Forencis Research Electric Vehicle Market Impact of Drivers

Electric Vehicle Market Impact of Drivers,
Challenges and Forecast 2019-2024
The Global Electric Vehicle Market is estimated to reach USD 477.3 billion in 2024 at a CAGR of
22.8%. Taxation benefit on electric car loans and supportive government subsidies are expected to
drive the electric vehicle market during the forecast period. However, increasing focus on
sustainability is expected to become an opportunity for electric vehicle market.
Forencis Research in its report titled, “Electric Vehicle Market Size, Share, Industry - Global Forecast
from 2019 To 2024,” offers comprehensive insights and detailed research on the global Electric
Vehicle market over the forecast period 2019 – 2024. The report covers the key factors that are
propelling the growth of the Electric Vehicle market, untapped lucrative opportunities for
manufacturers, latest trends and latest developments that are shaping the growth of the market and
other valuable insights across different market segments.
The electric vehicle is an alternative source for fuel in automotive industry. This source can help
various electric motors and motor controllers to drive the vehicle. Electric vehicle reserve electricity
in an energy storage device such as battery. Moreover, it usually presented as non-polluting or zero
radiation vehicle. Some key players in electric vehicle are Tesla Motor, BYD Company Ltd., Ford
Motor Company, Toyota Motor Corporation, AB Volvo, Daimler AG, and Honda Motor Co Ltd. among
others.
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Electric Vehicle Market Report Synopsis
This market research report offers a comprehensive analysis of key market trends in the global
electric vehicle market. It includes detailed discussion on historical market trends, current market
dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks.
On the basis of type, the market is segmented into battery electric vehicles (BEV), fuel cell electric