Electric Vehicles (EV) Market – Current Trends and Future Growth by 2026


Posted August 27, 2018 by Stephenwilson12

Electric Vehicles (EV) Market is estimated to grow from USD 49 billion in 2017 to USD 912 billion by 2026 according to a new report published by Polaris Market Research

 
The global electric vehicles market is anticipated to reach USD 912 billion by 2026 according to a new study published by Polaris Market Research. Electric vehicles are one of the fastest growing mode of transport which have adopted smart technologies. It constitutes of electric buses, cars, trucks, and electric bikes. The market is maturing at a fast rate due to increasing demand, initiatives to expand electric vehicle charging stations, and diverse vehicle models. Large number of consumers have become more familiar with these technologies and the trend is spreading fast across the world economies.

Get Sample Copy of this Market Report Study @ https://bit.ly/2wr3UrT

Government initiatives to accelerate the shift of their nation’s vehicle fleet from combustion to electric drive has led to rapid growth in the sale of the electric vehicles. Some of the actions undertaken in 2018 by the federal and state regulators in this regard include Evolve NY (an electric vehicle expansion initiative in New York), funding opportunities for advanced electric vehicle projects by the U.S. Department of Energy, and rebate programs for EV charging stations in Ohio, U.S. Oil dependence benefits, climate change, and clean air are the most crucial factors for different governments across the world to promote the electric vehicles among consumers. Apart from these factors, one another significant parameter includes economic benefits from manufacturing of the future electric car industry. The automobile manufacturing hubs such as the United States, Germany, and Japan will have much to lose if they do not support the transition to electric vehicles.

Get full summary of this report @ https://bit.ly/2BPFy0T

Asia is the most popular region for the growth of electronic vehicles with China as the most significant global player. Other Asian countries such as South Korea and Japan along with China have been major battery providers. Increase demand from India for the electric vehicles has also contributed towards the growth of this regional market. However, the global industry is also subjected to some restraints such as high product price. Electric vehicles are highly priced and are not affordable by each consumer, especially in the countries with lower economic growth. Moreover, the maintenance of the electric bikes is costly and requires frequent charging and changing of batteries. Some battery related issues also include lead emissions from few batteries and the energy storage systems, are some of the factors restraining the market growth.

Do Inquiry Before Purchasing This Report @ https://bit.ly/2wjxYXb
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Polaris Market Research and Consulting.
Website https://www.polarismarketresearch.com/industry-analysis/electric-vehicles-ev-market/
Phone 646-568-9980
Business Address Polaris Market Research 30 Wall Street 8th Floor
New York City, NY 10005
Country United States
Categories Industry
Tags size , share , forecast , Trends , Growth , analysis , research
Last Updated August 27, 2018