Electric Vehicles Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast, 2013 - 2019
61 Page Report
Transparency Market Research
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Electric Vehicles Market
Electric Vehicles Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast,
2013 - 2019
The global on-road electric vehicles market is forecast to record 64.4 million units volume sales by 2019. In
terms of revenue, it is expected to reach a value of USD 271.67 billion by 2019, growing at a CAGR of
19.2% from 2013 to 2019. Increasing use of electric vehicles is due to rise in gasoline prices, growing
environmental concerns, and government support/initiatives such as tax exemptions to promote use of
eco-friendly products and services. Worldwide, governments are dedicatedly funding research and
development centres to develop efficient lithium-ion batteries which are used in electric vehicles. These
advanced batteries offer improved energy transfer and better storage capacity at affordable cost. Regions
such as Europe and North America are the pioneers in developing and adopting such technologies, with
certain countries namely China, Japan, and South Korea, in Asia-Pacific region too, fast catching the trend.
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The global on-road electric vehicles market has been classified by product types into four broad segments
namely motorcycles and scooters, cars, buses, and others (neighborhood electric vehicles, bicycles, golf
carts and trucks). In terms of revenue, electric cars dominated the market in 2012 with 19.6% of global
market revenue. Others...