Press Release

Visiongain Ltd.

Electric Vehicle Market Report Up to 2031

December 8th, 2021 12:00 AM

Visiongain has published a new report on Electric Vehicle Market Report to 2031: Forecasts by Component (On-board Charge, Battery Cells and Packs, Electric Motor and Infotainment), by Propulsion Type (Fuel-cell Electric Vehicle, Battery Electric Vehicle, Hybrid Electric Vehicle and Plug-in Hybrid Electric Vehicle), by Vehicle Type (Commercial Vehicle, Passenger Car and Two Wheelers), by Vehicle Class (Luxury and Mid-priced), by charging Station Type (Normal Charging and Super Charging) and by Power Output (Less than 100kW, 100-250Kw and Above 250 KW) PLUS Profiles of Leading Electric Vehicle type Manufacturing Companies and Regional and Leading National Market Analysis. PLUS, COVID-19 Recovery Scenarios.

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Growing demand of safety and easy commute, government regulations and subsidies and initiative to develop charging stations will open the doors for electric vehicle market to expand.

COVID-19 Impact on Electric Vehicle type Market

As Covid-19 has caused a lot of damage in various industries, it has brought electric vehicle industry to a halt too by causing vehicle production, supply disruptions, research and development and product innovation. Restrictions due to pandemic caused market to see downfall but expect to balance and upsurge during first quarter of 2021.

Market Drivers

Favorable government policies and subsidies for electric vehicle consumers in various countries have formulated stringent norms for C02 emission reduction. Government providing subsidies and incentives for electric vehicles that has increase the sales of electric vehicle. Automakers are making heavy investments in electric vehicle markets. A different segment is offered by OEMs for EVs ranging from small hatchbacks such as Nissan leaf to high-end Sedans like Tesla model 3. Government taking initiatives to deploy the GCG in air causing air pollution, showing concern towards the environmental conditions

Market Opportunities

Use of vehicle-to-grid charging stations where there is direct flow of electricity between plug-in EV and grid. This technology stores the unused power and improves the electrical component performance and enhances the value of it. Other huge opportunity in the market is use of solar panels for EV charging. Use of renewable energy for EV charging is new goal for automakers to compete in the market. Due to easier installation of panels and lower cost, it is easier way for house owners and commercial residential people.

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How the Electric Vehicle Market report helps you
In summary, our 500+ page report provides you with the following knowledge:

  • Revenue forecasts to 2031 for Electric Vehicle Market, with forecasts for Vehicle type, propulsion type, vehicle class, component, charging station type and, power output, each forecasted at a global and regional level- discover the industry’s prospects, finding the most lucrative places for investments and revenues.
  • Revenue forecasts to 2031 for 3 regional and 17 key national markets – See forecasts for the Electric Vehicle market in North America, Europe and Asia-Pacific. Also forecasted is the market in the US, Canada, Germany, France, UK, Switzerland, Denmark, Netherlands, Sweden, Spain, China, India, Norway, Japan, South Korea, Thailand and Austria among other prominent economies.
  • Prospects for established firms and those seeking to enter the market- including company profiles for 10 of the major companies involved in the Electric Vehicle Market.

Competitive Landscape

The global Electric Scooter and Electric Motorcycle type market is dominated by big players such as Tesla, BYD, BMW, Volkswagen, Nissan, Toyota, Ford, Volvo, Daimler, and Hyundai. These companies have secured their position in the market to offer wide range of advanced assistance systems. The key strategies adopted by these companies is to sustain their market position are new technology, new product development, Contract agreement and Collaborations.

Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with this invaluable business intelligence.

To access the data contained in this document please email

Information found nowhere else
With our newly report title, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain’s study is for everybody needing commercial analyses for the Electric Vehicle Market and leading companies. You will find data, trends and predictions.

Find more research reports on the Auto Electric Vehicle Sector; please click on the following links:

Do you have any custom requirements we can help you with? Any need for a specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help:

About Visiongain

Visiongain is one of the fastest growing and most innovative, independent, market intelligence around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports cover a 10-year forecast, are hundreds of pages long, with in depth market analysis and valuable competitive intelligence data. Visiongain works across a range of vertical markets, which currently can influence one another, these markets include automotive, aviation, chemicals, cyber, defense, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our customized and syndicated market research reports mean that you can have a bespoke piece of market intelligence customized to your very own business needs.


Catherine Walker
PR at Visiongain Inc.
Tel: + 44 0207 336 6100
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SOURCE Visiongain Limited.

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