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COVID-19 has brought the two-wheeler industry to a screeching halt. Governments across the world were forced to institute lockdowns on commercial and personal life for nearly two months. The automotive industry took the biggest hit as the global supply chain had to come to a halt. With customers not purchasing new vehicles, the two-wheeler (2W) ind...

In 2020, Indonesias automotive total industry volume (TIV) dropped by 48.4%, compared to 2019, with only 532,030 units being sold. The passenger vehicle (PV) segment remained dominant with 73.1% market share. The economic growth for 2020 was the weakest since the 1998 Asian financial crisis. Factors impacted by the COVID-19 pandemic include Gross D...

This Frost & Sullivan research service provides an overview of the electric light commercial vehicle (e-LCV) market in North America, Europe, China, and Asia-Pacific, presenting growth opportunities, comparisons between select models, sales percentage forecasts, and total cost of ownership (TCO) analysis. The e-LCV market across these regions is ex...

The global private vehicle leasing industry is experiencing positive growth, mainly due to robust growth in the Northern and Western parts of Europe. Retail car registrations are expected to grow 2.4% in 2019, mainly driven by BRICS and APAC markets. A positive macroeconomic outlook and the government’s expansionary policies are the main driving fa...

The 2020 US Department of Homeland Security (DHS) budget request is one of the highest spending bids in the last several years. The proposed budget is notably higher than that of 2019 because it keeps in line with the current administration’s commitment to: • Reinforce the US southern border; • Build up cybersecurity defenses; • Harden the US inf...

Vehicle leasing is seen as a solution to the growing number of challenges faced by companies with regard to their mobility needs. Amongst others, these include challenges associated with vehicle funding, fleet maintenance, and, more importantly, residual risk handling. Businesses in the present market conditions are focused on their core products/s...

Vehicle leasing is seen as a solution to the growing number of challenges faced by companies with regard to their mobility needs. Amongst others, these include challenges associated with vehicle funding, fleet maintenance, and, more importantly, residual risk handling. Businesses in the present market conditions are focused on their core products/s...

The market for air management (cooling) systems in India is worth  30,921.5 Cr. It is driven by rising disposable incomes, increasing global temperatures and a booming economy fuelling retail and Industrial growth. Some of the challenges faced by this industry are increasing tariffs and the impenetrability of the rural market characterised by low-...

16 Dec 2019  |  North America  |  Market Research

Executive Report on Global Electric Vehicle (EVs) Sales in 2018 and H1 2019

About 2.1 Million EVs were Sold in 2018 Globally, of which Nearly 1.2 Million were Sold in China Alone, Occupying more than 57% of the Market

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The cost driven EV market is heavily dependent on subsidies and incentives offered by various governments on EV purchase and charging. Netherlands and Hong Kong have witnessed a decrease in EV sales post the removal of grants/subsidies on purchase of EVs. Norway has enjoyed a high growth rate of 4.8% with more than 21% of vehicles sold in the count...