Scope of the Study
A zero-emissions vehicle is that type of vehicle that does not emit exhaust gas from the onboard power source. Various advantages of using zero-emission vehicles such as reduce primary oil consumption in transportation, reduce pollution in cities, facilitate customer adoption of electric and clean energy vehicles, among others. In recent years, there has been significant growth in electric vehicles. For instance, according to the International Council on Clean Transportation, The United States had the highest sales of electric vehicles in any country with more than 100,000 sales in 2014. Moreover, it is also found that more than 30,000 electric vehicle sales in 2014, Japan is one of the pioneers in growth in electric vehicles. Hence, the rising adoption of electric vehicle in both developed and developing countries are projected to drive the global zero-emission vehicle market over the forecast period.
The market study is being classified and major geographies with country level break-up.
Hyundai (South Korea), BMW (Germany), Chevrolet (United States), Toyota (Japan), Nissan (Japan), Volkswagen (Germany), Tesla (United States), BYD Auto Co., Ltd. (China), Kia Motors Corporation (South Korea) and Fiat (Italy) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Honda Motor Company, Ltd. (Japan), Mercedes-Benz (Germany), Zero Pollution Motors (United States), Mitsubishi Motors Corporation (Japan) and Isuzu (Japan).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Zero Emission Vehicle market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Zero Emission Vehicle market by Type, Application and Region.
On the basis of geography, the market of Zero Emission Vehicle has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Demand for Emission Free Commercial Vehicles
- Mounting Adoption of Electric Vehicles in the Logistics Industry
- The Number of Vehicles in Developing Countries is Rising
- Latest Trend of this Market is The Electric Commercial Vehicles are Gaining Popularity
- Issue related to High Development Cost
- Increasing awareness regarding Environmental Concern in Terms of Rising Carbon Footprint
- Growing Demand from Emerging Economies, including China, India, among others
- In Electric Cars, Limited Battery Capacity as well as Lack of Charging Infrastructure
In October 2019, the Toyota and Suzuki Company has planned to launch of battery EVs in India. Hence, this launch will affect the growth of market in future.
Key Target AudienceZero-Emission Vehicles Manufacture, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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