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(USGovernment-News.Com, August 07, 2024 ) Maximize market Research has published a report on United Kingdom Electric Vehicle Market, which highlights the key aspects and insights from the report on the UK electric vehicle market, including rankings, market growth, challenges, opportunities, and strategic initiatives.
UK ranks 5th globally in EY's EV Country Readiness Index for the electric vehicle (EV) transition. With a significant growth rate of 26% in 2023 UK follows behind Trails Norway (81%), Sweden (53%), and the Netherlands (35%). The UK government has taken initiatives by partnering with key players. UK government is also phasing out petrol and diesel vehicles with ‘road to zero strategy’. The zero-emission vehicle mandate starting from 2024 will have a significant impact on United Kingdom Electric Vehicle Market. Under this we see some developments like, Bentley-Electric vehicles only by 2030, Ford-Plug-in hybrid and electric by 2030, General Motors-Electric vehicles by 2035, Volvo-Electric-only sales from 2030, Peugeot-Electrify all vehicles by 2023, are some of the important landmarks.
United Kingdom Electric Vehicle Market Key Players:
Tesla (Palo Alto, California, USA)
BMW (Munich, Germany)
Mini (Oxford, United Kingdom - part of BMW Group)
Ford (Dearborn, Michigan, USA)
Hyundai (Seoul, South Korea)
Kia Corporation (Seoul, South Korea)
Nissan (Yokohama, Japan)
Volkswagen (Wolfsburg, Germany)
Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:
EV Onboard Battery Charger Market size was valued at USD 4.4 Bn in 2023 and is expected to reach USD 13.44 Bn by 2030, at a CAGR of 17.3%.
Butterfly Valves Market size was valued at USD 11.2 Billion in 2023 and the total Butterfly Valves Market revenue is expected to grow at a CAGR of 6.24 % from 2024 to 2030, reaching nearly USD 17.11 Billion.
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