The Asia-Pacific electric car market is projected to grow at a significant CAGR of more than 23.0% during the forecast period (2019-2025). The factors that contribute to the growth of the market include supportive government regulations and subsidies by the government to reduce the dependency on oil and to decrease carbon emission. In October 2020, South Korean […]
Tag Archives: Electrical Vehicles
South Korea electric bus market is anticipated to grow at a significant rate during the forecast period (2019-2025). The major factors that are driving the market include the rising demand for improvement in public transport, the cohesive government plan for electrification of public transport, and rapid urbanization. Electric buses in Seoul surpassed the mark of 150 […]
China electric bus market is anticipated to grow at a significant CAGR of around 12.0% during the forecast period (2019-2025). China is a key player in the global electric bus market and is anticipated to sustain its dominance during the forecast period. In May 2020, more than 420,000 electric buses were in China which is […]
European electric vehicle charger market is forecast to grow at a CAGR of over 20.0% during the forecast period, 2019-2025. Major factors for the growth of the market include increasing share of electric vehicles in the regional total vehicle fleet, government initiatives such as subsidies and rebate, high awareness among people and the presence of […]