Government Initiatives to Support Electric Vehicles Market Extensively by 2019

A new research report based on the electric vehicle market published by Transparency Research Market (TMR) states that the electric vehicle market is estimated to develop as consumers seek to lower down their fuel expenses. The electric vehicle market was valued at US$83.54 billion in 2012. The report is titled “Electric Vehicles Market (on-road) (hybrid, plug-in, and battery) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”.

Browse Report: http://www.transparencymarketresearch.com/electric-vehicles-market.html

The report talks about the factors that are affecting the electric vehicle market growth such as emerging government initiatives, availability of electric vehicles at reasonable rates, and increasing environmental concerns. The report targets on two key segments of the global electric vehicle market, by types and by region. The global electric vehicles market is classified into four segments by product types namely motorcycles and scooters, electric cars, buses, and others. Electric car segment consists of cars, neighborhood electric vehicles, and golf carts. Various types of electric motorcycles and scooters are mentioned in this report such as battery electric motorcycles and scooters, hybrid electric motorcycles and scooters, and plug-in hybrid electric motorcycles and scooters.

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Geographically, the electric vehicle market is segmented into North America, Europe, Asia Pacific, and rest of the World in this report. North America was the largest market for the electric vehicle in 2012. It accounted for 38.3% of the global electric vehicle market in 2012, in terms of revenue.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Electric Vehicles (on-road) Market to Reach 64.4 million units by 2019

Electricity as an alternative to conventional transportation energy is becoming a near-term reality for several countries worldwide. Electric vehicles are expected to promote sustainable energy development at the same time addressing the climate and air quality changes. Rising prices of fossil fuels coupled with the environmental impact of the petroleum based transportation vehicles has led to renewed interest in electricity operated vehicles. However, challenges for widespread adoption of these electric vehicles include consumer acceptance for this new technology, high initial purchase cost and lack of charging infrastructure.

Browse Electric Vehicles Market Report with Full TOC at : http://www.transparencymarketresearch.com/electric-vehicles-market.html

Electric vehicles are propelled by one or more electric motor and powered with the help of rechargeable battery packs. Electric vehicles offer different benefits compared to ‘internal combustion engine’ (ICE) powered vehicles such as fuel economy, zero emission of pollutants including nitrogen oxide, carbon monoxide and hydrocarbons among others. They enhance performance and offer greater energy efficiency. Operating and maintenance cost associated with the electric vehicles is also low compared to conventional vehicles.

This report analyses the electric vehicles (on-road) market on a global basis with detailed breakdown into various sub-divisions. It provides cross-sectional analysis of the market based on parameters such as product type and geography segments. The global on-road electric vehicles market has been classified by product types into four broad segments namely electric cars, motorcycles and scooters, buses, and others. Electric car segment includes cars, neighborhood electric vehicles and golf carts. Electric cars are further classified on the basis of technology into hybrid electric cars, plug-in hybrid electric cars and battery electric cars.

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A neighbourhood electric vehicle is a battery electric vehicle that is legally limited to the roads with speed limits up to 45 miles per hour. Electric golf carts are particularly used on golf courses and country clubs. Different type of electric motorcycles and scooters mentioned in this report are hybrid electric motorcycles and scooters, battery electric motorcycles and scooters and plug-in hybrid electric motorcycles and scooters. Electric buses available in the market are hybrid electric buses, battery electric buses and fuel cells electric buses. Fuel cell buses employ hydrogen fuel cell as its power source. Others segment includes electric bicycles and trucks.

In addition, the analysis provides market estimation in terms of revenue and volume and forecast for the period between 2013 and 2019. The Porter’s five forces analysis and value chain analysis included in the report further help in assessing the market situation and competitiveness. Market attractiveness analysis helps to highlight the key industry segments and their comparative attractiveness with other industry segments.

With underlying latent demand and high growth potential and, electric vehicles (on-road) market is witnessing the emergence of new players. Apart from the detailed sub-segment analysis as illustrated through the table below given, this report also provides company profiles of the key market players. The competitive profiling of these players includes company and financial overview, business strategies adopted by them, and recent developments which can help in assessing competition in the market. Some of the major companies included in this report are Tesla Motors, Inc., NISSAN Motors Company, General Motors Company, Mitsubishi Motors Corporation, Volkswagen, Renault S.A., Daimler AG and Smith Electric Vehicles.

