Onset of Ola’s EV Manufacturing Plant in India to Accelerate India Electric Two-Wheeler Market
Published: Feb 2021
India electric two-wheeler market is anticipated to grow at a significant CAGR during the forecast period (2019-2025). Ola, a major ride-hailing Indian company is betting big on the Indian two-wheeler market by investing $330 million in building its EV plant in Tamil Nadu, India.
2020 Was a Modest Year for Australia Electric Car Market
Published: Feb 2021
Australia electric car market is expected to witness significant growth during the forecast period. The electric car market in the country is at the nascent stage, and new companies with new designs and new concepts are arriving in the Australian electric car industry.
Brazil and Argentina to be the Flag Bearer of Latin America Electric Car Market
Published: Feb 2021
The Latin America electric car market is anticipated to grow with a significant CAGR of 18.5% during the forecast period (2019-2025). In order to make electric vehicles a more viable choice for drivers and to promote more testing, Brazil is working to introduce legislation to facilitate the manufacture of electric vehicles.
Potency to Become EV battery powerhouse is Accelerating European EV battery Market
Published: Feb 2021
The European electric vehicle (EV) battery market is anticipated to grow at a lucrative CAGR during the forecast period (2020-2026). As per the American Chemical Society (ACS), Europe held only a 3.0% share of the global lithium-ion battery market in 2020.
Tesla Tabless Battery Design Present Lucrative Opportunity to the Global Electric Vehicle Battery Market
Published: Feb 2021
The global electric vehicle battery market is anticipated to grow at a considerable CAGR during the forecast period (2020-2026). The high cost and low range EVs are a major restrain for the higher adoption level of EVs across the globe. Therefore, there is a continuous need for innovation in battery design to make it more compact & powerful to increase the range of EVs.
Paramountcy of BYD to Formulate the Global Electric Bus Market
Published: Jan 2021
The global electric bus market is anticipated to grow at a significant CAGR of 17.0% during the forecast period (2020-2026). BYD Co., Ltd. is a China-based manufacturer of electric buses and one of the major players in the global market. BYD leads the global electric bus market by winning some of the largest orders for manufacturing of pure electric buses outside China.
Increasing Investment in Electric Vehicles Drive the Growth of Electric Car Market
Published: Jan 2021
Electric car market is anticipated to grow at a significant CAGR of 19.0% during the forecast period (2024-2031). The market growth is attributed to the growing demand for fuel-efficient, advancements in features including increased range, decreased charging time and supportive government policies globally driving the growth of the market. The developing countries are investing heavily in electric vehicles (EVs) and EV charging infrastructure in addition to conducting research and development for more rapid and effective charging techniques, longer-range EVs, and more affordable batteries.
Toyota-Panasonic venture a Big Move for Japan Electric Vehicle Battery Market
Published: Jan 2021
Japan electric vehicle (EV) battery market is anticipated to grow at a significant CAGR of 10.0% during the forecast period (2019-2025). According to the International Energy Agency (IEA), in 2019, Japan held only a 2.5% share in the new global electric car sales. Moreover, a downfall of around 28.0% in EV sales is also witnessed in 2020 in the country.
Well-Established Market Player Drives China Electric Bus Market
Published: Jan 2021
China electric bus market is anticipated to grow at a significant CAGR of around 12.0% during the forecast period (2019-2025). China is a key player in the global electric bus market and is anticipated to sustain its dominance during the forecast period. In May 2020, more than 420,000 electric buses were in China which is about 99.0% of the global fleet.
Partnerships to Introduce Smart Electric Cars: New trend in China Electric Car Market
Published: Jan 2021
China electric car market is anticipated to grow at a significant CAGR during the forecast period (2019-2025). In 2020, a positive single-digit growth compared to last year was witnessed in the EV sales in China. The country updated its fuel economy standard for light-duty vehicles for 2021-2025 in January 2020 for the country's new vehicle fleet in 2025.