Global Passenger Electric Vehicles Market

The electric bikes and scooters market consists of sales of electric bikes and scooters and related services. The main types in the electric bikes and scooters market are electric bikes, electric scooters. An electric bike is a bicycle equipped with an electric motor that is activated to assist with or replace pedaling. The battery types involved are lead-acid, lithium-ion (li-ion), nickel-metal hydride (NiMH), and others. The voltage capacity involved is 48-59V, 60-72V, 73-96V, above 96V. The drive mechanism types involved are hub motor, mid-drive, and other mechanisms. The global electric bikes and scooters market size is expected to grow from $20.71 billion in 2021 to $23.38 billion in 2022 at a compound annual growth rate (CAGR) of 12.9%. The global electric bike, scooter market size is expected to grow to $30.27 billion in 2026 at a CAGR of 6.7%. Increasing awareness about pollution is a key driver of the electric bikes and scooters market. This is because more people are now understanding the importance of reducing pollution, and this awareness has led them to look for more environmentally friendly modes of transportation that minimize and control pollution. For example, according to a survey published by Forbes in 2019, due to an increase in awareness about pollution, the sales of electric bikes (e-bikes) have exceeded that of non-electric bikes in the Netherlands. The growth in the adoption of electric bikes and scooters is expected to continue in the coming years as the carbon dioxide emitted by the burning of fossil fuels remains a major threat to the environment, causing global warming and climate change. The lack of infrastructure for battery charging is a major restraint on the electric bikes and scooters market. This is mainly because a lack of sufficient bike or scooter charging stations leads to a scarcity of battery charging, and discourages people from purchasing electric bikes or scooters.For instance, according to express drive data 2021, electric two-wheelers, are popular in India. However, the sales of electric two-wheelers remain way lower than conventional petrol ones. We don’t have an appropriate EV ecosystem and the charging stations are in very few numbers. So, in a bid to encourage people to buy EVs and to develop the EV ecosystem in India, eBikeGo has announced that they will install one lakh smart IoT-enabled charging stations in seven Indian cities. Improving battery technology is an emerging trend in the electric bikes and scooters market. One such technological improvement of batteries includes the growing use of graphene batteries in electric bikes and scooters. The graphene batteries use electrolytes based on a super-thin material called graphene, which enables faster charging time, higher capacity, and lighter weight of the vehicles. In this regard, Earthday, a startup based in Barcelona, Spain is working towards further enhancing the efficiency of graphene batteries, to charge electric bikes and scooters in around five minutes. The electric bikes and scooters market is regulated by the U.S. Congress enacted Public Law sections 107-319. This law pertains to the amendments required for the consumer product safety act and defines stern regulations to be followed retrospect to the speed of electric bikes. According to this law, the electric motor of the vehicle must be less than 750 watts and the maximum speed of the bike driven by a person weighing 170 pounds should not exceed 20 mph. To comply with this law, the U.S. Consumer Product Safety Commission (CPSC) considers, approves, and certifies bikes that meet this definition for manufacture and sale at the federal level. Hence, regulations such as these regulate the electric bikes and scooters market. In March 2019, German automotive and industrial supplier Schaeffler acquired Elmotec Statomat GmbH for an undisclosed amount. Through this acquisition, Schaeffler aims to develop and advance more quickly and efficiently in the electric motors construction business, and at the same time, boost its e-mobility strategy. Elmotec Statomat GmbH is involved in the field of electric motors construction and winding technology. It was founded in 1998 and is headquartered in Karben, Germany. Major players in the electric bikes and scooters market are Yadea, Jiangsu Xinri E-Vehicle Co. Ltd., Mahindra & Mahindra Ltd., BMW, Hero Electric, Yamaha, Sunra, Vmoto Limited, AIMA Technology Co. Ltd, Zhejiang Luyuan Electric Vehicle Co. Ltd., Terra Motors Group, Prodeco Technologies Llc. Asia Pacific was the largest region in the electric scooters and ebikes market in 2021. This region is expected to remain the largest during the next five years. The regions covered in the global electric bike and scooter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the electric bikes and scooters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The global ebikes and scooters market is segmented - 1) By Product: Electric Bikes, Electric Scooters 2) By Battery: Lead-Acid, Lithium-Ion (Li-ion), Nickel-Metal Hydride (NiMH), Others 3) By Voltage Capacity: 48-59V, 60-72V, 73-96V, Above 96V 4) By Drive Mechanism: Hub Motor, Mid Drive, Others

