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(IT-NEWSWIRE.COM, September 06, 2019 ) Market Overview
• In all countries except China, electric cars make up less than 1% of vehicles. The share of the electric vehicles in the car market is expected to grow in the future. As technology develops, an increasingly broad range of electric vehicles will become popular.
Market Dynamics
• Renaissance in electric car manufacturing occurred due to advances in batteries, concerns about increasing oil prices, and the desire to reduce greenhouse gas emissions.
• The popularity of electric cars has been expanding rapidly due to their increased range and lower battery costs, environmental sensitivity, and government subsidies.
• Electric vehicle causes no Tail-pipe emissions. Even though electricity production causes greenhouse gas emission.
• Initiatives to develop low- cost, fast charging battery technologies that support long-range use looked set to yield promising results.
Market Segmentation
• Based on the type, electric car Market can be segmented into Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV) and fuel cell electric Vehicle (FCEV).
• BEV cars run entirely on the electric motor without the IC engine. PHEV cars have an electric motor and IC engine to replace the battery when the battery is low or vice-versa. Both BEV and PHEV electric cars are more fuel efficient than the Standard hybrid electric vehicle which contains array but mostly runs on an IC engine.
Key market segments covered
By Type
• Battery Electric Vehicle (BEV)
• Plugin Hybrid Electric Vehicle (PHEV)
• Fuel Cell Electric Vehicle (FCEV)
By Region
• Asia Pacific
• Europe
• North America
• South America
• Rest of the World
Geographical Analysis
• Based on region, the market can be segmented into North America, South America, Europe, Asia-pacific and rest of the world.
• China & United States are the biggest players in Electric Cars market. China surpassed the United States in the total number of electric cars in 2016.
• Japan, Norway, United Kingdom, Netherlands, France, Germany are the other significant players in the Electric car market. In Norway, 1.3% of all cars are electric cars. The ratio is even smaller in all other countries.
Company profiles
Some of the critical electric car companies are
• Renault-Nissan,
• Tesla,
• BAIC,
• Others
Market Report Scope
The report covers the key factors impacting the market, Porter 5 Forces, Product Benchmarking, and Company profiles. The global Electric car market is segmented by type (Battery Electric Vehicle (BEV), Plugin Hybrid Electric Vehicle (PHEV) and Fuel cell electric vehicle (FCEV)). Based on geography the market is segmented into North America, South America, Europe, Asia Pacific and Rest of the world.
View full sample report: https://www.datamintelligence.com/research-report/electric-car-market
Download free sample: https://www.datamintelligence.com/download-sample/electric-car-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
Source: EmailWire.com
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