According to market study conducted by Goldstein Research, “Growing global concerns to curb vehicle emissions and related regulations has spurred the growth of electric vehicles market all across the globe." Further, research, development and deployment (RD&D) and mass production projections are also leading the rapid battery cost decline with increasing energy density which is helping in overcoming the major challenge related to the battery cost. The global electric vehicles market is projected to expand at a CAGR of 14.3% over the forecast period i.e. 2016-2024 owing to strong technological progress, cost reductions and monetary & non-monetary policy support across the globe. Further, the market is expected to reach USD 346.3 billion by the end of 2024.

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Market Segmentation
• By Technology Type
o Hybrid cars
o Plug-in Hybrid Cars
o Battery Electric Vehicles
• By Vehicle Type
o Passenger Cars
o Commercial Vehicles
o Two Wheelers
o Others (ATVs etc.)
• By Geography
o North America (US, Canada) {Market Share (%), Market Size (USD Billion), Sales (Million Units)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Sales (Million Units)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Sales (Million Units)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Sales (Million Units)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Sales (Million Units)}
o Rest of the World{Market Share (%), Market Size (USD Billion), Sales (Million Units)}

“Global Electric Vehicles Market Outlook 2024” contains detailed overview of the global electric vehicles market in terms of market segmentation by technology type and by vehicles type.
Further, for the in-depth analysis, electric vehicles market report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global Electric Vehicles Market Report also provides competitive outlook of some of the major players which includes profiling of companies such as Honda Motor Co., Ltd., Toyota Motor Corporation, Tesla Motors, Inc., Ford Motor Company, Bayerische Motoren Werke AG, General Motors, Daimler AG, Volkswagen AG, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global electric vehicles market trends that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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