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Global New Energy Vehicle Market Insight 2022-01-26 Comments

Global New Energy Vehicle Market has witnessed growing treads over the five years. According to the World Knowledge Information (WKI)Global New Energy Vehicle Market Report 2021, Forecast to 2026. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 15.5% base on WKI regression analysis model.
Analysts’ Viewpoint:
“With the sharp increase in sales of new energy vehicles and the need for replacement of old vehicles, governments in different countries have vigorously sponsored their own new energy firms,Providing subsidies for new energy vehicles to make the sales price of new energy vehicles lower and the new energy vehicle industry has ushered in unprecedented opportunities,the market growth rate of new energy vehicle is very rapid”said Wikky, Senior analyst, Global New Energy Market Research Center in WKI. However, when new energy vehicle market participants are pursuing market share, they also need to consider safety and versatility to adapt to the rapid development of the market.
Market Insight:
According to WKI Global new energy vehicle Market Research Report:Electreon Wireless Ltd., a start-up from Israel, is moving forward with the testing of its electric roads, focusing on roads with dense public traffic and crowds to achieve charging without parking. Germany has released an economic recovery plan at the amount of EUR 130 billion, and introduced a new policy requiring that charging piles must be installed in all gas stations to eliminate potential electric vehicle users’anxiety about endurance mileage.Under such circumstances,as the technical barriers of charging technology and batteries are gradually overcome, sales of new energy vehicles will rise again.
Competition Landscape:
The global new energy vehicle industry is divided according to enterprise,the major companies profiles in the new energy vehicle market share include General Motors ,Tesla and Volkswagen etc.And there are more and more companies that cross-border production of new energy vehicles, such as Evergrande, GREE, etc.So the competition in the new energy vehicle market is very fierce.
Segmentation of New Energy Vehicle Market:
The global new energy vehicle market is segmented on the basis of actuation system. By actuation system, it is divided into PHEV and BEV. Plug-in hybrid electric vehicles (PHEVs) are similar to conventional hybrids in that they have both an electric motor and internal combustion engine, except PHEV batteries can be charged by plugging into an outlet.Battery electric vehicles run exclusively on electricity via on-board batteries that are charged by plugging into an outlet or charging station.Though there are many other BEVs on the market. These vehicles have no gasoline engine, longer electric driving ranges compared to PHEVs, and never produce tailpipe emissions.
New Energy Vehicle Market: Regional Analysis
In terms of geography, the Global new energy vehicle market has been segmented into: North America, Asia-Pacific, Europe, South America, and the Middle East and Africa. North America is estimated to be the largest New Energy Vehicle market and Asia-Pacific is projected to grow at the fastest CAGR during the forecast period. This growth can be attributed to the improving socio-economic conditions in emerging economies such as China and India. The increase in per capita disposable income in these countries has resulted in an increased New Energy vehicle production and sales. With the economic rise of Asian developing countries, the sales of new energy vehicles will have a substantial increase.
Cagr: 15.5%
Largest share area:American
Largest share country:USA