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Electric Commercial Vehicle Market Projected to Reach 2,026 thousand units by 2028
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Here s How Electric Vehicles Market is Thriving Worldwide with Mahindra, LG Chem, Daimler AG, Tata, Honda, Tesla
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Electric Scooter and Motorcycle Market worth 5,948 thousand units by 2027 - Exclusive Report by MarketsandMarkets Electric Scooter and Motorcycle Market by Vehicle Type (E-Scooter/Moped & E-Motorcycle), Battery (Sealed Lead Acid & Li-Ion), Distance Covered, Voltage (36V, 48V, 60V & 72V), Technology (Plug-in & Battery), Vehicle Class, Region - Global Forecast to 2027 , published by MarketsandMarkets, the global Electric Scooter and Motorcycle Market size is projected to grow from 861 thousand units in 2020 to reach 5,948 thousand units by 2027, at a CAGR of 31.8%.
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Factors such as growing demand for energy-efficient commuting and governments supporting electric two-wheelers through subsidies & tax rebates have compelled two-wheeler OEMs to explore beyond the use of conventional internal combustion engines (ICE) in two-wheelers.
The global electric commercial vehicle market size is projected to grow from 129 thousand units in 2020 to reach 2,026 thousand units by 2028, at a CAGR of 41.1% The advancements in battery pack technologies and electric powertrains are some of the major factors driving the growth of the electric commercial vehicle industry. Many countries are focusing on the electrification of their public transportation fleets.
December 15, 2020 05:31 ET | Source: ReportLinker ReportLinker Lyon, FRANCE
New York, Dec. 15, 2020 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report Electric Commercial Vehicle Market by Propulsion Type, Vehicle Type, Range, Battery Type, Length of Bus, Power Output Type, Battery Capacity Type, Component Type, Autonomous Vehicles Type, End User and Region - Global Forecast to 2028 - https://www.reportlinker.com/p05382300/?utm source=GNW