The Straits Times
Volkswagen CEO Herbert Diess moves has paid off for the carmaker.PHOTO: REUTERS
PublishedMar 17, 2021, 3:27 pm SGT
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Asia-Pacific Electric Vehicle Polymers Market Report 2020: Market is Projected to Surge at a CAGR of 31.61% in Revenue During 2019-2028
March 16, 2021 05:13 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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Asia-Pacific electric vehicle polymers market is projected to surge at a CAGR of 31.61% in revenue during 2019-2028. India, China, Australia & New Zealand, Japan, ASEAN countries, South Korea, and Rest of APAC form the market in this region.
China has shown the highest growth in the regional market for electric vehicles. The continual rise in air pollution has caused health risks to rise in many cities. In such a scenario, China has attained the benefit of having massive manufacturing capacity and advanced technology to dictate the electric vehicle sector.
United States Electric Truck Market Report 2020: Industry Analysis and Growth Forecast to 2030 - Increasing Adoption in Logistics Applications
March 10, 2021 06:38 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
ResearchAndMarkets.com s offering.
The U.S. electric truck market is expected to generate a revenue of $15,084.3 by 2030, increasing from $211.5 million in 2019, and the market is expected to witness robust growth of 51.6% CAGR during the forecast period (2020-2030).
The market is growing due to the increasing government support for the deployment of electric trucks in the country and the falling process of battery packs. In addition to this, electric trucks are cheaper to maintain and operate as compared to traditional diesel trucks.
SINGAPORE - Road tax for mass-market electric cars will be lowered to be on par with equivalent models powered by combustion engines from next year, removing yet another hurdle to adoption of these cleaner vehicles.
Speaking in Parliament on Thursday (March 4), Transport Minister Ong Ye Kung noted that road tax for electric cars had already been lowered in January this year - by as much as 40 per cent.
But the larger mass-market electric models still incur more road tax than petrol equivalents. To address this, Mr Ong said road taxes for e-cars in the 90kW to 230kW power band will be adjusted further.