Hybrid Product Portfolio of OEMs Projected to Hit 28.5 Million Units by 2030
The hybrid market is projected to grow from 12.4 million units in 2024 to 28.5 million units by 2030 at a CAGR of 13.0%. The major drivers of the market are stringent emission norms set by the governments, an increase in the adoption of sustainable vehicles, and superior efficiency without range anxiety or charging or battery discharge. By region, Europe and China are projected to lead the hybrid...
North America to Lead Low-Speed Vehicle Market Growth: Projected USD 8 Billion by 2028
North America is expected to be the largest market for low-speed vehicles during the forecast period. The market is projected to grow from USD 5,703.2 million to USD 8,020.0 million at a CAGR of 5.8%.
These vehicles are popular for short-range commutes among older citizens in the US and are also used as neighborhood vehicles to commute to gyms, malls, restaurants, and schools. In the North American...
Electric Scooter and Motorcycle Market Size to Reach $12.4 Billion by 2030
The Electric Scooter and Motorcycle Market Size is poised for substantial growth, projected to reach a remarkable value of $12.4 billion by 2030. This surge can be attributed to the increasing demand for eco-friendly transportation solutions and the rising awareness of the environmental impact of conventional vehicles. With urbanization on the rise and traffic congestion becoming a critical issue...