The electric car market consists of electric car sales and services related to it. An electric car is an electric vehicle that runs by a chargeable battery such as Nickel-Metal Hydride (Ni-MH) Battery, Lithium-ion Battery, Fuel Cell Battery. The main types in the electric cars market are battery electric vehicles (BEV), plug-in hybrid electric vehicles (PHEV), hybrid electric vehicles (HEV). Battery electric vehicles operate only on stored electricity, and their main components consist of a high-voltage battery, one or more electric motors (either alternating current [AC] or direct current [DC]), and a controller for managing the power electronics. The battery types involved are lithium-iron-phosphate (LFP), lithium-nickel-manganese cobalt oxide (Li-NMC), lithium-titanate oxide (LTO) battery, lithium-nickel-cobalt-aluminum oxide (NCA) battery, nickel-metal hydride (NiMH) battery, lead-acid battery. The applications involved are home use, commercial use. The global electric cars market size is expected to grow from $212.46 billion in 2021 to $278.75 billion in 2022 at a compound annual growth rate (CAGR) of 31.2%. The global electric cars market is then expected to grow to $825.95 billion in 2026 at a CAGR of 31.2%. The growing demand for electric vehicles is driving the electric cars market. Electric cars are one of the fastest-growing segments in the electric vehicles market. According to the InsideEVs report (Electric vehicle world sales database), in 2019 nearly 2.2 million electric vehicles were sold globally. According to Forbes, Electric vehicles (EVs) will surge to 57% which is more than half of global passenger car sales by 2040. The major companies in the automobile industry such as Tesla, BMW, Volkswagen, and others are expected to release around 200 models of electric vehicles. Electric vehicles don’t use fuel or gas and they are more economical than other vehicles. The demand for an electric vehicle is growing because of its low maintenance, less carbon emission, convenient charging, less noise from the engine, higher fuel costs. Lack of standardization of charging infrastructure is slowing down the electric cars market. The charging infrastructure is a charging point for Battery Electric Vehicles (BEV), Plug-in Hybrid Electric Vehicles (PHEV), Hybrid Electric Vehicles (HEV), Fuel Cell Electric Vehicles (FCEV) available in every region. According to McKinsey’s report, there will be an estimated 120 million electric vehicle units on road by 2030. The demand for electric vehicles is rising due to environmental concerns and health Hazards. The sudden shift to electric vehicles in many regions leads to a lack of charging infrastructure. Tesla, Mahindra, Audi, and other international OEMs are expected to launch 10 new electric vehicle models in 2021 in India. However, many countries don’t have proper charging infrastructure for electric vehicles due to higher up-front capital, higher operating costs, and currently low utilization of electric vehicles. This factor is likely to challenge the growth of this market. The development of wireless charging facilities for electric vehicles is the greatest opportunity for both OEMs and end-users. Wireless charging enables charging of an electric vehicle without any inconvenience of finding the right cable connector at the charging point, and/or stopping by at any charging station. Wireless charging uses dynamic and inductive charging technologies where the electricity is transferred from one magnetic coil in the charger to a second magnetic coil connected to a car. Tesla, BMW, Rolls Royce, Volkswagen, Nissan, etc. are working on wireless charging system cars because the OEMs and technology companies figured out that it is much easier to charge an electric vehicle by wireless charging system than a plug-in system. Qualcomm's technologies, continuously working on its wireless charging system called Qualcomm Halo that uses dynamic technology which helps to charge the electric vehicle while driving. Therefore the wireless charging system has a huge scope in the future to electrify vehicles all over the world. In February 2019, Tesla, Inc., an American electric vehicle and clean energy company based in Palo Alto (California) acquired Maxwell technologies an Energy storage company for a deal of $218 million. Maxwell technologies produce ultracapacitors an energy storage device or battery that is used in electric vehicles. The acquisition helped Tesla to get Maxwell’s dry electrode technology which is mainly used to produce ultracapacitors. These dry electrode technology ultracapacitors are used in electric vehicles to boost performance and are also more cost-effective than other technologies. Major players in the electric cars market are Toyota, BMW, BYD, Tesla, BMW, Volkswagen, General Motors, BAiC Motors, SAIC, and Daimler AG. Asia Pacific was the largest region in the electric cars market in 2021. Western Europe was the second largest market in the global electric cars market. The regions covered in the global electric car market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the electric cars market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The global electric cars market is segmented - 1) By Type: Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV) 2) By Battery Type: Lithium-Iron-Phosphate (LFP), Lithium-Nickel-Manganese Cobalt Oxide (Li-NMC), Lithium-Titanate oxide (LTO) battery, Lithium-Nickel-Cobalt-Aluminum oxide (NCA) battery, Nickel-Metal hydride (NiMH) battery, Lead Acid Battery 3) By Application: Home Use, Commercial Use

