Battery electric vehicle

The Electric Truck Market Is Poised To Achieve Remarkable Growth At A CAGR Of More Than 49% - By The Business Research Company

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Friday, September 15, 2023
BYD Company, Power Distribution Services Ghana, Augmented reality, Field service management, Food miles, Hybrid electric vehicle, Research, Attention, Volkswagen Group, Volvo, Battery electric vehicle, Traction, Growth, Transport, Fuel, AR, Renewable energy, Rail transport

LONDON, Sept. 15, 2023 /PRNewswire/ -- As per The Business Research Company's Electric Truck Global Market Report 2023, the electric truck market is on an electrifying trajectory, with impressive growth figures that are reshaping the transportation landscape. In 2023, the market size is set to surge to $2.72 billion from $1.85 billion in 2022, reflecting an astonishing compound annual growth rate (CAGR) of 47.5%. Projections indicate that the electric truck market is poised to achieve remarkable heights, with an estimated size of $13.63 billion by 2027, boasting a compelling CAGR of 49.6%. Several factors are steering this growth.

Key Points: 
  • LONDON, Sept. 15, 2023 /PRNewswire/ -- As per The Business Research Company's Electric Truck Global Market Report 2023, the electric truck market is on an electrifying trajectory, with impressive growth figures that are reshaping the transportation landscape.
  • Projections indicate that the electric truck market is poised to achieve remarkable heights, with an estimated size of $13.63 billion by 2027, boasting a compelling CAGR of 49.6%.
  • BYD Company Ltd. emerged as the largest competitor with a 15.58% electric truck market share, followed by AB Volvo, Volkswagen AG, and others.
  • Asia Pacific led the electric truck market in 2022, commanding 87.0% of the total market, followed by North America and other regions.

The Electric Truck Market Is Poised To Achieve Remarkable Growth At A CAGR Of More Than 49% - By The Business Research Company

Retrieved on: 
Friday, September 15, 2023
BYD Company, Power Distribution Services Ghana, Augmented reality, Field service management, Food miles, Hybrid electric vehicle, Research, Attention, Volkswagen Group, Volvo, Battery electric vehicle, Traction, Growth, Transport, Fuel, AR, Renewable energy, Rail transport

LONDON, Sept. 15, 2023 /PRNewswire/ -- As per The Business Research Company's Electric Truck Global Market Report 2023, the electric truck market is on an electrifying trajectory, with impressive growth figures that are reshaping the transportation landscape. In 2023, the market size is set to surge to $2.72 billion from $1.85 billion in 2022, reflecting an astonishing compound annual growth rate (CAGR) of 47.5%. Projections indicate that the electric truck market is poised to achieve remarkable heights, with an estimated size of $13.63 billion by 2027, boasting a compelling CAGR of 49.6%. Several factors are steering this growth.

Key Points: 
  • LONDON, Sept. 15, 2023 /PRNewswire/ -- As per The Business Research Company's Electric Truck Global Market Report 2023, the electric truck market is on an electrifying trajectory, with impressive growth figures that are reshaping the transportation landscape.
  • Projections indicate that the electric truck market is poised to achieve remarkable heights, with an estimated size of $13.63 billion by 2027, boasting a compelling CAGR of 49.6%.
  • BYD Company Ltd. emerged as the largest competitor with a 15.58% electric truck market share, followed by AB Volvo, Volkswagen AG, and others.
  • Asia Pacific led the electric truck market in 2022, commanding 87.0% of the total market, followed by North America and other regions.

Global Luxury Electric Vehicles Market Valued at $173.68 Billion in 2022, Expected to Reach $559.44 Billion in 2030 - ResearchAndMarkets.com

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Tuesday, September 12, 2023
Retail, Luxury, EV, Electric Vehicles, Automotive, Momentum, Maintenance, Bev, Battery electric vehicle, Carbon, USD, EVS, Compound annual growth rate, BMW, Tesla, Safety, Renewable energy, Audi

The "Luxury Electric Vehicles Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Luxury Electric Vehicles Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030" report has been added to ResearchAndMarkets.com's offering.
  • The global luxury electric vehicles market is set to experience robust expansion, projecting a remarkable Compound Annual Growth Rate (CAGR) of 16.25% from 2021 to 2030.
  • This surge is fueled by the convergence of elegance, innovation, and environmental responsibility, positioning luxury electric vehicles (EVs) as a desirable choice among premium automobile enthusiasts.
  • High-cost maintenance of advanced components in luxury EVs, such as battery systems and regenerative braking systems, can restrain market growth.

