EVs, EV Component & EV Infrastructure Market 2017 by Govt. Regulation, Vehicle Type, Components, Propulsion, Recharging Station, and Region - Global Forecast to 2021 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "EVs, EV Component & EV Infrastructure Market by Govt. Regulation, Vehicle Type, Components, Propulsion, Recharging Station, and Region - Global Forecast to 2021" report to their offering.

EV Sales is Estimated to Grow at a CAGR of 20.68% to Reach 5.76 Million Unit by 2021

Availability of government support such as subsidies and tax rebates, increasing consumer awareness, increasing vehicle range and low charging time has driven the demand for EVs globally

Government subsidies and tax rebates, variety of EV models, increasing vehicle range and improving charging infrastructure are the factors responsible for the growth of in sales of EVs.

Electric passenger cars are the fastest growing segment in the EV market as they are showing a significant growth as compared to the commercial vehicle segment. Availability of broad range of models, upgraded technology, increasing customer awareness and availability of subsidies and tax rebates are the major factors driving the market.

The Asia-Pacific is the largest market for the EVs followed by North America. Existing grants and subsides, tax rebates, and availability of charging infrastructure are contributing to the growth in EV sales in this region.

Market Dynamics

Drivers

  • Government Favorable Policies and Existing Subsidies
  • Increasing Product Portfolio By Oems
  • Increased Vehicle Range Per Charge

Restraints

  • Lack of Charging Infrastructure
  • Short Lifespan of Batteries

Opportunities

  • Increasing Penetration of EVs in Developing Countries
  • Limited Stock of Crude Oil

Challenges

  • High Cost of EVs in Comparison With Ice Engine
  • Limited Battery Power

Companies Mentioned

  • Automotive Energy Supply Corporation
  • BYD Company Ltd.
  • Car Charging Group
  • Charge Point, Inc.
  • Delphi Automotive
  • LG Chem
  • Nissan Motor Corporation
  • Panasonic Corporation
  • Samsung SDI
  • Tesla Motors Inc.
  • Volkswagen AG

For more information about this report visit http://www.researchandmarkets.com/research/wm2qfk/evs_ev_component

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Automotive Parts, Electric and Hybrid Vehicles, Engines and Engine Parts

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Automotive Parts, Electric and Hybrid Vehicles, Engines and Engine Parts