The Netherlands Electric Vehicle (EV) market is estimated to grow at a CAGR of more than 18% during the forecast period. The rising need to address future energy requirements is one of the major factors to drive the growth of the market. The EV market is emerging as an integral part of the automotive industry that provides a pathway to achieve a higher level of energy efficiency with a reduced level of pollutant emissions and other greenhouse gases. The Netherlands Electric Vehicle (EV) market is estimated to grow at a CAGR of more than 18% during the forecast period. The rising need to address future energy requirements is one of the major factors to drive the growth of the market. The EV market is emerging as an integral part of the automotive industry that provides a pathway to achieve a higher level of energy efficiency with a reduced level of pollutant emissions and other greenhouse gases. The growing government tax incentives combined with other waivers such as free parking and charging in public places work are some other aspects to fuel the market growth in the country.
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To increase the number of charging stations in the country to accommodate the growing number of EVs the Dutch government, local businesses, and educational institutions have entered a partnership to follow the green deals approach. Dutch Living Lab Smart Charging is among the highly considerable instances of public-private EV partnerships in the Netherlands. Living Lab focuses majorly on finding a way to charge EVs in a cost-effective and energy-efficient manner by the use of renewable solar and wind energy. The growing public-private partnerships are further fueling the market growth in the Netherlands. However, the high cost of batteries and the low-range availability of electric vehicles are the key restraints to the market growth in the country.
The market is segmented on the basis of vehicle type, propulsion technology, and battery type. Based on vehicle type, the market is sub-segmented into commercial vehicles, passenger cars, and two-wheeler. Based on propulsion technology the market is sub-segmented into battery electric vehicle, plug-in hybrid electric vehicle. Based on Battery Type, the market is sub-segmented into NiMH, Li-Ion, and others. Based on battery type, the Li-ion battery is anticipated to witness considerable growth during the forecast period.
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Electric Vehicle Market Segmentation
By Vehicle Type
- Commercial Vehicles
- Passenger Cars
- Two-Wheelers
By Propulsion Technology
- Battery Electric Vehicles
- Plug-in Hybrid Electric Vehicle
By Battery Type
- NiMH
- Li-Ion
- Others
Company Profiles
- Audi AG
- BMW AG
- Hyundai Motor Co.
- Kia Motors Corp.
- Mitsubishi Motors Corp.
- Nissan Motor Co.
- General Motors Co.
- Renault Group
- Tata Motors Ltd. (Jaguar)
- Tesla, Inc.
- Volkswagen AG
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