Asia Pacific Leads the Global Battery Electric Vehicle (BEV) Market in 2022, with North America Poised for Rapid Growth in the Coming Years

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Monday, September 11, 2023
Urbanization, Bus, EV, Life, Battery electric vehicle, COVID-19, BYD, BMW, USD, Government, BEV, Compound annual growth rate, Traction, Investment, Mercedes-Benz Group, Tesla, Transport, Vans

Battery Electric Vehicles, powered by rechargeable battery packs, are gaining traction due to their eco-friendliness, lower operating costs, and government incentives.

Key Points: 
  • Battery Electric Vehicles, powered by rechargeable battery packs, are gaining traction due to their eco-friendliness, lower operating costs, and government incentives.
  • Mode: Cars dominate the BEV market in 2022, driven by environmental consciousness, improved battery life, charging infrastructure expansion, and government incentives.
  • Region: Asia Pacific leads the global BEV market in 2022, thanks to proactive governmental policies, urbanization, and the e-commerce sector.
  • Strategic alliances like the North American high-powered charging point initiative by seven automakers are enhancing the BEV infrastructure.

ALUMOBILITY OUTLINES 8 REASONS WHY ALUMINUM IS THE MATERIAL OF THE FUTURE FOR AUTOMAKERS

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Wednesday, September 6, 2023
Acceleration, Weight, Recycling, Bev, SAFETY, AIV, Life, ICE, Overalls, Table tennis rubber, Battery electric vehicle, Temperature, Internal combustion engine, Steel, Carbon, BEV, LESS, Vehicle registration plates of Nepal, Running, Friction, Traction, Corrosion, SUV, AIV fodder, Technical director, Joint, Alloy, Pedestrian, Rail transport, Ceramic, Aluminium

ZURICH, Sept. 6, 2023 /PRNewswire/ -- One of the most important reasons the use of aluminum is rapidly gaining traction in the automotive industry is because aluminum has one-third the density of steel, according to Alumobility's recent white paper: When it Comes to Aluminum, Less is More. When comparing two identical vehicles with equal stiffness and load-carrying capacity-- one made of aluminum, the other of steel--the aluminum vehicle body will be up to 45% lighter, which provides many advantages that will affect the future of the automotive industry.

Key Points: 
  • ICE vehicles manufactured from aluminum have better mileage, consume less fuel and produce less emissions.
  • Because electric vehicle batteries can weigh as much as 2000 pounds, automakers are embracing the lightweighting benefits of aluminum as the market shifts to electrification.
  • Since vehicles are manufactured with 600 kg or less of aluminum for every metric ton of steel, the energy savings of aluminum are noteworthy.
  • As outlined, infinitely recyclable, lightweight aluminum provides clearly defined advantages demonstrating its superiority as the material of the future for mobility.

Luxury Electric Vehicles Global Market to 2030: Government Subsidies and Tax Incentives Create Opportunities

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Monday, September 4, 2023
Momentum, Maintenance, Bev, EV, Battery electric vehicle, Carbon, USD, EVS, Compound annual growth rate, BMW, Tesla, Safety, Renewable energy, Audi

DUBLIN, Sept. 4, 2023 /PRNewswire/ -- The "Luxury Electric Vehicles Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Sept. 4, 2023 /PRNewswire/ -- The "Luxury Electric Vehicles Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030" report has been added to ResearchAndMarkets.com's offering.
  • The global luxury electric vehicles market is set to experience robust expansion, projecting a remarkable Compound Annual Growth Rate (CAGR) of 16.25% from 2021 to 2030.
  • This surge is fueled by the convergence of elegance, innovation, and environmental responsibility, positioning luxury electric vehicles (EVs) as a desirable choice among premium automobile enthusiasts.
  • Government subsidies and tax incentives create opportunities to stimulate the luxury EV market.

Global $230+ Billion Electric Powertrain Market Assessment 2023-2030: Industry Dynamics, Technology Overview, Supply Chain Analysis, Bill of Materials Analysis, Key Player Profiles - ResearchAndMarkets.com

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Tuesday, August 29, 2023
Alternative Vehicles, Fuels, Rail, Transport, Automotive, EV, Electric Vehicles, FCEV, Valeo, Bev, Original equipment manufacturer, CATL, Battery electric vehicle, Hydrogen, Oxygen, Electricity, Continental AG, Research, BYD, USD, Electric vehicle, ID, BEV, EVS, Continental, DC-DC, Volkswagen, BMW, Hyundai, Investment, Originality, Growth, Mitsubishi Electric, Tesla, Hyundai ix35 FCEV, Renewable energy, Automotive industry

In a transformative era of sustainable transportation, the global electric powertrain market is primed for remarkable expansion, scaling from USD 96.7 billion in 2023 to an impressive USD 230.5 billion by 2030.

