NEW YORK, Aug. 25, 2021
According to Technavio, the electric vehicle market will register growth worth 8,179.06 thousand units is expected in the electric vehicle market during 2021-2025. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the electric vehicle market in optimistic, probable, and pessimistic forecast scenarios.
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The growing demand for fuel-efficient and low-emission vehicles, stringent rules and regulations, and increasing government support will offer immense growth opportunities. However, insufficient charging infrastructure, low fuel economy, and high manufacturing cost of EVs might hinder the market to grow during the next few years.
Electric Vehicle Market 2021-2025: Segmentation
Electric Vehicle Market is segmented as below:
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Electric Vehicle Market 2021-2025: Vendor Analysis and Scope
The electric vehicle market is fragmented, and the degree of fragmentation will decelerate during the forecast period. BAIC Motor Corp. Ltd., BMW Group, Daimler AG, Ford Motor Co., General Motors Co., Nissan Motor Co. Ltd., Renault SA, Tesla Inc., Toyota Motor Corp., and Volkswagen AG are some of the major market participants.
To help businesses improve their market position and to leverage the current market opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Backed with competitive intelligence and benchmarking, our research reports on the electric vehicle market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
The report also covers the following areas:
Factors such as insufficient charging infrastructure may threaten the growth of the market.
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Electric Vehicle Market 2021-2025: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by Type
Technavio’s in-depth market research reports now include a thorough analysis of the COVID-19 impact on various markets to help industry leaders navigate their business through the new normal.
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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