The electric locomotives market consists of sales of electric locomotives which provide motive power to trains with no payload capacity, and their only use is to pull trains along the tracks. The sales consist of revenues generated by establishments that are primarily engaged in the manufacturing of locomotives and their components such as electric motors, transformers, inverters, and compressors. The main types of energy transfers in electric locomotives are overhead lines, third rail, onboard energy storage. Overhead lines are a wire or cable, suspended between poles, that is used to distribute power or signals. The technologies involved are technology, IGBT module, GTO thyristor, sic module. The traction units involved are ac traction units, dc traction units, multi-system units. The application involved passenger transport, freight transport. The global electric locomotives market size is expected to grow from $1.47 billion in 2021 to $1.67 billion in 2022 at a compound annual growth rate (CAGR) of 13.2%. The global electric locomotive market size is expected to grow to $2.73 billion in 2026 at a CAGR of 13.2%. Increasing preference for non-polluting and energy-efficient transport is contributing to the growth of the electric locomotives market. According to the UK Department of Transport, besides highly efficient electric motors in electric locomotives that regularly have the efficiency of around 90% due to the advancements such as regenerative braking which can recover energy from braking, they emit 20%-35% less carbon per passenger mile than those enabled by diesel and helps in reduction in carbon emissions. Concerns regarding a greener environment resulted in increasing demand for non-polluting and energy-efficient transport systems, thereby driving the electric locomotives market. Regular maintenance of the rolling stock is required to ensure its safety, which is very expensive, impacting the growth of the market. For example, the annual maintenance cost of the high-speed trainset is approximately $1 million. In addition to the cost of components that need to be replaced periodically, proper maintenance is needed for facilities such as stations and berthing sites. Moreover, rolling stock requires long-term maintenance once the train has reached half of its operating life. This involves maintenance work on electrical, mechanical, and hydraulic parts of the vehicle. A large investment is needed for such maintenance. For example, the overhaul and electrification project of around 100 km Nis-Dimitrovgrad railway line (Serbia) is estimated to cost around $306 million, and a Memorandum of Understanding (MoU) was signed with CRBC (China) for the overhaul of the Belgrade-Nis railway line for $701 million. Therefore, the expensive maintenance and overhaul that is needed regularly will hamper the growth of the electric locomotives market. The emergence of dual-mode locomotive electric trains will be one of the major trends that will gain traction in the electric locomotive market in the forecast period. In November 2019, Rail systems RP GmbH and Siemens Mobility signed a contract for the supply of two Vectron Dual Mode locomotives that can be operated either as diesel or electric units. On electrified routes, the Vectron Dual Mode is powered by electricity to save fuel and reduce maintenance costs. Due to their reduced dependence on petrol, the coming years will witness an increased preference for dual-mode trains, which will be one of the major factors propelling the growth of this market. In February 2020, Alstom announced plans acquired Bombardier Transportation for a price between EUR 5.8 billion and EUR 6.2 billion, which will be paid by cash and new Alstom shares. This acquisition will improve Alstom's global reach and the ability to respond to the ever-increasing need for sustainable mobility. Bombardier Transportation will bring to Alstom a complementary geographical presence and an industrial footprint in growing markets, as well as additional technological platforms. It will significantly increase innovation capabilities to lead to smart and green innovation. Bombardier Transportation is a Canadian multinational company that manufactures business jets and rail. Major players in the electric locomotives market are CRRC Corporation Limited, Bombardier Inc, Alstom SA, Siemens AG, Kawasaki Heavy Industries Ltd, General Electric Company, Transmashholding AG, Stadler Rail AG, Hitachi Ltd, and AEG Power Solutions. Western Europe was the largest region in the electric locomotives market in 2021. Asia Pacific was the second largest region in the global electric locomotives market. The regions covered in the global electric locomotive market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the electric locomotives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The global electric locomotives market is segmented - 1) By Energy Transfer: Overhead Lines, Third Rail, On-Board Energy Storage 2) By Technology: IGBT Module, GTO Thyristor, SiC Module 3) By Traction Units: AC Traction Units, DC Traction Units, Multi System Units 4) By Application: Passenger Transport, Freight Transport

