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.
Get Free Sample link @ 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.
full report of Sweden Electric Vehicle Market available @ https://www.omrglobal.com/industry-reports/sweden-electric-vehicle-market
- 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
Sweden Electric Vehicle Market by Vehicle Type
- Commercial Vehicles
- Passenger Cars
- Two-Wheelers
Sweden Electric Vehicle Market by Propulsion Technology
- Battery Electric Vehicles
- Plug-in Hybrid Electric Vehicle
Sweden Electric Vehicle Market 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
The Report Covers
- Comprehensive research methodology of the Sweden Electric Vehicle 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 the Sweden Electric Vehicle market.
- Insights about market determinants which are stimulating the Sweden Electric Vehicle market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/sweden-electric-vehicle-market
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. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
