EV Industry 2020 Report
Facing pollution across the world, governments in the developed and developing economies have put more focus on sustainable business. The automotive industry is no exception, where traditional gas-based vehicles have started to be overtaken by electric vehicles (EVs). These are expected to change the way we live and as such can provide viable long-term investment opportunities.
Over 2 million electric vehicles were sold in 2018, up from just a few thousand in 2010, and there is no sign of slowing down. We expect annual passenger EV sales to rise to 10 million in 2025, 28 million in 2030 and 56 million by 2040.
In longer term, things look even better as 2020 is barely the beginning of a huge trend towards conversion of traditional gas-based vehicles to EVs.
Whats included in the Report:
Global and Chinese Industry Outlook
Tesla and NIO company, market and stock evaluation
Key Insights and actions taken based on the evaluation
Key theoretical perspectives and positioning
The electric vehicles (EV) market has witnessed significant growth due to the need for addressing future energy requirements. The need to attain sustainable transportation plays a significant role in driving electric vehicles demand. The EV market is coming up as an integral part of the automotive industry and represents a pathway towards achieving energy efficiency along with reduced emission of pollutants and other greenhouse gasses. Increasing environmental concerns coupled with favorable government initiatives are some of the major factors driving market growth. Rising energy cost and competition among emerging energy efficiency technologies is also expected to fuel market growth.