Norway electric car market is projected to grow at a CAGR of more than 16.0% during the forecast period. The factors such as the highest ratio of sales of electric cars due to government support are driving the growth of the market. As per the government data in January 2021, in Europe, Norway was dominating […]
Category Archives: Electrical Vehicles
The Netherlands electric Car market is anticipated to grow with a significant CAGR of more than 23% during the forecast period. The Netherlands is a frontrunner in adopting electric car among all the European Union member countries. The primary factor of this development is the environmental awareness of the authorities of the country. The European […]
The Latin America electric car market is anticipated to grow with a significant CAGR of 18.5% during the forecast period. In order to make electric vehicles a more viable choice for drivers and to promote more testing, Brazil is working to introduce legislation to facilitate the manufacture of electric vehicles. The government of Brazil has […]
The Japan electric car market is projected to grow at a significant CAGR during the forecast period. 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. Moreover, the government’s plan to double […]
The India electric car market is anticipated to grow at an exponential CAGR during the forecast period. In India, cohesive government policies, and the presence of a huge customer base are the prominent factors that are promoting demand for clean and green energy cars. For instance, as a part of the Faster Adoption and Manufacturing […]
The US battery electric vehicle market is estimated to grow at a CAGR of more than 18.0% during the forecast period. In the last two quarters of 2019, electric vehicle sales were down as compared to 2018. However, with the decreasing prices of the EV in the near future, the market of EV is expected […]
Australia’s electric vehicle (EV) market is estimated to grow at a CAGR of over 11.0% during the forecast period. The rising need to address future energy requirements is one of the major factors to drive the growth of the EV market in Australia. The country has adopted a national strategy for EVs to facilitate Australians […]
The Asia-pacific electric vehicle battery market is estimated to grow at a considerable growth rate during the forecast period. The declining lithium-ion battery prices, rapidly increasing adoption of electric vehicles, and the growing renewable sector are the key factors to contribute towards the growth of the electric vehicle battery market in the region. Japan and […]
China’s electric vehicle battery market is estimated to grow at a CAGR of over 9.0% during the forecast period. The cohesive government programs and initiatives to fuel the sale and manufacturing of electric vehicle in China is a major factor that is generating the demand for electric vehicle battery market in the country. China is […]
Germany electric vehicle battery market is anticipated to showcase a double-digit growth rate during the forecast period. Cohesive government initiatives, presence of well-established automobile manufacturing industry, and rising electric vehicle sales are the major factors that are making significant contribution towards the growth in the electric vehicle batteries market share. To accelerate large-scale battery production […]