Search results for: 'service market'

26 Sep 2019  |  Asia Pacific  |  Market Research

Strategic Analysis of China’s Electric Passenger Vehicle Market, 2018–2025

New Energy Vehicles (NEVs) and Government Regulations to Rapidly Boost Chinese EV Market

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In 2018, Chinese electric passenger vehicle sales increased by 78.3% year-on-year and achieved total sales of 1,181,920 units. Going forward, the electric passenger vehicle market is forecasted to experience rapid growth at a compound annual growth rate (CAGR) of 29.9% during 2018–2025. China’s electric passenger vehicle market is greatly boosted ...

About 2 million electric vehicles were sold globally out of which 68.7% were battery electric vehicles (BEV) and 31.3% were plugin hybrid electric vehicles (PHEV) recording a y-o-y market growth of 57.3%. China retained its market leadership for the 5th consecutive year with a 55.5% share, selling approximately 1.1 million electric vehicles (75% of...

31 Mar 2021  |  South Asia, Middle East & North Africa  |  Market Research

Digitization Powers the Indian Passenger Vehicle Industry, Outlook 2021

New Business Models Involving Virtual Showrooms, Online Platforms, and Subscription Services Create Growth Opportunities

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Indias automotive industry is one of the 5 largest in the world. Currently, the countrys passenger vehicle (PV) sector accounts for nearly 7.5% of gross domestic product (GDP) and nearly 49.0% of manufacturing GDP. In the recent past, the Indian PV industry took a massive qualitative jump as vehicles became increasingly safer and environment-friend...

The residential battery storage market is being spurred on by feed-in tariff and net metering revisions in residential PV hotspots, subsidies and tax incentives, rapid reductions in lithium-ion battery prices, and rising electricity tariffs. This is resulting in a shift from policy-driven markets for solar power grid trade to self-consumption-drive...

As we move into the new decade, the electric vehicle (EV) industry is likely to experience total sales of over 2.5 million units (including battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). Majority of the US OEMs are likely to reduce PHEV models and introduce BEV models in their product lines. Over 450 models—300 BEVs ...

Environmental concerns resulting from the increasingly apparent climate change effects drive the worldwide adoption of sustainable transportation. With governments phasing out vehicles that run on fossil fuels through stringent emissions regulations, people are purchasing electric vehicles (EVs) in significant numbers. The global EV market recorded...

20 Feb 2015  |  Asia Pacific  |  Market Research

Strategic Analysis of the Chinese Powertrain Market

Gasoline Powertrain to Gradually Make Way for Electric Powertrain by 2020

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This research service provides a detailed strategic analysis of the Chinese powertrain market during 2013–2020. It includes an executive summary, research scope, objectives, methodology and background, definitions and segmentation, market overview, Mega Trends and industry convergence implications, total market analysis, external challenges—drivers...

10 Dec 2020  |  Europe  |  Market Research

Strategic Analysis of the Electric Vehicle Market in Norway

The Benchmark for EV Adoption

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The automotive industry is rapidly evolving in terms of technology and tackling environmental issues. Electric vehicles (EVs) have been introduced as a clean energy initiative as they have low or zero emissions and are becoming an integral part of the OEMs business strategies. Automakers are creating separate EV business units to prepare for the ex...

03 Dec 2019  |  Latin America  |  Market Research

Analysis of the Latin American Electric Vehicle Market, Forecast to 2025

More than 114.7 Thousand HEVs, 23.3 Thousand BEVs and 20.3 Thousand PHEVs to be Commercialized in 2025

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Key Issues Addressed

The years 2018–2019 represented an inflection point for the nascent Latin American market of electric vehicles (EVs). Local governments have incorporated into their agenda the notion of "electro-mobility"; utilities companies, amongst other players, are developing charging infrastructure projects across the region; and the number of xEV models made...