According to a new market research report published by Credence Research “New Energy Vehicles (NEVs) Market (By Energy Type– Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs) and Fuel Cell Electric Vehicles (FCEVs); By Vehicle Type: Passenger Cars, Buses, Industrial Vehicles, Scooters and Others) – Growth, Future Prospects, Competitive Analysis and Forecast 2017 – 2025”, China is playing a crucial role in driving the overall NEV market.
The purpose of the report is to illustrate the state of the market of New Energy Vehicles, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
Browse here for full report: https://www.credenceresearch.com/report/new-energy-vehicles-market
With rising dependence on oil and environmental hazards of running countless conventional vehicles, there has been a growing need to shift to new and alternative fuel sources for general commute in several countries. Factors such as rising pollution in some of the major cities especially in countries including China and India have led to growing investments towards new energy vehicles in the recent years. In addition, favorable government initiatives and policies have led to the increasing production of these vehicles leading to a reduction in production costs and availability. Furthermore, strategic steps towards providing sustainable infrastructure to run new energy vehicles in regions including North America, Europe and Asia Pacific have led to the growing adoption electric vehicles.
The global new energy vehicles (NEV) market is fairly consolidated with few of the leading providers of all electric vehicles attributing to major share of the overall NEV market globally. Some of the leading NEV companies included Renault-Nissan Alliance, Mitsubishi Motors Corporation, General Motors Company, Toyota Motor Corporation, Ford Motor Company, BMW Group, Zhejiang Geely Holding Group Co., Ltd., BAIC Motor Corporation, LTD., Volkswagen Group, BYD Auto Co., Ltd., Tesla, Inc., SAIC Motor Corporation Limited, China Anhui Jianghuai Automobile Co., Ltd. (JAC Motors), Motrec International, Inc., Taylor-Dunn Manufacturing Company, Karrior EV and Bradshaw Electric Vehicles. However, with the growing entrance of existing traditional car manufacturers into the NEV segment, the competition is expected to rapidly intensify during the forecast period from 2017 to 2025.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global New Energy Vehicles buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of New Energy Vehicles contains:
Analysis and forecast of New Energy Vehicles market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the New Energy Vehicles market;
Assessment and forecast of New Energy Vehicles market development;
Financial and business profiles of the leading companies in the New Energy Vehicles industry.
– Up to date working New Energy Vehicles data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed New Energy Vehicles for the period 2018 to 2026
– Planned New Energy Vehicles additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new New Energy Vehicles projects by region, key countries, and companies
– Details of major planned New Energy Vehicles projects in the world up to 2026
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