions as per their upper limits.

Governments are also helping in development of charging stations along with hydrogen fueling stations and making way for incentives to the purchasers. At the same time, developing economies are a bit slow in setting up the charging stations as the installation cost is on the higher side.

Persistence Market Research has seen through the future of the automotive industry through electric vehicles in its report entitled “Electric Vehicles Market”.

Key Players:

The report has profiled some of the Important players prevalent in the global like Nissan Motor Corporation, BMW AG, Honda Motor Co., Ltd., Mitsubishi Motors Corporation, Toyota Motor Corporation, Volkswagen AG, Tesla Motors, Inc., Groupe Renault, Ford Motor Company, Daimler AG, General Motors Company, Groupe PSA and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Electric Vehicles.

Request for Free Sample Report of “Electric Vehicles” Market @                                                                                                                                                                                                                                                 

EV batteries’ cost to hit the Rock-Bottom?

With technological upgradations witnessing a substantiation, EV batteries are being manufactured in bulk. This mass production has, in turn, led to drastic reduction in price of EV batteries. This scenario is expected to continue even in the forecast period.

For instance, an EV battery did cost over US$ 1L per kWh as of the year 2010, but by the year 2020, the price fell by close to US$ 130 per kWh. Another reason is that of reduction in cost of cathode material. Persistence Market Research predicts that an EV battery may cost as low as US$ 55-60 per kWh by the year 2031.

Improper Standardization: A Roadblock

EV charging stations are not universally compatible. IN other words, AC charging stations do make way for 120V ac with respect to level 1 charging stations and 208-240V ac with regards to level 2 charging stations. It also needs to be noted that DC charging stations make a beeline to fast charging with 480V ac. Unless and until the governments standardize the charging infrastructure for developing appropriate ecosystem, this roadblock is bound to hamper the sales of EVs.

Also, different standards are used by different governments to enable fast charging. For instance – Korea, US, and Europe make use of CCS, Japan does use CHAdeMO, and China has GB/T. The government of India uses both – CCS and CHAdeMO as there is a lack of standardization herein.

On the top of that, makers like Tesla utilize high-performance superchargers that no other EV can use. Persistence market Research has made every effort to throw light on these aspects in its report mentioned above.

On the developments’ front, Persistence Market Research has mentioned that Toyota, in April 2021, came up with the novel Mirai and LS models in Japan with advanced driving assist technology. It has also mentioned that BYD, around the same time, came up with new models – E2 2021, Song Plus EV, Qin Plus EV, and Tang EV with several advanced battery safety features.

View Report Table of Contents, Figures, and Tables

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders
Electric Vehicles Market Manufacturers
Electric Vehicles Market Distributors/Traders/Wholesalers
Electric Vehicles Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

If you have any special requirements, please let us know and we will offer you the report as you want.

Major Highlights of the Electric Vehicles Market Report:

  • The Electric Vehicles Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
  • The report dives deeper into the market and explains the dynamic factors bolstering market growth.
  • The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
  • The report analyzes the Electric Vehicles Market presence across major regions of the world.
  • It determines the production & consumption capacities and demand & supply dynamics of each regional market.
  • The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
  • It provides company overview and SWOT analysis of each of the market players.

Key Questions Answered in This Report.

  • What will the Market growth rate in Future?
  • What are the key factors driving the global Market?
  • Who are the key manufacturers in Market space?
  • What are the opportunities and threats faced by the vendors in the global industry?
  • What are sales, revenue, and price analysis by regions of industry?

If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.

Click Here to Buy this Report                                                                                                                            


About PersistenceMarketResearch:

PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

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