How New Energy Vehicle Market Players have Encountered Temporary Covid-19 Tailwinds; Worth Watching New Growth Cycle

New Energy Vehicle Market Latest Edition Published with Forecast to 2028


According to the report, Upsurging Demand for Hybrid Electric Vehicles across Developing Nations is one of the primary growth factors for the market. Increasing Demand for Highly Advanced Electrical Vehicles is also expected to contribute significantly to the New Energy Vehicle market. Overall, Commercial Vehicle applications of New Energy Vehicle, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Powertrain, such as Series Hybrid, Parallel Hybrid, Combined Hybrid, is boosting the New Energy Vehicle market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Power Source, such as Stored Electricity, is boosting the New Energy Vehicle market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global New Energy Vehicle market identified that the demand is rising in many different parts of the world as "Increasing Pollution Has Upsurged the Demand from Developing Economies ". Furthermore, some recent industry insights like "In May 2019, Volkswagen has announced pre-booking in Europe for the first model of its new fully-electric ID. The first special edition, which has been configured specially for pre-booking, includes high-quality, high-performance equipment and is limited to 30,000 vehicles. In addition to this, on 1st April 2019, BYD has launched six new electric vehicles and plug-in hybrid models at its spring launch event in Beijing. it will use for all its plug-in hybrid and pure electric vehicles, which will now include 3 more pure electric vehicles and three more “dual-mode” vehicles (or rather, PHEVs – plug-in hybrids)." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global New Energy Vehicle market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the New Energy Vehicle market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall New Energy Vehicle market size is calculated using market estimation process, the New Energy Vehicle market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global New Energy Vehicle market size has been validated using both top-down and bottom-up approaches.

Praveen Kumar

Head & Director of Sales