iCrowd Newswire
29 Sep 2022, 10:02 GMT+10
The latest publication titled Electric Vehicles (EV) – Thematic Research by GlobalData Plc has evaluated the electric vehicles market to rise by over 15.5 million units by 2025. The report further predicts the market to grow to 24.1 million annual units by 2028 while occupying a 22.5% share of the total light vehicle production. This percentage will continue to grow into the 2030s when EVs will ultimately account for most light vehicle production.
Request for a Sample PDF to know more about each trend in detail! Electric Vehicle Value Chain Components In this value chain, traditional auto suppliers must rapidly retool and gather new product knowledge to serve this new category of vehicle or risk losing market share as EVs become more prevalent. New players will also seek to jump into the mix-many from adjacent tech fields-tempted by the promise of big rewards for supplying key components to the brace of new electric vehicle projects that will launch in the coming years. The main value chain components are:
To understand each value chain component in detail, Fetch Sample Report Right Here! Electric Vehicle Market Vendor Landscape For established players, we expect stress and strain on their bottom lines as the cost of converting vehicle lineups to battery-electric power begins to bite. Startups will also present significant disruption thanks to fielding 'clean sheet' EV designs that do not have to compromise to factor in legacy strategies of repurposing existing ICE-powered platforms. All legacy automakers including Toyota, Volkswagen, Tesla, and GM among others have now launched EV strategies. Notable examples include GM with its Ultium range of batteries and EV components that will begin to trickle down through the range from the GMC Hummer EV, BMW's new iX and i4 electric models, and Daimler with its Tesla-baiting EQS and EQE sedans. Top EV Market Players
Get a Sample PDF to know about the product offerings of each contributing vendor Related Reports: Electric Vehicles Market Size, Share and Trend Analysis by Sales, Charging Infrastructure, Policies, Incentives, Key Countries, and Forecast, 2020-2030 Autonomous Vehicles Market and Trend Analysis by Technology, Key Player, and Forecast, 2021-2036 About GlobalData GlobalData is a leading provider of data, analytics, and insights on the world's largest industries. As a leading information services company, thousands of clients rely on GlobalData for trusted, timely, and actionable intelligence. Our mission is to help our clientele ranging from professionals within corporations, financial institutions, professional services, and government agencies to decode the future and profit from faster, more informed decisions. Continuously enriching 50+ terabytes of unique data and leveraging the collective expertise of over 2,000 in-house industry analysts, data scientists, and journalists, as well as a global community of industry professionals, we aim to provide decision-makers with timely, actionable insights. Media Contacts: Mark Jephcott Head of PR EMEA [email protected] cc: [email protected] +44 (0)207 936 6400
Tags: EV market size, EV Market Growth, EV market share, Electric Vehicle Market Outlook, Electric Vehicle Industry Analysis, Electric Vehicle market Analysis, Electric Vehicle Market
See Campaign: https://www.globaldata.com/store/report/ev-theme-analysis/Tags:PR-Wirein, Financial Content, Menafn, Extended Distribution, iCN Internal Distribution, Research Newswire, English
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