Hyundai Motor has confirmed it is in talks with Apple Inc to establish a partnership to develop and produce electric vehicles and related batteries. related to M&A and JV deals, Vehicle manufacturers, Hyundai-Kia Group, Hyundai,
Electric Vehicle Market to Register Growth 40.7% by 2027
The global electric vehicle market is expected to register a compound annual growth rate (CAGR) of 40.7% from 2020 to 2027 according to Precedence Research
/EIN News/ OTTAWA, Jan. 08, 2021 (GLOBE NEWSWIRE) Recent Research Report on “
Electric Vehicle Market (By Product: Battery Electric Vehicles (BEV) and Plug-in Hybrid Electric Vehicles (PHEV)) - Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 - 2027.”
Electric vehicle is an electrically powered vehicle that uses traction motor or electric motor for propulsion. They have shown attractive growth over the past decade and their adoption rate is still prospering in double digit growth. On the basis of product they are categorized into Battery Electric Vehicle (BEV) and Plug-in Hybrid Electric Vehicle (PHEV). Presently, BEV dominated the sale of electric vehicles across globe. However, PHEVs are anticipated to flourish significantly over