DUBLIN--(BUSINESS WIRE)--The "Global All Wheel Drive (AWD) Electric Vehicle Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
Global all wheel drive (AWD) electric vehicle market to grow at a CAGR of 32.09% during the period 2018-2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is development of 3 motor-based AWD system for EVs. Most of the AWD system used in EVs are based on two motors to power set of wheels. The objective of the AWD system in EV is to boost acceleration and provide traction on the varying terrains. Honda Motor launched AWD technology in their sport hybrid variants of Acura MDX and Acura RLX.
According to the report, one driver in the market is AWD increases the mileage of HEVs. AWD has become standard in most ICE-based crossovers to increase stability and handling for off-roading. Manufacturers of hybrid crossovers leverage the electrification to add AWD with the addition of a motor.
Further, the report states that one challenge in the market is high cost of ownership. The total cost of ownership of EVs is higher than that of ICE vehicles. This is because of the additional-high capacity batteries used in EVs along with the use of advanced electronics components and design considerations.
- Honda Motor
- Nissan Motor
- Toyota Motor
- Volvo Car
Key Topics Covered
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Market Sizing
Part 06: Five Forces Analysis
Part 07: Market Segmentation by Product
Part 08: Customer Landscape
Part 09: Regional Landscape
Part 10: Decision Framework
Part 11: Drivers and Challenges
Part 12: Market Trends
Part 13: Vendor Landscape
Part 14: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/vvnrb9/global_all_wheel?w=4