Switzerland Electric Car Market 2023 Driving Factors Forecast Research 2029

Switzerland holds a small share in the European electric car market; however, a lucrative growth will be witnessed during the forecast period. Switzerland electric car market is projected to grow at a CAGR of more than 21.0% during the forecast period, 2019-2025. In 2019, the country's electric vehicle market showed exponential growth of 84% YoY as around 17,500 electric cars were registered in the country as compared to 9,500 in 2018. Increasing awareness regarding environment and carbon footprints, government subsidies on the electric car and tax rebates are some of the major motivating factors for the electric car market growth in the country. The government of Thurgau offers a subsidy of $4,100 on the purchase of an electric car whereas St. Gallen offers a subsidy of $5,125. Moreover, in Basel, a subsidy up to $10,250 can be availed by while purchasing a taxi in the city.

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Switzerland electric car market is segmented on the basis of vehicle type, propulsion technology, and battery type. By vehicle type, the market is further analyzed into hatchback, sedan, and SUV. Some of the major electric car models sold in the country include Tesla Model 3, with a market share of around 30% in 2019, followed by Renault Zoe, BMW i3, Hyundai Kona EV, Mitsubishi Outlander PHEV, Audi e-Tron respectively.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Switzerland Electric Car Market by Vehicle Type
o Sedan
o Hatchback
o SUV

Switzerland Electric Car Market by Propulsion Technology
o Battery Electric c
o Plug-in-Hybrid Electric Car

Switzerland Electric Car Market by Battery Type
o NiMH
o Li-Ion
o Others

Company Profiles
o AB Volvo
o Audi AG
o BMW AG
o Jaguar Land Rover Ltd.
o Mitsubishi Motors Corp.
o Nissan Motor Co.
o Renault Group
o Tesla, Inc.
o Volkswagen AG

The Report Covers
• Comprehensive research methodology of Switzerland Electric Car Market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting Switzerland Electric Car Market.
• Insights about market determinants that are stimulating Switzerland Electric Car Market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.

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