Global Small Electric Vehicle Market was valued at US$ 7.13Bn 2017 and is expected to reach US$ 36.36Bn by 2026, at a CAGR of 22.59% during a forecast period.
Small electric vehicle uses one or more electric motors or traction motors for propulsion. An electric vehicle powered through a collector system by electricity from off-vehicle sources, or may be self-contained with a battery, solar panels or an electric generator to convert fuel to electricity.
Major driving factors of the Small Electric Vehicle Market are generous subsidies and tight regulation continue to drive much of the growth. EVs are sophisticated and diversified, with many price and style options, but all with the reliability and power of traditional, gasoline-powered vehicles. A compact and quiet motor yields surprising acceleration: 100% torque at zero rpm, without the negative emissions associated with most small electric vehicle on the road. Higher EV sales, significant monetary and nonmonetary incentives, a greater variety of models, and the investment intensity of the charging Small Commercial Vehicle. Still, trends shift and seek out more information before diving in. With increasing innovation and environmental awareness, EVs have never been safer, sleeker, or more exciting to drive. Huge Investments in infrastructure and Lack of availability charging points in Light Commercial Vehicle will act as restraint to the market.
The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, brand portfolio expansion, mergers, collaborations, joint ventures, acquisitions, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
The Scope of the Report for Small Electric Vehicle Market
Global Small Electric Vehicle Market, By Vehicle Type
• 2 or 3 Wheeler
• Passenger Cars
• Light Commercial Vehicle
Global Small Electric Vehicle Market, By Technology
• Hybrid Electric Vehicle
• Plug-In Hybrid Electric Vehicle
• Battery Electric Vehicle
Global Small Electric Vehicle Market, by Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Small Electric Vehicle Market
• Tesla, Inc.
• Renault S.A
• General Motors
• Fisker Automotive
• Nissan Motors Company
• Ford Motor Company
• Toyota Motor Corporation
• BYD Company
• Smith Electric Vehicles
• Mitsubishi iMiEV