Key Points: 
  • In a transformative era of sustainable transportation, the global electric powertrain market is primed for remarkable expansion, scaling from USD 96.7 billion in 2023 to an impressive USD 230.5 billion by 2030.
  • This surge finds its impetus in the growing realization among consumers and enterprises about the multifaceted advantages of electric vehicles (EVs).
  • A pivotal role in this shift belongs to Battery Electric Vehicles (BEVs), projected to seize a substantial market share in the times to come.
  • Particularly, China, with its thriving battery market and an impressive roster of automakers, is steering the growth of the global electric powertrain market.

The EU Will Import Over 1 Million EVs From China in 2030, Creating both Threat and Opportunity for European OEMs

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Wednesday, August 23, 2023
EV, Bev, Original equipment manufacturer, Polestar, Electric vehicle, Battery electric vehicle, Tesla, Research, BYD, NIO, Sale, Dongfeng, BMW iX3, BEV, EVS, Local, BMW, MG, European, Renault Kwid, Renault, XPENG, Industry analyst, Retail, EU

Chinese brands like BYD , XPENG , and NIO are launching models across Europe in 2023, giving Western automakers plenty to be concerned about.

Key Points: 
  • Chinese brands like BYD , XPENG , and NIO are launching models across Europe in 2023, giving Western automakers plenty to be concerned about.
  • Dylan Khoo, Industry Analyst at ABI Research, says, "Local OEMs are still finding their feet with electrification, these Chinese disruptors are more experienced and entirely focused on EVs.
  • They offer European customers BEVs that are competitive in price and quality across various segments.
  • In the last five years, exports of cars from the EU to China have fallen slightly, but EU imports of Chinese cars have quadrupled, reversing the trade flow.

The EU Will Import Over 1 Million EVs From China in 2030, Creating both Threat and Opportunity for European OEMs

Retrieved on: 
Wednesday, August 23, 2023
EV, Bev, Original equipment manufacturer, Polestar, Electric vehicle, Battery electric vehicle, Tesla, Research, BYD, NIO, Sale, Dongfeng, BMW iX3, BEV, EVS, Local, BMW, MG, European, Renault Kwid, Renault, XPENG, Industry analyst, Retail, EU

Chinese brands like BYD , XPENG , and NIO are launching models across Europe in 2023, giving Western automakers plenty to be concerned about.

Key Points: 
  • Chinese brands like BYD , XPENG , and NIO are launching models across Europe in 2023, giving Western automakers plenty to be concerned about.
  • Dylan Khoo, Industry Analyst at ABI Research, says, "Local OEMs are still finding their feet with electrification, these Chinese disruptors are more experienced and entirely focused on EVs.
  • They offer European customers BEVs that are competitive in price and quality across various segments.
  • In the last five years, exports of cars from the EU to China have fallen slightly, but EU imports of Chinese cars have quadrupled, reversing the trade flow.

MITSUBISHI MOTORS' AWARD-WINNING OUTLANDER PLUG-IN HYBRID TO STAR AT ELECTRIFY EXPO IN WASHINGTON, D.C.

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Monday, July 17, 2023
SEL, MSRP, S-AWC, Robert F. Kennedy Memorial Stadium, Green Car Journal, Battery electric vehicle, Overalls, Ward, Gasoline, DC, Mitsubishi Group, Mitsubishi Motors, EVS, List price, MMNA, Traction, Outlander, Plug, News, Ridesharing, Video game, Television, Rail transport, Automotive industry, Car rental, D.C

The 2023 Outlander Plug-in Hybrid SUV, which has received multiple awards while enjoying rave reviews from media and customers, will be on static display and available for test drives at every Electrify Expo event in 2023.

Key Points: 
  • The 2023 Outlander Plug-in Hybrid SUV, which has received multiple awards while enjoying rave reviews from media and customers, will be on static display and available for test drives at every Electrify Expo event in 2023.
  • "Electrify Expo is the perfect venue to introduce the award-winning 2023 Outlander Plug-in Hybrid to customers looking to make an initial move into electrified mobility," said Mark Chaffin, MMNA President and CEO.
  • The 2023 Outlander Plug-in Hybrid blends the clean and quiet motoring of an electric vehicle with the range and ease of refueling of gasoline.
  • Electrify Expo is the number one electric vehicle festival in North America, attracting more e-curious consumers than any other event in the country.