Battery Electric Vehicles Market by Latest Trend, Growth, Size, Application & Forecast 2025

Global Market Insights, Inc. adds new battery electric vehicles market report which provides in-depth information about Industry overview, top vendors, Key market highlights, product types, drivers, challenges, trends, industry landscape, size and forecast.
The rising concerns pertaining to vehicular emissions are expected to boost the global battery electric vehicle market over the forthcoming years. In 2018, carbon emissions were at an all-time high, with the automotive industry being a major contributor. Emissions from cars and trucks using fossil fuels continue to grow at an alarming rate in all parts of the world. A common factor among both developed and developing economies on these grounds has been the continuous rise in the use of oil in the transport sector.
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According to the latest forecasts, the level of CO2 in the atmosphere is projected to witness an average rise of 2.75 parts per million over 2019. If the world needs to meet the temperature goals of the Paris agreement, global emissions need to plummet by 2020. Unlike conventional vehicles though, battery powered vehicles don't require fuels and hence don't release much CO2. The growing number of issues related to vehicular emissions paired with the increasing need to reduce the effects of greenhouse gases will thus propel battery electric vehicles market share in the future.
Over the last few years, electric vehicles have nearly gone mainstream, at least in the key global markets. Now having accomplished a small but significant share of the passenger-car market, the EV industry has been eying the public transit sector. Companies are now manufacturing battery-electric buses and selling them to cities interested in reducing their carbon footprint. Major manufacturers active in the electric-bus business comprise Canada-based New Flyer, China's BYD and the US-based startup Proterra.
Recently, Austin became the fifth Texas city to invest in the Proterra battery-electric buses. A complete all-electric fleet is the main goal of the city's transit agency Capital Metro, that purchased 40 buses along with 4 Proterra-charging systems of 60 kilowatts. Through no tailpipe emission, battery electric buses can help the agency meet its sustainability goals efficiently. The increasing adoption of such vehicles for public transportation will further proliferate the global battery electric vehicles market.
Recently, Germany-based Daimler announced the production of Freightliners, the company's heavy-duty battery electric vehicles, from its manufacturing plant in Portland. According to Global Market Insights, the battery electric vehicles market share from heavy-duty vehicles segment will exhibit a CAGR of 9% over 2019-2025. The adoption of battery electric heavy-duty vehicles in a bid to reduce emission from commercial transportation will thus propel the global battery electric vehicles market in the coming years.
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The adoption of battery-operated passenger cars, buses or trucks will be further supported by the imposition of stringent vehicular emission standards across the world. For instance, the European Parliament recently agreed to new CO2 emission standards for newly purchased cars and vans with an objective to witness 37.5% reduction in emission from new cars and 31% lower emissions from new vans by the end of 2030.
Such regulatory initiatives along with the increasing need to prevent the severity of global warming would accelerate the adoption of BEVs in the future. For the record, the global battery electric vehicles market is anticipated to surpass $425 billion by 2025, according to a research report by Global Market Insights, Inc.
Table of Contents (ToC) of the report:
Chapter 3 Battery Electric Vehicles Market Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 - 2025
3.3 Industry ecosystem analysis
3.3.1 Component suppliers
3.3.2 Manufacturers
3.3.3 Profit margin analysis
3.3.4 Distribution channel analysis Dealers End-users
3.3.5 Vendor matrix
3.4 Pricing analysis North America Europe Asia Pacific Latin America Middle East & Africa
3.4.2 Cost structure analysis
3.5 Technology Landscape
3.5.1 Lithium-ion batteries
3.5.2 Na/NiCl2(Zebra) battery (Zebra battery)
3.6 Regulatory landscape
3.6.1 North America U.S.
3.6.2 Europe
3.6.3 Asia Pacific China India
3.6.4 Latin America Mexico
3.6.5 MEA UAE
3.7 Industry impact forces
3.7.1 Growth drivers, by region North America Government initiatives to reduce carbon footprint Europe Presence of multiple automotive OEMs along with investments for technology advancements Asia Pacific Increasing requirement for lower cost and clean mobility & transportation solutions Latin America Presence of Lithium reserves Middle East & Africa Increasing demand for premium electric vehicles
3.7.2 Industry pitfalls & challenges Higher vehicle costs Lower vehicle driving range, higher charging time along with limited charging infrastructure
3.8 Innovation and sustainability
3.8.1 Zinc-air batteries
3.8.2 Solid state batteries
3.9 Industry best practices & key buying criteria
3.9.1 Need Recognition
3.9.2 Information Search
3.9.3 Evaluation of Alternatives
3.9.4 Purchase Decision
3.9.5 Post-Purchase Behavior
3.10 Key insights on technology trends
3.11 Growth potential analysis, 2018
3.12 Porters analysis
3.13 Competitive landscape, 2018
3.13.1 Top player analysis, 2018
3.13.2 Key stakeholders
3.13.3 Strategy dashboard
3.14 PESTEL analysis
Chapter 4 Battery Electric Vehicles Market, By Vehicle
4.1 Global battery electric vehicles market share by vehicle, 2018 & 2025
4.2 Heavy duty vehicle
4.2.1 Market estimates and forecast, 2013 - 2025, (Units) (USD Million)
4.2.2 Market estimates and forecast, by region, 2013 - 2025, (Units) (USD Million)
4.3 Agriculture
4.3.1 Market estimates and forecast, 2013 - 2025, (Units) (USD Million)
4.3.2 Market estimates and forecast, by region, 2013 - 2025, (Units) (USD Million)
4.4 Buses
4.4.1 Market estimates and forecast, 2013 - 2025, (Units) (USD Million)
4.4.2 Market estimates and forecast, by region, 2013 - 2025, (Units) (USD Million)
4.5 Port Vehicles/Container Handling or Transport
4.5.1 Market estimates and forecast, 2013 - 2025, (Units) (USD Million)
4.5.2 Market estimates and forecast, by region, 2013 - 2025, (Units) (USD Million)
4.6 Automotive
4.6.1 Market estimates and forecast, 2013 - 2025, (Units) (USD Million)
4.6.2 Market estimates and forecast, by region, 2013 - 2025, (Units) (USD Million)
4.7 Class 8/Long Haul
4.7.1 Market estimates and forecast, 2013 - 2025, (Units) (USD Million)
4.7.2 Market estimates and forecast, by region, 2013 - 2025, (Units) (USD Million)
4.8 Others
4.8.1 Market estimates and forecast, 2013 - 2025, (Units) (USD Million)
4.8.2 Market estimates and forecast, by region, 2013 - 2025, (Units) (USD Million)
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.