Global Electric Vehicles (EV) Markets, 2020-2021 & 2027: Analysis & Forecasts by Passenger Vehicles, LCVs, HCVs, Two-wheelers, e-Scooters & Bikes - ResearchAndMarkets.com
The increasing adoption of electric mobility in emerging economies and growing adoption of autonomous driving vehicles also aid in the growth of this market.\nBased on vehicle type, the light commercial vehicles segment is expected to grow at the highest CAGR during the forecast period.
- The increasing adoption of electric mobility in emerging economies and growing adoption of autonomous driving vehicles also aid in the growth of this market.\nBased on vehicle type, the light commercial vehicles segment is expected to grow at the highest CAGR during the forecast period.
- This segment\'s rapid growth is mainly attributed to the growing awareness regarding the role of electric vehicles in reducing emissions, increase in demand for electric vehicles to reduce fleet emissions, and stringent government rules and regulations towards vehicle emissions.\nBased on propulsion type, the fuel cell electric vehicles (FCEVs) segment is expected to grow at the highest CAGR during the forecast period.
- The rapid growth of this segment is mainly attributed to the increasing adoption of electric buses and trucks, mainly for public transportation and freight service applications.\nBased on end use, the commercial use segment is expected to grow at the highest CAGR during the forecast period.
- The rapid growth of this segment is mainly attributed to the increase in fuel prices and stringent emission norms set by governments, growing adoption of autonomous delivery vehicles, and increasing adoption of electric buses and trucks.\nGeographically, the European electric vehicles market is expected to grow at the fastest CAGR during the forecast period.\n'