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 In April 2019, the Indian government approved phase II of the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) scheme with a budgetary allocation of INR 10,000 crore. This has given a massive boost to the sale of EVs in the country, especially of e-rickshaws,which were already high here. In 2019 alone, 4.5 lakh (450,000) e-rickshaws were sold in the country, bringing the total number of those in operation to more than 10lakh (1 million)! Apart from the government support for EV manufacturing and buying, the constant requirement of people for low-cost transportation is also driving the  Indian e-rickshaw and on-demand ride hailing market growth . A large number of Indians still cannot afford personal vehicles, which is why public transportation is an important part of the everyday life in the nation. Rides on petrol, diesel, and even compressed natural gas (CNG) three-wheelers (auto rickshaws) are often costly considering the dis...

 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 mar...

The presence of favorable government policies and measures in many European countries and cities is one of the important factors responsible for the soaring adoption of carsharing services in Europe. For instance, the Mayor of London announced, in 2018, his plans of building public parking spaces in the city that would significantly reduce the private ownership of cars and facilitate car parking in the city. Similarly, the Mayor of Paris announced, in April 2017, her plans of making the city the first post-car city in the world. Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/europe-carsharing-market/report-sample The other major factors propelling the demand for carsharing services in Europe are the increasing road congestion in European cities, especially at peak hours and the emergence of a plethora of individual business plans and models pertaining to carsharing in several European countries. In addition to this, the rising reluctance of...

Automobile manufacturers are integrating human–machine interface (HMI) systems to cater to the increasing preference of customers to remain connected with the outside world, while on road. Because of the increasing in-vehicle connectivity features in infotainment systems to connect smartphones with the vehicle, automobile diagnostics, traffic and collision warnings, real-time traffic monitoring, and roadside assistance, the automotive HMI market is expected to display a CAGR of 10.8% during 2020–2030. Besides, increasing awareness about improved safety features in vehicles will increase the size of the market from $18,822.3 million in 2019 to $55,318.4 million by 2030. Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/automotive-hmi-market/report-sample To increase the safety quotient, automotive producers are integrating automotive HMI solutions to assist drivers while traveling. These solutions reduce distractions while driving by offering safety feat...

In India, the number of vehicles on roads, including auto-rickshaws, buses, private cars, motorcycles, and scooters is incredibly high, which can be ascribed to the increased population in the country. This surging number of vehicles on roads is the primary cause for increased congestion on roads, particularly in urban cities, such as Bengaluru, Delhi/NCR, Chennai, and Mumbai. Commuters have to face increased travel-time due to this. Owing to this, the demand for two-wheeler sharing mobility services in India has been growing at a swift pace. Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/india-two-wheeler-sharing-market/report-sample Two-wheelers can go through traffic in a relatively easy and timely manner, which makes an ideal option in places with high road traffic. Moreover, two-wheeler sharing services are highly convenient for short distance and are much more cost-effective than other shared mobility services such as carsharing. Daily comm...

The used car industry has historically been dominated by various companies operating in the unorganized sector in the developing nations such as India, China, Mexico, and Brazil. A majority of the transactions have been traditionally made by individuals who were trying to sell and buy cars. As the parties involved in these transactions have been primarily individuals rather than organizations or firms, it has been very difficult to build trust and connection between them. Request to Get the Sample Report:  https://www.psmarketresearch.com/market-analysis/used-car-market/report-sample The global used car market attained a size of 115.2 million units in 2019 and is predicted to reach a capacity of 275.3 million units in 2030. According to the forecast of P&S Intelligence, a market research firm based in India, the market would progress at a CAGR of 8.7% from 2020 to 2030. The rapid growth in car ownership rates all over the world is fueling the expansion of the global used car in...

