Electric Cars Market is valued at USD 93.3 Billion in 2017 and expected to reach USD 475.62 Billion by 2024 with the CAGR of 31.25% over the forecast period. Electric car is a plug-in electric automobile that is driven by one or more electric engines, using energy typically stored in rechargeable batteries. Electric cars are a variation of electric vehicle. The word “electric vehicle” refers to any vehicle that uses electric motors for driving force, while “electric car” usually refers to highway-capable automobiles driven by electricity. Charging an electric car can be done at charging stations, this charging station can be set up in both houses and public areas. Electric motors are more effective than internal combustion engines in converting stored energy into driving a vehicle. Form 2008, a coming back in electric car occurred due to advancement in batteries. The credits, subsidies, and some others incentives are established by somegovernment to promote the introduction and now adoption in the market of new electric vehicles. Global Electric CarsMarket report is segmented on the basis of bytype,by Components, and by regional . Based upon by type, global Electric Carsmarket is classifiedHEVs (Hybrid Electric vehicle), BEVs (Battery electric vehicle) PHEVs (Plug-in hybrid electric vehicles).Based upon by Components is classified in to Batteries, Sub-assemblies, Automotive parts among others. The regions covered in this Electric Cars Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Electric Carsis sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Utility Task Vehicles (UTV) Market is in 2018 and expected to reach USD 6.47 Billion by 2025 | CAGR OF 6.99%
Utility Task Vehicles (UTV) Market is valued at USD 4.03 Billion in 2018 and expected to reach USD 6.47 Billion by 2025 with the CAGR of 6.99% Increasing popularity in various end-user applications such as mining, farming, luggage transportation, search and rescue operations is the key driving factor for Global Utility Task Vehicles (UTV) Market. Utility task vehicle (UTV) is a motorized vehicle aimed to carry out a specific function with more efficiency than a general-purpose vehicle. UTV vehicles are largely used in many industrial and commercial sectors such as luggage transportation, tourism and sports. These are perfectly implemented in tourism sectors in which electric UTV car plays an important role to reduce the zero air pollution especially noise along with real working capacity. The electric vehicles have AC motors with high torque capacity and plane distribution which prevents skidding or loss of grip in snow or mountain areas. Government administration buy num
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