Electric Vehicles Market - Global Industry Analysis and Forecast to 2020 by Persistence Market Research
Electric vehicles are powered by electric motors, which uses energy from rechargeable batteries. Electric vehicle are more user and environmental friendly as compared with gasoline based vehicles. These vehicles do not produce any tailpipe emissions, reduces dependency on oil and are cheaper to operate. Based on their power source, there are three types of electric vehicles: directly powered from an external power station, powered by stored electricity originally from an external power source and powered by an on-board electrical generator.
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