Europe electric vehicle motor market is forecast to grow at a CAGR of more than 20% during the forecast period. Europe is one of the fastest-growing markets for electric vehicles globally. Around 564,000 electric cars were sold in Europe in 2019 with a growth of 45.5% YoY. It provides a significant opportunity for the EV […]
Category Archives: Electrical Vehicles
Japan electric vehicle motor market is anticipated to grow at a CAGR of more than 16% during the forecast period. In 2019, the country was the second-largest EV market in Asia-Pacific after China. Moreover, the government announced the target to sell all new cars in Japan to be electric or hybrid by 2050. Major companies […]
China electric vehicle motor market is anticipated to grow with a significant CAGR of 20% during the forecast period. China is one of the largest electric vehicle producers across the globe with the presence of some of the automobile companies including SAIC, FAW, Dongfeng, Chana, BAIC, GAC, Chery, BYD, and Geely. Most of the EVs […]
Germany electric vehicle motor market is forecast to augment at a CAGR more than 20% during the forecast period. It is a major automotive manufacturer in the region and also was the largest EV market in Europe in 2019. Presence of various auto ancillary companies in the country such as Continental AG, Robert Bosch GmbH, […]
The global electric vehicle motor market is expected to augment at a CAGR of more than 18% during the forecast period. Growth in the electric vehicle market globally is one of the major motivators for the market. Cohesive government regulations, development of charging infrastructure, technological advancement of electric motor & battery are some other key […]
The UK electric car market is anticipated to grow with a significant CAGR of 20.0% during the forecast period. The primary factors that are expected to drive the UK electric car market include rising competition, increasing awareness regarding zero-emission vehicles, and rising government initiatives for the adoption of electric cars. The federal government of the […]
The Switzerland Electric Car Market is anticipated to grow with a significant CAGR of 21% during the forecast period. Growing demand for zero-emission vehicles, stringent government regulations and rising charging infrastructure across the country are major factors that are expected to propel the Switzerland electric car market. In 2018, just 2% of all passenger cars […]
[et_pb_section][et_pb_row][et_pb_column type=”4_4″][et_pb_text] The Sweden electric car market is projected to grow at a significant CAGR of more than 20% during the forecast period. The key factors propelling the growth of the market include government support in the country. According to BIL Sweden, In March 2020, out of total new registrations, 32.2% share of the rechargeable […]
Spain electric car market is anticipated to grow with a significant CAGR of 21.0% during the forecast period. Growing environmental concerns, rising government initiatives, and the rising demand for zero-emission vehicles are expected to drive the market. A growth of around 48% was reported on the Spain electric car market in 2019 and reached around […]
The South Korea electric car market is anticipated to grow with a significant CAGR during the forecast period. The major factors that are driving the South Korean electric car industry include rising competition among EV makers, government subsidies, and rising demand for zero-emission vehicles. The main electric cars in the country include Tesla Model 3, […]