New Energy Vehicles Market Competitive Strategies, Advertising Trends, Market Analysis by 2028
                     New Energy Vehicles Market Competitive Strategies, 
Advertising Trends, Market Analysis by 2028
New Energy Vehicles Market, By Vehicle Type (Passenger cars, Buses, Industrial Vehicles, 
Scooters, Others), Energy Type (BEV’s, PHEV’s, FCEV’s), Power Source (Stored Electricity, 
On Board Electric Generator), Powertrain (Series Hybrid, Parallel Hybrid, Combined 
Hybrid), Industry Trends and Forecast to 2028.
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Market Analysis and Insights 
New energy vehicles market will reach at an estimated value of USD 856 billion and grow 
at a CAGR of 22.55% in the forecast period of 2021 to 2028. Rise in the preference for 
energy efficient vehicles is an essential factor driving the new energy vehicles market.
The new energy vehicle was employed by government in different nations to avoid the 
emission of oxide of nitrogen and oxide of sulphur, causing pollution. The electric battery 
energy is stored inside the vehicle, making it operable. These automobiles do not 
requisite any kind of environmentally dangerous fuel, gas or oil.
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Major Key Players
Some of the major players operating in this market are : 
• Toyota Kirloskar Motor
• Nissan
• Tesla
• Mitsubishi Electric Corporation
• General Motors
• Ford Motor Company
• BMW AG, Renault
• AB Volvo
• Daimler AG
• Volkswagen
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Market Segmentation
• By Vehicle Type (Passenger cars, Buses, Industrial Vehicles, Scooters, 
Others)
• By Power Source (Stored Electricity, On Board Electric Generator)
• By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)
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Regional Analysis
Based on geography, the market is segmented into five geographical 
regions
    North America
       Europe
       Asia-Pacific
       South America
       Middle East 
       Africa
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