The U.S. electric truck market is expected to generate a revenue of $15,084.3 by 2030, increasing from $211.5 million in 2019, and the  U.S. electric truck market  is expected to witness robust growth of 51.6% CAGR during the forecast period (2020–2030). The market is growing due to the increasing government support for the deployment of electric trucks in the country and the falling process of battery packs. In addition to this, electric trucks are cheaper to maintain and operate as compared to traditional diesel trucks.  The U.S. is home to one of the largest trucking industries in the world, with these vehicles ferrying 11,520,318 thousand tons of freight, worth $12,421,511 million, across the country in 2017, as per the U.S. Bureau of Transportation Statistics. Apart from the well-established logistics sector for conventional modes of shopping (physical stores), the growing e-commerce industry in the country is also driving truck sales to freight companies. The U...

The transportation of goods from one place to another has always been a matter of importance. People are mostly aware regarding home delivery of things that they order online, however, it is but a miniscule part of road transport or road freight. Goods are transported on a daily basis from industries to wholesale stores or retail stores, or from wholesale to retail stores. This transportation of merchandise and goods via road, using vehicles such as vans or trucks, is referred to as road freight. While goods can now be transferred via air or ocean transport, road transport remains one of the most common ways of delivering goods. Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/road-freight-transportation-market/report-sample Road freight is effective, efficient and significantly cheaper than air freight. Swift urbanization and expanding e-commerce sector are among the key factors resulting in the rising demand for road freight . As the spending abilit...

The global second-life automotive lithium-ion battery market generated a revenue of $430.0 million in 2019 and is predicted to reach a valuation of $7,392.0 million by 2030. According to the forecast of the market research company, P&S Intelligence, the market will advance at a CAGR of 23.1% from 2020 to 2030. The increasing deployment of electric vehicles in several countries and the high costs of the battery recycling processes are the main factors driving the advancement of the market. The other major factor fueling the progress of the second-life automotive lithium-ion battery market is the rising deployment of electric vehicles (EVs) all over the world. The increasing concerns being raised over the rapid environmental degradation caused due to the usage of oil and gas-powered vehicles are propelling the sales of EVs across the globe. According to various reports, nearly 43% of the total greenhouse gas emissions are released by automobiles. Request to Get the Sample Report: h...

The development of technologies such as internet of things (IoT) and artificial intelligence (AI) have had a positive impact on the automotive industry, just like many other industries. These technologies are increasingly being utilized in vehicles to make them safer and more efficient in order to provide consumers with enhanced driving experience. In addition to this, the focus on development of autonomous cars has increased significantly as well. Because of strong economic growth and increasing disposable income of people, the demand for autonomous vehicles is predicted to increase considerably in the near future.  Request to Get the Sample Report: Technologies such as big data, AI, and IoT are further being extensively utilized for enhancing the safety on roads for pedestrians as well as drivers. Owing to this, the demand for cooperative vehicle infrastructure system (CVIS) is growing swiftly. This system obtains information regarding roads and vehicles by making use of technolo...

The transportation of goods from one place to another has always been a matter of importance. People are mostly aware regarding home delivery of things that they order online, however, it is but a miniscule part of road transport or road freight. Goods are transported on a daily basis from industries to wholesale stores or retail stores, or from wholesale to retail stores. This transportation of merchandise and goods via road, using vehicles such as vans or trucks, is referred to as road freight. While goods can now be transferred via air or ocean transport, road transport remains one of the most common ways of delivering goods. Request to Get the Sample Report:   https://www.psmarketresearch.com/market-analysis/road-freight-transportation-market/report-sample Road freight is effective, efficient and significantly cheaper than air freight. Swift urbanization and expanding e-commerce sector are among the key factors resulting in the rising demand for road freight. As the sp...

The rising demand for smoother road traffic and safer driving is fueling the popularity of automotive telematics solutions in Germany. Road traffic jams, deaths, and serious injuries are some of the undesirable outcomes of road travel. Moreover, human error is the leading cause of road accidents and crashes. Human drivers are more likely to make errors such as the speeding and the inability to accurately gauge the safe distance from the front vehicle and the surroundings than advanced technology-based systems. Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/germany-automotive-telematics-market/report-sample As per the provisional results of the Federal Statistical Office (Destatis), more than 1,281 deaths were recorded in Germany during the first six months of 2020. This can be significantly reduced with the integration of various telematics solutions in vehicles. These solutions provide a very safe driving experience to drivers. Besides these factor...