The commercial electric vehicles market consists of sales of commercial electric vehicles. The commercial electric vehicles manufactured include Battery Electric Vehicles (BEV), Hybrid Electric Vehicles, and Plug-in Hybrid Electric Vehicles (PHEV). The main technologies in commercial electric vehicles are battery electric vehicles, hybrid electric vehicles, plug-in hybrid electric vehicles. Battery electric vehicles operate only on stored electricity, and their main components consist of a high-voltage battery, one or more electric motors (either alternating current [AC] or direct current [DC]), and a controller for managing the power electronics. The vehicle types involved are bus, truck, pick-up truck, van. The charging infrastructure involved is pantograph, plug-in, inductive. The global commercial electric vehicles market size is expected to grow from $68.43 billion in 2021 to $101.44 billion in 2022 at a compound annual growth rate (CAGR) of 48.2%. The global commercial electric vehicle market size is expected to grow to $303.15 billion in 2026 at a CAGR of 31.5%. Government subsidies to consumers and manufacturers help in the adoption of electric vehicles. The adoption of electric vehicles has been identified as an effective method to reduce carbon emissions and dependency on fossil fuels. So the governments of many countries are providing direct subsidies to both the buyers and manufacturers to increase the adoption rate of electric vehicles. For example. In March 2019, the Indian government under the Faster Adoption and Manufacturing of Electric Vehicles (FAME-II) scheme announced an outlay for 1434.45 million USD (10,000 crores) to promote the use of electric vehicles and hybrid vehicles. The scheme had 213.6 million USD (1,500 crores) outlay in 2019-20; 716.7 million USD (5,000 crores) in 2020-21 and 501.69 USD (3,500 crores) in 2021-22 and will cover buses with Electric Vehicle (EV) technology; electric, plug-in hybrid and strong hybrid four-wheelers; electric three-wheelers including e-rickshaws and electric two-wheelers. The difference in vehicle performance acts as a restraint to the growth of the commercial electric vehicle market. Electric vehicles provide excellent torque at low speed but at higher speeds the performance drops. The range of current battery electric vehicles (BEVs) is typically between 50 to 100 miles. For example, the Nissan LEAF electric vehicle has high torque, 236 lb-ft, but relatively low power at 147 HP. On the other hand, the conventional fuel car Honda S2000 has a decent power of 256 who. Technological advances to improve charging speed and enhance battery design make the latest trend in the commercial electric vehicles market. Manufacturers are looking at solid-state batteries which use graphene as the potential solution and are expected to increase both range and the charging speed of the batteries of the electric vehicle. Apart from the improvements in battery design and charging speed, there will be a significant shift toward diversifying the sources of power for EVs. Solar panels have already become much more efficient at capturing the sun’s energy. With the recent development of three-phase charges, the most modern electric vehicle can charge up to 80% in just 30 minutes. For instance, Earthday, a Catalan startup, introduced fast-charging graphene-based batteries that weigh only 55 Kgs and use a paste-like electrolyte based on graphene. Earthday claims that the graphene-based battery charges up to 1350 times faster than normal batteries based on lithium technologies. In Europe, the parliament mandates the installation of appropriate vehicle alerting systems in electric vehicles. Electric cars and plug-in hybrid cars such as the all-electric BMWi3 or the Toyota Prius currently emit very little sound when running on electric power only. Campaigners say this is dangerous for partially sighted and blind people. Keeping this in mind, liberal democrat MEPs introduced an amendment that makes it mandatory to install a vehicle alerting system in electric vehicles. In June 2021, Ashok Leyland, a company manufacturing automotive-based in India acquired Switch Mobility Automotive for an undisclosed amount. With this acquisition, Ashok Leyland expands its portfolio in commercial electric vehicles and the investment and acquired the entire shares of the switch mobility automotive company. Switch Mobility Automotive, is a company operating in commercial electric vehicles based in the UK. Major players in the commercial electric vehicle market are Tesla, Nissan, BMW, Chevrolet, Ford, Volkswagen, Kia Motors, Audi, BYD, and Daimler. The regions covered in the global commercial EV market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the commercial electric vehicles market report are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA and Australia. The global commercial electric vehicles market is segmented - 1) By Technology: Battery Electric Vehicles, Hybrid Electric Vehicles, Plug-In Hybrid Electric Vehicles 2) By Vehicle: Bus, Truck, Pick-Up Truck, Van 3) By Charging Infrastructure: Pantograph, Plug-In, Inductive

