Battery electric vehicle is expected to remain the largest segment in the global electric vehicle market

Posted March 20, 2022 by Lucintel

Battery electric vehicle is expected to remain the largest segment in the global electric vehicle market
An exciting new study from the team of Lucintel found that electric vehicle market is expected to reach $563.7 billion by 2026 with a CAGR of 29.8%. There are significant money making opportunities available in thismarket and companies planning to enter this market need to differentiate in order to maximize their return on investment.
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The electric vehicle market is segmented based on propulsion, vehicle and component, and region. In this market, battery electric vehicle is the largest segment by propulsion type, whereas compact car is largest by vehicle type. Players can benefit from the available opportunities likeincreasing features such as, improvement in vehicle range per charge and charging infrastructure.
Development of wireless charging infrastructure and introduction of multiple long-range EVs with low cost are emerging trends having impact on dynamics of the industry.
Tesla, General Motors, Nissan Motor, Mitsubishi, Volkswagen, BMW, Ford, Mercedes Benz, Hyundai, and Kia Motor are some of the major players profiled in this 200 page report.
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Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the electric vehicle market by propulsion type (battery electric vehicles and hybrid & plug-in-hybrid electric vehicles), by vehicle type (compact car, luxury car, SUVs & crossover, small car, mid-size car, and others), by component type (independent drive component, battery, motor and gearbox, charger, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3What are the business risks and threats to the electric vehicle market?
Q.4What are some changing demands of customers in the electric vehicle market?
Q.5What are the new developments in the electric vehicle market? Which companies are leading these developments?
Q.6What strategic initiatives are being implemented by key players for business growth?
Q.7What are some of the competitive products and processes in this electric vehicle area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this electric vehicle market?
This unique report from Lucintelwill enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected]
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit
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Issued By Lucintel
Country United States
Categories Business
Last Updated March 20, 2022