Press release
EV Platform Market is Estimated to Reach USD 65.51 billion by 2030: Cognitive Market Research
EV Platform Market is Estimated to Reach USD 65.51 billion by 2030: Cognitive Market Research
What is an EV Platform?
EV platform, or electric vehicle platform, is the underlying architecture or foundation on which an electric vehicle is built. It refers to the set of components that are responsible for propelling the vehicle using electric power, including the battery pack, electric motor, power electronics, and other related systems. An EV platform is designed to optimize the performance, range, and efficiency of the electric vehicle. The architecture and design of the platform can vary depending on the type of vehicle, such as a passenger car, truck, or bus, and the specific needs of the manufacturer. Many car manufacturers are now investing heavily in developing EV platforms to create a range of electric vehicles that meet the growing demand for sustainable transportation. By designing and producing their own EV platforms, manufacturers can control the performance, reliability, and cost of their electric vehicles, which helps them to stay competitive in the fast-growing electric vehicle market.
Summary:
As per the study of CMR, The Global EV platform market was valued at USD 8.73 Billion in 2022 and will grow at a CAGR of 26.6% between the forecast period of 2023-2030 and reach USD 65.51 billion by 2030.
To know more about The EV Platform Market statistics click here: https://www.cognitivemarketresearch.com/ev-platform-market-report
What are the driving factors for the EV Platform Market?
Awareness about the benefits of modular EV platforms over conventional chassis, and increasing demand for EVs are the major driving factors for the EV platform market. EV demand is increasing due to hikes in fuel prices and environmental concerns, which is fuelling market growth. Governments all across the world are also putting laws into place to promote the use of EVs, such as tax breaks and subsidies. This is influencing positive market trends for suppliers of EV platforms. Because of their advantages for the environment, cheaper running costs, and better driving experiences, EVs are gaining more and more consumer interest.
Throughout the course of the projection period, rising R&D expenditures by automakers may also present opportunities for the market for EV platforms. However, the high initial cost of EV Platforms may limit the market's expansion.
Market Segmentation:
EV Vehicle Type:
• PHEV
• BEV
Vehicle Type:
• Sedans
• Hatchback
• Utility Vehicles
Component:
• Steering Systems
• Suspension Systems
• Batteries
• Motor Systems
• Chassis
• Brake Systems
• Electronic Control Units
Platform:
• P0
• P1
• P2
• P3
• P4
• P5
Competitive Analysis of EV Platform Market: Alcraft Motor Company, Daimler, BYD, Baic Motor, CHERY ELECTRIC VEHICLES, BMW, Fisker, Canoo, Byton, Faraday Future, Hyundai, Nissan Motor, Ford, REE Auto, JAC, Honda, Geely, Open Motors, Kia Motors, General Motors, Zotye, Rivian, XAOS Motors, Volvo, Volkswagen, Saic Motor, Toyota
Get free sample pages of the latest published EV Platform Market Report: https://www.cognitivemarketresearch.com/ev-platform-market-report
Global EV Platform Market Regional Analysis
As per the CMR study, Asia Pacific is dominating the global EV Platform market. This is because key EV markets like Japan, China, and Taiwan have adopted electric public transit options. In addition, due to the growing air pollution, and increasing fuel prices, people are preferring EVS over fuel-based automobiles, which is also propelling market growth in this region. On the other hand, North America is estimated as the second largest market for EV platforms, owing to the well-established domestic market and the presence of major EV manufacturers like Tesla.
EV Platform Market Industry News:
Ford and VW have extended their collaboration on the MEB electric platform (March 2022)
The VW Group and Ford Motor Company are growing their e-mobility partnership. Ford intends to build a further electric vehicle based on the MEB platform for the European market. In addition, during a six-year period, the manufacturer will increase its anticipated MEB volume to 1.2 million cars.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global EV Platform Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 EV Platform Market Segmentation
1.5.1 EV Platform Market Regional Fragmentation
1.5.1 EV Platform Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of EV Platform Market
• 3.1 Global EV Platform Market Size 2018 - 2030, (USD Million)
• 3.2 Global EV Platform Value, Absolute & Opportunity Analysis
• 3.3 Global EV Platform Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global EV Platform Market Statistics 2022: Snapshot
Chapter 4 Global EV Platform Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global EV Platform Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global EV Platform Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global EV Platform Market by Component Segmentation Analysis (2018-2030)
Chapter 12 Global EV Platform Market by Platform Segmentation Analysis (2018-2030)
Chapter 13 Global EV Platform Market Regional Analysis
Chapter 14 North America EV Platform Market Outlook (2018 - 2030)
Chapter 15 Europe EV Platform Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific EV Platform Market Outlook (2018 - 2030)
Chapter 17 Latin America EV Platform Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa EV Platform Market Outlook (2018 - 2030)
Chapter 19 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The EV Platform Market TOC click here: https://www.cognitivemarketresearch.com/ev-platform-market-report#table_of_contents
Related report:
• Connected Tire Market- https://www.cognitivemarketresearch.com/connected-tire-market-report
• Alternative Powertrains Market- https://www.cognitivemarketresearch.com/alternative-powertrains-market-report
• Electric Vehicle Market- https://www.cognitivemarketresearch.com/electric-vehicle-market-report
• EV Adhesives Market- https://www.cognitivemarketresearch.com/ev-adhesives-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly
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