Automotive Business Point

The ASEAN electric vehicle market is experiencing increased product demand owing to strong government support toward electric vehicle adoption. While the concept of electric vehicles continues to capture the customer interest, subsidies by governments in regional countries are helping smoothen the transition to these vehicles by making them a valuable proposition for customers. Additionally, several manufacturers are increasing their investments in the production of electric vehicles in the region. For instance, in June 2019, Toyota Motor Corporation announced that the company would invest nearly $2 billion for the development of electric vehicles in Indonesia. Thus, it stands to reason that such investments by market players would further drive the growth of the ASEAN electric vehicle market in the near future. Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/asean-electric-vehicle-market/report-sample On the basis of propulsion, the ASEAN

The global automotive exhaust aftertreatment systems market is projected to register notable growth during the forecast period (2019–2025). Increasing greenhouse gas emissions by vehicles and growing implementation of associated regulatory standards are the major factors expected to drive the growth of the market. Globally, several governments are implementing stringent emission regulations for gasoline and diesel vehicles to keep the air quality level in check. This, in turn, is fueling the demand for exhaust aftertreatment systems for vehicles across the world. On the basis of fuel type, the automotive exhaust aftertreatment systems market has been categorized into gasoline and diesel. Between the two, diesel-based systems held the larger share in the market in 2018. Exhaust aftertreatment systems are mostly incorporated in automobiles with diesel engines. The vehicles that propel on diesel emit more harmful gases than those that run on gasoline, as gasoline contains comparativ