Italy electric vehicle market is estimated to grow at a CAGR during the forecast period. Supportive government initiatives, the presence of major market players, and significant growth in the electric vehicle charging infrastructure are some of the major factors driving the growth of the electric vehicle market in the country. At the end of 2018, Italy Government proposed a “bonus-malus” incentive policy for the period of 2019-2021. Under this policy, the buyer can receive a subsidy up to $7,100 for cars emitting less than 20 g CO2/km and up to $2,800 for cars emitting more than 250 g CO2/km. In addition to the “bonus-malus” scheme for M1 vehicles, the Financial Law 2019 also introduced an incentive scheme, for a total budget of $11.08 million for the year 2019, for the purchase of brand new electric or hybrid two wheels vehicles from category L1 and L3 with power up to 11 kWh.
Request a free sample of our report on Italy Electric Vehicle Market: https://www.omrglobal.com/request-sample/italy-electric-vehicle-market
The market is analyzed 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 others. Passenger cars will have the major market share during the forecast period in the country. Based on propulsion technology, the market is sub-segmented into battery electric vehicles and plug-in hybrid electric vehicles. The battery-electric vehicle segment is expected to show significant growth during the forecast period. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Among these,the Li-ion battery electric vehicle market is anticipated to witness considerable growth. Some of the major players contributing to the growth of the market include BMW AG, Daimler AG (Smart), Hyundai Motor Co., Jaguar Land Rover Ltd., Nissan Motor Co., Renault Group, Tesla, Inc., and others.
A full report of Italy Electric Vehicle Market is available at: https://www.omrglobal.com/industry-reports/italy-electric-vehicle-market
Italy Electric Vehicle Market Segmentation
By Vehicle Type
Commercial Vehicles
Passenger Cars
Others (Two-Wheelers)
By Propulsion Technology
Battery Electric Vehicles
Plug-in Hybrid Electric Vehicle
By Battery Type
NiMH
Li-Ion
Others
Company Profiles
BMW AG
BYD Co. Ltd.
Daimler AG (Smart)
Hyundai Motor Co.
Jaguar Land Rover Ltd.
Nissan Motor Co.
Renault Group
Tesla, Inc.
TAZZARI GL IMOLA SPA
For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/italy-electric-vehicle-market
About us:
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 https://www.omrglobal.com/
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: [email protected]
Contact no: +91 780-304-0404