News on U.S. government agencies, U.S. politics, companies doing business with U.S. federal government. Read U.S. national and local news. This site is not affiliated with United States Government.
Press release distribution service
Home : U.S. Government News Search Engine                          

Home > U.S. Government News > Marketplace :
Home: United State Government News
Home | News | Submit Press Release |

Electric Vehicle Market - Global Forecast to 2025: Market is Dominated by Tesla, Nissan, BYD, BMW and Volkswagen


(USGovernment-News.Com, June 08, 2019 ) The Global Electric Vehicle Market is projected to grow at a CAGR of 32.57% during the forecast period, to reach 10.79 million units by 2025, from an estimated 1.50 million units in 2018

Major Growth Drivers-

1 Favorable Government Policies and Subsidies
2 Heavy Investments From Automakers in EVS
3 Growing Concern About Environmental Pollution
4 Increased Vehicle Range Per Charge

Download PDF Brochure @

The Asia Pacific region is the largest market for EVs due to government support in the form of grants, subsidies and tax rebates and continuously improving charging infrastructure in countries such as Japan and China. The governments in both the major markets i.e. Japan and China provide subsidies and other non-financial benefits such as access to number plate, carpool lane access, and road tax exemptions for EV users. Continuously improving charging infrastructure and increasing vehicle range are the major factors which have contributed to the Asia-Pacific to be the fastest growing market. Additionally, the alarming pollution level in economies such as Japan and China has fueled the demand for zero-emission vehicles in such countries thus creating huge demand for EVs in such countries. Additionally, In 2018, the sales of electric vehicles comprise of BEV and PHEV in China crosses 2 million units mark. Further, the Volkswagen Group sells about 4,000,000 vehicles in China and requires 400,000 NEV credits in 2019.

Target Audience:

Electric Vehicle (EV) Manufacturers
EV Component Manufacturers
EV Battery Manufacturers
EV Infrastructure Providers (Charging station manufacturers)

Request for Sample Pages @

The FCEV segment (zero-emission vehicles) is set to register the highest growth rate in the electric vehicle market followed by BEVs and PHEVs, because of the availability of better subsidies and support from governments. Increasing vehicle range and improving charging infrastructure have fueled the demand for BEVs. Nissan Leaf and Tesla Model S were the most successful and highest selling BEV models in 2016. The growth of BEV sales is projected to continue during the forecast period because of decreasing battery prices, increasing environmental awareness among consumers, and decreasing the charging time. It has been projected that the invention of super-fast chargers would enable EV to be fully charged in less than an hour.

Technological advancements and increasing focus on research & development activities by leading OEMs to launch affordable and premium quality electric passenger cars. The models in the electric passenger car segment such as the Tesla Model S, Nissan Leaf, BYD Tang, and Mitsubishi Outlander are some of the top-selling electric passenger cars in 2016. Availability of subsidies and tax rebates, features such as increasing vehicle range and improved charging infrastructure, reduction in charging time, and the decreasing price or EVs are the major factors driving the global EV market.

Speak to Analyst @

The electric vehicle ecosystem consists of manufacturers such as Tesla (US), Nissan Motor Corporation (Japan), BYD (China), and BMW (Germany), and Volkswagen (Germany). EV components manufacturers such as LG Chem. (South Korea), Panasonic Corporation (Japan), Delphi Automotive (UK), Samsung SDI (South Korea), Automotive Energy Supply Corporation (Japan), and EV infrastructure providers such as Car Charging Group (US) and Charge Point, Inc. (US).


Mr. Shelly Singh


Source: EmailWire.Com


U.S. Governement News: Politics
  • Presidential Elections
  • Democrates
  • Congress
  • House of Representatives
  • President Obama
  • Republican Party
  • Mitt Romney
  • U.S. Senate
  • U.S. Military
  • U.S. Politics
  • Politics Video Feeds

    U.S. Government Resource Center
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    Point of Beginning
    Overall Labor Effectiveness (OLE) Achieving a Highly Effective Workforce

    No credit cards, coupons, or promo codes required. Try it today!

    USGovernment-News.Com is a news service of GroupWeb Media LLC