Electric Vehicle Market to Reach USD 985.72 Billion by 2027; Consumer Inclination towards Efficient Hybrid Cars to Aid Expansion, states Fortune Business Insights™
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 i...
Source: einnews.com