The Global Electric Vehicles Market is projected to register a CAGR of 3.48%. Key Highlights. Largest Segment by Fuel Type - BEV : Technological enhancements, and charging infrastructure devlopment, stringent norms, incentives are making BEV the largest fuel type in global electric vehicle market.
New York, Jan. 16, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Electric Vehicles Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028" - https://www.reportlinker.com/p06381546/?utm_source=GNW
Fastest-growing Segment by Fuel Type - FCEV : FCEV is the fastest-growing fuel type due to its zero emissions, increased economy, and quicker refueling times compared to other electric vehicles.
Largest Segment by Vehicle Type - Commercial Vehicles : Due to various governments’ increasing sensitivity to a cleaner environment, there is expected to be an increase in demand for zero-emission vehicles during the projected period.
Fastest-growing Segment by Region - Africa : The Asia-Pacific region is predicted to have the quickest growth, with countries like China, and India leading the way in terms of innovation, technology, and the development of cutting-edge EVs.
The Global Electric Vehicles Market is fairly consolidated, with the top five companies occupying 71.50%. The major players in this market are BYD Motors Inc., General Motors Company, Groupe Renault, Tesla Inc. and Volkswagen AG (sorted alphabetically).
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