Italy electric vehicle market is estimated to grow at a CAGR during the forecast period. Supportive government initiatives, the presence of major market players, and significant growth in the electric vehicle charging infrastructure are some of the major factors driving the growth of the electric vehicle market in the country. At the end of 2018, Italy Government proposed a “bonus-malus” incentive policy for the period of 2019-2021. Under this policy, the buyer can receive a subsidy up to $7,100 for cars emitting less than 20 g CO2/km and up to $2,800 for cars emitting more than 250 g CO2/km. In addition to the “bonus-malus” scheme for M1 vehicles, the Financial Law 2019 also introduced an incentive scheme, for a total budget of $11.08 million for the year 2019, for the purchase of brand new electric or hybrid two wheels vehicles from category L1 and L3 with power up to 11 kWh.
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The market is analyzed on the basis of vehicle type, propulsion technology, and battery type. Based on vehicle type, the market is sub-segmented into commercial vehicles, passenger cars, and others. Passenger cars will have the major market share during the forecast period in the country. Based on propulsion technology, the market is sub-segmented into battery electric vehicles and plug-in hybrid electric vehicles. The battery-electric vehicle segment is expected to show significant growth during the forecast period. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Among these,the Li-ion battery electric vehicle market is anticipated to witness considerable growth. Some of the major players contributing to the growth of the market include BMW AG, Daimler AG (Smart), Hyundai Motor Co., Jaguar Land Rover Ltd., Nissan Motor Co., Renault Group, Tesla, Inc., and others.
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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 Vehicle Market by Vehicle Type
- Commercial Vehicles
- Passenger Cars
- Others (Two-Wheelers)
Italy Electric Vehicle Market by Propulsion Technology
- Battery Electric Vehicles
- Plug-in Hybrid Electric Vehicle
Italy Electric Vehicle Market by Battery Type
- NiMH
- Li-Ion
- Others
Company Profiles
- BMW AG
- BYD Co. Ltd.
- 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 the Italy 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 Italy Electric Vehicle Market.
- Insights about market determinants which are stimulating the Italy 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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