The buses and coaches market consists of sales of buses and coaches and related services by entities (organizations, sole traders, and partnerships) that produce buses to transport people and goods. The main types in the buses and coaches market are diesel buses, hybrid buses, electric buses, ethanol buses. A hybrid electric bus is a bus that together with a conventional internal combustion engine propulsion system with an electric propulsion system. The various body-built segments include fully built, customizable. These are used in general, personal, recreational, tourist, other applications. The global buses and coaches market size is expected to grow from $38.73 billion in 2021 to $42.34 billion in 2022 at a compound annual growth rate (CAGR) of 9.3%. The global buses and coaches market is expected to grow to $56.77 billion in 2026 at a CAGR of 7.6%. The increasing demand to travel by bus is expected to drive the growth of the buses and coaches’ market over coming years. According to the Red Bus Creators, the bus sector in India is expanding at a rate of 30-40% year on year. The Redbus organization is exhibiting a massive 80% growth year-on-year in India itself. Therefore, the growing demand for buses drives the growth of the buses and coaches market. Fluctuating prices of metals such as iron and steel are expected to limit the growth of the buses and coaches market in the coming years. The automotive industry uses various structural components for bus manufacturing, including iron, steel, and other metals and fluctuating metal prices increase operational expenses. According to Trade Economics, Iron ore, a raw material for iron manufacturing is $27 per Metric ton for the start of 2020. In March, the price of iron ore was $82, and in October price was $118. Steel price in February 2020 was $507 (3370 Yuan) per Metric ton, and in October price was $545 (3631 Yuan) per Metric ton. Therefore, the fluctuating price of metals hinders the buses and coaches market. The autonomous bus is a key trend gaining popularity in the buses and coaches market. The number of autonomous bus pilots is growing, and many manufacturers have already confirmed the introduction of autonomous bus deliveries within a few years from 2019. In November 2019, Volvo Buses conducted a live presentation of a 7900 Hybrid City Bus designed for autonomous operation. The vehicle successfully traveled between the parking lot and several workstations, including washing, repair, and electrical charging, before parking in the correct spot, with all travelers onboard. In May 2019, NFI Group, a North American-based bus manufacturer acquired the UK-based bus manufacturer Alexander Dennis Limited (ADL) for a deal amount of $405 million (£320 million). The acquisition enhances the NFI product portfolio, diversifies its business model, and provides a platform for international development. Alexander Dennis Limited (ADL) is a bus and coach manufacturer and has vehicle services in the UK, Europe, Hong Kong, Singapore, New Zealand, Mexico, Canada, the United States sold under Alexander Dennis and Plaxton brands. Major players in the buses and coaches market are Daimler, VDL Bus and Coach, Scania, Volvo, Marcopolo, Eicher Motors Limited, TATA Motors, Ashok Leyland, Solaris Bus, Coach SA, and Iveco. North America was the largest region in the buses and coaches market in 2021. Asia Pacific was the second-largest region in the global buses and coaches market. The regions covered in the global buses and coaches market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries in the buses and coaches market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The global buses and coaches market is segmented - 1) By Type: Diesel Buses, Hybrid Buses, Electric Buses, Ethanol Buses 2) By Application: General, Personal, Recreational, Tourist, Others 3) By Body Built: Fully Built, Customizable

