Earnings Scheduled For March 8, 2021 benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
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NEW YORK, March 8, 2021 /PRNewswire/ Considering the growing rate of environmental degradation, governments around the world are offering tax concessions and purchase subsidies on electric vehicles (EV). As a result, the global electric scooter and motorcycle market size will increase from $5,913.9 million in 2019 to $10,529.7 million by 2025, at a 14.4% CAGR between 2020 and 2025, according to the market research study published by P&S Intelligence. Since these automobiles do not have an internal combustion engine (ICE), they are gaining widespread public support.
These supportive measures are key for the growth of the electric scooter and motorcycle market, as these vehicles are presently more expensive than their gasoline counterparts. Therefore, making them cost-effective is imperative to increase their adoption among the masses, especially in developing countries, such as India and China.
(OFFICIAL)-Electric scooter maker Niu in talks to supply Gojek - CEO reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.