Description

The global automotive industry is undergoing a transformative shift towards electric vehicles (EVs). Governments across the world are encouraging the public to adopt EVs to meet sustainability goals. This study provides a measurement tool to conduct a multi-dimensional analysis of various countries across the Americas, Africa, Asia-Pacific, Europe, and the Middle East based on key impact factors like gross domestic product (GDP), GDP growth rate, government incentives, gross national income, zero-carbon emission declarations, energy index, and urbanization rate. The study conducts a sensitivity analysis, focusing mainly on the current EV and EV infrastructure market attractiveness and the possible changes that can happen in the medium term. While the tool offers Frost’s rankings based on the given factors, it also provides an easy way for users to input custom factors or modify factors as per their requirements to see how different conditions will affect the rankings. The study concludes by identifying the growth opportunities emerging from the changes in this space for market players and stakeholders to leverage.