Favorable Government Policies for Adoption of Electric Vehicle to Drive the US Electric Vehicle Motor Market
Published: Feb 2021
The US electric vehicle motor market is projected to grow at a CAGR of more than 17% during the forecast period (2019-2025). The factors that propel the growth of the market include increasing adoption of electric vehicles, rising environmental concern for pollution, and an increase in favorable policies for the adoption of electric vehicles.
Rise in Development of EV Charging Infrastructure to Drive the US Electric Vehicle Charger Market
Published: Feb 2021
The US electric vehicle charger market is projected to grow at a significant CAGR of around 17.0% during the forecast period (2019-2025). The factors that propel the growth of the market include an increase in penetration of electric vehicles and the development of electric vehicle charging infrastructure.
Tesla is increasing Investment in EVs Drive the US Electric Vehicle Market
Published: Feb 2021
The US electric vehicle market is projected to grow at a significant CAGR of more than 23.0% during the forecast period (2019-2025). The factors that propel the growth of the market include rising investments in electric vehicles and increasing adoption of electric vehicles in commercials and government sectors.
Benefits Over Diesel Buses Will Augment the US Electric Bus Market
Published: Feb 2021
The US electric bus market is projected to grow at a considerable CAGR during the forecast period (2020-2026). The market growth is attributed to the increase in the availability of government and private funding for the deployment of electric buses in the country. Government, as well as private organizations, are also adopting the buses due to various advantages offered by the electric buses.
Availability of Government and Private Funding for Electric Buses Drive the UK Electric Bus Market
Published: Feb 2021
The UK Electric Bus market is projected to grow at a considerable CAGR during the forecast period (2019-2025). The market growth is attributed to the growth in controlling greenhouse gases (GHG) emissions and the increase in the availability of government and private funding for electric buses. The UK government had invested $72 million to introduce 105 double-decker electric buses between 2019 and 2020.
BYD, A Domestic Company is Leading in China Electric Vehicle Market
Published: Feb 2021
China Electric Vehicle market is projected to grow at a significant CAGR of more than 17.0% during the forecast period (2019-2025). The factors that propel the growth of the market include the growing the demand for electric vehicle. Tesla is selling more EV in an hour as compared to other EV companies. Build Your Dream (BYD), a Chinese EV company is after the Tesla.
Government initiatives is Driving the Asia-Pacific Electric Rickshaw Market
Published: Feb 2021
The Asia-Pacific electric rickshaw 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 increase in urban population coupled with the rising need to address future energy requirements. India is one of the major countries contributing to the e-rickshaw market in the region.
M&A and Government Subsidiaries Led to Growth of the Asia-Pacific Electric Bus Market
Published: Feb 2021
The Asia-Pacific electric bus market is projected to grow at an exponential CAGR during the forecast period (2019-2025). The factors that propel the growth of the market include increasing government subsidies and growing concern about alarming air pollution levels. In November 2019, BYD Auto announced a partnership with ETO motors to assemble the vehicle and enter the electric cargo vehicles (bus) sector in India.
Plan to Implement a Fully Electric Public Transport System to Drive the France Electric Bus Market
Published: Feb 2021
France electric bus market is estimated to grow at a significant CAGR during the forecast period (2019-2025). The growing adoption of electric vehicles in the country to deal with the rising environmental concerns is one of the major factors to drive the growth of the market.
Expansion of Network of Charging Points to Drive China Electric Vehicle Charger Market
Published: Feb 2021
China electric vehicle charger market is projected to grow at a CAGR of over 26.0% during the forecast period (2019-2025). The increasing number of charging points in the country significantly drive the growth of the market.