Report ID: SQMIG25C2128
Report ID:
SQMIG25C2128 |
Region:
Global |
Published Date: November, 2024
Pages:
223
|
Tables:
88 |
Figures:
71
The Asia Pacific region is slated to emerge as the dominant market for electric vans and this can be directly linked to high adoption of electric vehicles in countries such as India, China, and South Korea. Robust growth in electric vehicle production and imposition of stringent vehicle emission control mandates are forecasted to boost electric van demand outlook in this region. Rising consumer awareness regarding benefits of electric vehicles and development of modern EV charging infrastructure are also allowing the Asia Pacific region to account for a dominant share in the global electric van marketplace.
Meanwhile, Europe is slated to emerge as the fastest-expanding regional market for electric van companies in the long run. High focus on sustainability in European countries has led to increased adoption of electric vehicles, which in turn, is slated to benefit electric van market development as well. Germany, United Kingdom, and France are estimated to be some of the most lucrative markets for electric van suppliers across the forecast period and beyond.
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Report ID: SQMIG25C2128