According to a new market research report published by Credence Research “New Energy Vehicles (NEVs) Market - Growth, Future Prospects, Competitive Analysis and Forecast 2017 - 2025”, China is playing a crucial role in driving the overall NEV market.

Browse Full Report at https://www.credenceresearch.com/report/new-energy-vehicles-market

Market Insights

With rising dependence on oil and environmental hazards of running countless conventional vehicles, there has been a growing need to shift to new and alternative fuel sources for general commute in several countries. Factors such as rising pollution in some of the major cities especially in countries including China and India have led to growing investments towards new energy vehicles in the recent years. In addition, favorable government initiatives and policies have led to the increasing production of these vehicles leading to a reduction in production costs and availability. Furthermore, strategic steps towards providing sustainable infrastructure to run new energy vehicles in regions including North America, Europe and Asia Pacific have led to the growing adoption electric vehicles.

Competitive Insights:

The global new energy vehicles (NEV) market is fairly consolidated with few of the leading providers of all electric vehicles attributing to major share of the overall NEV market globally.

Some of the leading NEV companies included Renault-Nissan Alliance, Mitsubishi Motors Corporation, General Motors Company, Toyota Motor Corporation, Ford Motor Company, BMW Group, Zhejiang Geely Holding Group Co., Ltd., BAIC Motor Corporation, LTD., Volkswagen Group, BYD Auto Co., Ltd., Tesla, Inc., SAIC Motor Corporation Limited, China Anhui Jianghuai Automobile Co., Ltd. (JAC Motors), Motrec International, Inc., Taylor-Dunn Manufacturing Company, Karrior EV and Bradshaw Electric Vehicles. However, with the growing entrance of existing traditional car manufacturers into the NEV segment, the competition is expected to rapidly intensify during the forecast period from 2017 to 2025.

Key Trends:

Market primarily driven by positive government initiatives and public awareness
China is expected to continue its dominance in the global NEV market
Fuel cell electric vehicles are expected to witness strong demand in the consumers segment

You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/58428

Report Scope by Segments

By Energy Type

Battery Electric Vehicles (BEVs)
Plug-in Hybrid Electric Vehicles (PHEVs)
Fuel Cell Electric Vehicles (FCEVs)

By Vehicle Type

Passenger Cars
Buses
Industrial Vehicles
Scooters

Others (Low-velocity Golf Carts, Personal Mobility Vehicles, Neighborhood Cars etc.)
By Geography Segment

North America (U.S., Rest of North America)
Europe (U.K., Germany, France, Rest of Europe)
Asia Pacific (China, Japan, India, Rest of Asia Pacific)
Rest of the World (Middle East & Africa, Latin America)