Reducing Crude Oil Stock to Encourage Growth of Global Electric Vehicle Market


Published Date : Jun 19, 2018

ALBANY, New York, June 19, 2018: A new market research study has recently been added by MarketResearchReports.biz to its vast collection of research reports. The study, titled “Global Electric Vehicle Sales Market Report 2018,” offers a detailed study of the market. The growth prospects, trends, and opportunities in the global electric vehicles market have been discussed in the research study to offer a better understanding to market players and readers. In addition to this, the segmentation and the vendor landscape of the global market have also been mentioned in the scope of the research report. A detailed list and profiles of the leading players have been provided in the competitive landscape of the global electric vehicle market.

The favorable government policies and the existing subsidies and the expansion of the product portfolio of OEMs are some of the key factors that are anticipated to encourage the growth of the global electric vehicle market in the next few years. In addition, the rising penetration of electric vehicles in several emerging nations is another major factor, which is estimated to encourage the market growth in the coming years. On the flip side, the short span of batteries and the lack of required charging infrastructure are expected to restrict the growth of the global electric vehicles market throughout the forecast period. Nonetheless, the limited stock of crude oil is anticipated to generate promising growth opportunities for the market players in the coming few years.

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Among the key regional segments, Europe is expected to account for a large share of the global electric vehicles market in the next few years. The high growth of this region can be attributed to the presence of a large number of players operating in Europe. Furthermore, Asia Pacific is expected to witness a significant growth in the coming few years. The rising support from Governments in the form of subsidies, tax rebates, and grants is one of the major factors anticipated to encourage the growth of this region in the near future. The growth rate of the leading segments has been discussed in the scope of the research report.

The global market for electric vehicle is competitive in nature and is likely to experience a significant rise in the level of competition throughout the forecast period. The rise in the number of companies that are projected to enter the global market is estimated to enhance the competitive environment in the coming few years. Some of the key players that are operating in the electric vehicle market across the globe are Hyundai, Renault, Volkswagen, Volvo, PSA, Tesla, Nissan, Mitsubishi, Mercedes-Benz, and BMW. These players are emphasizing on the development of new and innovative product and technological advancements, which are anticipated to accelerate the growth of the global market in the next few years. Moreover, the mergers and acquisitions are estimated to generate promising growth opportunities for the market players in the next few years.

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