The Chinese government has announced several programs to promote the development of EV in China. Some of the major initiatives covered include development plan for fuel-efficient and new energy vehicles (2011-2020), ten cities, one thousand vehicles program and research and development support policies.
The article cited AMA's "Global Electric Vehicles Market Study" explored substantial growth of 32.52%. According to the report, Advancement In Electric Car Range By Providing Dynamo And Other Recharging Components
is one of the primary growth factors for the market. Increasing Production And Sales Of Automobiles
is also expected to contribute significantly to the Electric Vehicles market. Overall, Passenger Car
applications of Electric Vehicles, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Charging Infrastructure Type, such as Normal Charge, is boosting the Electric Vehicles market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Installation Type, such as Commercial, is boosting the Electric Vehicles market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Motor Type, such as AC Motor, is boosting the Electric Vehicles market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Charging Stations Type, such as Normal Charging, is boosting the Electric Vehicles market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Future Technology, such as Battery Cost, is boosting the Electric Vehicles market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Power Output Type, such as Level 1, is boosting the Electric Vehicles market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Electric Vehicles market identified that the demand is rising in many different parts of the world as "Rapid Depletion of Non-Renewable Sources of Energy like Petrol and Diesel Shifting the Focus towards Hybrid Vehicles
".
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Electric Vehicles market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Electric Vehicles market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Electric Vehicles market size is calculated using market estimation process, the Electric Vehicles market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Electric Vehicles market size has been validated using both top-down and bottom-up approaches.