ALBANY, N.Y.--(BUSINESS WIRE)--A new research report based on the electric vehicle market published by Transparency Research Market (TMR) states that the electric vehicle market is estimated to develop as consumers seek to lower down their fuel expenses. The electric vehicle market was valued at US$83.54 billion in 2012. The report is titled “Electric Vehicles Market (on-road) (hybrid, plug-in, and battery) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”.
The report talks about the factors that are affecting the electric vehicle market growth such as emerging government initiatives, availability of electric vehicles at reasonable rates, and increasing environmental concerns. The report targets on two key segments of the global electric vehicle market, by types and by region. The global electric vehicles market is classified into four segments by product types namely motorcycles and scooters, electric cars, buses, and others. Electric car segment consists of cars, neighborhood electric vehicles, and golf carts. Various types of electric motorcycles and scooters are mentioned in this report such as battery electric motorcycles and scooters, hybrid electric motorcycles and scooters, and plug-in hybrid electric motorcycles and scooters.
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Geographically, the electric vehicle market is segmented into North America, Europe, Asia Pacific, and rest of the World in this report. North America was the largest market for the electric vehicle in 2012. It accounted for 38.3% of the global electric vehicle market in 2012, in terms of revenue.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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