Finland’s Electric Vehicle market is estimated to grow at a CAGR of more than 15.0% 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.
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In Finland, the grants given to the purchaser of EV vehicle is anticipated to promote the growth of the EV market in the country. In Finland, the individuals can receive up to $2,200 for new BEVs, as long as the list price of the car does not exceed $54,500. In addition, the Finnish government runs scrapping schemes every couple of years (in 2015, 2017 and 2018, and probably again in the near future) that offer individuals bonuses of up to $2,200 for scrapping old diesel/gasoline vehicles and buying new BEVs/PHEVs. Moreover, the tax benefit provided by the government is further anticipated to promote market growth. In the country, EVs pay the minimum rate (5%) of the CO2 based registration tax. Also, in Finland, fuel taxes have more than doubled the price of diesel, and more than tripled the price of gasoline, making EVs a much more affordable option.
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- Market Coverage
- Market number available for – 2019-2025
- Base year- 2019
- Forecast period- 2020-2025
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Finland Electric Vehicle Market by Vehicle Type
- Commercial Vehicles
- Passenger Cars
- . Two-Wheelers
Finland Electric Vehicle Market by Propulsion Technology
- Battery Electric Vehicles
- Plug-in Hybrid Electric Vehicle
Finland Electric Vehicle Market by Battery Type
- NiMH
- Li-Ion
- Others
Company Profiles
- Ford Motor Co.
- Jaguar Land Rover
- Kia Motors Corp.
- Mitsubishi Motors Corp.
- Nissan Motor Co.
- Renault Group
- Tesla, Inc.
- Toyota Motor Corp.
- Volkswagen AG
- Volvo Group
The Report Covers
- Comprehensive research methodology of Finland 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 Finland Electric Vehicle market.
- Insights about market determinants which are stimulating the Finland Electric Vehicle market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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