Europe Electric Vehicle Market Analysis, Insight, Industry Experts & Scope for Expand to Latest Development 2027
Electric
vehicle market is expected to gain market growth in the forecast
period till 2027. Data Bridge Market Research analyses that the market is
growing with the highest CAGR of 24.6%in the forecast period till 2027 and
expected to reach USD 300,007.94 million by 2027 from USD 52,124.97 million in
2019. Increasing concern about pollution and depleting fossil fuel sources are
the factors for the market growth. Based
on propulsion type, the hybrid vehicles segment is estimated to account for the
largest share of the European electric cars market in 2021. However, the fuel
cell electric vehicles segment is projected to grow at the highest CAGR during
the forecast period. The rapid growth of this segment is mainly attributed to
various advantages of electric cars such as fast refueling, zero tailpipe
emissions, lighter and smaller battery pack, rising government initiatives for
setting up hydrogen fuel cell charging stations, and increasing investments by
leading automotive OEMs in the research and development of hydrogen fuel cell
technology. Based on end use, the private use segment is estimated to
account for the largest share of the European electric cars market in 2021.
However, the commercial use segment is projected to grow at the highest CAGR
during the forecast period. The rapid growth of this segment is mainly
attributed to the increasing use of electric cars in shared mobility services
and corporate taxi fleets, increasing regulations to reduce fleet emissions,
and encouragement by global and state-level regulatory bodies to deploy
policies promoting the adoption of electric cars for mobility services.
Get the sample copy of
Report@- https://www.databridgemarketresearch.com/request-a-sample/?dbmr=europe-electric-vehicle-market
In
Europe, during the lockdown, manufacturing facilities, supply chains, and
consumer demands were paralyzed in the first half of 2020. However, the
European electric cars market is moderately affected due to the strong policy
support as 2020 was an important target year for emissions standards. The
government supported the automotive industry by regulating policies that
benefitted both consumers and manufacturers. Incentives and subsidies were
notably increased on purchasing an electric car in Germany, the U.K., and
Norway. Besides, the prices for batteries continued to reduce, which helped
increase the adoption rate of electric cars in the region. In Europe, around
1,176,000 battery-electric and plug-in hybrid electric cars were sold in 2020.
The sale of electric cars doubled in 2020, as compared to the previous year.
Developed countries such as Germany, France, the U.K., and Norway commanded
most of the stakes in this sale. Thus, the market is anticipated to grow
significantly in the forecast period.
Highlight of Table of Content:
·
Chapter 1: Market overview
·
Chapter 2: Europe Electric Vehicle Market Analysis
·
Chapter 3: Regional analysis of the Europe Electric Vehicle Market
·
Chapter 4: Market segmentation based on types and applications
·
Chapter 5: Revenue analysis based on types and applications
·
Chapter 6: Market share
·
Chapter 7: Competitive Landscape
·
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
·
Chapter 9: Gross Margin and Price Analysis
Get
Details free TOC of this report@- https://www.databridgemarketresearch.com/toc/?dbmr=europe-electric-vehicle-market
The
major players covered in the report are Ford Motor Company, General Motors,
AUDI AG, Kia Motors Corporation, Groupe Renault, Groupe PSA, SAIC Motor
Corporation Limited, JAC, Tesla, Daimler AG, BMW AG, Hyundai Motor Company, BYD
Company Ltd., Continental AG, TOYOTA MOTOR CORPORATION, Nissan Motor Co., LTD.,
Volkswagen AG, AB Volvo, Honda Motor Co., Ltd., among other domestic players.
DBMR analysts understand competitive strengths and provide competitive analysis
for each competitor separately.
Profound Questions Answered in this Report:
·
What is the growth rate of various
stages in the value chain of the industry?
·
Which region has the highest growth
rate and size of the emerging market by value in 2022?
·
Who are the competitive players in Europe Electric
Vehicle Market?
·
Which region has the largest share
and degree of competition in the industry?
·
What is the CAGR of the market
during the forecast period 2022 to 2029?
·
Which region is expected to hold the
highest market share for the market?
·
What is the main driver of the Europe Electric
Vehicle Market?
·
What is sales volume, revenue, and
price analysis of top players of the market?
·
What are the market opportunities
and threats faced by the vendors in the industry?
·
What has been the impact of COVID-19
on the Europe Electric Vehicle Market?
Asceses
Full report@ https://www.databridgemarketresearch.com/reports/europe-electric-vehicle-market
Browser Related Report@-
Electro Diesel Locomotive Market
Data
Bridge Market Research set forth itself as an unconventional
and neoteric Market research and consulting firm with unparalleled level of
resilience and integrated approaches. We are determined to unearth the best
market opportunities and foster efficient information for your business to
thrive in the market
Data Bridge
Market Research
Tel:
+1-888-387-2818
Email: Sopan.gedam@databridgemarketresearch.com
Comments
Post a Comment