Increase in Sales Due to Government Support is Driving the Norway Electric Car Market
Published: Feb 2021
Norway electric car market is projected to grow at a CAGR of more than 16.0% during the forecast period (2019-2025). The factors such as the highest ratio of sales of electric cars due to government support are driving the growth of the market. As per the government data in January 2021, in Europe, Norway was dominating the electric car market in 2020.
Government Subsidies to Surge the Japan Electric Two-Wheeler Market
Published: Feb 2021
Japan electric two-wheeler market is projected to grow at a considerable CAGR during the forecast period (2019-2025). The increasing government subsidies on EVs, and the increasing renewable energy sector are the key factors to make a considerable contribution towards the growth of the electric two-wheeler industry in the country. Japan government plans to have zero emission country by 2050 and want to tighten the emission target for vehicles by 2030.
Government Incentives and Subsidies to Control Pollution Drive the European Electric Two-Wheeler Market
Published: Feb 2021
The European electric two-wheeler market is projected to grow at a considerable CAGR during the forecast period (2019-2025). The key factors to propel the growth of the market include the increasing government initiatives and subsidies along with the need to control pollution. In 2019, in Luxembourg, subsidy up to $362 is available on the purchase of new electric bike and up to $604 is available on the purchase of motorcycle, moped, and light motorcycle.
Rising Need of Future Energy Requirement Drive the China Electric Rickshaw Market
Published: Feb 2021
China electric rickshaw market is projected to grow at a considerable CAGR during the forecast period (2019-2025). The factors that are propelling the growth of the market include the adoption of the electric rickshaw for public transport, rising need for energy requirement, and government incentives for the electric rickshaw is growing the China electric rickshaw market.
Incentive Programs Surge the Canada Electric Vehicle Market Growth
Published: Feb 2021
Canada electric vehicle market is expected to grow at a significant CAGR of over 18.0% during the forecast period (2019-2025). The factors that drive the growth of the market include the supportive programs to encourage the purchasse of Zero-emission vehicles. As of May 2019, all Canadians who purchase EVs or plug-in hybrids are eligible for an incentive of $2,500 to $5,000 depending on the dealer’s terms and conditions.
Government Incentives Driving the ASEAN Electric Two-Wheeler Market
Published: Feb 2021
The ASEAN electric two-wheelers market is projected to grow at a considerable CAGR during the forecast period (2019-2025). The factors that are propelling the growth of the market include rising government initiatives and incentives to increase the sale of electric vehicles. In February 2019, Indonesia announced a $4 billion Chinese-led project for the production of nickel laterite ore which is used in lithium batteries and this will attract EV production in the country.
Leading Battery Manufacturers to Drive North America Electric Vehicle Charger Market
Published: Feb 2021
The North America electric vehicle charger market is anticipated to grow at a significant rate during the forecast period (2019-2025). North America is one of the regions with a high number of electric vehicle manufacturers including Tesla which has been a major factor in the growth of the market.
Boost in Charging Infrastructure to Propel the Growth of Germany Battery Electric Vehicle Market
Published: Feb 2021
Germany battery electric vehicle market is projected to grow at a CAGR of more than 20% over the forecast period (2019-2025). Germany is one of the leading countries in Europe, where electric vehicle charging infrastructure is developing at a considerable pace, which is a primary factor driving the market growth. Various companies including the New Motion BV, Allego, Ionity, among others are operating substantial number of charging stations.
Launching of New Electric Two-Wheelers by the Companies Drive the UK Electric Two-Wheeler Market
Published: Feb 2021
The UK electric two-wheeler market is projected to grow at a considerable CAGR during the forecast period (2019-2025). Increasing investment by companies is to propel the growth of the electric-two-wheeler industry in UK. In February 2020, the UK government announced ban on the sale of the diesel and petrol vehicles, and electric vehicles to be brought forward by 2035, previously it was targeted 2040.
Increase in Sale of EV’s due to New Models Offering to Drive the European Electric Vehicle Market
Published: Feb 2021
The European electric vehicle market is projected to grow at a significant CAGR of more than 18.0% during the forecast period (2019-2025). The factors that propel the growth of the market include the rising sales of electric vehicles by the companies, new EV models, and the rising need for future energy requirements.