Italy electric car market is projected to augment at a CAGR of more than 20.0% during the forecast period, 2019-2025. The Italian electric car market is comparatively small and has been increasing exponentially for the last couple of years. In 2019, the electric car market augmented with a growth of 76% YoY to 17,100 electric cars as compared to 9,750 cars in 2018. The country is the fourth largest market for passenger cars after Germany, France, and UK due to which a significant opportunity can be witnessed in the near future. Multiple subsidies are offered by the government to promote electric cars in the country. ‘Eco tax’ as a penalty was introduced in Italy for using a polluting (fossil) vehicle. In addition, the government offers a subsidy of $4,400 for the vehicle that has CO2 emission rating up to 70 g/km whereas a subsidy of $1,650 for vehicles that emit between 21 and 70 g/km. An additional incentive is also provided if an older vehicle is scrapped.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Italy Electric Car Market by Vehicle Type
- Sedan
- Hatchback
- SUV
Italy Electric Car Market by Propulsion Technology
- Battery Electric Car
- Plug-in-Hybrid Electric Car
Italy Electric Vehicle Market by Battery Type
- NiMH
- Li-Ion
- Others
Company Profiles
- BMW AG
- Daimler AG (Smart)
- Hyundai Motor Co.
- Jaguar Land Rover Ltd.
- Nissan Motor Co.
- Renault Group
- Tesla, Inc.
- TAZZARI GL IMOLA SPA
The Report Covers
- Comprehensive research methodology of Italy Electric Car Market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting Italy Electric Car Market.
- Insights about market determinants that are stimulating Italy Electric Car Market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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