Electric Vehicle Market - Forecast (2023 - 2028)

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Electric Vehicle Market Forecast(2023 - 2028)
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• Electric vehicle market size is valued at USD
  171.35 billion in 2020 and is expected to reach a
  value of USD 726.14 billion by 2026 at a CAGR of
  27.19 during the forecast period 2021-2026.
  Plug-in Hybrid Electric Vehicles is modern
  electric propulsion, consisting of electric
  machines, power electronic converters, electric
  energy sources such as fuel cells and storage
  devices, and electronic controllers.
• The automotive Manufacturers have been driven to
  supply electric Zero Emission vehicles all over
  the world due to electric vehicle market trends
  such as rising demand for low-emission and
  governments encouragement towards long-range,
  zero-emission vehicles via subsidies and tax
  refunds which is estimated to boost the electric
  vehicle market size. 

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• Key Takeaways
• Growing awareness towards reduction of harmful
  emission and fuel efficiency is significantly
  driven by the global electric vehicle market
  during the forecast period 2021-2026.
• The governments incentives such as cheap or no
  registration fees, as well as exemptions from
  import tax, sales tax, and road tax are estimated
  to spur the electric vehicle market size.
• APAC is analysed to grow at highest CAGR during
  the forecast period owing to the growing
  government involvement and presence of original
  equipment manufacturers. 

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• By Distribution Channel- Segment Analysis
• The EV passenger Vehicle is set to have the
  largest market share globally. This is owing to
  the governments' considerable backing for
  passenger electric vehicles in the countries. EV
  passenger vehicle is estimated to have the
  considerable share in APAC market owing to the
  presence of original equipment manufacturers and
  other automaker. 
• The expansion of RWD electric vehicles is
  expected to accelerate in the future decade.
  Moreover the market for AWD is likely to increase
  as the demand for better ride handling and
  traction control grows.

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• Electric Vehicle Market
• Tesla, Volkswagen AG
• Nissan Motors
• BMW Group
• BYD Company motors
• General Motors
• Chevrolet
• Toyota Motor Corporation
• Ford Motor
• Mercedes.

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Electric Vehicle Market Learn More About the
Report _at_ https//www.industryarc.com/Report/19/
global-electric-vehicles-market-analysis-report.ht
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
• Purchase Full Report _at_
• https//www.industryarc.com/purchasereport.php?id
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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
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