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Electric Vehicles (on-road) Industry Application Market, By Product types

Electric Cars

• Hybrid electric cars
• Plug-in hybrid electric cars
• Battery electric cars

Electric motorcycles and scooters

• Hybrid electric motorcycles
• Plug-in hybrid electric motorcycles
• Battery electric motorcycles

Electric Buses

• Hybrid electric buses
• Battery electric buses
• Fuel cells electric buses

Electric Vehicles (on-road) Industry Application Market, By Geography

• North America
• Europe
• Asia-Pacific
• Rest of the World (RoW)

Browse all Semiconductor & Electronics Market Research Report http://www.transparencymarketresearch.com/semiconductor-market-reports-5.html

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Atil

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Visit : http://tmrmarketreports.wordpress.com/

Electric Vehicles Market Research 2013 - 2019

The global on-road electric vehicles market is forecast to record 64.4 million units volume sales by 2019. In terms of revenue, it is expected to reach a value of USD 271.67 billion by 2019, growing at a CAGR of 19.2% from 2013 to 2019. Increasing use of electric vehicles is due to rise in gasoline prices, growing environmental concerns, and government support/initiatives such as tax exemptions to promote use of eco-friendly products and services. Worldwide, governments are dedicatedly funding research and development centres to develop efficient lithium-ion batteries which are used in electric vehicles. These advanced batteries offer improved energy transfer and better storage capacity at affordable cost. Regions such as Europe and North America are the pioneers in developing and adopting such technologies, with certain countries namely China, Japan, and South Korea, in Asia-Pacific region too, fast catching the trend.

Browse Electric Vehicles Market Report with Full TOC at : http://www.transparencymarketresearch.com/electric-vehicles-market.html

The global on-road electric vehicles market has been classified by product types into four broad segments namely motorcycles and scooters, cars, buses, and others (neighborhood electric vehicles, bicycles, golf carts and trucks). In terms of revenue, electric cars dominated the market in 2012 with 19.6% of global market revenue. Others (neighborhood electric vehicles, bicycles, golf carts and trucks) segment is the second largest market and contributed 28.5% of market revenue share in 2012. By volume, electric bicycles covered the largest market share and the segment is expected to continue its dominance throughout the forecast period.

Geographically, North America dominated the on-road electric vehicles market in 2012 and is expected to retain its dominant position during the forecast period. This is due to several government initiatives for promoting the adoption of electric vehicles in North America. For instance, U.S. government is taking initiatives to reduce the dependency on fossil fuels. Stronger efficiency standards and the higher taxes on motor fuels are steps in this direction further supporting the growth of electric vehicles in this region. Several national-level programs and initiatives such as research and development support, tax incentives, subsidies for electric vehicles purchasers, and public education programs, across Asia-Pacific region, are spreading awareness of electric vehicles. European government is also supporting, green technologies in automotive sector so as to encourage electric vehicle sales. For instance, Brussels (Germany) has allotted EUR 5 billion for European Green Cars Initiative (EGCI), announced in 2008. Similar investments are being made by other major economies of the world, such as China with USD 15 billion and U.S. with USD 2.4 billion for electric vehicles.

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Nissan Motors, General Motors, Tesla Motors, Honda Motors Co. and Toyota Motors are some of the leading players in this market. These players collectively accounted for more than 50% of total market share in 2012. The electric vehicles market is expected to witness the emergence of new models at local and global level. For example, BMW i3, Cadillac ELR, Mitsubishi Outlander are few models that would be launched in 2014.

Nissan Motors, General Motors, Tesla Motors, Honda Motors Co. and Toyota Motors are some of the leading players in this market. These players collectively accounted for more than 50% of total market share in 2012. The electric vehicles market is expected to witness the emergence of new models at local and global level. For example, BMW i3, Cadillac ELR, Mitsubishi Outlander are few models that would be launched in 2014.

This report analyzes the electric vehicles (on-road) market in terms of revenue (USD million) and volume (million units). The market has been segmented as follows:

Electric Vehicles (on-road) Industry Application Market, By Product types

Electric Cars

• Hybrid electric cars
• Plug-in hybrid electric cars
• Battery electric cars

Electric motorcycles and scooters

• Hybrid electric motorcycles
• Plug-in hybrid electric motorcycles
• Battery electric motorcycles

Electric Buses

• Hybrid electric buses
• Battery electric buses
• Fuel cells electric buses

Electric Vehicles (on-road) Industry Application Market, By Geography

• North America
• Europe
• Asia-Pacific
• Rest of the World (RoW)

Browse all Semiconductor & Electronics Market Research Report http://www.transparencymarketresearch.com/semiconductor-market-reports-5.html

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Sheela AK

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Visit : http://tmrmarketreports.wordpress.com/