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.
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.