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.
Investment in E-Bus Infrastructure to Drive the Canada Electric Bus Market
Published: Feb 2021
Canada electric bus market is estimated to grow at a significant CAGR during the forecast period (2019-2025). The on-going projects regarding the efficiency of the electric buses in the country to drive the regional growth of the market. Moreover, the government initiatives to surge the adoption of zero-emission buses and charging infrastructure will drive the growth of the Canada electric bus industry in the near future.
India to Witness Tremendous Growth in the Asia-Pacific Electric Vehicle Market
Published: Feb 2021
Asia-Pacific Electric Vehicle market is estimated to grow at a CAGR of over 21.0% during the forecast period (2019-2025). China, Japan, India, and South Korea are the major countries contributing significantly to the regional growth of the market. India is a very potential region in terms of EV industry growth. Tesla has already announced to enter the Indian electric vehicle industry.
Start-Ups Showcasing Made in India Electric Car to Create Opportunity for India Electric Vehicle Market
Published: Feb 2021
The India electric vehicle market is projected to grow at a significant CAGR during the forecast period (2019-2025). The market growth is attributed to the increasing interest of start-ups in the domestic market of the EV landscape. For instance, in January 2021, Ozon Motors announced to debut in India. The company will unveil its first product (Alice Urban) in 2021 (month not specified) as a potential game-changer for the domestic EV segment.
Increasing Environment Concern May Drive Canada Electric Car Market
Published: Feb 2021
The Canada electric car market is projected to grow at a significant CAGR during the forecast period (2019-2025). The market growth is attributed to the increasing environmental concern that has encouraged the adoption of electric cars in the country. According to the International Energy Agency, Canadians drive the most polluting cars across the globe.
Government Plan to Double EV Subsidy Will Accelerate Japan Electric Car Market
Published: Feb 2021
The Japan electric car market is projected to grow at a significant CAGR during the forecast period (2019-2025). The market growth is attributed to the supporting government policies. The government has planned to phase out gasoline-powered electric cars by mid-2030, which will ultimately drive the electric car industry in Japan.