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The global electric vehicle market is showcasing an evolving trend in terms of revenue and is projected to grow at a CAGR of 20.95% throughout the forecast period of 2019-2027.<br>Read more: https://www.tritonmarketresearch.com/reports/global-electric-vehicle-market<br>
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Electric Vehicle Market 2019-2027
MARKET OUTLOOK o The global electric vehicle m arket is expected to progressat20.95%ofC A G Rovertheforecastingperiod of2019to2027. o Som eofthefactorsthatareresponsiblefordrivingthe electric vehicle m arket are attractive governm ent policiestoadvertisetheuseof electricvehicles, cost- effectivenessofelectricvehiclesovertheiroilandgas counterparts,greenhousegasem issionsandincreasing percapitaincom e. o The m ajor challenges faced by the electric vehicle m arketgloballyaretheperform anceissuesandlackof publicaw areness.
REGIONAL OUTLOOK • N orth A m erica, E urope, A sia-Pacific and rest of the w orld are the regionsm entionedintheglobalelectricvehiclem arket. • TheA siaPacificleadstheglobalelectricvehiclem arket,accountingfor thelargestm arketshareandisalsothefastestgrow ingregionoverthe forecastingyears. • Them arketisgrow ingrapidly,ow ingtothegovernm ents’ initiativeto theadoptionofelectricvehiclesduetothecontinuousriseinthe
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COMPETITIVEOUTLOOK Topcom paniesinthem arketincludeB ayerischeM otoren W erkeA G ,FordM otorC om pany,N issanM otorCo.,L td.,Fiat C hrysler A utom obiles N .V, B YD C om pany L td., Toyota IndustriesC orporation,G roupePSA ,H yundai M otor,H onda M otorC om pany,G eneralM otorsC om pany,Volksw agenA G , D aim ler A G , Tesla M otors, Inc., Zhejiang G eely H olding G roup, and M itsubishi. Thedetailed inform ation of these com panies,alongw ithitsm arketsharepositionisprovided inthereport.
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