openPR Logo
Press release

Electric Vehicle Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031

05-07-2024 12:18 PM CET | Logistics & Transport

Press release from: Orion Market Research

Electric Vehicle Market Size, Trends, Latest Insights,

The global electric vehicle market is projected to grow at a considerable CAGR of more than 20.0% during the forecast period. The growing sales of electric vehicles globally due to increasing charging infrastructure and government initiatives are the key factors that are propelling the growth of the market. According to the Global EV Outlook 2020, the sale of electric cars in 2018 was 7.2 million, which is higher than the sale of electric cars in 2019 which stood at 2.1 million globally. In 2019, In the US, the sales of electric cars were 1.1 million, in Europe 1.2 million units, while 2.3 million units of electric cars were sold in China.

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/electric-vehicle-market

Apart from this, there were around 7.3 million electric vehicle chargers available globally in 2019 out of which around 6.3 million chargers were private, light-duty vehicle chargers at home, and others. The availability of charging infrastructure globally is supporting the growth of the electric vehicle industry globally.

Moreover, in 2018, around 460,000 electric buses were available globally and China is a global leader in electric buses that aims to have its public transport electrified by 2040. Besides, Europe received an investment worth $72.42 billion by the government for producing electric vehicles and batteries in 2019. Thus, the adoption of electric vehicles is increasing sales globally, and also charging infrastructure is supporting the growth of the EV market.

Global Electric Vehicle Market Report Segment

By Vehicle Type

• Commercial Vehicles
• Passenger Cars
• Two-Wheelers

By Propulsion Technology

• Battery Electric Vehicle
• Plug-in Hybrid Electric Vehicle

By Battery Type

• NiMH
• Li-ion
• Others

A full report of Electric Vehicle Market is available at: https://www.omrglobal.com/industry-reports/electric-vehicle-market

Electric Vehicle Market- Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• AB Volvo
• Alcraft Motor
• Audi
• BMW AG
• Daimler AG
• Fiat Chrysler Automobiles N.V
• Ford Motor Co.
• General Motors Co.
• Honda Motor Co., Ltd.
• Hyundai Motor Co.
• Kia Motors Corp.
• Lucid Motors, Inc.
• Mitsubishi Motors Corp.

Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

Visit more report at

https://www.linkedin.com/pulse/scaffold-technology-market-size-trends-latest-arti-vishwakarma-mlsof/

https://www.linkedin.com/pulse/aesthetic-threads-market-increasing-demand-growth-2031-vishwakarma-pyg5f

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Electric Vehicle Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031 here

News-ID: 3487204 • Views:

More Releases from Orion Market Research

Workforce Management (WFM) Software Market Increasing Demand, Growth Analysis and Future Outlook by 2031
Workforce Management (WFM) Software Market Increasing Demand, Growth Analysis an …
The global WFM Software market is anticipated to grow at a CAGR of 11.7% during the forecast period (2024-2031). Time and attendance tracking involves monitoring and recording employee work hours, breaks, and time-off. Additionally, scheduling and shift planning are used to create and optimize employee schedules based on demand, skills, and availability. Labor forecasting helps predict future workforce needs for optimal staffing levels, while task and workload management efficiently assign
Technology CAD Software Market Increasing Demand, Growth Analysis and Future Outlook by 2031
Technology CAD Software Market Increasing Demand, Growth Analysis and Future Out …
The global technology CAD software market is anticipated to grow at a CAGR of 9.1% during the forecast period. Increased virtual and augmented reality (VR/AR) technologies drive the demand for CAD software market. Rising demand for smart devices would particularly encourage IC manufacturers to adopt technology computer-aided design software. Connected device manufacturers are collaborating with technology computer-aided design software developers to launch innovative smart devices that can support machine-to-human interaction.
System Integration Services Market Increasing Demand, Growth Analysis and Future Outlook by 2031
System Integration Services Market Increasing Demand, Growth Analysis and Future …
The global System Integration Services market is anticipated to grow at a CAGR of 8.7% during the forecast period. Cybersecurity is becoming increasingly important as businesses move more of their data and applications to the cloud. This is because the cloud is a more complex and distributed environment than traditional on-premises IT systems, which makes it more vulnerable to cyberattacks. In addition, the cloud is a prime target for cyberattacks
Statistical Process Control Software Market Will Exhibit an Impressive Expansion by 2024-2031
Statistical Process Control Software Market Will Exhibit an Impressive Expansion …
The global Statistical Process Control (SPC) Software market is expected to grow at a considerable CAGR of 10.6% during the forecast period. The increasing integration of artificial intelligence (AI) and machine learning (ML) within statistical process control (SPC) software for quality control in various industries is a promoter of the global SPC software market. These advanced technologies create solutions that works much better than the traditional SPC by providing increased

All 5 Releases


More Releases for Vehicle

Connected Car Devices Industry Forecast to 2028 Global Market Analysis by Commun …
Connected car devices assist in monitoring vehicles and drivers. These devices update owners and fleet managers about the emissions, vehicle performance, vehicle maintenance, on-board diagnostics (OBD), pertaining to fuel economy index, etc. Also, it provides GPS tracking and real-time alerts. Increasing concerns and awareness regarding safety and high demand for advanced system and safety features in vehicles are driving the growth of the connected car devices market. Sample PDF showcases the
Steering Tie Rod Market Vehicle (Passenger car, Commercial vehicle, and Heavy-du …
A steering tie rod is an integral part of the steering mechanism in an automobile as it is a lean structural bar or rod which is used as a tie and it is capable of carrying only ductile loads. The rod tends to transmit a force from the rack gear to the steering knuckle, which enables the wheel to turn while the vehicle is moving. This tie rod comprises two
Offshore AUV & ROV Market by ROV, High Capacity Electric Vehicle, Small Vehicle, …
This study report Global Offshore AUV & ROV Market, the analyst provides growth estimates, forecasts, and an in-depth analysis of all key factors at play in the Market. The report takes into account the micro and macro factors that are likely to impact the growth trajectory of the Market. The study further presents details on the investments initiated by several organizations, institutions, government, and non-government bodies. The report investigates and analyzes
Automotive ABS and ESC Market Report 2018: Segmentation by Product (Three Channe …
Global Automotive ABS and ESC market research report provides company profile for Robert Bosch, TRW, Machino, Haldex, Aisin Seiki, Hitachi, Autoliv, Contenental, Delphi, Denso and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The
Vehicle to Vehicle (V2V)/Vehicle to Infrastructure (V2I) Market expected to grow …
The V2V/V2I market has penetration into different technologies such as smart sensors, big data analytics and cloud computing. The smart sensors manage and control traffic on the roads by offering the drivers and passengers a plethora of advanced transport services aimed at improving driving efficiency and safety. Big data analytics aids the companies in understanding the user requirements and expectations thus bringing about relevant changes in the automotive developments. Vehicular
Wheelchair Accessible Vehicle Market : by Vehicle Type - Large Size Vehicle, Med …
Researchmoz added Most up-to-date research on "2017 Global Wheelchair accessible vehicles Industry Report" to its huge collection of research reports. This report is an essential reference for those who look for detailed information on global Wheelchair accessible vehicles market. The report covers data on national, regional, and global markets including historical and future trends for supply, demand, prices, trading, competition as well as global major vendors' information. In addition