According to a new report published by Allied Market Research, titled, “Agricultural Electric Vehicles Market by Drive (2WD, 4WD), by Battery Type (Lithium Ion, Lead-Acid, Others) and by Propulsion Type (Battery Electric, Hybrid Electric): Global Opportunity Analysis and Industry Forecast, 2023-2032” Agricultural electric vehicles are vehicles that use an electric motor to obtain drive as opposed to the conventional internal combustion engine. Agricultural electric vehicles are more productive as compared to their IC engine. Electric farm vehicle uses a series of batteries to generate power and have fewer mechanical parts.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ – https://www.alliedmarketresearch.com/request-toc-and-sample/12599
Furthermore, the trend of consolidation of small farms and their acquisition by commercial farm owners is boosting the need for agricultural vehicles and is further expected to boost the sale of agricultural electric vehicles. The electric motors have double the torque and as a result are capable of pulling heavier loads. The 60-HP tractor can conduct the work of the 120 Hp diesel tractor. Electric tractors are cost-effective and thus lower the operational cost of agriculture, maximizing the yield. Rise in awareness about clean, sustainable farming, and advancement in electric vehicle technologies is anticipated to boost the development of high power agricultural vehicles during the forecast period.
However, lithium-ion batteries have several limitations that affect battery performance. The limitations of lithium-ion batteries include issues related to robustness (because they need to prevent overcharging and over discharging), limited power density, and short life (Usually 500-1,000 charge and discharge cycles are required to reduce capacity), and performance will fluctuate with changes in temperature, rigidity and high cost. Compared with graphite-based lithium-ion batteries, solid-state batteries made with stable lithium metal solid electrolytes can provide up to 10 times the charge capacity. In addition, solid-state batteries provide higher energy density, such as double the energy of the same volume, and a lifetime of up to 10 years.
๐๐๐๐๐๐๐๐ ๐ ๐๐๐ ๐๐๐๐๐๐ – https://www.alliedmarketresearch.com/agricultural-electric-vehicles-market/purchase-options
In addition, hybrid EV has improved the efficiency of agricultural vehicles in terms of fuel as well as government is also supporting the growth of market by providing subsidy and tax benefit on the purchase of agricultural electric vehicles. Companies are spending more on research and development of electric vehicle. For instance, In Nov 2019, CNH Industrial N.V STEYR showcased future farming technology with its STEYR Konzept a hybrid powered concept tractor. Also in March 2020 John deere showcased โJokerโ the fully autonomous electric tractor with articulated steering and a tracked single axle. Thus driving the agricultural electric vehicles market.
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ฐ๐จ๐ซ๐ค๐ฐ๐๐๐ซ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ง๐๐ฅ๐ฎ๐๐ – John Deere, CNH Industrial, AGCO, CLAAS, Mahindra & Mahindra, Mitsubishi Fuso, Motivo Engineering, Cummins, Dongfeng, Kubota
๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ
This study presents the analytical depiction of the agricultural electric vehicles along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with challenges of the agricultural electric vehicles.
The current market is quantitatively analyzed to highlight the agricultural electric vehicle growth scenario.
The report provides a detailed agricultural electric vehicles analysis based on competitive intensity and how the competition will take shape in coming years.
๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ – https://www.alliedmarketresearch.com/purchase-enquiry/12599
๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
Automotive Wiring Harness Market
https://www.alliedmarketresearch.com/automotive-wiring-harness-market
Agricultural Tractors Market
https://www.alliedmarketresearch.com/agricultural-tractors-market-A11511
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:ย
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
Web: http://www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com