Post COVID-19, the global EV and EV infrastructure market is projected to reach 4.18 million units by 2021 from an estimated 3.42 million units in 2020, at a CAGR of 22.1%. The projection for 2021 is estimated to be down by 34% as compared to pre-COVID estimation.
The electric vehicle market has witnessed rapid evolution with ongoing developments in the automotive sector. Favorable government policies & support in terms of subsidies & grants, tax rebates, and other non-financial benefits in the form of carpool lane access is one of the primary factors driving the growth of the market. New car registrations, specifically in China, where ICE vehicle registration are banned in some urban areas, are also expected to play a crucial role in market growth.
A full report of COVID-19 Impact on EV Infrastructure Market is available at: https://www.orionmarketreports.com/covid-19-impact-on-ev-and-ev-infrastructure-market/45627/
COVID-19 Impact on EV Infrastructure Market Segmentation
Based on vehicle Type:
• Passenger Car
• Commercial Vehicle
Based on the charging station type:
• Normal
• Super
Based on the propulsion type:
• BEV
• PHEV
• FCEV
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