Press release
Boom Predicted in LAMEA E-Mobility Services Market Between 2020 and 2030
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The lower ownership costs of electric vehicles (EVs) in comparison to the fossil fuels-powered vehicles are massively pushing up the sales of these vehicles across the world. The charging cost of an electric vehicle is considerably lower than the cost of oil and gas, which is used for powering a conventional vehicle. In addition to this, the maintenance costs of EVs are much lower than that of the oil and gas-powered automobiles.
Amongst these categories, the ride-hailing one is predicted to register the fastest growth in the future years, on account of the increasing adoption of electric vehicles in the transport fleets of major ride-hailing service providing companies such as Beijing Xiaoju Technology Co. Ltd. and Uber Technologies Inc. When commuting pattern is taken into consideration, the market is divided into occasional commuting, last-mile connectivity, and daily commuting categories. Out of these, the daily commuting division will demonstrate the highest growth rate in the upcoming years.
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In the future years, the Latin American, Middle East, and African (LAMEA) e-mobility services market will be very prosperous, as per the estimates of P&S Intelligence, a market research company based in India. This is because of the increasing penetration of electric vehicles and associated facilities and infrastructure in this region and the rising initiatives being taken by the governments of Brazil and Mexico for reducing the pollution levels in the major cities.
Hence, it is safe to say that the market will exhibit tremendous growth in the upcoming years, on account of the rising adoption of electric vehicles by the shared mobility service providers and the increasing utilization of e-mobility solutions for daily commuting across the world.
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P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.
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