/PRNewswire/ Allied Market Research published a report, titled, "Electric Truck Market by Propulsion (Battery Electric Truck, Hybrid Electric Truck, Plug-In.
Rise in government initiatives for promotion of e-mobility, strict emission norms imposed on fossil-fuel powered commercial vehicles, and reduction of cost of electric vehicle batteries drive
/PRNewswire/ Allied Market Research recently published a report, titled, "Electric Vehicle Market by Type (Battery Electric Vehicle, Plug-in Hybrid Electric.
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Portland, OR, Feb. 23, 2021 (GLOBE NEWSWIRE) According to the report, the
Europe electric vehicle market 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. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends.
Increase in demand for fuel-efficient, high-performance, and low-emission vehicles and stringent government rules & regulations toward vehicle emission fuel the growth of the Europe electric vehicle market. On the other hand, high manufacturing cost and insufficient electric vehicle charging infrastructure in Europe hinder the growth to some extent. Nevertheless, proactive government initiatives and technological advancements are anticipated to offer lucrative opportunities to the market players.