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Finland Electric Car Market to 2025, Future Outlook, COVID-19 Impact Analysis, Forecast 2019-2025

03-16-2021 01:31 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Finland Electric Car Market to 2025, Future Outlook, COVID-19

Finland electric car market is projected to grow at CAGR of more than 20.0% during the forecast period (2019-2025). The key factors to drive the growth of the market include rising start-up in electric vehicles, well-developed charging infrastructure, and government support. Various start-ups in Finland are driving the electric vehicle market. For instance, Linkker develops e-bus and develop charging infrastructure, Revonte develops electric bikes with GPS tracking, 4G connectivity, an anti-theft system, while Toroidion develops electric sports cars. Besides, Virta, provides cloud-based solutions for EV charging stations and EV drivers, Tanktwo, develops battery technology for EVs, and other start-ups are also contributing to the electric vehcicle market in the region.

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A full report of Finland Electric Car Market is available at: https://www.omrglobal.com/industry-reports/finland-electric-car-market

Moreover, the adoption of electric cars is increasing rapidly. In 2020, the Finnish Transport and Communications Agency Traficom said that around 48,000 hybrid and fully electric cars were sold and is doubled up as compared to 2019. In 2019, 7,900 electric cars were sold and the growth of 38% is recorded YoY. The government is also offering a subsidy of $2,200 for the electric car price up to $54,500. Apart from this, the country has the minimum tax on electric vehicle registration and has a high tax on diesel and petrol car registration. Thus, the support by the government and the increasing number of star-tups is driving the market in the region.

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/finland-electric-car-market

Market Coverage

• Market number available for – 2018-2025
• Base year- 2018
• Forecast period- 2019-2025
• Segment Covered- By Vehicle Type, By Battery Type, By Propulsion Technology
• Region Covered-Finland
• Competitive Landscape- AB Volvo, Tesla, Inc., Mitsubishi Motors Corp., BMW AG, Volkswagen AG, Hyundai Motor Co., Jaguar Land Rover Ltd., and Kia Motors Corp.

Key Questions Addressed by the Report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Finland Electric Car Market Report Segment

By Vehicle Type

• Sedan
• Hatchback
• SUV

By Propulsion Technology

• Battery Electric Vehicle
• Plug-in Hybrid Electric Vehicle

By Battery Type

• NiMH
• Li-ion
• Others

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/finland-electric-car-market

Company Profiles

• AB Volvo
• Audi AG
• BMW AG
• Daimler AG
• Ford Motor Co.
• Hyundai Motor Co.
• Jaguar Land Rover Ltd.
• Kia Motors Corp.
• Mitsubishi Motors Corp.
• Renault Group
• Tesla, Inc.
• Toyota Motor Corp.
• Volkswagen AG

Reasons to Buying From us –

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

For More Information, Visit https://www.omrglobal.com/

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