Personal Electric Vehicle EV Cars: Market Shares, Strategies, and Forecasts, Worldwide, 2019 to 2025
- Key Topics
- Personal Electric Vehicle EV Cars
- New 811 battery technology
- EV Battery Improvement
- Electric Vehicle Car Segment
- Market Forecasts
- Small Electric Vehicle Car
- Mid-Size Electric Vehicle Car
- Luxury Electric Vehicle Car
- TaaS Shipments
- Electric Cars Market Driving Forces
- Motor Controller
- Electric Engine
- Other Components of an Electric Engine
- EV Economies of Scale
- Chinese EV Market
- US EV Market
- European EV Market
- German EV Market
- UK EV Market
- Japanese EV Market
- Regional EV Markets
- Renewable energy generation
LEXINGTON, Massachusetts (March 17, 2019) – WinterGreen Research announces that it has published a new study Personal Electric Vehicle EV Cars: Market Shares, Strategy, and Forecasts, Worldwide, 2018 to 2025. The 2019 study has 210 pages, 110 tables and figures. The vendors in the Personal Electric Vehicle EV Cars industry have invested in high-quality technology and processes to develop leading edge electric vehicle capability a being implemented quickly so as to benefit from first mover advantage in the market.
Personal Electric Vehicle EV Car manufacture promises to replace gasoline engine cars by 2025. Electric cars leverage new battery technology to achieve better cost benefit ratios. Electric vehicles provide a positive ROI to owners because the cost of recharging batteries is significantly less than the cost of gasoline for similar mileage driven.
Electric car markets bring lower costs and higher value when battery technology is modernized. As lithium ion battery cathodes undergo rapid improvement, the lower cost batteries make electric vehicles less expensive than gas powered vehicles. Electric cars cost less than ICE engine cars, finally. Electric cars do require battery replacement after 5 years.
Global warming has become a serious issue. Consumers have become aware of the need to embrace renewable energy programs directly. The UK is in danger of completely running out of fresh water in 10 years. The high school students are protesting global warming every Friday - worldwide. Nebraska farmers and Iowa voters are fearful about global warming. Consumers are beginning to demand electric vehicles. Personal Electric Vehicle EV Cars that depend on efficient lithium ion batteries have finally begun to tow the mark with regard to addressing global warming.
Electric cars leverage new battery technology to achieve better cost benefit ratios. Electric car markets bring lower costs and higher value when battery technology is modernized. As lithium ion battery cathodes undergo rapid improvement, the lower cost batteries make electric vehicles less expensive than gas powered vehicles. Electric vehicles provide a positive ROI to owners because recharging batteries is significantly less than the cost of gasoline for similar mileage driven. Electric cars cost less than ICE engine cars, finally. Electric cars do require battery replacement after 5 years.
Over the last several years, electric vehicles have entered the mainstream, and the market segment is expected to grow creating radical changes in personal transport. How the segment unfolds is still to be decided, but all signs point to a situation creating 36% of the cars on the road are electric by 2025. By that time, all of the cars manufactured will be electric. Automakers and suppliers are dramatically expanding electrified offerings to achieve gains in fuel efficiency, reductions in emissions, and modernization of the model offerings.
As market participants to establish positions in the electric personal vehicle offerings. the leadership positions are shifting. With the advent of Tesla selling cars over the internet, even the distribution channels threaten to shift dramatically. Industry leadership by Tesla has been achieved by making significant investment in manufacturing and battery infrastructure to facilitate the shift to a next generation of automotive transport.
Automotive manufacturers and suppliers are making a concerted shift away from the internal combustion engine to fully electric vehicles. To retain profitability, companies are improving the efficiency of electric vehicles. The vendors are working to reduce the cost of core components, particularly the traction motors and power electronics.
Vehicles require electric drive motors, generators, and power electronics for alternating current-direct current (AC-DC) conversion as well as DC voltage conversion to support multiple vehicle subsystems.
The global electric vehicle market at $39.8 billion in 2018 is projected to reach $1.5 trillion by 2025. Units sales are anticipated to reach 97 million vehicles worldwide by 2025. EV sales worldwide at 2.7 million vehicles in 2018 will go to 11 million in 2020.
Wintergreen Research forecasts the availability of 400 electric vehicle models by 2025. The EV industry needs to overcome major challenges related to battery technology and charging infrastructure, to sustain the growth of EVs.
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- Toyota Prius Prime
- Nissan LEAF
- Renault Zoe
- Mitsubishi Outlander PHEV
- Smart Fortwo ED
- Hyundai Ioniq Electric
- Volvo XC60 T8 PHEV
- Mercedes GLC350e
- Kia Soul EV
- Ford Fusion Energi
This is the 817th report in a series of market research reports that provide forecasts in communications, telecommunications, the internet, computer, software, and telephone equipment. The project leaders take direct responsibility for writing and preparing each report. They have significant experience preparing industry studies. Forecasts are based on primary research and proprietary databases. Forecasts reflect analysis of the market trends in the segment and related segments. Unit and dollar shipments are analyzed through consideration of dollar volume of each market participation in the segment. Market share analysis includes conversations with key customers of products, industry segment leaders, marketing directors, distributors, leading market participants, and companies seeking to develop measurable market share. Over 200 in-depth interviews are conducted for each report with a broad range of key participants and opinion leaders in the market segment.
About the Company
WinterGreen Research, founded in 1985, provides strategic market assessments in telecommunications, communications equipment, health care, and advanced computer technology. Industry reports focus on opportunities that will expand existing markets or develop major new markets. The reports assess new product and service positioning strategies, new and evolving technologies, and technological impact on products, services, and markets. Market shares are provided. Leading market participants are profiled, and their marketing strategies, acquisitions, and strategic alliances are discussed. The principals of WinterGreen Research have been involved in analysis and forecasting of international business opportunities in telecommunications and advanced computer technology markets for over 30 years.
About the Principal Author
Susan Eustis, President, co-founder of WinterGreen Research, has done research in communications and computer markets and applications. She holds several patents in microcomputing and parallel processing. She is the author of recent studies of the Service Oriented Architecture (SOA) marketing strategies, Internet software, a study of Push to Talk Equipment, Worldwide Telecommunications Equipment, Top Ten Telecommunications, Digital Loop Carrier, Web Hosting, Business Process Management, Servers, Blades, the Mainframe as a Green Machine, and Application Server markets. Ms. Eustis is a graduate of Barnard College.