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Battery Electric Vehicles (BEVs) Market - Growth, Size, Share, Forecast, industry Analysis 2019 - 2027

Rising Environment Protection Concerns Aiding The Battery Electric Vehicles (BEVs) Market Growth Positively

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Battery Electric Vehicles (BEVs) Market - Growth, Size, Share, Forecast, industry Analysis 2019 - 2027

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  1. Battery Electric Vehicles (BEVs) Market - Growth, Size, Share, Forecast, industry Analysis 2019 - 2027 Rising Environment Protection Concerns Aiding The Battery Electric Vehicles (BEVs) Market Growth Positively According to a new market research report published by Credence Research “Battery Electric Vehicles (BEVs) Market (Vehicle Type– Cars, Trucks, Buses and Motorcycles; Battery Type – Lithium ion (Li-ion) Batteries, Lead Acid Batteries and Nickel Metal Hydride Batteries) – Growth, Future Prospects and Competitive Analysis, 2018 –2026”, the battery electric vehicles (BEVs) market was valued at US$ 89.15 Bn in 2017 and will be growing at a CAGR of 20.6% during the forecast period from 2018 to 2026. Browse Full Report Originally Published by Credence Research @ https://www.credenceresearch.com/report/battery-electric-vehicles-bevs-market Market Insights The market for BEVs worldwide was valued at US$ 89.15 billion in 2017 and is expected to grow at CAGR by 20.6 per cent from 2018 to 2026. As a result of increasing environmental concerns and the limited availability of oil resources, it has become imperative for car manufacturers to develop alternative fuel vehicles. Battery electric vehicles have emerged as the most popular option of all potential solutions. One of the most important factors contributing to the growth of the BEVs market can be attributed to the fact that these vehicles do not produce greenhouse gasses and pollutants. These factors make BEVs environmentally friendly. Another important factor contributing to the growth of the sector can be attributed to growing investment in infrastructure support. This has made BEVs a viable and competitive choice for customers on the market. You can get the sample copy of this research by Credence Research here @ https://www.credenceresearch.com/sample-request/59577 In addition, numerous driving factors, such as government support through taxation and grants combined with emission regulations, are driving the U.S. market for BEVs. Of example, tax credits and tax exemptions in the U.S. are a key tool of minimizing the upfront cost of EVs and promoting technology adoption. The central government has initiated a consumer subsidy program offering a subsidy of US$ 8.736 for each battery-powered electric vehicle (BEV) purchased. Nevertheless, the subsidy will continue to decrease from time to time and, according to the results, will decrease by 40% in 2019. One of the most important factors contributing to the increasing market share of battery electric vehicles can be attributed to the fact that they are a viable route to a clean and efficient transport system. Compared to internal combustion engine (ICE) vehicles, the BEVs offer high overall reliability, performance and a relatively low-cost electric motor. Nevertheless, the low energy capacity of the high voltage battery remains a major downside for BEVs. Pure electric vehicles do not produce any greenhouse gas exhaust emissions while driving. Switching to an electric vehicle therefore makes it easy for drivers to reduce their carbon footprint and thus help protect the future of the planet. There is also a trend towards greener production and materials for EVs. The Ford Focus Electric is made of recycled materials and the padding is made of bio-based materials.

  2. You can get the sample copy of this research by Credence Research here @ https://www.credenceresearch.com/sample-request/59577 Key players profiled in the report include General Motor Company, BYD Company Limited, Tesla, Renault-Nissan, Toyota, Kia Motors, Volkswagen, BMW, Hyundai and Chevrolet. About Us: Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task. Contact: Credence Research Inc Name: Chris Smith (Global Sales Manager) E-mail: sales@credenceresearch.com Ph: 1-800-361-8290 Web: https://www.credenceresearch.com

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