Global Battery Electric Vehicles Market 2015-2019 with BMW, Daimler, General Motors, Mitsubishi Motors, Nissan Motor, Renault & Tesla Motors Dominating
DUBLIN, Feb .11, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/z4v258/global_battery) has announced the addition of the "Global Battery Electric Vehicles Market 2015-2019" report to their offering.
The Global BEV market to grow at a CAGR of 59.4% over the period 2014-2019.
A battery electric vehicle (BEV) is a vehicle that runs on chemical energy stored in an on-board battery. The on-board battery generates the electricity from nickel metal hydride, lead acid, or lithium-ion battery. It runs on electric motors and motor controllers than on an internal combustion engine.
The growing environmental concern to reduce greenhouse gas emissions, especially carbon dioxide, is one key trend being witnessed in the market. Battery electric vehicles have now become the most viable alternative to ICE-powered automobiles and a solution to the problem of emissions. Governments worldwide are playing an active role in protecting the environment and making efforts to reduce greenhouse gas emissions and offset their carbon footprint.
According to the report, government subsidies and incentives are one of the major drivers of the market. Governments in many countries have extended benefits in the form of financial incentives to the buyers of battery electric vehicles. The amount of these incentives usually depends on the size of the battery.
Further, the report states that the range and performance of battery electric vehicles are the major challenges faced by the market. Battery electric vehicles are typically less powerful and have limited range (60-100 miles per charge) compared to conventional ICE-powered vehicles and, hence, are considered suitable only for short distance travel.
Key Vendors
- BMW
- Daimler
- General Motors
- Mitsubishi Motors
- Nissan Motor
- Renault
- Tesla Motors
Other Prominent Vendors
- BYD Auto
- Chery Automobile
- Fiat
- Ford Motor
- Honda
- Hyundai
- JAC Motors
- Kandi Technologies Group
- Kia Motors
- Mahindra
- Roewe
- Shuanghuan Automobile and Wheego Electric Cars
- Tata
- Toyota
- Véhicules Electriques Pininfarina Bolloré
- Volkswagen
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/z4v258/global_battery
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets
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