Government incentives for plug-in electric vehicles

Electric Vehicle Market 2020: Fleet Motives, Objectives and Forecasts for the Transition to Electric Vehicles - ResearchAndMarkets.com

Retrieved on: 
Friday, May 8, 2020

The "Electric Vehicles Report 2020" measures fleet demand and timelines for adoption of electric vehicles.

Key Points: 
  • The "Electric Vehicles Report 2020" measures fleet demand and timelines for adoption of electric vehicles.
  • However, UK fleets are predicted to play catch-up on their infrastructure whilst anticipating a raft of new electric car model launches which is driving confidence in the switch to electric.
  • By 2022 businesses with fleets of all sizes expect to be ordering significant numbers of electric vehicles.
  • In 50-plus car fleets as many as 40% of new cars could be electric within three years.

China Announces a Three-Year-Blue-Sky-Action Plan to Accelerate the Adoption of Electric Vehicles

Retrieved on: 
Tuesday, April 21, 2020

The Three-Year-Action Plan includes agreements of 24 provinces and cities to accelerate the adoption of new energy vehicles.

Key Points: 
  • The Three-Year-Action Plan includes agreements of 24 provinces and cities to accelerate the adoption of new energy vehicles.
  • Inner Mongolia: Plan to promote the application (adoption) of 100,000 new energy vehicles throughout the region.
  • By the end of 2020, charging infrastructure to support 200,000 electric vehicles will be in place.
  • Hainan has introduced legislation banning the sale of fossil fuel vehicles by 2030, to ensure adoption of new energy vehicles within the island.

COVID-19's Affect on the Global Electric Vehicle Sector, 2019-2025: Analysis of Battery, Plug-in Hybrid, and Hybrid Electric Vehicles

Retrieved on: 
Monday, April 20, 2020

Economic Impact of COVID-19 on the Global Electric Vehicle Industry, Deviation & Trends Analysis Report: Segmentation (Battery Electric Vehicles, Plug-in Hybrid Electric Vehicles, and Hybrid Electric Vehicles)

Key Points: 
  • Economic Impact of COVID-19 on the Global Electric Vehicle Industry, Deviation & Trends Analysis Report: Segmentation (Battery Electric Vehicles, Plug-in Hybrid Electric Vehicles, and Hybrid Electric Vehicles)
    Owing to the stringent emission regulations, there is an increasing demand for electric vehicles as it reduces emission and lowers fuel cost.
  • With the rise in the demand for electric vehicles and stringent emission norms, the automakers have shifted their focus towards the development of electric vehicles as an opportunistic approach to growth within a defined area.
  • Based on types of electric vehicles, the global electric vehicle industry is classified into battery electric vehicles, plug-in hybrid electric vehicles, and hybrid electric vehicles.
  • The coronavirus outbreak has significantly affected their industrial capability to produce electric vehicle batteries that may have interrupted the global production of battery electric vehicles.

Impact of COVID-19 on the Electric Vehicle Industry, 2019-2025: Deviation & Trends Analysis - ResearchAndMarkets.com

Retrieved on: 
Friday, April 17, 2020

The "Impact of COVID-19 on the Global Electric Vehicle Industry" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Impact of COVID-19 on the Global Electric Vehicle Industry" report has been added to ResearchAndMarkets.com's offering.
  • Economic Impact of COVID-19 on the Global Electric Vehicle Industry, Deviation & Trends Analysis Report: Segmentation (Battery Electric Vehicles, Plug-in Hybrid Electric Vehicles, and Hybrid Electric Vehicles)
    Owing to the stringent emission regulations, there is an increasing demand for electric vehicles as it reduces emission and lowers fuel cost.
  • Based on types of electric vehicles, the global electric vehicle industry is classified into battery electric vehicles, plug-in hybrid electric vehicles, and hybrid electric vehicles.
  • The coronavirus outbreak has significantly affected their industrial capability to produce electric vehicle batteries that may have interrupted the global production of battery electric vehicles.

Electric Vehicle Market to Reach $802.81 Bn, Globally, by 2027 at 22.6% CAGR: Allied Market Research

Retrieved on: 
Tuesday, April 14, 2020

PORTLAND, Oregon, April 14, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, " Electric Vehicle Market by Type (Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV), and Plug-in Hybrid Electric Vehicles (PHEV)), Vehicle Class (Mid-Priced and Luxury), and Vehicle Type (Two-wheelers, Passenger Cars, and Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 20202027."

Key Points: 
  • PORTLAND, Oregon, April 14, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, " Electric Vehicle Market by Type (Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV), and Plug-in Hybrid Electric Vehicles (PHEV)), Vehicle Class (Mid-Priced and Luxury), and Vehicle Type (Two-wheelers, Passenger Cars, and Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 20202027."
  • According to the report, the global electric vehicle industry generated $162.34 billion in 2019, and is estimated to reach $802.81 billion by 2027, growing at a CAGR of 22.6% from 2020 to 2027.
  • Rise in demand for high-performance, fuel-efficient, and low-emission vehicles along with strict government regulations toward vehicle emissions drive the growth of the global electric vehicle market.
  • Based on type, the hybrid electric vehicle (HEV) segment accounted for the highest market share in 2019, contributing to nearly half of the global electric vehicle market, and is expected to maintain its dominant share throughout the forecast period.

