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The Global Microcars market is expected to reach $8.19 billion by 2026 growing at a CAGR of 17.0% from 2019 to 2026. The microcar is a small-sized car, with three or four wheels and often an engine smaller than 700 cc.
Factors such as increased adoption of electric cars and government regulations regarding environmental safety and carbon emissions are driving the growth of the market. However, the high initial cost is restraining the growth of the market.
Based on the fuel type, the electric segment is going to have a lucrative growth during the forecast period owing to the increased awareness among people regarding the impacts of fossil fuels.
Force Motors Limited approves issue of NCDs
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84 Biggest Movers From Yesterday Benzinga 1/12/2021
Gainers
Zomedica Corp. (NYSE: ZOM) shares surged 92.2% to close at $0.93 on Monday after surging 21% on Friday. The company, last week, appointed Robert Cohen as Chief Executive Officer.
GeoVax Labs, Inc. (NASDAQ: GOVX) shares gained 62.4% to close at $5.36 after the company was awarded NIH grant to advance COVID-19 vaccine development.
Avinger, Inc. (NASDAQ: AVGR) jumped 61.9% to close at $1.45 after climbing around 38% on Friday. The company on Dec. 30 was granted a European patent titled Oct imaging catheter with lag correction.
TransEnterix, Inc. (NYSE: TRXC) rose 43.1% to close at $1.66 after jumping around 29% on Friday. TransEnterix, last week, said it sees preliminary Q4 sales of $1.1 million.