Australia Electric Vehicle Market Trends, Research Report, Growth, Opportunities, Forecast 2021-2027

 

Australia's electric vehicle (EV) market is estimated to grow at a CAGR of over 11.0% during the forecast period. The rising need to address future energy requirements is one of the major factors to drive the growth of the EV market in Australia. The country has adopted a national strategy for EVs to facilitate Australians to take advantage of EV technology. This strategy is adopted to coordinate action across governments, industry and urban and regional communities to improve the consistency of public charging infrastructure. The strategy will build on grants from the Australian Renewable Energy Agency (ARENA), finance from the Clean Energy Finance Corporation (CEFC) and the current work of the COAG Transport and Infrastructure Council. The wide adoption of this national strategy is anticipated to drive the growth of the EV market in Australia. 

A full report of Australia Electric Vehicle Market is available at: https://www.omrglobal.com/industry-reports/australia-electric-vehicle-battery-market

The market is segmented on the basis of vehicle type, propulsion technology, and battery Type. Based on vehicle type, the market is sub-segmented into commercial vehicles, passenger cars, and two-wheeler. Based on Propulsion Technology the market is sub-segmented into battery electric vehicle, plug-in hybrid electric vehicle. Based on the propulsion type, plug-in hybrid vehicles are anticipated to have considerable market growth during the forecast period. Based on the Battery type, the market is sub-segmented into NiMH, Li-Ion, and others.

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

The double hike in fuel prices in Australia has made Australians more inclined towards the purchase of the EVs. Tesla, Hyundai, Nissan, BMW, and Renault Group RE the major market players operating in the EV market in Australia. Tesla is a leading market player of EV in Australia with 70% of overall market share in the country. In 2019, around 3,300 EV by Tesla were sold in Australia in comparison to around 800 by Hyundai, 400 by Nissan, and 96 by BMW.

Australia Electric Vehicle Market- Segmentation

By Battery Type

·        NiMH

·        Li-Ion

·        Others

By Vehicle Type

·        Commercial Vehicles

·        Passenger Cars

·        Two-Wheelers

By Propulsion Technology

·        Battery Electric Vehicles

·        Plug-in Hybrid Electric Vehicle

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

Company Profiles

·        BMW AG 

·        Hyundai Motor Co.

·        Jaguar Land Rover

·        Kia Motors Corp.

·        Mitsubishi Motors Corp.

·        Nissan Motor Co.

·        Renault Group

·        Tesla, Inc.

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.

 

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 Orion Market Research

 

Media Contact:

Contact Person: Mr. Anurag Tiwari

Email: anurag@omrglobal.com

Contact no: +91 780-304-0404

Company Name: Orion Market Research