Latest published market study on
Global Off-highway Electric Vehicle Market Size, Share, Industry Report with + data Tables, Pie Chart, high level qualitative chapters & Graphs is available now to provide complete assessment of the Market highlighting evolving trends, Measures taken up by players, current-to-future scenario analysis and growth factors validated with Viewpoints extracted via Industry experts and Consultants. Revenue for Off-highway Electric Vehicle Market has grown substantially over the sex years to 2020 as a result of strengthening macroeconomic conditions and healthier demand, however with current economic slowdown and Face-off with COVID-19 Industry Players are seeing Big Impact in operations and identifying ways to keep momentum. Off-highway Electric Vehicle Market estimates rely extensively on both the volume and value and due to slowdown price fluctuation in widening demand and supply gap.
Lucid Motors, Inc. (California, United States)
Zotye International Automobile Trading Co. Ltd. (Hangzhou, China)
Key Market Drivers:
Stringent Emission Regulations to Enhance Business Development
The constant efforts to curb greenhouse gas emissions have led to the implementation of strict emission laws by the governments, which, in, turn will bolster the healthy growth of the market. For instance, in Europe, a regulation was imposed to reduce the CO2 emissions of light and medium commercial vehicles by 15% by 2025. More countries have mandated the regular pollution-check of vehicles. The implementation of the Bharat Stage VI (BS-VI) norm in India with an aim to use efficient engines in reducing carbon emissions. Moreover, the increased promotion of electric cars will have a subsequent effect on the global electric vehicle market growth during the forecast period.
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Lucid Motors CEO Peter Rawlinson appeared on CNBC Friday morning with Jim Cramer and David Faber, sharing his thoughts on his company, plans for growth the electric vehicle market and rumors of a SPAC deal.
About Lucid Motors: One of the hottest SPACs over the last few months has been
Churchill Capital Corp IV (NYSE: CCIV), a company linked to rumors of a merger with Lucid Motors.
Lucid Motors is focused on the luxury segment of the electric vehicle market, with plans to offer more affordable vehicles in the future that it can mass produce.
Lucid Motors Growth: The company is starting small, with plans to sell 6,000 to 7,000 vehicles this year. The Lucid Air Dream car is the first vehicle that will be produced and comes with a starting price of $161,000.
Electric Vehicle Market is Expected to reach USD 236 3 Billion by 2027 sandiegosun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sandiegosun.com Daily Mail and Mail on Sunday newspapers.
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PORTLAND, Ore., Feb. 1, 2021 /PRNewswire/ Allied Market Research published a report, titled, Europe Electric Vehicle Market
by Type (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Mild Hybrid Electric Vehicle (MHEV), and Extended Range Electric Vehicle (E-REV)), and Vehicle Type (Passenger Cars and Commercial Vehicles): Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the Europe electric vehicle industry was estimated at $25.48 billion in 2019 and is anticipated to hit $143.08 billion by 2027, registering a CAGR of 25.4% from 2020 to 2027.
Drivers, restraints, and opportunities-
Rise in demand for fuel-efficient, high-performance, and low-emission vehicles and stringent government rules & regulations toward vehicle emission drive the growth of the Europe electric vehicle market. On the other hand, high manufacturing cost and insufficient electric