Press release
South America Electric Vehicles Market 2021 by Manufacturers, Regions, Type and Application, Forecast to 2026
The "South America Electric Vehicles" Market report offers qualitative and quantitative insights and a detailed analysis of market size & growth rate for all possible segments in the market. The South America Electric Vehicles Industry presents a market overview, product details, classification, and market concentration. The report also provides an in-depth survey of key players in the market which is based on various competitive intelligence parameters like company profiles, product picture and specification, capacity, production, price, cost, revenue, and contact information. The South America Electric Vehicles Market report provides an in-depth study of SWOT analysis i.e. Strength, Weakness, Opportunities, and Threat to the organization.The South America Electric Vehicles market is anticipated to register a CAGR of over 14% during the forecast period (2020 - 2025).
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Top Companies in the South America Electric Vehicles Market: Hyundai Motor Company, KIA Motors Corporation, BYD Auto, BMW Group, Groupe Renault, Volkswagen AG, Nissan and others.
Key Market Trends:
Commercial Vehicles is Expected to be a Fastest Growing Segment
Bus manufacturers like BYD are entering the South American market by overcoming the challenges to replace diesel buses with battery-operated ones. BYD Auto has received orders from Argentina to become a domestic auto manufacturer and will contribute to revamping the existing bus fleets with 100% electric buses.
Over the past few years, the demand for electric trucks in the South American region has been increasing. Factors such as achieving energy efficiency by reducing emissions, the need for addressing future energy requirements, anticipated increase in the adoption of electric trucks for logistics and municipal applications and investments made by OEMs to start production electric vehicles in the region are driving the market.
- In July 2018 the Government approved the national green growth policy for 2030, with one of the goals being the introduction of 600,000 electric vehicles by 2030 by that year. More specifically, according to this policy, it is expected to deploy 400,000 electric light-duty vehicles and 13,000 trucks.
Industry News and Developments:
- In March 2020, BYD has received another order from Transcarsell, a public transport service provider in Ecuador for 20 electric trucks. BYD is expected to start deliveries in phases from August 2020 and finish by 2021. The company has been the largest supplier of electric vehicles in the region. Besides electric trucks, BYD has supplied electric buses and taxis to Argentina, Chile, and Colombia.
- In December 2019, Volkswagen Trucks and Buses announced an investment of BRL 110 million at the Resende plant to prepare for the assembly of the e-Delivery battery electric light truck. The investment will be used to expand the production area, acquire equipment and allocate an area for electric powertrain installation. Production of the e-Delivery is expected to begin in the second half of 2020.
- In August 2018, Volkswagen AG has received an order for 1600 electric trucks from a logistics company, in Brazil in a move to electrify its fleet by 2023.
Influence of the South America Electric Vehicles Market Report:
-Comprehensive assessment of all opportunities and risk in the South America Electric Vehicles market.
-South America Electric Vehicles market recent innovations and major events.
-Detailed study of business strategies for growth of the South America Electric Vehicles market-leading players.
-Conclusive study about the growth plot of South America Electric Vehicles market for forthcoming years.
-In-depth understanding of South America Electric Vehicles market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the South America Electric Vehicles market.
For more information of this report:
https://www.marketinsightsreports.com/reports/10192357093/south-america-electric-vehicles-market-growth-trends-and-forecasts-2020-2025?Mode=11
Table Of Content
Chapter 1 Study Coverage
Chapter 2 Executive Summary
Chapter 3 South America Electric Vehicles Market Competitor Landscape by Players
Chapter 4 South America Electric Vehicles Market Size by Type and Application
Chapter 5 Global and Regional Analysis
Chapter 6 Company Profiles
Chapter 7 Market Opportunities, Challenges, Risks and Influences Factors Analysis
Chapter 8 Value Chain and Sales Channels Analysis
Chapter 9 Research Findings and Conclusion
Chapter 10 Methodology/Research Approach
Finally, the South America Electric Vehicles Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principal locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure, and so on. South America Electric Vehicles industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
We also offer customization on reports based on specific client requirement:
1- Free country level analysis for any 5 countries of your choice.
2- Free competitive analysis of any 5 key market players.
3- Free 40 analyst hours to cover any other data points
Please connect with our sales team (sales@marketinsightsreports.com).
Irfan Tamboli (Head of Sales) : Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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