The global vehicle electrification is forecast to reach USD 129.50 Billion by 2026, according to a new report by Reports and Data. The is projected to witness a considerable growth during the forecast period. The edifice for the growth of the is enhanced vehicle efficiency and performance due to its electrification. The positive impact on the functioning of vehicles has resulted in the growing acceptance of the technology among the users. As a result of the positive impact of electrification on the performance of vehicles, an increasing number of players are introducing new models of electric vehicles like Toyota is planning to launch Toyota BEV range by 2025. Such initiatives by players are propelling the growth of the. Furthermore, the governments of different nations are providing continuous support for vehicle electrification. As an instance, under federal tax incentives, Internal Revenue Code [IRC] §30D plug-in electric vehicles are entitled to a credit of USD 2,500 to USD 7,500 per vehicle, as per the vehicle’s battery capacity. Such support by government of different nations have a positive impact on the overall growth of the.
In regards to region, North America can be seen to occupy a prominent position. Factors like rising awareness about vehicle emissions, formulation of associated acts by the government like Clean Air Act [US], and the presence of significant players like Ford, contributes to the share occupied by this region.
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Table of Content:
Chapter 1. Synopsis
1.1. Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Estimation Technology
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
Chapter 4. Vehicle Electrification Segmentation & Impact Analysis
4.1. Vehicle Electrification Segmentation Analysis
4.2. Industrial Outlook
4.2.1. indicators analysis
4.2.2. drivers analysis
4.2.2.1. Increasing emphasis on reducing emission from commercial vehicles
4.2.2.2. The elevating demand for 48v Architecture
4.2.2.3. Government initiative and support to promote electric vehicles
4.2.3. restraints analysis
4.2.3.1. Issues with formulating Fail-Safe Electrical and Electronic Components
4.2.3.2. Complexities in attaining optimum Power-To-Weight Ratio
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price Trend Analysis…
The key questions answered in the report:
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/vehicle-electrification-market
Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented the Global Vehicle Electrification based on Component, Hybridization, Voltage, Vehicle Type, and Region:
Component Type Outlook (Revenue, USD Billion; 2016-2026)
Hybridization Type Outlook (Revenue, USD Billion; 2016-2026)
Voltage Type Outlook (Revenue, USD Billion; 2016-2026)
Vehicle Type Outlook (Revenue, USD Billion; 2016-2026)
Regional Outlook (Revenue, USD Billion; 2016-2026)
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Reports and Data is a research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
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