Skip to main content

Eco-friendly Vehicles with Low Maintenance Cost Boosting the battery Electric Vehicle Market

Overtaking digitalization and connectivity, the battery electric vehicles market continues to witness significant growth compared to the growth of conventional vehicles market. Equipped with relatively low center of gravity, the battery electrical vehicles have a comparatively low chances of rolling over. The battery electric vehicles are not integrated with equipment including radiators, starter motors, fuel injection system, and expensive exhaust system. As these battery operated vehicles mainly operate on strong rotors, the maintenance cost for these vehicles are relatively low.
Surge in demand for vehicles with eco-friendly features in the transportation industry has led to an upsurge in demand for battery electric vehicle globally. Increasing demand for relatively low maintenance cost of vehicles is projected to impact growth of the global battery electric vehicle market significantly in the upcoming years. A recently compiled report by Fact.MR reveals that the global market of battery electric vehicle is projected to reflect an impressive CAGR of 13.6% through 2022.

While the overall outlook on growth of the global market remains positive, fast deterioration of the battery, and long duration for recharging the battery will continue to pose significant challenges to the customers. As these vehicles only allow commuting in short distances, demand for battery electric vehicle is likely to dip in the global market.
Eco-friendly Vehicles with Low Maintenance Cost
Battery electric vehicles market will witness the benefits of increasing government support for clean energy and environment. This has further prompted battery electric vehicles market players to continue using green materials for production including old parts of vehicles, plastic bags, second hand home appliances, and recycled water bottles.
Browse Full report with TOC:
https://www.factmr.com/report/271/battery-electric-vehicle-market
Parallel Hybrid to Represent a Leading Segment
Changing consumer perspective towards the battery electric vehicles has led to surge in demand for vehicles with stored electricity. The stored electricity segment among other power sources is expected to represent a value of over US$ 44,000 Mn by the end of 2022. This segment is expected register the highest CAGR in the global battery electric vehicles market throughout 2022.
Parallel hybrid as compared to the other types of powertrain is expected to witness the highest revenue growth in the global battery electric vehicles market. The parallel hybrid segment is expected to represent a value of over US$ 21,000 Mn by the end of 2017. However, combined hybrid is expected to register the highest CAGR in the global battery electric vehicles market throughout 2022.

Competitive Tracking
Leading players operating in the battery electric vehicles market include Bayerische Motoren Werke AG, Daimler AG, Ford Motor Company, General Motors, Honda Motor Company, Limited, Mitsubishi Heavy Industries Ltd, Nissan Motor Corporation, Limited, Renault SA, Tesla Motors, Inc., Toyota Motor Corporation, and Volkswagen AG.


Comments

Post a Comment

Popular posts from this blog

Railcars Leasing Market Inclined to Project Higher Revenue Share during the Stated Forecast Period, 2017-2022

The purpose of this comprehensive forecast report presented by Fact.MR is to elaborate the various market projections impacting the global railcar leasing market during the period through 2017-2022. This assessment delivers high-end statistics concerning market size, growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about market growth trends along with upcoming opportunities that are expected to reshape the overall structure of the railcar leasing market during the forecast period. Request for a Free Sample Report of Concerned Market - https://www.factmr.com/connectus/sample?flag=S&rep_id=264 As technology and innovation are transforming the definition of transportation, the patterns of commerce and trade have changed on the similar lines with this transformation. With emergence of technology, commuting has become comparatively reliant, efficient, faster, and cheaper. Several industri...
Post a Comment
Read more

Lavatory Service Vehicles Market Analysis Highlighting Opportunities and Development Status during 2018 to 2028

As per the current market trends and the promising nature of the lavatory service vehicles market, it can be estimated that the future holds positive outcomes. In order to provide a deep insight about the concerned market, FACT.MR would be publishing a resourceful analysis that will enclose knowledge about the lavatory service vehicles market size , revenue and opportunity status. Readers will be offered the privilege to decode various facets of the market during 2018-2028, together with the active access to secondary and primary research methodology. Furthermore, various segments of the market associated to product, application, end-user etc., would also be present in this intelligent research report. Report Sample Request for Concerned Market - https://www.factmr.com/connectus/sample?flag=S&rep_id=1912 The U.S. Environment Protection Agency (EPA) has published documents to set Guidelines on Airport Emissions and Emission Reductions, which is encouraging airports to put eff...
Post a Comment
Read more

Auto Infotainment Market: Asia Pacific Excluding Japan (APEJ) to Reflect High Potential

Continuous innovations driven by electronics are being observed in the automotive industry. High tech electronics offer passengers as well as drivers with various systems within the vehicle, for instance, in-car navigation system. In addition, all information and entertainment can be delivered through wireless technology making it convenient for the vehicle occupant. Today’s consumer is more focused on auto infotainment technology incorporated in a car’s dashboard rather than the components present under its hood. Credited to super semiconductor growth, microelectronics has enhanced auto infotainment systems, by improving their functionality and output. Request a PDF sample of the report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=584 Auto infotainment is the ongoing megatrend that is gaining traction in modern vehicles that is fuelling the ubiquity of microelectronics. Consumers are more eager to get connected and access their content at any point in time and at an...
Post a Comment
Read more