The Business Research Company Global Electric Car Market 2021 Report: COVID-19 Growth and Change to 2030
LONDON, GREATER LONDON, UK, Aug 24, 2021 /EINPresswire.com/ – According to new market research report “Electric Cars Global Market Report 2021: COVID-19 Growth And Change To 2030” released by The Business Research Company, the electric car market is expected to grow from $ 4.82 trillion in 2020 to $ 6.57 trillion in 2021 at a compound annual growth rate (CAGR) of 36.3%. The growth is primarily driven by businesses resuming operations and adjusting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, the remote work and closure of business activities which resulted in operational challenges. The market is expected to reach $ 18.95 trillion in 2025 at a CAGR of 30%. The growing demand for electric vehicles is driving the electric car market.
Sample request for Global Electric Car Market report:
The electric car market includes sales of electric cars and related services. An electric car is an electric vehicle that works with a rechargeable battery such as a nickel-metal-hydride (NI-MH) battery, a lithium-ion battery, a fuel cell battery. Electric cars are available in Battery Electric Vehicles (BEV), Plug-in Hybrid Electric Vehicles (PHEV), Fuel Cell Electric Vehicles (FCEV) which are used for home or commercial use.
Global Electric Car Market Trends
The development of wireless charging facilities for electric vehicles is the greatest opportunity for OEMs and end users. Wireless charging makes it possible to charge an electric vehicle without the inconvenience of finding the right cable connector at the charging point and / or stopping at any charging station. Wireless charging uses dynamic and inductive charging technologies where electricity is transferred from a magnetic coil in the charger to a second magnetic coil connected to a car. Tesla, BMW, Rolls Royce, Volkswagen, Nissan, etc. are working on cars with wireless charging systems because OEMs and tech companies have figured out that it’s much easier to charge an electric vehicle with a wireless charging system than a plug-in system. Qualcomm Technologies, constantly working on its wireless charging system called Qualcomm Halo, which uses dynamic technology that allows the electric vehicle to be charged while driving. Therefore, the wireless charging system has enormous scope in the future to electrify vehicles around the world.
Global Electric Car Market Segments:
The global electric car market is further segmented on the basis of type and geography.
By type: battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), hybrid electric vehicle (HEV)
By battery type: Lithium-Iron-Phosphate (LFP), Lithium – Nickel – Manganese Cobalt oxide (Li-NMC), Lithium – Titanate oxide (LTO), Lithium – Nickel – Cobalt – Aluminum oxide (NCA), Nickel– battery metal hydride (NiMH), lead acid battery
By Application: Home Use, Commercial Use
By Geography: The global electric car market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East, and Africa.
Learn more about the Global Electric Car Market Report at:
The 2021 Global Electric Car Market report is part of a series of new reports from The Business Research Company that provides Electric Car market overviews, analysis and forecast on Electric Car market size and growth , Electric Car market share, Electric Car market players, Electric Car market segments and geographies, revenue, profiles and market share of the major competitors in the Electric Car market. The Electric Car Market report identifies key countries and segments for opportunities and strategies based on market trends and approaches of key competitors.
Read The Business Research Company’s Global Electric Car Market 2021 Report for insight into the following:
Data segments: market size, global, by region and by country; Historical and forecast size, and growth rate for the world, 7 regions and 12 countries
Electric Car Market Organizations Covered: Toyota, BMW, BYD, Tesla, BMW, Volkswagen, General Motors, BAiC Motors, SAIC, Daimler AG, Chery Automobiles, Hyundai, Ford, Changan, Volvo, Anhui Jianghuai Automobile Co. Ltd. (JAC Motors), Renault-Nissan, JMCG, Zotye, Mitsubishi, Yutong, Geely Automobile Holdings Ltd., Great Wall Motor Co. Ltd., Audi, Jaguar Land Rover, Mahindra Electric Mobility Ltd., Honda Motor Co. Ltd., Energica Motor Company SPA, Nissan Motor Corporation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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The Business Research Company has published over 1,000 industry reports, covering over 2,500 market segments and 60 geographies. The reports are backed by 150,000 datasets, in-depth secondary research, and proprietary information from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 in various markets.
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Here is a list of reports from The Business Research Company similar to the 2021 Global Electric Car Market report:
Global Electric Car Chargers Market Report 2021: Growth and Change Related to COVID-19
Global Electric Vehicle Charging Stations Market Report 2021 – By Installation Type (Home Charging System, Commercial Charging System), By Connector Type (CHAdeMO, CCS, GB / T, Tesla Supercharger), By Mode charging (pluggable charging system, wireless charging System), by charging station (AC charging station, DC charging station), growth and change COVID-19
Global Electric Vehicle Charging Station Equipment Market Report 2021 – By Type (AC Charging, DC Charging, Inductive Charging), By Vehicle Type (Battery Electric Vehicles (BEV), Rechargeable Electric Vehicles (PHEV), Vehicles Hybrid Electric (HEV), By type of load (level one load (120 volts), level two
Charge (240 volts), DC fast charge (480 volts)), growth and change COVID-19
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