The electric vehicle charging station market consist of sales of electric vehicle charging services. Electric vehicle charging stations provides charging facility to electric vehicles through alternating current (AC) and direct current (DC) charging. AC charging station consists of level 1 and level 2 charging. Level 1 charging station uses 120V AC current, level 2 charging station uses 240V AC current to charge the vehicles. Whereas, the DC charging station, also known as Level 3 charging station, uses 480V DC current to charge EVs. The main types of installations in electric vehicle charging stations are home charging system and commercial charging system. Home chargers are typically employed with 230V/15A single phase plugs capable of producing up to 2.5 KW of output power. The different connector types include CHAdeMO, CCS, GB/T, tesla supercharger, others and has various charging modes such as plug in charging system, wireless charging system. The several charging stations include AC charging station and DC charging station. The global electric vehicle charging stations market size is expected to grow from $4.03 billion in 2021 to $5.40 billion in 2022 at a compound annual growth rate (CAGR) of 34.1%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The EV charging stations market is expected to reach $17.85 billion in 2026 at a CAGR of 34.9%. Increasing tax incentives and subsidies given to local automakers to produce electric vehicles is driving the demand for electric vehicle (EV) charging station market. Tax incentives and subsidies to the electric vehicle makers is encouraging auto makers to make more Electric vehicle which will generate more demand for EV charging stations. China's subsidy policy caused 53% increase in the manufacture and sale of electric vehicles in the country. Electric vehicles sales in China was almost four times the numbers sold in the USA, the growth in sales in China is majorly attributed to the subsidy policies and tax incentives given by the Chinese government. The limited range of electric vehicles is hindering the Electric vehicle (EV) charging stations market growth. Electric vehicles have a limited range as compared to the traditional internal combustion engine vehicles as due to its limited battery capacity. The electric vehicles can’t be used in case of long-distance travel, this causes the slow growth of the electric vehicles. According to a survey conducted by BBC, involves a sample of 10,293 drivers out of which 76% of the drivers said that in a single charge electric vehicle can't travel long distances. Companies in the industry are increasingly offering ultra-quick charging capabilities of the direct current (DC) to aid performance optimization and ultra-fast-charge. The ultra-quick charging technologies of the direct current are used in electric vehicle charging stations to transfer current to electric vehicles through DC. DC fast charging or level 3 charging is capable of charging 80% of the electric vehicle battery within 20 minutes. DC fast charging stations with ultra-quick technology provide high-power DC current up to 120 kW directly into vehicle’s battery without passing through any onboard AC/DC converter. The necessary conversion from AC to DC by a convertor done in case of AC charging process can be eliminated. In March 2019, Tesla an American automotive and energy company, launched the next generation super charger V3 with a higher charging capacity (250kW). Greenlots, an electric transportation company, has set plans to deploy 9 DC Fast charging stations across Central Washington. Electrify America, an electric vehicle charging network company, installed its first DC Faster charger at Massachusetts, USA and is planning to invest $500 million to outfit the electric charging stations in 484 locations with 2000 DC fast chargers. In August 2021, ChargePoint Inc., a US based electric vehicle infrastructure company acquired ViriCiti BV for $88 million (€75 million) in cash. The acquisition of ViriCiti will provide the firm with access to a much broader software feature set for users, including battery health monitoring, vehicle operations data, and enhanced vehicle telematics possibilities, in addition to ChargePoint’s core offerings of charger management and vehicle charger scheduling. ViriCiti BV is a Netherlands based company that provides electric vehicle charging solution. In March 2020, ABB, a Switzerland based automation company acquired Shanghai Chargedot New Energy Technology Co., Ltd. for an undisclosed amount. The acquisition is expected to further strengthen ABB's relationship with leading Chinese electric vehicle manufacturers and broaden the company’s e-mobility portfolio with hardware and software developed specifically for local requirements as well as service offerings. Shanghai Chargedot New Energy Technology Co., Ltd., a Chinese e-mobility solution provider, the company supplies AC and DC charging stations, as well as the necessary software platform to a range of customers that includes EV manufacturers. Major players in the electric vehicle charging station market are Tesla, Chargepoint, Siemens, ClipperCreek, Schneider electric, Eaton, GE, ABB, Aerovironment, SemaConnect, Robert Bosch GmbH, ECOtality, Engie, BP, Shell, Electromotive, Chargemaster, Evgo, EVBox, G2Mobility, Leviton, Delta ElectronicsInc, Evatran group Inc, Tgood, Delphi automotive LLP, Webasto Group, Alfen, Allego, Blink Charging and Efacec. The regions covered in the electric vehicle charging stations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the electric vehicle charging station market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global electric vehicle charging stations market is segmented - 1) By Installation Type: Home Charging System, Commercial Charging System 2) By Connector Type: CHAdeMO, CCS, GB/T, Tesla Supercharger, Others 3) By Mode of Charging: Plug In Charging System, Wireless Charging System 4) By Charging Station: AC Charging Station, DC Charging Station

