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‘Low Carbon Economy’ is a dynamic trend turning infectious across several sectors including automotive. Followed by an era of being examined as fringe technology, electric vehicles market owing to its implication as an alternative fuel transport, low-emission, rapid technological advancements, and effective interventions from federal bodies is amplifying. As per the evaluation from the International Energy Agency, the extent of electric vehicles running on the road will touch 125 million by 2030, leapfrogging from 3 million units recorded in 2017.[1] Hence, owing to changing consumer’s perception, volatile prices of conventional fuels, and tax rebates by government to uplift ecological concerns, the electric vehicles market's global volume touched 3.14 million units as of 2018. And, the market demand is estimated to progress with an ample scope of opportunities recorded in the form of a CAGR marked at 28.90% during the forecast period of 2019-2025. Electric Vehicles Market (EVM) O...

Electric vehicle market size is valued at USD 171.35 billion in 2020 and is expected to reach a value of USD 726.14 billion by 2026 at a CAGR of 27.19% during the forecast period 2021-2026. Plug-in Hybrid Electric Vehicles is modern electric propulsion, consisting of electric machines, power electronic converters, electric energy sources such as fuel cells and storage devices, and electronic controllers. The automotive Manufacturers have been driven to supply electric Zero Emission vehicles all over the world due to electric vehicle market trends such as rising demand for low-emission and governments encouragement towards long-range, zero-emission vehicles via subsidies and tax refunds which is estimated to boost the electric vehicle market size. Major players such as Tesla, ford, General motor and others are focused on increase of investment towards EV production. For instance Ford is investing $1 billion in an electric vehicle production facility in Cologne, Germany; this investment ...

 ‘Low Carbon Economy’ is a dynamic trend turning infectious across several sectors including automotive. Followed by an era of being examined as fringe technology, the electric vehicles market owing to its implication as an alternative fuel transport, low-emission, rapid technological advancements, and effective interventions from federal bodies is amplifying. As per the evaluation from the International Energy Agency, the extent of electric vehicles running on the road will touch 125 million by 2030, leapfrogging from 3 million units recorded in 2017.[1] Hence, owing to changing consumer’s perception, volatile prices of conventional fuels, and tax rebates by government to uplift ecological concerns, the electric vehicles market's global volume touched 3.14 million units as of 2018. And, the market demand is estimated to progress with an ample scope of opportunities recorded in the form of a CAGR marked at 28.90% during the forecast period of 2019-2025. Electric Vehicles Market (E...