+1-888-308-5802     
News Contact Us

BEV (Battery Electric Vehicles) Market for Heavy-duty Vehicles segment Size to grow at over 9% CAGR To 2025

Author : Ronak Bora | Published Date : 2019-04-17 

Global Market Insights, Inc. newly added the BEV (Battery Electric Vehicles) Market Report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, and forecast in the coming years.

The rising demand for electric heavy-duty trucks is attributed to the benefits offered including higher efficiency, lower maintenance costs, and the availability of superior power and torque. Industry players are engaged in developing advanced electric powertrain for improving the electric truck performance in diversified operating conditions.

Request For Sample Copy Of This Report @ https://www.gminsights.com/request-sample/detail/3181   

The uptake of battery electric vehicles is largely driven by supporting policy environment. Major economies across the globe are focusing on reducing the dependency on conventional fuels by phasing out diesel and gasoline engine vehicles. These policies are creating favorable environment for consumers to opt for battery electric vehicles. Industry participants are also launching multiple variants of electric vehicles to target a wide customer base, thereby providing a positive outlook for the BEV (battery electric vehicles) market expansion over the study timeframe.

North America BEV (battery electric vehicles) market will account for a considerable share on account of favorable government incentives and tax policies. Additionally, governments across the region are focusing on developing charging infrastructure to support the growing demand for such vehicles. For instance, the government in British Columbia offers discounts and rebates of up to USD 5,000 for battery electric vehicles under its Clean Energy Vehicles for British Columbia Point of Sale Incentive Program.

Improving vehicle engineering capabilities coupled with technical advancements in powertrain systems are propelling for the development of battery electric vehicles systems. The availability of simpler mechanical components, along with lower motor weight contribute significantly towards increasing the overall vehicle efficiency. Provision for charging alternatives at hospitality locations and workplaces will further assist in strengthening the BEV (battery electric vehicles) market penetration.

Make an inquiry before buying this report @ https://www.gminsights.com/inquiry-before-buying/3181   

Growing prevalence of carbon emissions along with rising concerns to reduce dependency on fossil fuels are significantly contributing towards the increasing demand for battery electric vehicles. Regulatory authorities are establishing guidelines for energy security and air quality improvement, offering a positive outlook for green mobility adoption across the globe. Rising disposable income along with requirement for efficient personal mobility solutions are further escalating the BEV (battery electric vehicles) market growth over the projected timeframe.

Improvements in battery technologies, higher driving range, and charging infrastructure are providing a significant boost to BEV (battery electric vehicles) market expansion. Industry players are constantly investing in R&D to diversify and expand their product portfolio to target a wide customer base. Several economies are testing the feasibility of deploying electric buses for felicitating daily transportation to enhance the efficiency and reduce greenhouse gas emissions.

Browse Full Report Summary @ https://www.gminsights.com/industry-analysis/battery-electric-vehicles-bev-market

Few of the key players in the BEV (battery electric vehicles) market include BYD company Ltd., BMW, Daimler AG, Volkswagen AG, Ford Motor Company, Toyota Motor Corporation, Nissan Motor Corporation, Hyundai Motor Company, and Tesla Inc. Industry participants are focusing on introducing a new range of battery electric vehicles for increasing their revenue generation.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

Related News

Space Launch Services Market in Satellite Payload Segment is Excepted to Observe High Growth Rate Over the Coming Years

Published Date: 2019-04-18         Author: Ronak Bora

The Space Launch Services Market report add detailed competitive landscape of the global market. It includes company, market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the industry based on product segment, technology, end user ... Read More

Commercial Aircraft MRO Market Outlook | Drivers, Restraint & Future Growth Analysis by 2024

Published Date: 2019-04-18         Author: Ronak Bora

Global Market Insights, Inc. present the report on Commercial Aircraft MRO Market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for th... Read More

Structured Cabling Market in Software Technologies Will Grow at A CAGR of Over 14% Over 2019 to 2025

Published Date: 2019-04-18         Author: Ronak Bora

The software technologies are expected to witness a high adoption in the structured cabling market and will grow at a CAGR of over 14% over the forecast timespan owing to the rise in demand for effective tools that will help to manage, maintain, and implement the cabling systems in IT environment. T... Read More

© 2019 Fractovia. All Rights Reserved