Global NEV Taxi market is projected to grow at a CAGR of 29.69% during the forecast period, to reach a market size of US$55.558 billion in 2025 from US$11.674 billion in 2019. NEV Taxis are new energy vehicles, which are partially or fully powered by electricity like Battery Electric Vehicles (BEVs) and Plug-in Hybrids (PHEVs). NEV taxis require low maintenance, reduce air pollution, and have low running costs. Environmental regulations in developed and developing countries are focusing on red Read more...
The third generation renewable energy sources market is expected to grow at a steady decent rate during the forecast period from 2019 to 2024. The evolution of renewable energy has witnessed the deployment of three generations of technologies spanning across the last 100 years. First-generation technologies, which include hydroelectricity, geothermal power and biomass, have already reached market saturation. Second-generation technologies, which are being currently deployed, include photovolt Read more...
UK Electric Vehicle Charging Stations market is projected to grow at a CAGR of 13.41% during the forecast period. Growing focus on reducing environmental pollution is encouraging both government and electric vehicle charging station manufacturers such as Ecotricity and ChargeMaster to invest heavily towards the establishment of a network of chargers. This is significantly boosting the growth of electric vehicle charging stations market in UK. The presence of major electric vehicle market play Read more...
U.S. Electric Vehicle Charging Stations market is projected to grow at a CAGR of 5.65% during the forecast period. Rising number of states with zero emission plans in the U.S. is driving the sales of electric vehicles which, in turn, is encouraging the investments in electric vehicle charging stations in this country. The presence of global market players in the country also contributes to the growth of U.S. EV Charging Stations market. Favorable government initiatives and policies are also b Read more...
South America Electric Vehicle Charging Stations market is projected to grow at a CAGR of 10.28% during the forecast period. Supportive government policies and initiatives to encourage the use of electric vehicles in countries like Chile and Colombia are significantly driving the demand for electric vehicle charging stations in the region. Rapid rise in the investment to develop EV charging infrastructure is also contributing to the growth of South America EV Charging Stations market. However Read more...
Norway Electric Vehicle Charging Stations market is projected to grow at a CAGR of 57.89% during the forecast period. Favorable government policies and incentives provided to electric vehicle owners including exemption from road tolls and free public charging is the major driver of electric vehicle charging stations market in Norway. Growing concerns to reduce greenhouse gas emissions is also driving the growth of Norway Electric Vehicle Charging Stations market. Rising sales of electric vehi Read more...
North America Electric Vehicle Charging Stations market is projected to grow at a CAGR of 5.96% during the forecast period. Rising number of states with zero emission plans in countries like U.S. and Canada is driving the sales of electric vehicles which, in turn, is encouraging the investments in electric vehicle charging stations in the region. The presence of global market players in the region also contributes to the growth of North America EV Charging Stations market. Favorable governmen Read more...
Netherlands Electric Vehicle Charging Stations market is projected to grow at a CAGR of 14.37% during the forecast period. Increasing fleet of electric vehicles in Netherlands is driving the demand for electric vehicle charging stations in the country. Increasing number of partnerships and collaborations to encourage the adoption of electric vehicles is further contributing to the growth of electric vehicle charging stations market in the country. Stringent regulations regarding environmental Read more...
Mexico Electric Vehicle Charging Stations market is projected to grow at a CAGR of 12.98% during the forecast period. Rising fuel shortage in Mexico is driving the demand for electric vehicles in Mexico which is positively impacting the growth of electric vehicle charging stations market in the country. Rising focus on media campaigns to encourage the use of electric vehicles is also projected to propel the growth of electric vehicle charging stations market in Mexico. Restrictions on the use Read more...
Middle East and Africa (MEA) Electric Vehicle Charging Stations market is projected to grow at a CAGR of 12.02% during the forecast period. Rising focus on environmental sustainability in Middle East countries is significantly driving the sales of electric vehicles which, in turn, is augmenting the growth of electric vehicle charging stations market. Rising disposable incomes in Middle East countries is also encouraging electric vehicle manufacturers to launch their luxury EVs, thus boosting Read more...
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