Electric vehicles and fuel cell vehicles have transformed conventional vehicle space and have emerged as green and reliable solution in transport sector. They are giving tough competition to conventional vehicles on different fronts including price and end-user choice. They are eyed as future vehicles owing to their positive attributes such as clean emission and high performance. An intelligence report titled, “Electric Vehicles and Fuel Cell Vehicles: Global Markets to 2024” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository.
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Increase in global awareness regarding eco-friendliness has compelled the world leaders and industry heads to come up with vehicles and fuels that produce less pollution to improve the degrading environmental situation. Global electric vehicle and fuel cell vehicle market has gained momentum on the pretext of providing advanced technologies including advanced internal combustion engine and hydrogen powered vehicle that offer low emissions.
Hyundai collaborates with Cummins Inc. to create power trains
Fuel cell hybrid electric vehicles are the latest entrants in electric vehicles space that utilize a second power source. Electric vehicles demand rigorous recharging to provide adequate range of performance and to cover extended distance. Furthermore, use of air conditions inside the vehicles also reduce its performance. Using a second source of energy eliminates electric vehicle’s shortcoming regarding power range.
Nissan is developing technologies for Fuel cell electric vehicles to achieve gasoline vehicle’s acceleration and cruising range. It has integrated different advanced components including lithium-ion battery, electric vehicle’s power system, hybrid vehicle’s control technology and storage technology of compressed natural gas vehicle, to refine the existing environmental and power saving performance of fuel cell electric vehicles.
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Major stake holders are actively involved in mergers and acquisitions to gain higher penetration in market. Hyundai motor company is collaborating with Cummins Inc. for commercializing fuel cell and electric power trains. These power trains will be integration of fuel-cell technology from Hyundai and electric motors, control systems and batteries provided by Cummins.
Electric vehicles and fuel cell vehicles market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the Electric vehicles and fuel cell vehicles market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Electric vehicles and fuel cell vehicles market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on electric vehicles and fuel cell vehicles.
An insightful and deep-dive assessment of the competitive assessment of the Electric vehicles and fuel cell vehicles market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Electric vehicles and fuel cell vehicles market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Electric vehicles and fuel cell vehicles market: Research Methodology
Primary sources and secondary sources propel intelligence report on Electric vehicles and fuel cell vehicles market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.
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