The electric vehicles batteries market consists of sales of electric vehicles batteries. Electric vehicles batteries are used to power the electronic vehicles and are rechargeable in nature. These batteries support the clean energy initiative as they don’t emit any harmful gases which causes damage to the environment. The main types of battery used in electric vehicles are lithium-ion, lead-acid, nickel-metal hydride, sodium-ion and others. The lithium-ion are used in electric vehicles for safer and more stable movement than liquid li-ion batteries. The electric vehicles batteries are used two types of vehicles such as passenger and commercial vehicles and available in two types of propulsion such as battery electric vehicle and plug-in hybrid electric vehicle. The global electric vehicles batteries market size is expected grow from $23.74 billion in 2021 to $25.43 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The EV batteries market is expected to reach $33.26 billion in 2026 at a CAGR of 6.9%. Advances in electric vehicles (EV) batteries and their associated technologies are attracting the interests of individuals to purchase EVs, contributing to the growth of the EV batteries. Recent advancements such as lithium-ion batteries, fast charging, and better mileage have helped the electric cars become more passenger-friendly. According to the United States Department of Energy, the range of average electric car have increased from 73 miles in 2011 to 400 miles in 2021. Moreover, the technological developments are contributing to reduced prices of the electronic batteries. According to the Bloomberg report, battery prices that were above USD 1,100 in 2010 have fallen by 87% to $156 per kilowatt-hour in 2019 and is likely to decline to $100 per kilowatt-hour by the end of 2023. Therefore, the advances in electronic battery and its associated technologies increase the vehicles mileage and draws more customers driving the electronic battery market. The extraction of raw materials like lithium cobalt used in the electric vehicle battery has a harmful effect on the environment and governments impose restriction on mining the raw materials, hindering the growth of the market. The extraction process of one ton of lithium requires 50,000 gallons of water. Lithium mining has resulted in consumption of 65% water of the Salar de Atacama region, Chile, which has led to water shortages in Chile, South America along with severe toxic spills. As the demand upsurges, the mining activity also rises with increasing damage to the environment and will force the governments to enforce stringent regulation to curb the negative effects which would increase the production cost. Therefore, the harmful effect of electric vehicle batteries on the environment is expected to be a hindrance to the electric vehicle battery market over the coming years. The charging of Electric vehicle batteries using Vehicle to grid technology is expected to gain traction in EV batteries Market. Vehicle to grid technology is a Bi-directional charging system technology in which plug-in electric vehicles like battery electric vehicles (BEV), plug-in hybrids (PHEV) or hydrogen fuel cell electric vehicles (FCEV) batteries’ can communicate with the power grid for either returning electricity to the grid, to homes during the peak times or increase their charging rate to discharge and charge the battery accordingly. For instance, in January 2021, FCA along with Engie EPS and Terna has launched the first phase of a vehicle-to-grid (V2G) pilot project in Turin, Italy, to test potential connections of the company’s vehicles to the grid. Thus, Vehicle to grid technology is anticipated to be a major trend in the electric battery market. In May 2019, Tesla, the American based clean energy and electric vehicle company have acquired San-Diego based batteries and ultra-capacitor maker Maxwell technologies for $235.0 million. This Deal gives Tesla access to the patented technology of Maxwell - the dry cathode technology, which would allow Tesla to develop its own set of battery cells with high density and durability. Maxwell technologies are considered to be the pioneers in the area of super capacitors, their dry battery electrode technology is projected to improve the battery energy capacity by 50.0%, which in effect will double the battery life. Major players in the electric vehicles batteries market are Panasonic Corporation, Mitsubishi Motors Corporation, Beijing Pride New Energy Battery Technology Co. Ltd, Automotive Energy Supply Corporation, BYD Company Ltd, Daimler AG, Robert Bosch GmbH, SAMSUNG SDI CO, Tianneng Power International Co. Ltd, and Johnson Controls. Asia Pacific was the largest region in the electric vehicles batteries market in 2021. Western Europe was the second-largest region in the electric vehicles battery market. The regions covered in the EV batteries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the electric vehicles batteries market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global electric vehicle (EV) batteries market is segmented - 1) By Battery Type: Lithium-Ion, Lead-Acid, Nickel-Metal Hydride, Sodium-Ion, Others 2) By Vehicle Type: Passenger Vehicles, Commercial Vehicles 3) By Propulsion: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV)

