The Middle East and Africa Electric Vehicle Market will grow at a CAGR of 28.1% from 2022 to 2029.
Drivers
Increasing demand for electric vehicles
The automotive industry has grown enormously over the years owing to the rising demand for luxurious electric vehicles.
Incentives & subsidies by the government for electric vehicles
It has been observed that governments of many states are raising the awareness among the citizens about electric vehicles and providing more benefits like tax redemption or rebate.
Increasing environmental concerns
Car pollution has been a significant concern for the environment and also in the rise of global warming since decades.
High fluctuation in fuel prices
The price of oil and gas has always fluctuated for several reasons, the non-renewable source being one of the major reasons.
Opportunity
· Cloud based charging stations (smart electric vehicle charging)
Cloud based charging allows E.V. charging stations to be connected to the
internet and constantly communicate with a central system.
· Lack of charging infrastructure for electric vehicles in MEA region
The primary requirement for the electric vehicle to grow is the availability of proper charging stations an adequate distance.
Market Definition
An electric vehicle is a vehicle that runs fully or partially on electricity. Unlike conventional vehicles that use fossil fuels, e-vehicles use an electric motor powered by a fuel cell or batteries. E-vehicle or 'E.V.' are the common terms for an electric vehicle. In most cases, the term includes both BEVs and PHEVs. The letters BEVs stand for battery electric vehicles, while PHEVs stands for plug-in hybrid electric vehicles.
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Product/Propulsion Type
Battery Electric Vehicle (BEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Fuel Cell Electric Vehicle (FCEV)
ICE And Micro Hybrid Vehicle
Vehicle Drive Type
FWD
RWD
AWD
Vehicle Speed
Less Than 100 MPH
100 TO 125 MPH
More Than 125 MPH
Vehicle Class
Mid-Priced
Luxury
Sales Channel
OEM
Aftermarket
Electric Motor Type
DC Motors
Brushless DC Motors
Permanent Magnet Synchronous Motors
Three Phase Induction Motors
Power Output
Less Than 100 KW
100 TO 250 KW
More Than 25O KW
Voltage Range
Less Than 48 Volt
More Than 48 Volt
Charging Station Type
Normal Charging
Super Charging
.
Connectivity Type
V2B OR V2H
V2G
V2V
V2X
Power Train
Parallel Hybrid
Series Hybrid
Combined Hybrid
Vehicle Type
Passenger Vehicles
Light Commercial Vehicle
Heavy Commercial Vehicle
The electric vehicle market competitive landscape provides details of the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, solution launch, product width and breadth, application dominance. The above data points are only related to the companies' focus on the electric vehicle market.
Research Methodology
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report.
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MAJOR TOC OF THE REPORT
Ø Chapter One: Intoduction
Ø Chapter Two: Market Dynamics
Ø Chapter Three: Market Definition
Ø Chapter Four: Market Scope
Ø Chapter Five : Market share Analysis
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