Automotive&TransportationWorld

According to a report published by P&S Intelligence, the global automotive regenerative braking systems (RBS) market is expected to attain $18,228.3 million by 2023, increasing from $6,555.6 million in 2017, and is expected to register an 18.6% CAGR during the forecast period (2018–2023). The market is primarily being driven by the surging requirement for fuel-efficient and eco-friendly vehicles across the globe. Owing to rapidly increasing concerns regarding the environment, auto manufacturers are increasingly being compelled to adopt technologies which can reduce rising exhaust gas emissions and decrease fuel consumption by vehicles. When vehicle type is taken into consideration, the automotive regenerative braking systems market is categorized into commercial vehicles and passenger cars, between which, the passenger car category is projected to dominate the market during the forecast period. This is primarily due to the expanding electric and hybrid passenger cars market and th...

Due to the rising concerns being raised over the environmental pollution and damage caused by the oil- and gas-powered vehicles, the governments of various ASEAN (Association of Southeast Asian Nations) countries are enacting regulations for automobile manufacturing and encouraging the usage of electric vehicles, in place of the conventional oil- and gas-powered ones. Moreover, several governments are also launching schemes, in the form of subsidies and financial incentives, for fueling the deployment of electric vehicles. Request to Get the Sample Report:   https://www.psmarketresearch.com/market-analysis/asean-electric-vehicle-market/report-sample As the adoption of electric vehicles can massively reduce the emission of carbon dioxide, the governments of several ASEAN countries are implementing policies aimed at propelling the sales of these vehicles. Many governments are launching incentive schemes to boost the adoption of electric vehicles in transport fleets. For exam...

Due to the increasing problem of air pollution, governments around the world are implementing stringent policies to control greenhouse gas (GHG) emissions from automobiles. For instance, the Euro 6 standards have been implemented in Europe and Bharat Stage VI standards in India to ensure the transition to cleaner variants of gasoline and diesel vehicles. Such policies have impelled automakers to change the technology of the engines, to make them compatible with the newer fuels. As a result, conventional automobiles are becoming more expensive, which is taking them out of the reach of an increasing number of people, especially in developing countries. As per P&S Intelligence, cost issues with the conventional automobiles compliant with the new regulations will be a key factor in taking the hybrid electric car market to $138.0 billion by 2023 from $57.2 billion in 2017, at a 16.7% CAGR between 2018 and 2023. Though more-polluting than a battery electric vehicle (BEV), hybrid electri...