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.
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.