The Business Research Company’s latest report Electric Cars Global Market Report 2020 covers Electric Cars market drivers, Electric Cars market trends, Electric Cars market segments, Electric Cars market growth rate, Electric Cars market major players, and Electric Cars market size. The report provides in-depth analysis of the impact of COVID-19 on the Electric Cars industry, along with revised market numbers due to the effects of the coronavirus.
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Electric Cars Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global electric cars market is expected to decline from $533.4 billion in 2019 to 515.8 billion in 2020 at a compound annual growth rate (CAGR) of -3.31%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $1150.7 billion in 2023 at CAGR of 30.67%.
The report covers the Electric Cars market’s segments-
1) By Type: Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV).
2) By Battery Type: Lithium-Iron-Phosphate (LFP), Lithium–Nickel–Manganese Cobalt Oxide (Li-NMC), Lithium–Titanate oxide (LTO) battery, Lithium–Nickel–Cobalt–Aluminum oxide (NCA) battery, Nickel–metal hydride (NiMH) battery, Lead (SCID) Battery.
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