{"id":8115,"date":"2020-06-03T06:11:00","date_gmt":"2020-06-03T06:11:00","guid":{"rendered":"http:\/\/wordpress2.hdnweb.com\/2020\/06\/03\/global-electric-vehicle-sales-increase-with-implementation-of-stringent-emission-norms-says-frost-sullivan\/"},"modified":"2020-06-03T06:11:00","modified_gmt":"2020-06-03T06:11:00","slug":"global-electric-vehicle-sales-increase-with-implementation-of-stringent-emission-norms-says-frost-sullivan","status":"publish","type":"post","link":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/06\/03\/global-electric-vehicle-sales-increase-with-implementation-of-stringent-emission-norms-says-frost-sullivan\/","title":{"rendered":"Global Electric Vehicle Sales Increase with Implementation of Stringent Emission Norms, Says Frost &amp; Sullivan"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><b><i><span class=\"xn-location\">Europe<\/span> is expected to have the highest YoY growth of over 10% in 2020<\/i><\/b><\/p>\n<p><span class=\"xn-location\">SANTA CLARA, California<\/span>, <span class=\"xn-chron\">June 3, 2020<\/span> \/PRNewswire\/ &#8212; Frost &amp; Sullivan&#8217;s recent analysis, <b>Global Electric Vehicle Market Outlook, 2020<\/b>, finds that the COVID-19 uncertainty will globally dent electric vehicle (EV) sales, which are estimated to stand somewhere between \u00b19% in 2020 compared to 2019 under three different scenarios\u2014gradual containment, severe pandemic, and global emergency. But as the market recovers, which is probably after June in the best-case prospect, it is predicted to experience healthy growth. In an optimistic scenario, EVs are estimated to grow by 8.6% year-on-year (YoY), registering 2.5 million unit sales (battery electric vehicles plus plug-in hybrid electric vehicles) globally in 2020.<\/p>\n<p>Photo &#8211; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2820182-1&amp;h=2169747165&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1176086%2FGlobal_electric_vehicles.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1176086%2FGlobal_electric_vehicles.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/1176086\/Global_electric_vehicles.jpg<\/a> <\/p>\n<p><b>For further information on this analysis, please visit: <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2820182-1&amp;h=3544896886&amp;u=http%3A%2F%2Ffrost.ly%2F45a&amp;a=http%3A%2F%2Ffrost.ly%2F45a\" rel=\"nofollow\">http:\/\/frost.ly\/45a<\/a><\/b><\/p>\n<p>&#8220;EV sales will be driven by the implementation of stringent emission norms across countries and global policies favoring the adoption of battery electric vehicles (BEVs),&#8221; said <b>Prajyot Sathe, <\/b>Automotive and Transportation Industry Manager at Frost &amp; Sullivan. &#8220;Additionally, non-monetary or tax incentives are likely to be more attractive for buyers as countries with the highest EV penetration ratio such as <span class=\"xn-location\">Norway<\/span> and <span class=\"xn-location\">the Netherlands<\/span> offer these rather than cash incentives.&#8221;<\/p>\n<p>Sathe added: &#8220;If BEVs are pushed by original equipment manufacturers (OEMs) on new energy vehicle (NEV) credit mandates, <b><span class=\"xn-location\">China<\/span><\/b> is set to remain the market leader with a 48.3% share. Further,<b> <span class=\"xn-location\">Europe<\/span><\/b> is expected to have the highest YoY growth of over 10%\u2014availability of models, reduced delivery times and compliance push are major growth factors in the EU.&#8221;<\/p>\n<p>To tap into the growth prospects exposed by EV, market participants should focus on the following:<\/p>\n<ul type=\"disc\">\n<li>The introduction of <b>new models<\/b> will help OEMs increase the percent penetration of EVs. <\/li>\n<li>A huge number of <b>recyclers and dismantlers<\/b> will come into play as the first phase of batteries will be available for second life or recycling. <\/li>\n<li><b>Charging as a service<\/b> is an emerging trend. Hence, partnerships will be necessary for traditional participants to compete with start-ups. <\/li>\n<li><b>Capitalizing on existing expertise<\/b> will help component manufacturers sustain the transformation of the industry.<\/li>\n<\/ul>\n<p><b>Global Electric Vehicle Market Outlook, 2020 <\/b>is the latest addition to Frost &amp; Sullivan&#8217;s <b>Automotive and Transportation <\/b>research and analyses available through the Frost &amp; Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.<\/p>\n<p><b>About Frost &amp; Sullivan<\/b><\/p>\n<p>For over five decades, Frost &amp; Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.<\/p>\n<p class=\"prntac\"><b>Global Electric Vehicle Market Outlook, 2020<\/b><\/p>\n<p class=\"prntac\"><b>MF47<\/b><\/p>\n<p><b>Contact:<br \/><\/b><span class=\"xn-person\">Francesca Valente<\/span><br \/>Corporate Communications<br \/>E: <a target=\"_blank\" href=\"mailto:Francesca.Valente@frost.com\" rel=\"nofollow\">Francesca.Valente@frost.com<\/a>\u00a0<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2820182-1&amp;h=2962147828&amp;u=http%3A%2F%2Fww2.frost.com%2F&amp;a=http%3A%2F%2Fww2.frost.com\" rel=\"nofollow\">http:\/\/ww2.frost.com<\/a><\/p>\n<\/div>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=EN24347&amp;Transmission_Id=202006030611PR_NEWS_EURO_ND__EN24347&amp;DateId=20200603\" style=\"border:0px; width:1px; height:1px;\"\/> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><b><i><span class=\"xn-location\">Europe<\/span> is expected to have the highest YoY growth of over 10% in 2020<\/i><\/b><\/p>\n<p><span class=\"xn-location\">SANTA CLARA, California<\/span>, <span class=\"xn-chron\">June 3, 2020<\/span> \/PRNewswire\/ &#8212; Frost &amp; Sullivan&#8217;s recent analysis, <b>Global Electric Vehicle Market Outlook, 2020<\/b>, finds that the COVID-19 uncertainty will globally dent electric vehicle (EV) sales, which are estimated to stand somewhere between \u00b19% in 2020 compared to 2019 under three different scenarios\u2014gradual containment, severe pandemic,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[18],"tags":[],"class_list":["post-8115","post","type-post","status-publish","format-standard","hentry","category-hispanicmotorpress"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Global Electric Vehicle Sales Increase with Implementation of Stringent Emission Norms, Says Frost &amp; 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