Electric Vehicles Market

Transparency Market

Research

Electric Vehicles Market - Global Industry Analysis,

Size, Share, Growth, Trends and Forecast, 2013 – 2019

Published Date

2014-07-04

61 Page Report

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Press Release

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

2019

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Electric Vehicles Market

REPORT DESCRIPTION

Electric Vehicles Market - Global Industry Analysis, Size, Share, Growth, Trends and

Forecast, 2013 – 2019

According to a new market report published by Transparency Market Research “Electric vehicles

(on-road) (hybrid, plug-in, and battery) market – Global Industry Analysis, Size, Share, Growth,

Trends and Forecast, 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 the full Electric Vehicles Market report at

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

The global on-road electric vehicles market has been classified by product types into four...