Isle of Man, Nov. 02, 2022 (GLOBE NEWSWIRE) -- New Energy Vehicles Market by 2022-2030 | Demand, Trends, Opportunities, Challenges, Risks Factors Analysis, Competitive Situation | Key Players, Types, Applications, Regional Analysis
Douglas Insights is the first-ever comparison engine that provides accurate and comprehensive market research reports. It has now included New Energy Vehicles Market research reports in its comparison to enable market researchers, market analysts, industry specialists, and firms to identify and assess past, current, and projected market trends, key drivers of market growth, hindrances to market growth, limitations, challenges, and predictions. This unique digital tool provides access to the most comprehensive range of private and public market reports. Researchers can compare these reports by Prices, Publisher Ratings, List of Contents, Publication Dates, and Prices.
The new energy vehicles market has experienced robust growth in the past few years and is expected to grow further at a CAGR of 21.7% between 2022 and 2030.
Unlike conventional vehicles, energy vehicles are primarily electric cars that require electricity to run. These vehicles don't use diesel or gasoline and are powered by large batteries or fuel cells. Since they don't require fuel to run, it helps users save a lot of money on fuel costs, especially with the rising fuel costs worldwide, which is one of the significant factors contributing to the growth of the energy vehicles market.
Compare the report and make your decision - https://douglasinsights.com/new-energy-vehicles-market
Moreover, customers are becoming increasingly aware of environmental pollution and are taking active steps to reduce their carbon footprint. Since electric vehicles are environmentally-friendly and don't emit pollutants, they are preferred by environmentally conscious consumers. Another plus point of these vehicles is that they require lower maintenance and have an efficient electric motor, thus, further reducing car maintenance costs.
Governments worldwide are supporting the production of these zero-emission vehicles by providing electric vehicle car manufacturers with subsidies and tax rebates, further fuelling the growth of the new energy vehicle market by compelling manufacturers to sell these vehicles worldwide. Moreover, governments have set up emission reduction targets depending on their capacity and are taking active steps toward achieving these goals.
In addition, governments are increasingly investing in developing energy vehicle charging stations and hydrogen fuelling stations, creating opportunities for car manufacturers to expand globally and increase their revenue streams.
Moreover, owing to technological advancements in this sector, the cost of energy vehicle batteries is decreasing, leading to mass-scale production. Since batteries are the most expensive component of energy vehicles, reducing their cost encourages manufacturers to increase production.
Apart from a decrease in manufacturing costs of batteries, another significant factor encouraging production is the reduction in cathode material prices. Thus, the prices of these batteries are expected to fall further, resulting in it becoming even cheaper to produce energy vehicles than conventional ones. This significant drop in production cost will likely create growth opportunities in the global energy vehicle market.
However, there is fewer electric vehicle charging stations worldwide compared to conventional charging stations, which reduces the adoption rate of new energy vehicles. Hence, this is one of the primary factors hindering the growth of the new energy vehicles market.
Furthermore, a variation in charging loads of electric vehicles is leading to the standardization of energy vehicle charging stations. Thus, these vehicles are compatible with only a few types of voltages, a significant challenge in this market.
Prominent market players operating in the energy vehicle market include Tesla, Volkswagen, BYD, SAIC Motors, Nissan, Toyota Motor Corporation, Honda Motor Company Ltd, General Motors Group, Hyundai, and KIA Automotive Group. These energy vehicle companies are offering innovative and extensive solutions for the automotive industry to reduce environmental pollution and increase the efficiency of vehicles. Moreover, they also have a wide geographical spread created through extensive distribution networks.
Set a budget for a custom project and see offers from publishers all over the world- https://douglasinsights.com/projects
New Energy Vehicles Market Report Coverage
| Report Attributes | Details |
| Market Size in 2021 | $XX Mn |
| Market Size Projection in 2028 | $XX Mn |
| CAGR (2021-2028) | 21.7% |
| Largest Market | North America |
| Growth Drivers | Developing energy vehicle charging stations and hydrogen fuelling stations, Creating opportunities for car manufacturers and many more. |
| Segmentation | By Vehicle (Passengers Cars, Commercial Vehicle) By Type (Battery Electric, Hybrid, Plug in Hybrid Electric) |
| Regional Analysis | North America (US, Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Europe (U.K, Germany, Italy, France, Spain, Russia and Rest of Europe), APAC (China, Japan, India, South Korea, Australia, ASEAN and Rest of Asia Pacific), ME (GCC Countries, Israel, and Rest of Middle East) & Africa (South Africa, North Africa and Central Africa) |
| Key Companies Covered | Jac Motors, Tesla INC, BYD, Uber Technologies, Anhui Jinghui Automobile co Ltd, Daimler AG, Bejiing Automotive industry, Lyft INC, Baidu, Amazon |
Segmentations
By Vehicle:
- Passengers Cars
- Commercial Vehicle
By Type:
- Battery Electric
- Hybrid
- Plug in Hybrid Electric
Key questions answered in this report
- COVID 19 impact analysis on global New Energy Vehicles industry.