The electric car chargers market consists of sales of electric-car chargers by entities (organizations, sole traders and partnerships) that manufacture electric-car chargers. The charging point for electric vehicles is a device that links an electric vehicle (EV) to a source of electricity for electric cars, community electric vehicles and plug-in hybrids. The main types of electric car chargers are slow AC, fast AC, and fast DC. Slow AC charging is widely used in multi-dwelling structures, residences and fleet charging sites where cars have enough time to charge. The car takes about 5-8 hours to fully charge. The AC is converted to DC and fed directly into the battery by a converter. Electric car chargers are used in battery electric vehicles (BEV), plug-in hybrid electric vehicles (PHEV) and hybrid electric vehicles (HEV). The various charging infrastructures involved are CCS, CHADEMO, Normal Charge, Tesla Super Charger and Type 2 (IEC 621196). The electric chargers are used in different areas including homes, offices, and other commercial areas. The global electric car charger market size is expected to grow from $2.96 billion in 2021 to $3.98 billion in 2022 at a compound annual growth rate (CAGR) of 34.3%. The change in the electric car charger market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $13.30 billion in 2026 at a CAGR of 35.2%. The increasing demand for electric vehicles owing to growing environmental awareness is expected to drive the growth of the electric car charger market over the coming years. The world is moving towards electrified transportation to reduce the emissions of pollution from non-renewable fossil fuel vehicles and to offer transport with a substitute to costly fuel. According to EV-Volumes, a database of sales statistics, charging infrastructure, batteries, car models, and sales forecasts for plug-in cars, the number of plug-in vehicles that were sold in 2020 reached 3.24 million from 2.26 million in 2019. Therefore, the increasing sales of electric vehicles drive the growth of the electric car charger market. The impact of COVID-19 hampered the growth of the electric car charger market. The global automotive sector is experiencing a decline due to the lockdown in many nations, which has limited the growth of electric vehicles. For instance, in Germany, new registrations for electric cars decreased by 35% in the first quarter of 2020 compared to the same timeframe in 2019. Therefore, the outbreak of COVID-19 restrained the growth of the electric car charger market. The growing technological advancements are shaping the electric car charger market. Major companies operating in the electric car charger sector are focusing on developing technologically advanced solutions for electric car chargers. For instance, in February 2020, the Bengaluru-based start-up, Kirana Charzer, has launched an electric vehicle charger that can be mounted in small stores and businesses to accelerate the expansion of the electric vehicle charging network in the region. Kirana Charzer can be operated by any user on the Charzer application to deliver public EV charging and generate income via their charging point. In November 2021, Enphase Energy, a America-based energy technology company announced the acquisition of acquired ClipperCreek for au undisclosed amount. With this acquisition, Enphase will be able to enter the EV charging market and offer bi-directional charging, as well as vehicle-to-home and vehicle-to-grid applications. ClipperCreek is a US-based provider of electric vehicle (EV) charging solutions for residential and commercial customers. Major players in the electric car charger market are Leviton Manufacturing Co. Inc, ABB Ltd., Siemens AG, Schneider Electric Corp, AeroVironment Inc., Eaton, Evatran LLC, Tesla Motors Inc., Delphi Automotive Plc., and Bosch Automotive Service Solutions Inc. Asia Pacific was the largest region in the electric car charger market in 2021. The regions covered in the electric car chargers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the electric car charger market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global electric car charger market is segmented - 1) By Type: Slow AC, Fast AC, Fast DC 2) By Vehicle Type: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV) 3) By Charging Infrastructure Type: CCS, CHADEMO, Normal Charge, Tesla Super Charger, Type 2 (IEC 621196) 4) By Application: Home, Office, Commercial