Electric Vehicle Market to Reach $802.81 Bn, Globally, by 2027 at 22.6% CAGR: Allied Market Research

Retrieved on: 
Tuesday, April 14, 2020

According to the report, the global electric vehicle industry generated $162.34 billion in 2019, and is estimated to reach $802.81 billion by 2027, growing at a CAGR of 22.6% from 2020 to 2027.

Key Points: 
  • According to the report, the global electric vehicle industry generated $162.34 billion in 2019, and is estimated to reach $802.81 billion by 2027, growing at a CAGR of 22.6% from 2020 to 2027.
  • Rise in demand for high-performance, fuel-efficient, and low-emission vehicles along with strict government regulations toward vehicle emissions drive the growth of the global electric vehicle market.
  • Based on type, the hybrid electric vehicle (HEV) segment accounted for the highest market share in 2019, contributing to nearly half of the global electric vehicle market, and is expected to maintain its dominant share throughout the forecast period.
  • However, Asia-Pacific held more than half of the global electric vehicle market in 2019, and is expected to maintain its lion's share throughout the forecast period.

Worldwide Electric & Hybrid Multi-Purpose Vehicle Industry to 2025 - Key Market Trends & Developments - ResearchAndMarkets.com

Retrieved on: 
Thursday, April 9, 2020

Garnering support from various government organizations for the adoption of electric vehicles and rising demand from small and medium enterprises for the inclusion of electric & hybrid multi-purpose vehicle in their business operations is bolstering electric & hybrid multi-purpose vehicle sales, globally.

Key Points: 
  • Garnering support from various government organizations for the adoption of electric vehicles and rising demand from small and medium enterprises for the inclusion of electric & hybrid multi-purpose vehicle in their business operations is bolstering electric & hybrid multi-purpose vehicle sales, globally.
  • To define, classify and forecast the Global Electric & Hybrid Multi-Purpose Vehicle Market on the basis of fuel type, namely, electric and hybrid.
  • To identify market trends & developments in the Global Electric & Hybrid Multi-Purpose Vehicle Market.
  • To identify and analyze the profile of leading players operating in the Global Electric & Hybrid Multi-Purpose Vehicle Market.

Outlook on the World's Electric Vehicles Industry, 2025 - Includes Profiles of Bayerische Motoren Werke, BYD Auto, Chery, Daimler, Ford Motor Company, Geely, General Motors, and More

Retrieved on: 
Tuesday, April 7, 2020

The global electric vehicles market is expected to grow at a CAGR of around 44% during 2020-2025.

Key Points: 
  • The global electric vehicles market is expected to grow at a CAGR of around 44% during 2020-2025.
  • This report provides a deep insight into the global electric vehicles market covering all its essential aspects.
  • The increasing demand for fuel-efficient automobiles across the globe is one of the key factors driving the growth of the market.
  • What is the structure of the global electric vehicles market and who are the key players?

Outlook on the North American Electric Vehicle Charging Station Industry to 2025 - Featuring Tesla, Evgo, ABB & Blink Charging Among Others - ResearchAndMarkets.com

Retrieved on: 
Tuesday, April 7, 2020

The "North America Electric Vehicle (EV) Charging Station Market (2020 Edition): Market Insight, Competition and Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "North America Electric Vehicle (EV) Charging Station Market (2020 Edition): Market Insight, Competition and Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering.
  • The North America Electric Vehicle Charging Station Market was valued at USD 1169.7 million in the year 2019.
  • Developed countries in the region including U.S.A and Canada have a highly advanced charging infrastructure stipulating heavy investments in research and development of electric vehicle service equipment as well as EVs.
  • Key factors responsible for ample regional demand of electric vehicles charging infrastructure include growing demand for electric vehicles in addition to favorable government initiatives in the form of subsidies, generous incentives and rebates.

Qingdao City Construction Investment Group Limited Enters into Framework Strategic Cooperation Agreement with Sun Seven Stars Investment Group Limited to Raise a Fund to Finance EV Sales in Qingdao and Shandong Province

Retrieved on: 
Monday, April 6, 2020

Approximately 20% of the new fund will be earmarked to finance the purchase of electric vehicles (EVs) to replace existing gas-powered fleets in Shandong province.

Key Points: 
  • Approximately 20% of the new fund will be earmarked to finance the purchase of electric vehicles (EVs) to replace existing gas-powered fleets in Shandong province.
  • MEG, based on its S2F2C (Sales to Financing to Charging) model will be the beneficiary of these funds through EV sales, leasing and financing services, and charging-related energy sales.
  • SSSIG will provide industry expertise in investments and capital markets to raise funds for various projects and commercial initiatives in Qingdao.
  • 1 Sun Seven Stars Investment Group (SSSIG) is the largest shareholder in Ideanomics and is controlled by Dr. Bruno Wu and his wife.