Smart E-Drive Market Analyzed With Trends And Opportunities By 2030

1. 2022 Smart E-Drive Market Opportunities, Growth, Challenges, Business Trends and Forecast 2030

2. According to the International Energy Agency (IEA), the total number of battery electric vehicle (BEV) cars and BEV vans will rise from 6,850,327 units in 2020 to 79,975,992 units by 2030 and 427,525 units in 2020 to 11,041,648 units by 2030, respectively. Furthermore, the organization also forecasts that the stock of plug-in hybrid electric vehicle (PHEV) cars and PHEV vans will expand from 3,346,713 units in 2020 to 44,355,904 units by 2030 and 8,384 units in 2020 1,959,625 units by 2030, respectively. The burgeoning penetration of electric vehicles (EVs) and hybrid vehicles is expected to strengthen the smart e-drive market in the foreseeable future. The rising shift toward EVs and hybrid vehicles can be primarily owed to the surging need to reduce the level of greenhouse gases (GHGs), which are largely emitted by vehicles. For example, the U.S. Environmental Protection Agency estimates that on-road vehicles emitted 1,512.7 teragrams of carbon dioxide equivalent (Tg CO2 Eq) of CO2, 32.7 Tg CO2 Eq of hydrofluorocarbons (HCFs), and 9.3 Tg CO2 Eq of nitrogen dioxide (N2O) in the U.S. in 2019.

3. Moreover, the toughening vehicle emission norms will also result in the widescale adoption of smart e-drive features in the forthcoming years. For instance, the European Commission enforced the Regulation (EU) 2019/1242 to set CO2 emission standards for heavy-duty vehicles manufactured after 14 August 2019. Additionally, the regulation also encompasses a mechanism to incentivize the purchase of zero- and low-emission vehicles (ZLEVs), in a technology-neutral manner. Likewise, in October 2020, the Government of Australia released two drafts on the possible introduction of Euro 6 vehicle emission standards in the country. Besides, the improving EV charging infrastructure will also encourage the uptake of smart e-drive technology in the upcoming years. As per the IEA, the number of fast public electric light-duty vehicle chargers in Europe and China grew from 24,700 in 2019 to 38,300 in 2020 and 214,700 in 2019 to 309,000 in 2020, respectively. It further states that the number of slow public electric light-duty vehicle chargers in China and Europe surged from 301,200 in 2019 to 498,000 in 2020 and 187,300 in 2019 to 247,800 in 2020, respectively. Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/smart-e-drive-market/report-sample

4. All-wheel drive (AWD), rear-wheel drive (RWD), and front-wheel drive (FWD) systems offered by Magna International Inc., Hyundai Mobis Co. Ltd., BorgWarner Inc., Robert Bosch GmbH, Continental AG, Infineon Technologies AG, GKN plc, Siemens AG, AISIN SEIKI Co. Ltd., Hitachi Ltd., Schaeffler AG, MAHLE GmbH, and ZF Friedrichshafen AG are used for e-axle and wheel drive applications. In recent years, AWD gained prominence over RWD and FWD due to the rising need for better acceleration, traction, and towing capabilities in multi-utility vehicles (MUVs) and sport-utility vehicles (SUVs). Globally, the European region is expected to lead the smart e-drive market in the coming years. This will be on account of the burgeoning demand for EVs and hybrid vehicles and toughening vehicle emission norms in the region. Additionally, the presence of prominent automotive original equipment manufacturers (OEMs) such as ZF Friedrichshafen AG, Robert Bosch GmbH, and Continental AG and the rapid expansion of charging infrastructure will also facilitate the adoption of smart e-drive features in European countries. Thus, the soaring number of EVs and hybrid vehicles and the increasing implementation of stringent emission control norms will result in the widescale usage of smart e-drive features.

5. This study covers 1. Historical and the present size of the Smart E-Drive Market 2. Historical and the present size of the market segments and understand their comparative future potential 3. Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings 4. Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders Major players operating in the market and their service offerings Browse More Related Reports: Electric Vehicle Industry Projected to Garner Significant Revenue Electric Mobility Market Evolving Opportunities with Top Key Players, 2030

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