The electric vehicle market has witnessed speedy evolution with continuing developments in the automotive sector. Favorable government support and policies in terms of subsidies & grants, tax rebates, and other non-financial benefits in the form of carpool lane admittance is one of the primary factors driving the growth of the market.
MARKET SCOPE
The "Global Electric vehicle and electric vehicle infrastructure Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the electric vehicle and electric vehicle infrastructure market with detailed market segmentation by vehicle type, propulsion, charging station, and geography. The report provides key statistics on the market status of the leading electric vehicle and electric vehicle infrastructure market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on vehicle type, the global electric vehicle and electric vehicle infrastructure market is segmented into passenger cars and commercial vehicles.
- On the basis of propulsion, the market is segmented into BEV, PHEV and FCEV.
- Based on charging station, the global electric vehicle and electric vehicle infrastructure market is segmented into normal and super.
MARKET DYNAMICS
Drivers:
- The increasing attention of global economies on emerging supporting infrastructure for accelerating the adoption of electric vehicles (EVs) is one of the major factors driving the growth of EV and EV infrastructure market.
- Increasing technological advancement in automotive sector is anticipated to bring new opportunities for the market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The electric vehicle and electric vehicle infrastructure market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the electric vehicle and electric vehicle infrastructure market in these regions.
IMPACT OF COVID-19 ON ELECTRIC VEHICLE AND ELECTRIC VEHICLE INFRASTRUCTURE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the electric vehicle and electric vehicle infrastructure market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from electric vehicle and electric vehicle infrastructure market are anticipated to lucrative growth opportunities in the future with the rising demand for electric vehicle and electric vehicle infrastructure in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the electric vehicle and electric vehicle infrastructure market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ABB Group
- BMW AG
- BYD Company Ltd
- ChargePoint Inc
- Kempower OY
- Nissan
- Panasonic Corporation
- Proterra Inc
- Tesla, Inc.
- Volkswagen