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MARKET SUMMARY

1.1 Presentation and market definition

An electric vehicle is a vehicle propelled by one or more electric motors. The latter is supplied by a fuel cell, an accumulator battery or an internal combustion engine generator. Some cars run on electricity only, but there are also hybrid electric vehicles that run partially on electricity. (Statista)

The term "vehicle" encompasses several product categories, including electric and hybrid cars, electric two-wheelers (bicycles, motorcycles, scooters, etc.), but also electric buses or electric commercial vehicles. Particular attention will be paid in this study to fully electric vehicles.

Facing the development of environmental concerns, the electric vehicle appears to be a solution for the future and the market seems to benefit from a particularly favourable conjuncture, with the proliferation of new models, the fall of battery prices, innovative technologies, massive government support, etc.

The electric vehicles' market is currently proving to be dominated by a small number of manufacturers worldwide who leaves little room for new entrants. The strategies of the different market players are diverging in terms of preferred technologies, range levels and production models.

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