New Market, Entrants & Challenges for Battery Electric Vehicles

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PDF Name	New Market, Entrants & Challenges for Battery Electric Vehicles
No. of Pages	124
PDF Size	1.39 MB
PDF Category	Technology & Gadgets
Last Updated	July 25, 2021
Source / Credits	2.deloitte.com
Comments ✎	0
Uploaded By	Pradeep

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New Market, Entrants & Challenges for Battery Electric Vehicles PDF

In 2018, new market entrance and challenges for electric vehicle production hit a milestone. Approximately 2 million units are sold globally. We forecast a 950% growth to the 21 million units of its battery and electronic vehicles. It is accounting for a substantial is 70% of global sales for the EV market.

Market Dynamics for Battery Electric Vehicle

• Decrease in cost of EV batteries leads to decrease the cost of electric vehicle
• Due to the poor infrastructure of EV charging points, people are restraint from buying an electric vehicle.

Impact on EV Battery Market

Due to the outbreak of COVID-19, the production and sales of new vehicles came to a halt across the world. However, the market for electric vehicles was positive as the demand for zero-emission vehicles increases during the year 2020. However, there is a negative effect on manufacturing components.

To know more about the challenges and new market for battery electric vehicles, download the New Market, Entrants & Challenges for Battery Electric Vehicles PDF following by the link given below.

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