23 Mar 23 | CET: 10:30 AM - 23 Mar 23 | CET: 11:00 AM
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The London EV Show gathers the world's leading companies and startups to showcase a broad range of products, services, and ideas, from electric cars and light vehicles to electric trucks and vans, as well as electric charging infrastructure and battery systems.
Car rental brands need to prioritise three commercial areas to improve future competitiveness: advance new models of flexible ownership, implement more convenient online rentals and progressively adopt AI and big data applications in various business processes. The three trends will play an important role in articulating new sources of income, while also helping to reduce overhead costs in the long run.
2024 is expected to be an exciting year for the electric vehicle (EV) industry as it continues to transform consumer and commercial mobility. According to Euromonitor’s Mobility forecasts, 25% of all new passenger car registrations are forecast to be electric in 2024, exceeding 17 million units in sales globally. Here are the top three predictions for the EV market in 2024.
In 2023, new electric vehicles (EV) as a share of total registrations are projected to reach a record 20% (only including battery electric and plug-in hybrid electric vehicles) worldwide, up from 16% a year earlier. Yet, as EV take-up grows, the industry is anticipated to face several growing pains: the lack of affordable EVs, lagging EV charging infrastructure, and insufficient grid capacity. Amid stricter laws and carbon emission standards set by governments, overcoming these key challenges will be vital to continue decarbonising the transport sector.
Skyrocketing electricity prices, especially in Europe due to the war in Ukraine, are likely to test the EV industry’s resilience, which has already been challenged by semiconductor shortages and rising production costs.
In July 2022, Euromonitor International launched the 2022 EV Readiness Index. The index evaluates electric vehicle preparedness in 37 countries across 20 data points within four pillars: market maturity, income and spending factors, infrastructure factors and incentive factors.
Our award-winning syndicated market research database provides detailed data and analysis on industries and consumers, across 1200 cities, 210 countries. We use advanced analytics and data science to identify and measure the effect of disruption to the economy, industries, costs and prices.
Explore PassportVia helps you navigate a fast-changing digital marketplace. We extract and organise ecommerce data from over 1,500 online retailers in 40 countries providing daily updates on pricing, assortment size and key attributes.
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