Electric Vehicles Market Incurs Growth Triggered by Elevated Fuel Prices and New Vehicle Emission Norms

Published on : Sep 11, 2018

Albany, New York, September 11, 2018: In the light of fast escalating fuel prices emergence of electric vehicles is expected to become mainstream in the near future. Further, stringent laws pertaining to emission standards are also likely to drive growth in electric vehicles market. In a recent research report titled, 'Electric Vehicles - Thematic Research', Market Research Hub (MRH) has collated has documented various growing trends and development, and their corresponding impact on the growth of electric vehicles market.

Initiatives towards Development of Car Infotainment Raves up Growth Opportunities in Electric Vehicles Market

Launch of charging stations for electric vehicles remains a core focus to drive impetus in the adoption electric vehicles, expected to set the upward growth trajectory of electric vehicles market. To limit undue price hikes in car batteries, car parts, and semiconductors, manufacturers are inclined to devise novelty in low maintenance to encourage mass adoption, thus differentiating their portfolio to sustain competition from new market entrants.  Additionally, inclusion of customer oriented car infotainment system is a core focus area amongst leading manufacturers in electric vehicles market.

Tesla Unveils New Electric Vehicle Facility in Shanghai

In a significant new development, leading automobile veteran, Tesla has disclosed the launch of a new production facility in Shanghai dedicated for electric vehicles. The investment is integral for the company’s growth objective to diversify its market presence in electric vehicles landscape. The new facility is envisioned to offer 500,000 cars annually, thereby offering the necessary boost to expand Tesla's leading position in electric vehicles market.

Thorough research derivatives housed in the report enable readers to gain insights on various factors and segments prevailing in electric vehicles market. Besides offering a wholesome executive summary on market definition and dynamics, the report entails crucial details on the factors responsible for revenue accentuation and resultant growth in electric vehicles market. Further, the report also identifies the segment associated with surged revenue generation in electric vehicles market, and allows readers to determine critical market scenario.

Further in the course of the report, readers are guided about various marketing practices administered by core market players across several regions and their subsequent effectiveness in bolstering growth in electric vehicles market as well their efficacy in taming consumer response.

Competitive Landscape: Electric Vehicles Market

Based on thorough research output highlighted in this section of the report, readers are enabled to delve deep in evaluating the efficacies of marketing tactics and tools in incurring favorable end-user response in terms of their preferences and eventual buying discretion. New and existing players in electric vehicles market can facilitate in-depth analysis of these winning marketing strategies to infer pivotal deductions based on which market players can facilitate lucrative business decisions to secure their lead in the fast expanding electric vehicles market competition.     

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