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Global Electric Vehicle Sales Increase with Implementation of Stringent Emission Norms, Says Frost & Sullivan
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"EV sales will be driven by the implementation of stringent emission norms across countries and global policies favoring the adoption of battery electric vehicles (BEVs)," said Automotive and Transportation Industry Manager at Frost & Sullivan. "Additionally, non-monetary or tax incentives are likely to be more attractive for buyers as countries with the highest EV penetration ratio such as Norway and the Netherlands offer these rather than cash incentives."
Sathe added: "If BEVs are pushed by original equipment manufacturers (OEMs) on new energy vehicle (NEV) credit mandates, is set to remain the market leader with a 48.3% share. Further, is expected to have the highest YoY growth of over 10%—availability of models, reduced delivery times and compliance push are major growth factors in the EU."
To tap into the growth prospects exposed by EV, market participants should focus on the following:
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Francesca Valente
Corporate Communications
E: Francesca.Valente@frost.com
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