Global Electric Passenger Car Market By Vehicle Type (Sedan, Hatchback & SUV), By Technology Type (PHEV Vs. BEV), By Driving Range (Up to 150 Miles Vs. Above 150 Miles), By Region, Competition Forecast & Opportunities.
Automotive –> Automobile –> Electric Passenger Car
Favorable government initiatives, growing consumer inclination towards electric vehicles, and increasing research & development by automobile manufacturers to drive the global electric passenger car market through 2023.
According to TechSci Research report, “Global Electric Passenger Car Market By Vehicle Type, By Technology Type, By Driving Range, By Region, Competition Forecast & Opportunities, 2013 – 2023”, the electric passenger car market across the globe is projected to surpass $ 185 billion by 2023. Growth in the market is expected to be driven by changing consumer preference from traditional fossil fuel vehicles to electric passenger cars, in addition to incentive schemes by governments of developed as well as developing nations to boost the sales of electric vehicles owing to increasing concerns associated with emissions and environmental pollution. Moreover, technological advancements and increasing consumer awareness about the benefits of electric vehicles and harmful effects of car emissions are further expected to fuel the electric passenger car market across the globe over the coming years.
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On account of increasing government efforts aimed at encouraging the use of electric vehicles amid alarming pollution levels, globally. Technological advancements on account of increasing focus on research & development activities by leading automobile companies to launch affordable and premium quality electric passenger cars, in addition to rising penetration of electric passenger cars in developing economies are expected to aid the global electric passenger car market over the coming years. Growing environmental awareness among consumers and improving charging infrastructure are some of the other factors that would positively influence the market during the forecast period.
“Global Electric Passenger Car Market By Vehicle Type, By Technology Type, By Driving Range, By Region, Competition Forecast & Opportunities, 2013 – 2023” has analyzed the potential of electric passenger car market across the globe, and provides statistics and information on market size, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the industry.
Browse 154 market data Figures spread through 234 Pages and an in-depth TOC on “Global Electric Passenger Car Market” https://www.techsciresearch.com/report/electric-passenger-car-market/2444.html
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