The Europe Electric Mobility Market would witness market growth of 23.6% CAGR during the forecast period (2019-2025). The transport sector of today is almost exclusively dependent on fossil fuels, but that doesn't have to be the case. For example, countries like Norway, with measurable results, have put in place policies to promote the use of electric vehicles. These activities need to be strengthened around the world and replicated. The mobility landscape is changing as cities become more densely populated and, in addition to environmental stress and space constraints, have to deal with emerging mobility needs. Electric mobility addresses many of these problems directly, minimizing, for example, air and noise pollution, but also playing a role in the sharing economy. Driverless vehicles promise to revolutionize how both short and long distances are transported by people and goods. To reach this horizon, Bosch is conducting e-powertrain research that will drive forward future mobility.
The European electric mobility market is poised over the forecast period to record the highest growth rate. It is expected that rapid developments in the pan-European battery charging network for BEVs will drive the BEVs in the near future in European countries. EU Member States such as Denmark, France, Ireland, and the Netherlands, for example, have taken initiatives to ban the sale of new diesel and petrol-powered vehicles by 2030. Such factors are expected to boost the region's electric mobility market.
Based on Battery Type, the market is segmented into Li-ion, NiMH and Sealed Lead Acid. Based on Voltage, the market is segmented into 24V, Greater than 48V, 48V, 36V and Others. Based on Product Type, the market is segmented into Electric Car, Electric Scooter & Motorcycle, Electric Bicycle, Electric Skateboard and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Norway, Netherlands, and Rest of Europe.
Free Valuable Insights: Electric Mobility Market in Europe is expected to register a CAGR of 23.6% during the forecast period (2019-2025)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ford Motors Co. Ltd., Volvo Group, BMW Group, General Motors Co., Volkswagen AG, BYD Company Ltd., Tesla, Inc., Honda Motor Co. Ltd., Toyota Motor Corporation, Nissan Motor Corporation and Hyundai Motor Company.
Market Segmentation:
By Battery Type
By Voltage
By Product Type
By Country
Companies Profiled
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