Rising Environmental Concerns Along with the Available Federal and Private Funding is Driving European Electric Bus Market
Published: Feb 2021
The European electric bus market is projected to grow at an exponential CAGR during the forecast period (2019-2025). The key factors that propel the growth of the market include the rising acceptance of the electric buses due to the rising environmental concerns along with the available government and private funding. In January 2021, according to the Transport and Environment (T&E), EU announced its aim to achieve zero emission by 2050.
New Electric Vehicle Chargers in Quebec and New Brunswick to Drive Canada Electric Vehicle Charger Market
Published: Feb 2021
Canada electric vehicle charger market is projected to grow at a double-digit growth rate during the forecast period (2019-2025). The increasing investment coupled with the increasing installation of the new charger in the country tends to drive the regional growth of the market. The Government of Canada has committed to building a clean energy future for strengthening the economy and supporting the natural resource sectors.
Rising Investment by the Top Companies is Driving the Asia-Pacific Electric Two-Wheeler Market
Published: Feb 2021
The Asia-Pacific electric two-wheeler market is projected to grow at a considerable CAGR during the forecast period (2019-2025). The increasing investment by companies is the key factor to propel the growth of the electric-two-wheeler industry in Asia-Pacific. In January 2021, Kabira Mobility, a Goa-based electric vehicle startup announced to launch KM 3000 and KM 4000 electric bikes nationwide in February 2021.
Supportive Government Regulations and Subsidies by Government to Drive the Asia-Pacific Electric Car Market
Published: Feb 2021
The Asia-Pacific electric car market is projected to grow at a significant CAGR of more than 23.0% during the forecast period (2019-2025). The factors that contribute to the growth of the market include supportive government regulations and subsidies by the government to reduce the dependency on oil and to decrease carbon emission.
Tax Incentives to Promote ASEAN Electric Car Market
Published: Feb 2021
The ASEAN electric car market is projected to grow at a CAGR of over 22.0% during the forecast period (2019-2025). Key economies contributing to the market growth include Singapore, Indonesia, the Philippines, and Thailand. The market growth is attributed to the tax incentives provided by the government in the region.
Rising Need to Address Future Energy Requirements Drive the South Africa Electric Vehicle Market
Published: Feb 2021
South Africa electric vehicle market is projected to grow at a significant CAGR of over 18.0% during the forecast period (2019-2025). The rising need to address future energy requirements is one of the major factors to drive the growth of the market. Nissan Motor Co., BMW AG, and Volkswagen AG are carmakers and has planned to bring the electric car to South Africa, as the nation’s auto factory still left behind in the global to switch to electric vehicles.
Deployment of New Charging Station in the Country to Drive the Netherlands Electric Vehicle Charger Market
Published: Feb 2021
The Netherlands electric vehicle charger market is anticipated to grow at a CAGR of around 23.0% during the forecast period (2019-2025). Significant growth in the charging infrastructure development has been witnessed in the country. Moreover, the deployment of new EV charging stations in the region will further drive the growth of the Netherland electric vehicle charger industry.
India to Show Lucrative Growth in the Global Electric Vehicle Charger Market
Published: Feb 2021
The global electric vehicle charger market is projected to grow at a CAGR of over 20%during the forecast period (2019-2025). Asia-Pacific is estimated to exhibit lucrative growth in the global market. Economies such as China, India, and Japan contribute significantly to the growth of the market. Supportive government support is one of the major factors to drive the growth of the global electric vehicle charger industry.
Absence of Domestic Electric Vehicle Manufacturer to Challenge to Brazil Electric Vehicle Charger Market
Published: Feb 2021
The Brazil electric vehicle charger market is anticipated to grow considerably during the forecast period (2019-2025). Brazil is a small market for electric vehicle chargers, as sales of electric vehicles are poor in Brazil relative to other countries. According to the International Energy Agency, about 430 electric cars were sold in Brazil in 2018 as compared to 360 in 2017, which is not enough sales considering Brazil as one of the fastest-growing economies.
China Is Expected Be A Leading Force in Asia-Pacific Electric Vehicle Charger Market
Published: Feb 2021
The Asia-Pacific electric vehicle charger market is anticipated to grow with a significant CAGR of over 24.0% during the forecast period (2019-2025). China is expected to contribute substantially to the growth of the market owing to the presence of various charger manufacturing companies and the country’s manufacturing capacity to produce a large number of chargers for domestic and international needs.