The market can be segmented on the basis of vehicle propulsion, battery and vehicle. On the basis of vehicle propulsion, it is sub-segmented into battery electric vehicle (BEV) and plug-in hybrid vehicle (PHEV). Battery electric vehicle is expected to lead the vehicle propulsion segment during the forecast period. The high adoption of the electric vehicles in the various developing countries across the globe is anticipated to be the major factor driving the growth of the sub-segment during ... Read more