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July 23, 2021, 6:51 a.m. EDT

Electric Vehicles (On Road) Market Size 2021 | Opportunities By Industry Share, Statistics, Business Challenges and Investment Opportunities till 2030

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Jul 23, 2021 (AmericaNewsHour) -- In a recent published report, Kenneth Research has updated the market report for Electric Vehicles (On Road) Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Electric Vehicles (On Road) Market products.

Enquire before purchasing this report - https://www.kennethresearch.com/sample-request-10325451

Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.

Global Electric Vehicles (On Road) Market is estimated to reach $168.3 Billion by 2024; growing at a CAGR of 8.4% from 2016 to 2024. Electric vehicles utilize one or more electric motors for propulsion, that are powered by rechargeable batteries. These batteries can be recharged using dedicated charging unit or grid electricity. These vehicles are more energy efficient than conventional gasoline or diesel engines. Moreover, they are capable of significantly reducing environmental pollution and are capable of recovering braking energy as electricity that can be restored to the battery or sent back to grid. Materials handling and industrial vehicles have been not covered in the report.

"Final Report will add the analysis of the impact of COVID-19 on this industry."

Declining price of batteries, increasing production and sales of automobiles, rising government support by providing incentives on purchase of electric cars, and growing fuel prices are the key factors supporting the growth of the global electric vehicles market. Though, non-availability of adequate charging points, and high cost of these vehicles could hinder the market growth. Additionally, government initiatives pushing the sales of electric vehicles, and supporting infrastructure would create growth opportunities in years to come.

The bifurcations of global electric vehicles market are type, and geography. By type, the segment includes electric buses, electric bikes and scooters, electric cars, and others. Based on geography, the global electric vehicles market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consist of UK, Germany, France, Italy, and others. Asia-Pacific is segmented into China, Japan, India, South Korea, and others, while RoW is bifurcated into South America, Middle East, and Africa.

Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10325451

The key players competing in the market are Ford Motor Company, Tesla Inc., Toyota Motor Corporation, Nissan Motor Corporation, Volkswagen, Bayerische Motoren Werke AG, General Motors, Honda Motor Co., Ltd., Groupe Renault, and Daimler AG, among others.

The key takeaways from the report:
The report will provide detailed analysis of Global Electric Vehicles (On Road) Market with respect to major segments such as type, and geography
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024

Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Electric Vehicles (On Road) Market has been included in the report

Profile of the key players in the Global Electric Vehicles (On Road) Market will be provided, which include key financials, product & services, new developments and business strategie
Scope of Global Electric Vehicles (On Road) Market:
Type Segments
Electric Buses
Electric Bikes and Scooters
Electric Cars
Other Types
Geographical Segments
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Others
Asia Pacific
China
Japan
India
South Korea
Others
RoW
South America
Middle East
Africa

Get a Sample PDF of report- https://www.kennethresearch.com/sample-request-10325451

Table of Contents
Chapter 1 Prefix
1.1 Market Scope
1.2 Report Description
1.3 Research Methodology
1.3.1 Primary Research
1.3.2 Secondary Research
1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
Chapter 3 Market Outline
3.1 Market Inclination, Trend, Outlook and Viewpoint
3.2 Market Share Analysis: Company's Competitive Scenario
3.3 Market Dynamics
3.3.1 Drivers
3.3.1.1 Impact Analysis
3.3.2 Restraints
3.3.2.1 Impact Analysis
3.3.3 Opportunities

Enquire before purchasing this report - https://www.kennethresearch.com/sample-request-10325451
About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products' demand, growth and opportunities for new and existing players.

Contact Us

Kenneth Research
Email: Sales@kennethresearch.com
Phone: +1 313 462 0609

The post Electric Vehicles (On Road) Market Size 2021 | Opportunities By Industry Share, Statistics, Business Challenges and Investment Opportunities till 2030 appeared first on America News Hour .

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