Automotive Digital Marketing

Professional Community for Car Dealers, Marketing, Advertising and Sales Leaders

Loading... Be Patient!

What is Electric Vehicle?

An electric vehicle, which is also known as an EV, is a vehicle that uses more than one electric motors or traction motors for propulsion. An electric vehicle can be powered through a collector system by electricity from off-vehicle sources or can be self-contained as well. Electrical vehicles are self-contained through electric generators (to convert fuel to electricity), solar panels or a battery. Types of electric vehicles include passenger cars (PC) as well as commercial vehicles (CV), these include road and rail vehicles, surface and underwater vessels and more.

There are several benefits to electric vehicles such as the eco-friendliness of the vehicles, the low maintenance required for the upkeep of the vehicles as well as the overall reduction in noise pollution. These factors are driving the electric vehicle market. Factors such as the requirement for recharge points (which are found sparely in some areas) as well as the high initial cost is restraining the market.

Electric Vehicle Future Market:

As per one of the research firm, Electric Vehicle Market will be USD  687.67 Billion by 2025 and the average growth rate will be 30.79%. So it does make sense to invest in EVs at earliest.

Benefits of Electric Vehicle:

There are several benefits to electric vehicles such as the eco-friendliness of the vehicles, the low maintenance required for the upkeep of the vehicles as well as the overall reduction in noise pollution.

Disadvantage of Electric Vehicle:

Factors such as the requirement for recharge points (which are found sparely in some areas) as well as the high initial cost 

Tags: EV, Electric, Future, Market, Vehicle

Views: 18

Reply to This

Automotive Professional Network and Resource Exchange for Car Dealers, Managers, OEM and Marketing Practitioners seeking Best Practices.

ADM Sponsor

Please Consider Automotive Marketing Professional Community Sponsors

ADM Badge

Loading…

Based On Your Interests...

ADM Consulting, LLC

Onsite/Offsite Combination ADM Consulting, LLC Professional Services
Select the maximum monthly investment you plan to make
$USD
Sign up for

Automotive Marketing Tools

Get ADM Toolbar

Click here to take the ADM Member Survey

Getting too many emails from ADM? Click mailbox below to control which types of alerts and updates you are sent......


Instagram

Top Automotive Marketing Forum Discussions

1. Electric Vehicle is the Future

Posted by Dwayne Jhonson on August 29, 2019

2. Email marketing

Posted by Andrew Qrueed on August 26, 2019

4. 5 Ideas for car dealers FB page

Posted by Kevin Lewis on August 6, 2019

Share the Best Content w/AutoMarketing Community

© 2019   Created by Ralph Paglia.   Powered by

ADM Badges  |  Report an Issue  |  Terms of Service