Countries across the world are feeling heat from increasing economic burden to increasing fuel prices. Governments of developed and developing economies are looking forward to reduce their economic burden by reducing fuel consumption in respective countries. In order to achieve this Martin Jones Sharks Jersey , countries across the world are promoting the use of electric vehicles. In addition, several countries have introduced stringent emission control regulation to reduce green house gas effect and CO2 emission. All these factors are supporting the demand for electric vehicles across the world. High price of electric vehicle is limiting the growth of electric vehicles market. However, some countries have introduced flexible credit policies for purchase of new electric vehicle which is expected to overcome this market challenge.

Browse Full Report At : market electric v Hybrid vehicle reduces fuel consumption by 20% to 30%. In addition, hybrid electric vehicle significantly reduces CO2 consumption and green house gasses. Increasing fuel prices and mandatory policies to reduce greenhouse gases (GHG) are also expected to propel the demand for hybrid electric vehicles across the world. The sale of plug-in electric vehicle grew rapidly in the last five years015) with cost reduction, technology development Joonas Donskoi Sharks Jersey , introduction of several models, and increase in charging stations. Electric vehicles are gaining recognition in the United States, Europe, Japan and some developed countries in Asia Pacific due to strong government support with introduction of credit policies for new electric vehicles and vehicle fuel efficiency regulations.

Industry competition is growing steadily with as automakers across the world are looking to enter in this potential market. Automobile manufacturers are focusing on developing advanced models at competitive prices will increase the choices for consumer which is further expected to spur the demand for electric vehicles across the world. Some major players in the global market includes Nissan Motor Corp, Chevrolet Joe Pavelski Sharks Jersey , Tesla Motor Inc, Toyota Motor Corporation, The Ford Motor Company, Bayerische Motoren Werke AG, Volkswagen AG Patrick Marleau Sharks Jersey , Honda Motor Co Ltd, AB Volvo, Toyota Motor Corporation and others.

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