Electric Vehicles (Ev) Market Analysis, Market Size, Application, Analysis, Regional Outlook, Competitive Strategies and Forecasts, 2014 to 2020

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Hexa Research Inc.

Industry Research,Custom Research & Consulting

Electric Vehicles (EV) Market Analysis, Market Size,

Application Analysis, Regional Outlook, Competitive

Strategies And Forecasts, 2014 To 2020

Industry Insights

The electric vehicles (EV) market has seen significant development owing to required for

resolving future energy resources. This market is rising and becoming integral part of the

automotive industry. It represents a way to achieve energy efficiency coupled with decreasing

release of pollutants and few other greenhouse gases.

Increasing concerns related to environment along with the positive initiatives taken by

government are some of the main reasons driving the market development Increasing

competition and energy cost amongst rising energy effectiveness in technologies is also

anticipated to fuel the market growth. China-owned BYD and Google’s Recharge IT program

have invested a lot in green car technologies.

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Hexa Research Inc.

Industry Research,Custom Research & Consulting

Buying an electric automobile remains a big judgment for many customers with considerations

such as falls caused by stray power cords and safety concerns regarding any electrical hazards. A

high initial investment for buying vehicle is restricting driving range and be deficient of vehiclerecharging facility in public places is anticipated to hinder the electric vehicles market. For

utilities, automobile development presents restrains peak load impacts of uncontrolled charging

such as high cost of infrastructure, which may hinder EV market growth.

Advancement in technology with respect to batteries have durability and higher efficiency

coupled with advance features which may provide best opportunities for growth of market.

Increasing adoption is also projected to offer opportunities for auto manufacturers, utility

providers, and...