Articles
Electric Car Market Research Report- 2017–2023
by Rahul Gautam ManagerGlobal electric car market is projected to
attain a size of 52,72,312 units by 2023.
The government financial incentives
such as subsidies and tax rebates on the purchase of electric cars and
non-financial support, such as access to high-occupancy vehicle lanes and
preferential parking for electric cars, are the major drivers for the growth of
electric car market.
Request
to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/electric-car-market/report-sample
On the basis of segment, the market is
categorised into low, economy, medium, and premium segment cars. Economy
segment car has been experiencing higher sales globally. Economy-segment EVs
are estimated to account for the largest share, of more than 30%, in the
electric car market in 2017, followed by low-segment cars.
Asia-Pacific, led by China, is estimated to hold the largest share in the electric car market with more than 45% share in 2017. During the 2013–2016 period, the Chinese government heavily subsidized EVs, which led to a boom in the industry, with sales growing at a CAGR of around 180%. By 2015, the government had spent around $4.9 billion in subsidizing electric vehicles.
The global electric car market is competitive with top three players accounting for less than 50% of the total sales. Tesla and General Motors are estimated to be the leading players in North America. BYD and Renault-Nissan-Mitsubishi Alliance are the major players in the Asian electric car market.
The major players in the electric car market are Ford Motor Company, Volkswagen AG, Hyundai Motor Company, BAIC Motor Corporation Limited, Daimler AG, and Geely Automobile Holdings Limited.
Sponsor Ads
About Rahul Gautam 
Manager
27 connections, 0 recommendations, 111 honor points.Joined APSense since, May 1st, 2018, From New York, United States.
Created on Jun 19th 2019 00:21. Viewed 354 times.
