Electric vehicle are manufactured in all major vehicle classes such as two wheelers, three-wheelers, small cars and LMVs. Based on the top speed/acceleration, electric vehicles are categorized as full performance battery electric vehicle, city electric vehicle and neighborhood electric vehicle.

1. Electric Vehicles Market - Global Industry
Analysis and Forecast to 2020
Persistence Market Research
Electric Vehicles Market - Global Industry
Analysis and Forecast to 2020
Persistence Market Research 1

2. Electric Vehicles Market - Global Industry
Analysis and Forecast to 2020
Persistence Market Research Released New Market Report on “Electric Vehicles Market - Global
Industry Analysis and Forecast to 2020”.
Electric vehicles are powered by electric motors, which uses energy from rechargeable batteries. Electric
vehicle are more user and environmental friendly as compared with gasoline based vehicles. These
vehicles do not produce any tailpipe emissions, reduces dependency on oil and are cheaper to operate.
Based on their power source, there are three types of electric vehicles: directly powered from an external
power station, powered by stored electricity originally from an external power source and powered by an
on-board electrical generator. Electric vehicles are very popular in low power and low range applications
such as milt floats and golf buggies. However this technology is still in nascent stage for mainstream
transportation, especially in developing countries. In recent years the electric vehicles segment has
attracted the attentions of consumers as well as governments. According to a report by Electric Vehicle
Initiative (EVI) and International Energy Agency (IEA), global electric vehicle sales became two folds
between the year 2011 and 2012 and this growth is expected to be higher in coming years.
Browse the full “Electric Vehicles Market - Global Industry Analysis and Forecast to 2020” report at
http://www.persistencemarketresearch.com/market-research/electric-vehicles-market.asp
Electric vehicle are manufactured in all major vehicle classes such as two wheelers, three-wheelers, small
cars and LMVs. Based on the top speed/acceleration, electric vehicles are categorized as full
performance battery electric vehicle, city electric vehicle and neighborhood electric vehicle.
On the basis of technology, electric vehicle can be broadly categorised under hybrid electric vehicle, plug-
in hybrid electric vehicle and battery electric vehicle. Hybrid electric vehicle market holds majority of the
market share whereas plug-in electric vehicle is expected to witness highest growth rate in coming years.
Plug-in hybrid electric vehicles use both electricity and fossil fuels as power sources and have a price
range comparable to fossil fuel power-driven vehicles. Electric vehicles make carbon emissions savings
as they are more competent than their carbon-fuelled counterparts and the electricity they run on, can be
produced from low-carbon foundation.
North America is the largest market for electric vehicle followed by Europe and Asia Pacific. The U.S. is
the largest market in North America where as France accounts for highest number of electric vehicle in
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3. Electric Vehicles Market - Global Industry
Analysis and Forecast to 2020
Europe. China is leading market for electric vehicle In Asia Pacific closely followed by Japan. The growth
rate for electric vehicle is expected in double digit in Asia Pacific during the forecasted period.
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Major drivers for electric vehicles (EV) includes governmental support in the form of subsidies,
infrastructure funding and concessions such as free parking; increasing fossils fuel prices; development of
more efficient and less costly batteries; increasing trend towards sustainable developments and low
operating cost of electric vehicles. High purchasing cost, limited driving range, safety and reliability issue
with electric vehicles and long recharging time are some of the major challenges for the electric vehicle
industry.
Some of the major players in electric vehicles market are Tesla Motors, Inc., NISSAN Motors Company,
General Motors, Mitsubishi Motors Corporation, Volkswagen, Renault S.A., Daimler AG and Smith Electric
Vehicle.
Key points covered in the report:-
1. Report segments the market on the basis of types, application, products, technology, etc (as
applicable)
2. The report covers geographic segmentation
• North America
• Europe
• Asia
• RoW
3. The report provides the market size and forecast for the different segments and geographies for
the period of 2010 to 2020
4. The report provides company profiles of some of the leading companies operating in the market
5. The report also provides porters five forces analysis of the market.
Browse the full “All Upcoming Persistence Market's ” report at
http://www.persistencemarketresearch.com/forthcoming-reports.asp
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4. Electric Vehicles Market - Global Industry
Analysis and Forecast to 2020
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