Electric Vehicle Market – Unraveling Challenges and Opportunities
The Electric Vehicle Market is projected to reach 26,951,318 units by 2030 from an estimated 3,269,671 units in 2019, at a CAGR of 21.1%. The growing trend of greener transport is the major factor responsible for the expected advancements in this market. Electric vehicles, including BEVs, PHEVs, and FCEVs, are expected to play a major role in the future to achieve the emission targets for different...
Is Intensifying Competition a Good Sign for Low Emission Vehicle Market
Motor vehicle emission is a combination of the byproducts of a vehicle’s exhaust system and gasoline evaporation. Vehicle emission causes air pollution and great amount of fog caused over skylines of major cities. As a result, emission of a motor vehicle is a vital aspect requiring strong monitoring. As a result, governments and different environmental organization have tightened the rules for the...