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Electric Vehicles Market: Driving towards a Sustainable Future with Clean Energy

Electric Vehicles Market Segmented By Hybrid Electric Vehicles, Plug-In Hybrid Electric Vehicles, Battery Electric Vehicles Technology with Stored Electricity, On Board Electric Generator Power Source in Passenger Cars, Commercial Vehicles, Two Wheelers

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Electric Vehicles Market: Driving towards a Sustainable Future with Clean Energy

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  1. Electric Vehicles Market ©2023 Persistence Market Research, All Rights Reserved

  2. Electric Vehicles Market Analysis 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. Electric Vehicles Market To remain ‘ahead’ of your competitors, request for a samples @ https://www.persistencemarketresearch.com/samples/2843 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”. ©2023 Persistence Market Research, All Rights Reserved

  3. SLIDE HEADING GOES HERE • 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. Electric Vehicles Market ©2023 Persistence Market Research, All Rights Reserved

  4. Key Players • BayerischeMotorenWerke 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 Electric Vehicles Market ©2023 Persistence Market Research, All Rights Reserved

  5. The Market Segmentation • By Technology: • Hybrid Electric Vehicles • Plug-In Hybrid Electric Vehicles • Battery Electric Vehicles • By Power Source: • Stored Electricity • On Board Electric Generator • By Vehicle Type: • Passenger Cars • Commercial Vehicles • Two Wheelers • For in-depth competitive analysis, buy now @https://www.persistencemarketresearch.com/checkout/2843 Electric Vehicles Market ©2023 Persistence Market Research, All Rights Reserved

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