Sweden Electric Vehicle market is estimated to grow at a CAGR of more than 18.0% during the forecast period. The rising need to address future energy requirements is one of the major factors to drive the growth of the 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. Under the Swedish government action plan for sustainable development, the government intends to halt the sales of all fossil-fueled cars by 2030 to cut emissions from transport by 70%. To fulfill this intention it is counting on considerable electrification of private cars by further increasing subsidies for purchase and manufacturing of electric vehicles in the country.
To Request a Sample of our Report on Sweden Electric Vehicle Market: https://www.omrglobal.com/request-sample/sweden-electric-vehicle-market
Moreover, in 2016, the Government implemented the subsidy mainly for electric buses. Under the subsidy scheme, both battery-electric and plug-in hybrid buses can be granted a variable rebate. A total of $6.3 million were allocated for this purpose and proposed for 2017-2019 as an annual budget of $12.6 million. The regulation specifies the size of the rebate and varies with the maximum transport capacity. The growing environmental concerns along with cohesive government initiatives are some other aspects to fuel the market growth in the country. The country has a considerable amount of electric vehicles however, the lack of charging stations to power these electric vehicles to affect its 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 vehicles and plug-in hybrid electric vehicles. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Based on the battery type, the Li-ion battery market segment is anticipated to witness considerable growth during the forecast period.
(Get 15% Discount on Buying this Report)
A full Report of Sweden Electric Vehicle Market is Available @ https://www.omrglobal.com/industry-reports/sweden-electric-vehicle-market
Sweden 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
- Daimler AG
- Jaguar Land Rover
- Mitsubishi Motors Corp.
- Nissan Motor Co.
- Porsche AG
- Renault Group
- Volkswagen AG
- Volvo Group
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
