The Asia-Pacific (APAC) region dominated the global electric vehicles battery market by value and accounted for a share of 76.5%
A battery electric vehicle (BEV), or all-electric vehicle is a type of electric vehicle (EV) that uses chemical energy stored in rechargeable battery packs. BEVs use electric motors and motor controllers instead of internal combustion engines (ICEs) for propulsion. They derive all power from battery packs and thus have no internal combustion engine, fuel cell, or fuel tank. BEVs include – but are not limited to – motorcycles, bicycles, scooters, skateboards, rail cars, watercraft, forklifts, buses, trucks, and cars.
Growing Awareness about vehicle emission reduction, government support, technical advancement, and low cost are the main factors contributing to the growth of the market. As one of the linchpins of the EV industry, battery technology has been the focus of sustained innovation. Initiatives to develop low- cost, fast charging battery technologies that support long-range use looked set to yield promising results. The Asia-Pacific (APAC) region dominated the global electric vehicles battery market by value and accounted for a share of 76.5%. The APAC automotive electric vehicles battery market is majorly dominated by the South Asian countries comprising of some of the biggest automotive producers in the world.
Global Battery Electric Vehicles Market Professional Survey Report 2019 is a professional and in-depth study and available exclusively through Trusted Business Insights. Annual estimates and forecasts are provided for the period 2018 through 2025. Also, a five-year historic analysis is provided for these markets in this 109 pages report.
This market report provides in-depth analytics of the Battery Electric Vehicles industry including definition, classification, application and industry chain structure. The report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share, and contact information.
Battery Electric Vehicles market report includes an in-depth analysis of the competitive landscape of this business vertical, constituting companies like:
Products Segmentation, this report displays the production, revenue, price, market share, and growth rate of each type as below:
Battery Electric Vehicle (BEV)
Plug-in Hybrid Electric Vehicle (PHEV)
By Industrial Application, the market can be split into:
Market Segment by Regions includes:
- North America (the USA, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America
- Middle East and Africa.