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Electric Vehicle Market - Expected to Reach USD 342.50 Billion by 2022 - Research and MarketsDUBLIN, April 7, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "Electric Vehicle Charging Stations Market by Charging Station, Connector Type (Chademo, CCS, Others), Location (Public, Private), and Geography - Global Trend and Forecast to 2022" report to their offering. An electric vehicle (EV), also referred to as an electric drive vehicle, uses one or more electric motors for propulsion. The electric vehicle market is expected to reach USD 342.50 Billion by 2022, at a CAGR of 61.0% between 2016 and 2022. Private charging stations are estimated to lead the overall electric vehicle charging stations market between 2016 and 2022. This is mainly because many EV and PHEV owners rely on charging their vehicles overnight at home to ensure that their EV is ready for use the next day. Further, a home charging station requires a dedicated circuit or it can be a portable system. APAC accounted for the largest share of the electric vehicle charging stations market in 2015. The growth is mainly due to high EV infrastructure spending and the increasing use of electric vehicles in countries such as China and Japan. Further, countries such as South KoreaIndia are taking huge initiatives to reduce greenhouse gas emissions by increasing the production of electric vehicles across the country and investing for the expansion of the charging infrastructure. One of the key restraining factors for the growth of this market is high pricing and short range of electric vehicles. The range of electric vehicles is shorter than that of fuel-based cars. Users usually prefer covering a long range without any interruption, especially for long-route trips; this factor could stop them from purchasing EVs. Further, the pricing of EVs is also a constraint. EVs are more expensive than conventional vehicles. The high cost of EVs could lower their demand, hindering their deployment and the growth of the EVCS market. However, in the near future, it is expected that the price of EVs would drop, thus leading a high adoption of EVs. Companies Mentioned:
Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights - Electric Vehicle Charging Stations Market 5 Market Overview 6 Industry Trends 7 Electric Vehicle Market, By Vehicle Type 8 Ev Battery Market, By Type 9 Evcs Market Analysis, By Charging Station 10 Evcs Market Analysis, By Connector Type 11 Evcs Market Analysis, By Location 12 Market, By Geography 13 Competitive Landscape 14 Company Profiles For more information visit http://www.researchandmarkets.com/research/8h3lnj/electric_vehicle Media Contact: Research and Markets Laura Wood, Senior Manager For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716
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