{"id":1890,"date":"2020-04-14T09:30:00","date_gmt":"2020-04-14T09:30:00","guid":{"rendered":"http:\/\/wordpress2.hdnweb.com\/2020\/04\/14\/electric-vehicle-market-to-reach-802-81-bn-globally-by-2027-at-22-6-cagr-allied-market-research\/"},"modified":"2020-04-14T09:30:00","modified_gmt":"2020-04-14T09:30:00","slug":"electric-vehicle-market-to-reach-802-81-bn-globally-by-2027-at-22-6-cagr-allied-market-research","status":"publish","type":"post","link":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/04\/14\/electric-vehicle-market-to-reach-802-81-bn-globally-by-2027-at-22-6-cagr-allied-market-research\/","title":{"rendered":"Electric Vehicle Market to Reach $802.81 Bn, Globally, by 2027 at 22.6% CAGR: Allied Market Research"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><i>Surge in demand for fuel-efficient, high-performance, and low-emission vehicles along with stringent regulations of governments regarding vehicle emissions propel the growth of the global electric vehicle market<\/i><\/p>\n<p><span class=\"xn-location\">PORTLAND, Oregon<\/span>, <span class=\"xn-chron\">April 14, 2020<\/span> \/PRNewswire\/ &#8212; Allied Market Research published a report, titled, <b>&#8220;<\/b><a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/electric-vehicle-market\" rel=\"nofollow\">Electric Vehicle Market<\/a><b>\u00a0by Type (Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV), and Plug-in Hybrid Electric Vehicles (PHEV)), Vehicle Class (Mid-Priced and Luxury), and Vehicle Type (Two-wheelers, Passenger Cars, and Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2020\u20132027.&#8221;<\/b> According to the report, the global electric vehicle industry generated <span class=\"xn-money\">$162.34 billion<\/span> in 2019, and is estimated to reach <span class=\"xn-money\">$802.81 billion<\/span> by 2027, growing at a CAGR of 22.6% from 2020 to 2027. <\/p>\n<div id=\"prni_dvprnejpg4ffbleft\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpg4ffbleft\" title=\"Allied_Market_Research_Logo\" border=\"0\" alt=\"Allied_Market_Research_Logo\" align=\"middle\" imagelabel=\"General\" src=\"https:\/\/mma.prnewswire.com\/media\/636519\/Allied_Market_Research_Logo.jpg\"\/><\/div>\n<p><b>Download Sample Report (256 Pages PDF with Insights)<\/b>\u00a0@ <a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/request-sample\/2404\" rel=\"nofollow\">https:\/\/www.alliedmarketresearch.com\/request-sample\/2404<\/a><\/p>\n<p><b>Drivers, restraints, and opportunities <\/b><\/p>\n<p>Rise in demand for high-performance, fuel-efficient, and low-emission vehicles along with strict government regulations toward vehicle emissions drive the growth of the global electric vehicle market. However, high cost of manufacturing and less fuel economy &amp; serviceability hinder the market growth. On the other hand, advancements in technologies and supportive government initiatives create new opportunities in the coming years. <\/p>\n<p><b>The HEV segment to maintain its dominant share throughout the forecast period<\/b><\/p>\n<p>Based on type, the hybrid electric vehicle (HEV) segment accounted for the highest market share in 2019, contributing to nearly half of the global electric vehicle market, and is expected to maintain its dominant share throughout the forecast period. This is due to wide availability of hybrid electric vehicles worldwide with advancements in technology. However, the <b>battery electric vehicle (BEV)<\/b> segment is estimated to portray the highest CAGR of 23.3% from 2020 to 2027, owing to increase in demand for battery electric vehicles across the globe with stringent government regulations. <\/p>\n<p><b>Interested to Procure The Data? Enquire Here<\/b>\u00a0@ <a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/purchase-enquiry\/2404\" rel=\"nofollow\">https:\/\/www.alliedmarketresearch.com\/purchase-enquiry\/2404<\/a><\/p>\n<p><b>The passenger car segment to continue its leadership position during the forecast period<\/b><\/p>\n<p>Based on vehicle type, the passenger car segment contributed to nearly three-fourths of the global <a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/press-release\/electric-vehicle-market.html\" rel=\"nofollow\">electric vehicle market<\/a> in 2019, and is estimated to continue its leadership position during the forecast period. This is due to the emergence of battery operated vehicles by different automobile manufacturers across the world. However, the <b>commercial vehicle<\/b> segment would register the largest CAGR of 30.0% from 2020 to 2027, owing to demand for emission free commercial vehicles. <\/p>\n<p><b><span class=\"xn-location\">North America<\/span> to grow at the fastest CAGR<\/b><\/p>\n<p>Based on region, <b><span class=\"xn-location\">North America<\/span><\/b> is expected to contribute the fastest CAGR of 27.5% from 2020 to 2027. This is due to wide adoption of electric operated vehicles in the region for complying with the emission norms. However, <span class=\"xn-location\">Asia-Pacific<\/span> held more than half of the global electric vehicle market in 2019, and is expected to maintain its lion&#8217;s share throughout the forecast period. This is due to the developed automotive industry in the region and the novel developments by different manufacturers. <\/p>\n<p><b>Request for Customization<\/b>\u00a0@ <a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/request-for-customization\/2404\" rel=\"nofollow\">https:\/\/www.alliedmarketresearch.com\/request-for-customization\/2404<\/a><\/p>\n<p><b>Leading market players<\/b><\/p>\n<ul type=\"disc\">\n<li>Tesla <\/li>\n<li>BMW Group\u00a0 <\/li>\n<li>Nissan Motor Corporation\u00a0 <\/li>\n<li>Toyota Motor Corporation <\/li>\n<li>Volkswagen AG <\/li>\n<li>General Motors <\/li>\n<li>Daimler AG <\/li>\n<li>Energica Motor Company S.p.A <\/li>\n<li>BYD Company Motors <\/li>\n<li>Ford Motor Company<\/li>\n<\/ul>\n<p><b>Schedule a Call with Our Analysts\/Industry Experts <\/b>@ <a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/connect-to-analyst\/2404\" rel=\"nofollow\">https:\/\/www.alliedmarketresearch.com\/connect-to-analyst\/2404<\/a><\/p>\n<p><b>Avenue | The Market Research Library Access<\/b><\/p>\n<p>Avenue, a user-based library of global market report database, provides comprehensive reports pertaining to the world&#8217;s largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. Avenue is a premium subscription-based model that serves as an informative solution on which the world-leading companies can rely on.<\/p>\n<p>Avenue is a premium subscription-based model that serves as an informative solution on which the world-leading companies can rely on.<\/p>\n<p><b>Sign up and start using your 14-day free trial: <\/b><a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/avenueTrial#utm_source=pr&amp;utm_medium=gnw&amp;utm_campaign=shreyas\" rel=\"nofollow\">https:\/\/www.alliedmarketresearch.com\/avenueTrial<\/a><\/p>\n<p><b>Similar Reports:<\/b><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/electric-bikes-market\" rel=\"nofollow\">Electric Bike Market<\/a><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/luxury-car-market-A05980\" rel=\"nofollow\">Luxury Car Market<\/a><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/hydrogen-fuel-cell-vehicle-market\" rel=\"nofollow\">Hydrogen Fuel Cell Vehicle Market<\/a><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/autonomous-vehicle-market\" rel=\"nofollow\">Autonomous Vehicle Market<\/a><\/p>\n<p><b>Pre-book Offer 12% Discount:<\/b><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/electric-mobility-scooter-market\" rel=\"nofollow\">Electric Mobility Scooter Market<\/a><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/low-emission-vehicle-market\" rel=\"nofollow\">Low Emission Vehicle Market<\/a><\/p>\n<p><b>About us:<\/b><\/p>\n<p>Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in <span class=\"xn-location\">Portland, Oregon<\/span>. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of &#8220;Market Research Reports&#8221; and &#8220;Business Intelligence Solutions.&#8221; AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.<\/p>\n<p>We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.<\/p>\n<p><b>Contact us:<br \/><\/b><span class=\"xn-person\">David Correa<\/span><br \/>5933 NE Win Sivers Drive<br \/>#205, <span class=\"xn-location\">Portland, OR<\/span> 97220<br \/><span class=\"xn-location\">United States<\/span><br \/>Toll Free (<span class=\"xn-location\">USA<\/span>\/<span class=\"xn-location\">Canada<\/span>): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141<br \/>UK: +44-845-528-1300<br \/><span class=\"xn-location\">Hong Kong<\/span>: +852-301-84916<br \/><span class=\"xn-location\">India<\/span> (<span class=\"xn-location\">Pune<\/span>): +91-20-66346060<br \/>Fax: +1-855-550-5975<br \/><a target=\"_blank\" href=\"mailto:help@alliedmarketresearch.com\" rel=\"nofollow\">help@alliedmarketresearch.com<\/a>\u00a0<br \/><b>Web<\/b>: <a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/\" rel=\"nofollow\">https:\/\/www.alliedmarketresearch.com<\/a> <br \/><b>Follow us on<\/b>: <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/allied-market-research\" rel=\"nofollow\">https:\/\/www.linkedin.com\/company\/allied-market-research<\/a> <br \/><b>Allied Market Research Blog<\/b>: <a target=\"_blank\" href=\"https:\/\/blog.alliedmarketresearch.com\/\" rel=\"nofollow\">blog.alliedmarketresearch.com\u00a0 <\/a>\u00a0<\/p>\n<p>Logo: <a target=\"_blank\" href=\"https:\/\/mma.prnewswire.com\/media\/636519\/Allied_Market_Research_Logo.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/636519\/Allied_Market_Research_Logo.jpg<\/a> <\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><i>Surge in demand for fuel-efficient, high-performance, and low-emission vehicles along with stringent regulations of governments regarding vehicle emissions propel the growth of the global electric vehicle market<\/i><\/p>\n<p><span class=\"xn-location\">PORTLAND, Oregon<\/span>, <span class=\"xn-chron\">April 14, 2020<\/span> \/PRNewswire\/ &#8212; Allied Market Research published a report, titled, <b>&#8220;<\/b><a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/electric-vehicle-market\" rel=\"nofollow noopener noreferrer\">Electric Vehicle Market<\/a><b>\u00a0by Type (Battery Electric Vehicles&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1891,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[18],"tags":[],"class_list":["post-1890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hispanicmotorpress"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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