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.
Investment in Electric Car Charging Stations to Promote European Electric Car Market
Published: Jan 2021
European electric car market is anticipated to exhibit considerable growth during the forecast period (2019-2025). High disposable income, favorable government policies, government subsidies, and continuous introduction of the new car models are some of the major factors to encourage electric cars across Europe.
German Funding for E-Buses will Promote Germany Electric Bus Market
Published: Jan 2021
Germany electric bus market is estimated to grow at a considerable CAGR during the forecast period (2019-2025). Funding plays a crucial role in purchasing electric buses. In Germany, municipalities are considered to be the key end-users of electric buses to decline the carbon emission level. Berlin, Frankfurt, and Hamburg municipalities are under the impression of purchasing electric buses to limit the carbon emission level.
Modular EV Technology: New Opportunity for Germany Electric Vehicle Market
Published: Jan 2021
Germany electric vehicle (EV) market is anticipated to grow at a significant CAGR of 23.0% during the forecast period (2019-2025). Germany is a major automotive market player across Europe. According to Germany Trade and Invest, in 2019, Germany accounted for around 25.0% of all passenger cars manufactured (4.7 million) and approximately 20.0% of all new car registrations (3.6 million).
Construction of New Electric Vehicle Battery Plant to Boost Germany Electric Vehicle Battery Market
Published: Jan 2021
Germany electric vehicle (EV) battery market is anticipated to grow at a significant double-digit CAGR during the forecast period (2019-2025). The existence of cohesive government programs and initiatives are driving the sale and manufacturing of EVs in Germany. It is a major factor that is generating the demand for EV batteries in the country.
Partnership & Collaboration: Key trend in India Electric Bus Market
Published: Jan 2021
India electric bus market is anticipated to grow at a considerable CAGR during the forecast period (2019-2025). Rapid urbanization, rise in demand for improved public transport along with cohesive government initiatives and schemes to promote adoption of EVs. It is encouraging OEM to manufacture electric buses with high range capacity.