Renub Research’s report covers market dynamics power & energy sectors covering growth driver

Global Electric car numbers has increased in a phenomenal rate. By the end of 2015 the number of global electric car was slightly less than 2 Million.Hybrid Electric Vehicle controls the highest market share, but it is losing its market share year on year. Plug in Hybrid vehicle and Battery Electric Vehicles will gain most of the volume shares. Electric car is the future of automobile industry. Several car companies are trying to get a foothold into this market. But the credit goes to Toyota for being the first company to bring Hybrid vehicle for commercial sales to the market. Toyota had launched Toyota Prius in 1997, later on company provided the option of “Hybrid Synergy Drive” and Lexus versions as “Lexus Hybrid Drive” on the smaller cars like Camry. Lexus division also produced some hybrid luxury cars.Another automobile company Renault has launched four battery electric vehicles (BEVs), Renault Fluence Z.E., Renault Zoe, Renault Kangoo Z.E. utility van and the Ren

In the recent years autonomous car technologies have advanced to very encouraging levels and is expected to become commercially in few years. In few years new car models are using features such as parking assist system, adaptive cruise control etc. Self-Driving cars provides increased road safety and lesser accidents. In recent years various automobile companies like Mercedes-Benz, Nissan and General Motors etc. are working on autonomous cars.Even electric car companies like Tesla S have introduced some of the “autopilot” features in 2015, and Google leader in the autonomous car industry is expected to tie-up with some automobile manufactures to bring its self-driving car in the market. Global – Forecast for Sales of Self Driving/Automatic Car (Million), 2020 – 2035   Source: Frost & Sullivan, BI Intelligence, IHS, Renub Research Analysis As per an analysis from 2020 to 2025 the autonomous car is expected to grow with a CAGR of merely 5%, but from 2025 to 2035 it