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Zero Emission Vehicle (ZEV) Market Upcoming Trends by Worldwide Industry Growth, Statistics, and Opportunities to 2027 | BMW, Mercedes-Benz, Tesla, Nissan, Volkswagen

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Arshad Shaha
Zero Emission Vehicle (ZEV) Market Upcoming Trends by Worldwide Industry Growth, Statistics, and Opportunities to 2027 | BMW, Mercedes-Benz, Tesla, Nissan, Volkswagen

Global Zero Emission Vehicle (ZEV) Market is expected to grow with a CAGR of 19.2% over the forecast period.

Zero Emission Vehicle (ZEV) Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Increasing awareness regarding environmental pollution & supportive government policies to promote electric vehicles globally are anticipated to drive the growth of Global Zero Emission Vehicle Market.

News: Mercedes Benz announced its Electric Car with 426 km range named EQA 250.

January 21st, 2021; The Mercedes Benz announced its zero emission version of GLA, an electric SUV. The EV uses the body of GLA as basis, with some changes which gives car a unique appearance like reshaped headlight with full LED lamps as standard. It offers AMG line trim which provide sportier front and back bumper & signature of double lourve grille. It is powered by single motor electric train which delivers power of 188 HP and 375 Nm torque with 66.6kWh Lithium- ion battery with range of 426 km and top speed of 160 km/h.

We Have Recent Updates of Zero Emission Vehicle (ZEV) Market and Get Premium Sample Copy@ https://brandessenceresearch.com/requestSample/PostId/1441?utm_source=BSN&utm_medium=AR

Scope of Global Zero Emission Vehicle (ZEV) Market Report

Zero emission vehicles (ZEV) are the vehicles which don’t emit pollutants in its exhaust gas from source of power. The vehicles uses different type of source of power such as gasoline, diesel, CNG, etc. which emits different types of pollutant from its tailpipe i.e. particulates, carbon monoxide, hydrocarbons and etc. The pollutants released from gasoline powered vehicles leads to various health problems such as COPD, asthma & environmental problems like global warming. 

During Covid-19 pandemic, the automotive market got hit hard by lockdown & reduced purchasing power of individuals. At the height of the crisis, over 90 percent of the factories in China, Europe, and North America closed. With the stock market and vehicle sales plummeting, automakers and suppliers have laid off workers or relied on public intervention. These factors have resulted in a slow growth in the global zero emission vehicles (ZEV) market.

Key Players for Global Zero Emission Vehicle (ZEV) Market Report-

Some of the key players for global zero emission vehicle (ZEV) market are Hyundai, BMW, Chevrolet, Toyota, Nissan, Volkswagen, Mercedes-Benz, Tesla, BYD, Kia, Fiat, Tata Motors, Honda Motor and others.

Key Benefits for Global Zero Emission Vehicle (ZEV) Market Report–

  • Global Zero Emission Vehicle (ZEV) Market report covers in-depth historical and forecast analysis.
  • Global Zero Emission Vehicle (ZEV) Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
  • Global Zero Emission Vehicle (ZEV) Market report helps to identify opportunities in marketplace.
  • Global Zero Emission Vehicle (ZEV) Market report covers extensive analysis of emerging trends and competitive landscape.

To Read More about the Study, Read the Complete Description @ https://brandessenceresearch.com/automotive-and-transport/zero-emission-vehicle-market-size

Increasing Awareness Regarding Environmental Issues Caused by Vehicles is One of the Major Factors Driving the Growth of Global Zero Emission Vehicle (ZEV) Market.

The major factor driving the growth of global zero emission vehicle (ZEV) market is the growing awareness about environmental issues caused by vehicles. The environmental problems like air pollution, global warming, increasing carbon footprint, etc. are caused by automotive exhaust gases which lead to environmental & health problems like respiratory issue and etc. And shifting to ZEV will provide better health & sustainable environment for future generations. In addition, the low fuel & maintenance cost will lead to more saving.

Global Zero Emission Vehicle (ZEV) Market Segmentation:-

By Vehicle type:

  • Battery Electric Vehicles (BEV)
  • Plug-in Hybrid Electric Vehicles (PHEV)
  • Fuel Cell Electric Vehicles (FCEV)

By Application:

  • Commercial Vehicles
  • Passenger Vehicles

Asia-Pacific is Anticipated to Witness a Fastest Growth in the Global Zero Emission Vehicle (ZEV) Market

The global zero emission (ZEV) market is segmented into North America, Europe, Asia-Pacific Latin America and Middle East & Africa. Asia-Pacific is expected to witness a fastest growth in the global zero emission vehicle (ZEV) market within the forecast period due to the increasing disposable income and growing awareness regarding environmental issues in this region.

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By Regional & Country Level:

  • North America
    • U.S
    • Canada
  • Europe
    • U.K
    • France
    • Germany
    • Italy
  • Asia Pacific
  • China
  • Japan
  • India
  • Southeast Asia
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

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