Electric cars appear to be much more durable than any other alternative.
– GoodFirms research
WASHINGTON, WASHINGTON DC, UNITED STATES, November 26, 2021 /EINPresswire.com/ – GoodFirms, the most trusted search and review platform, has released its latest research study, “Electric car registrations increase in major marketsThe research examines and analyzes key aspects related to electric cars, such as major electric car markets, major electric vehicle industry players, and best-selling electric cars in 2021. GoodFirms also conducted a detailed PESTEL analysis of the electric vehicle industry, assessing the political, economic, social, technological, environmental and legal reasons for the increase in sales of electric cars.
GoodFirms research indicates that electric cars are experiencing unprecedented growth and we may not be very far from the hydrogen economy.
âGrowing demand from all sides (private, public and industrial mobility) for higher fuel economy, carbon-free fuel alternatives and greener mobility solutions are fueling the growth of the electric vehicle industry,â says GoodFirms .
GoodFirms further analyzes the role of electric cars in achieving urban sustainability, enhancing the livability index and managing mobility issues. The research also details current challenges such as low government spending, supply chain issues, battery charging issues, availability of electricity, e-waste management, space issues, and marketing difficulties. that hamper the growth of electric vehicles.
The research concludes that a careful assessment of issues related to supply chain, fuel taxes, charging infrastructure development, customer perception, etc., needs to be addressed before governments, manufacturers automobiles and buyers are not entering the electric vehicle race with their commitments.
âThe future of electric vehicles will depend a lot on how we answer these questions and how the solutions evolve. It’s not just about shrinking the gasoline market or creating a revolution, it’s also about how sustainable the alternatives are. Electric cars appear to be much more durable than any other alternative, âsays GoodFirms.
Main research findings:
-Electric car makers are keen to bring more models to the market.
-Electric vehicles are essential to reduce the carbon footprint and control global warming.
-The decarbonisation of electricity production is omnipresent to achieve zero emission objectives for electric mobility.
-Electric vehicle mobility targets set by governments and OEMs will require continuous developments in electricity generation and charging networks.
-Electric vehicles are completely safe when it comes to occupant safety.
-Supply chain issues can ease consumer sentiment if deliveries are delayed.
– Rising prices for battery components may reduce industry efforts for affordability of EVs.
-Consumer sentiment for electric vehicles can be strengthened by increasing government subsidies and incentives.
-The support of local authorities for rapid approvals for charging station land is needed to accelerate the growth of electric vehicles.
-The finalization of Hertz’s agreement with Tesla for the purchase of 100,000 electric cars is a turning point for the rental car industry and car rental software platforms too.
-Electric car registrations will see a huge increase globally and the future of passenger cars will be purely electric.
About the research:
Through this research, âElectric car registrations see an increase in major markets,â GoodFirms attempted to assess the key elements affecting the future of electric mobility. The research provides a detailed analysis of the reasons for the increasing sales volumes / growing market share of electric cars globally. The study examines in more detail the major markets and major players as well as the best-selling models in the electric car segment. The study highlights the main challenges and future implications for the industry, buyers and sellers.
To view the full report, please see:
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