electric vehicle market size
                     Electric Vehicle Market Synopsis 
 The major growth driver of Electric Vehicle Market includes growing integration of electric 
vehicles within the product portfolio of OEMs, collaboration of e-mobility value chain, growing 
infrastructure, and innovative government regulations and subsidies among others. 
 
The report published by Market Research Future (MRFR) suggests that the global electric vehicle 
market is poised to mark 18.4% CAGR over the forecast period. It indicates that the market is 
expected to attract massive investments over the next couple of years owing to the rapid shift to 
EVs. 
Get Free Sample @ https://www.marketresearchfuture.com/sample_request/1793  
Innovations in battery technology is another key driver of the market. Automotive industry leaders 
are investing in research & development to develop batteries that elongate the lifespan of the 
vehicles. 
Competitive Dashboard 
Nissan Motor Company (Japan), Toyota Motor Corporation (Japan), Tesla Inc. (US), Ford Motor 
Company (US), BMW (Germany), Volkswagen (Germany), General Motors (US), Hyundai Motor 
Company (South Korea), Daimler AG (Germany), and Mitsubishi Motors Corporation (Japan) are few 
of the key players of the global electric vehicle market. 
Market Segmentation 
On the basis of technology, the electric vehicle market size has been segmented into hybrid, battery, 
and plug-in hybrid electric vehicles. 
By vehicle type, the electric vehicle market has been segmented into commercial vehicles, passenger 
cars, and two wheelers. 
Regional Analysis 
The regional assessment of the electric vehicle market is included in the report from the following 
regions - North America, Asia-Pacific (APAC), Europe, and the Rest of the World (RoW). These 
regional segments are further analyzed on the basis of country-level markets. Asia Pacific has 
garnered the largest share of the market. It is presumed to maintain its standing at the pole position 
through the review period. The governments in the economies such as China and India are investing 
in measures to control air pollution. It is supposed to have a positive effect on the growth curve of 
the electric vehicles market in the region. Europe is also likely to earn remarkable amount of 
revenue during the assessment period. Increasing focus on the adoption of industrial electric cars in 
the region is expected to drive market growth. 
Industry News 
In December 2019, MG (Morris Garages) Motor India has announced the introduction of ZS electric 
vehicle which is anticipated to be launched in the Indian market by 2020. 
In December 2019, Tata Motors India has announced the launch of its Nexon electric vehicle (EV). 
Access Full Report @ https://www.marketresearchfuture.com/reports/electric-vehicles-market-
1793  
About Market Research Future 
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various 
industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw 
Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. 
 MRFR team have supreme objective to provide the optimum quality market research and 
intelligence services to our clients. Our market research studies by products, services, technologies, 
applications, end users, and market players for global, regional, and country level market segments, 
enable our clients to see more, know more, and do more, which help to answer all their most 
important questions. 
Contact 
Market Research Future 
+1 646 845 9312 
Email: [email protected]