Press Release

Hatchback to Continue Dominating Europe Electric Passenger Car Market

Rising need for cleaner automobiles and growing affordability of electric passenger cars is poised to boom Europe electric passenger car market by 2023

According to TechSci Research report, Europe Electric Passenger Car Market By Vehicle Type, By Technology Type, By Driving Range, By Country, Competition Forecast & Opportunities, 2013-2023, Europe electric passenger car market is projected to cross $ 72 billion by 2023 on account of rising inclination of customers towards electric passenger cars due to their growing affordability and increasing concerns regarding high pollution levels. Moreover, expanding research and development activities by key leading companies, along with rising government support towards the use of electric vehicles, is further expected to compliment the overall Europe electric passenger car market over the next five years.

Browse 89 market data Figures spread through 124 Pages and an in-depth TOC on "Europe Electric Passenger Car Market"

https://www.techsciresearch.com/report/europe-electric-passenger-car-market/3370.html

 

With an expanding volume share of over 45%, hatchback dominated the overall electric passenger car market, followed by the SUV and sedan segments, in 2017. The segment is likely to continue its dominance during forecast period as well. A large demand for electric passenger cars emanates from Norway owing to extensive charging infrastructure in the country along with favorable government policies towards electric vehicles. Norway is followed by Germany with the second largest share in the Europe electric passenger car market. Some of the prominent players operating in Europe electric passenger car market include Nissan, Tesla, Volkswagen, BMW, Renault, and Audi, among others. Increasing focus on research and development activities by the leading players to manufacture technologically advanced as well as more efficient electric passenger cars is anticipated to intensify competition in the Europe electric passenger car market over the course of the next five years.

Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=3370

Customers can also request for 10% free customization on this report.

 

“Demand for electric passenger cars is constantly increasing in Europe due to several advantages associated with them in comparison to the conventional automobiles. Electric vehicles are much cleaner than the combustible automobiles and help curb the alarmingly rising air pollution levels. Moreover, a rising number of governments are providing incentives to the buyers of electric vehicles in order to boost their sales, thereby further fuelling demand for electric passenger cars in the region. All these developments are expected to stimulate growth in the Europe electric passenger car market over the course of next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Europe Electric Passenger Car Market By Vehicle Type, By Technology Type, By Driving Range, By Country, Competition Forecast & Opportunities, 2013-2023 has analyzed the potential of electric passenger car market across the region, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by Europe electric passenger car market.

 

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

 

Email: [email protected]

Relevant Reports

Europe Electric Passenger Car Market By Vehicle Type (Hatchback, Sedan and SUV), By Technology Type (Battery Electric Vehicle and Plug-in Hybrid Electric Vehicle), By Driving Range, By Country, Competition Forecast & Opportunities, 2013-2023

Automotive | Sep, 2018

Rising need for cleaner automobiles and growing affordability of electric passenger cars is poised to boom Europe electric passenger car market by 2023

Relevant News