- What are the current market trends and dynamics in the New Energy Vehicles market and valuable opportunities for emerging players?
- What is driving New Energy Vehicles market?
- What are the key challenges to market growth?
- Which segment accounts for the fastest CAGR during the forecast period?
- Which product type segment holds a larger mark et share and why?
- Are low and middle-income economies investing in the New Energy Vehicles market?
- Key growth pockets on the basis of regions, types, applications, and end-users
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Unique data points of this report
- Statistics on New Energy Vehicles and spending worldwide
- Recent trends across different regions in terms of adoption of New Energy Vehicles across industries
- Notable developments going on in the industry
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2028 (forecast)
Table of content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2022-2030 (USD Billion)
1.2.1. Global New Energy Vehicle (NEV) Market, by Region, 2022-2030 (USD Billion)
1.2.2. Global New Energy Vehicle (NEV) Market, by Vehicle, 2022-2030 (USD Billion)
1.2.3. Global New Energy Vehicle (NEV) Market, by Type, 2022-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global New Energy Vehicle (NEV) Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global New Energy Vehicle (NEV) Market Dynamics
3.1. New Energy Vehicle (NEV) Market Impact Analysis (2022-2030)
3.1.1. Market Drivers
3.1.1.1. Growing Adoption of AI and 5G technology
3.1.1.2. Rising government initiatives and investment in AID Market
3.1.2. Market Challenges
3.1.2.1. Lack of Uninterrupted internal connectivity
3.1.3. Market Opportunities
3.1.3.1. Environmental regulations in developed and developing countries
Chapter 4. Global New Energy Vehicle (NEV) Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global New Energy Vehicle (NEV) Market, by Vehicle
6.1. Market Snapshot
6.2. Global New Energy Vehicle (NEV) Market by Vehicle, Performance - Potential Analysis
6.3. Global New Energy Vehicle (NEV) Market Estimates & Forecasts by Vehicle (USD Billion)
6.4. New Energy Vehicle (NEV) Market, Sub Segment Analysis
6.4.1. Passengers Cars
6.4.2. Commercial Vehicle
Chapter 7. Global New Energy Vehicle (NEV) Market, by Type
7.1. Market Snapshot
7.2. Global New Energy Vehicle (NEV) Market by Type, Performance - Potential Analysis
7.3. Global New Energy Vehicle (NEV) Market Estimates & Forecasts by Type (USD Billion)
7.4. New Energy Vehicle (NEV) Market, Sub Segment Analysis
7.4.1. Battery Electric
7.4.2. Hybrid
7.4.3. Plug in Hybrid Electric
.................. continued
Compare the report and make your decision -https://douglasinsights.com/new-energy-vehicles-market
Inquire Before Buying This Research Report: https://douglasinsights.com/static/contact-us
Follow Douglas Insights For More Industry Updates- @ LinkedIn & Twitter
About Douglas Insights-
Douglas Insights UK limited is the first company to provide comparison of market research reports by Table of content, price, ratings and number of pages. We understand the value of time. Productivity and efficiency are possible when you take prompt and assured decisions. With our advanced algorithm, filters, and comparison engine, you can compare your preferred reports simultaneously, based on publisher rating, published date, price, and list of tables. Our data portal enables you to find and review the reports from several publishers. You can evaluate numerous reports on the same screen and select the sample for your best match.
Similar Market Research Report Comparisons:
New Energy Vehicle (NEV) Taxi Market: The number of vehicles including taxi fleets in China has grown considerably in recent years, which has resulted in increased air pollution, traffic congestion, and fuel consumption.
New Energy Vehicle Wiring Harness Market: The New Energy Vehicle Wiring Harness market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2021 as the base year, with history and forecast data for the period from 2017 to 2028.
Low Speed New Energy Vehicle Market: The research report includes specific segments by region (country), by manufacturers, by Type and by Application.
New Energy Vehicle Self dimming Mirror Market: The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028.
