EV Update Media – Electric Vehicles and Battery Industry News & Updates

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Industry Forecast

Commercial Vehicles Market In India (2020 To 2024)

India is one of the leading manufacturers and exporters of commercial vehicles. Karnataka, Madhya Pradesh, Tamil Nadu, Maharashtra and Himachal Pradesh are the major commercial vehicles manufacturing states in India, with Tamil Nadu manufacturing the highest number of commercial vehicles….

The Electric Vehicle Supply Equipment (EVSE) Market Is Predicted To Witness An Increase In Its Revenue To $2.7 Billion By 2025

The electric vehicle supply equipment (EVSE) market is predicted to witness a 10.7% CAGR during the forecast period (2020-2025) to see an increase in its revenue to $2.7 billion in 2025, from $1.5 billion in 2019. The market is being…

Two Wheeler Loan Market In India Is Projected To Grow From An Estimated $ 7.2 Billion In 2020 To $ 12.3 Billion By 2025

Technological advancements in the form of shift from combustion engine vehicle to electric vehicles, new product launches, subsidies offered by the government on purchase of electric vehicles and high vehicle replacement rate are boosting the sales of two wheelers across…

Automotive EVP (Electric Vacuum Pump) Market Size To Reach USD 2.40 Billion By 2026

The global automotive EVP market size is anticipated to reach USD 2.40 billion by 2026 on account of the increasing demand for more efficient vehicles worldwide. Automotive electric pumps help to provide more power to the driver of the vehicle by monitoring the change…

Temperature Sensor Market To Hit $11.1 Billion Revenue by 2030

In vehicles, the temperature of gases, liquids, and several systems is measured with sensors, so that the performance efficiency of automobiles can be maintained. With the rising sale of automobiles, particularly electric vehicles, the procurement of temperature sensors is growing….

Global Automotive V2X Market Is Expected To Reach $8,060.79 Million By 2027 Growing At A CAGR 42.1% During 2018 To 2027.

Automotive vehicle to everything (V2X) is a technology that helps increase road safety by means of advanced technological improvements in automotive electronics. V2X is based on the concept of intelligent transport system (ITS) and helps in efficient traffic management. This…

Impact Of COVID-19 On The Global Electric Vehicle Industry

Owing to the stringent emission regulations, there is an increasing demand for electric vehicles as it reduces emission and lowers fuel cost. Increasing consumer awareness regarding greener alternatives has led to the adoption of electric vehicles. As per the International…