Monday 9 February 2015

Report: Global Battery Electric Vehicles Market to Grow at 59.42% CAGR by 2019

ReportsnReports.com offers Global Battery Electric Vehicles Market 2015-2019 of 102 pages new industry research report. The report on Battery Electric Vehicles Market profiles players like BMW AG, Daimler AG, General Motors Co., Mitsubishi Motors Corp., N

DALLAS, Feb. 8, 2015 /PRNewswire-iReach/ -- The growing environmental concern to reduce greenhouse gas emissions, especially carbon dioxide, is one key trend being witnessed in the market. Battery electric vehicles (BEV) have now become the most viable alternative to ICE-powered automobiles and a solution to the problem of emissions. Governments worldwide are playing an active role in protecting the environment and making efforts to reduce greenhouse gas emissions and offset their carbon footprint.

Analysts forecast the Global Battery Electric Vehicles (BEV) market to grow at a CAGR of 59.42% over the period 2014-2019. According to the report, government subsidies and incentives are one of the major drivers of the market. Governments in many countries have extended benefits in the form of financial incentives to the buyers of battery electric vehicles. The amount of these incentives usually depends on the size of the battery.

The report covers the present scenario and the growth prospects of the Global Battery Electric Vehicles (BEV) market for the period 2015-2019. The report includes entire range of battery electric passenger cars available in the Global Automobile market. To calculate the market size, the report considers unit sales of BEVs across all geographies. It also presents the vendor landscape and a corresponding detailed analysis of the top vendors in the market. In addition, the report discusses the major drivers that influence the growth of the Global Battery Electric Vehicles (BEV) market. In addition, it discusses the major drivers that influence the growth of the market and also outlines the challenges faced by the vendors and the market at large.

The Global Battery Electric Vehicles (BEV) Market 2015-2019 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region, Europe, North America, and the ROW; it also covers the market landscape and its growth prospects in the coming years. It also includes a discussion of the key vendors operating in this market.

The recognizes the following companies as the key players in the Global Battery Electric Vehicles Market: BMW AG, Daimler AG, General Motors Co., Mitsubishi Motors Corp., Nissan Motor Co. Ltd., Renault SA and Tesla Motors Inc.

Other Prominent Vendors in the market are: BYD Auto, Chery Automobile, Fiat, Ford Motor, Honda, Hyundai, JAC Motors, Kandi Technologies, Kia Motors, Mahindra, Roewe, Shuanghuan Automobile and Wheego Electric Cars, Toyota, Tata, Véhicules Electriques Pininfarina Bolloré Sas and Volkswagen.

Further, the report states that the range and performance of battery electric vehicles are the major challenges faced by the market. Battery electric vehicles are typically less powerful and have limited range (60-100 miles per charge) compared to conventional ICE-powered vehicles and, hence, are considered suitable only for short distance travel.

Key Questions Answered in this Report: What will the market size be in 2019 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?

There is another report on Electric Vehicles "Global Electric Two-wheelers Market 2014-2018" According to the report, incentives and policies to encourage the purchase and ownership of E2Ws are expected to drive the growth of the market. These incentives have helped encourage the adoption of E2Ws. Growing demand in major markets such as China has contributed to the growth of the global market