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The global electric vehicle market is anticipated to reach a number of 17,957 thousand units by 2026, growing with a 19.80% CAGR during the forecast period 2022-2026

·2 min read
ReportLinker
ReportLinker

Beneficial subsidies, stringent government regulations on vehicle emissions, and policies for electronic vehicles drive market growth globally. MARKET INSIGHTS Electric vehicles are propelled by electric motors in contrast to internal combustion engines, powered by burning gases and fuel.

New York, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "GLOBAL ELECTRIC VEHICLE MARKET FORECAST 2022-2026" - https://www.reportlinker.com/p05193331/?utm_source=GNW
As a result, electric vehicles are considered a potential replacement for the present generation of vehicles to address natural resource depletion, global warming, rising pollution, etc.
Furthermore, governments worldwide are implementing subsidies and policies to promote EV sales.There are numerous advantages to buyers, including low registration fees, decreased prices, etc.

Some governments, depending on policies, also exempt roads, imports, purchases, etc. Additionally, governments are investing in infrastructure and other favorable policies to boost the global electric vehicle market.

REGIONAL INSIGHTS
The electric vehicle market growth analysis includes an assessment of Europe, North America, Asia-Pacific, and Rest of World. Asia-Pacific is anticipated to capture the highest revenue share during the forecast years owing to government incentives and investments by major market players.

COMPETITIVE INSIGHTS
The competitive rivalry is expected to remain moderate over the forecast period in the global electric vehicle market. The growing opportunities, government interest, and industry fragmentation facilitate moderate market competition among the key market players.
Some of the leading market players operating in the market include Tesla Inc, Volkswagen AG, Toyota Motor Corporation, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Companies mentioned
1. BMW GROUP
2. BYD CO LTD
3. FORD MOTOR COMPANY
4. GENERAL MOTORS COMPANY
5. LI AUTO
6. NIO
7. STELLANTIS NV
8. TESLA INC
9. TOYOTA MOTOR CORPORATION
10. VOLKSWAGEN AG
11. XPENG
Read the full report: https://www.reportlinker.com/p05193331/?utm_source=GNW

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