Automotive Business Point

The increasing replacement sales of buses in China is resulting in the rising demand for electric buses. About one-third of the few million buses/coaches in China, accumulated over the last decade, are more than five years old. These conventional buses are predicted to be replaced by new electric buses in the coming years. In addition to this, the government of the country is increasingly focusing on increasing the number of electric buses in the transportation system. The penetration of electric buses is expected to be faster than that of other electric vehicles, such as cars, as persuading hundreds of bus operators to choose for the new technology is easier than convincing millions of car buyers to do the same. According to a report by P&S Intelligence, in 2017, the electric bus sales in China were 104.3 thousand units, which is expected to reach 176.4 thousand units by 2025, growing at an 8.6% CAGR during the forecast period (2018–2025). The three type of electric buses are h

   The increasing lifespan of automobiles is one of the major factors fuelling the demand for automotive tires throughout the world. The average life span of the vehicles across the world increased from 10.5 years to 12 years during 2010—2018, mainly on account of the increasing enactment of various regulations and policies by the governments of many countries and rising competition amongst the automobile manufacturing companies all over the world. The surging average life spans of vehicles have massively increased the mileage of the vehicles, which has in turn, amplified the incidence of wear and tear on the tires. The flourishing automotive industry, especially in the Asia-Pacific (APAC) region is another important factor responsible for the soaring sales of automotive tires throughout the world. Driven by these factors, the revenue generated from the worldwide sales of automotive tires is expected to rise from 155.3 billion to 237.2 billion from 2018 to 2024. The global  automotive

A fund of $4,371.6 million was allocated by the Italian government to convert the bus fleet in its major urban and semi-urban pockets to those running on new energy, such as electricity. The investment for the period between 2019 and 2033 has been provided considering the strong need to reduce the emission of greenhouse gases (GHG) and other toxic gases from vehicles, as they are the primary culprit in the quickly degrading air quality in the country. Additionally, the national government submitted a proposal on an integrated energy and climate plan to the European Union in 2018, which puts a special emphasis on low- or no-emission transport. With such policies and other financial incentives, the sale of electric buses will increase substantially in the country. Moreover, even the local administrations of Milan, Cagliari, Turin, and other cities in the nation have set targets for converting their public transport system to one which is driven by clean energy. With the rising sale of el

 The U.S. electric truck market is expected to generate a revenue of $15,084.3 million by 2030, increasing from $211.5 million in 2019, and the 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. On the basis of vehicle type, the U.S. electric truck market is divided into heavy-duty truck (HDT), light-duty truck (LDT), and medium-duty truck (MDT). Out of these, the LTDs are predicted to account for the largest share of the market in 2030, owing to the increasing demand for pickup trucks in the country. In the U.S., LTDs accounted for more than 85% of the sales of commercial vehicles. Other than this, the HDT division is predicted to grow at the fastest pace during the

 Due to the sharp surge in the instances of drones having close encounters with commercial aircrafts and the rise in drone detection cases in recent times, the demand for anti-drone technology is growing rapidly in the Asia-Pacific (APAC) region. Close encounters and near misses between manned and unmanned aircrafts have become extremely common in the last few years. Moreover, these encounters have caused many catastrophic accidents around the world during the past few years. Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/apac-anti-drone-market/report-sample For example, a Chinese tourist breached security at the Taj Mahal in India in October 2018. He took his drone inside the area manned by the Central Industrial Security Force (CISF). Due to these incidents, the Bureau of Civil Aviation Security (BCAS), which is the aviation security supervisory body of India, enacted a counter-drone plan in July 2018 for safeguarding airports from the th

In this era of continuous inflation, people are finding sharing things a better option than buying them. One of the aspects of daily life where this new ideology is the most visible is transportation. Instead of buying a car, scooter, or motorcycle, people around the world are opting for car rental, ride hailing, carsharing, and two-wheeler sharing services. Not only are these services convenient, but also available throughout the day, bookable via mobile apps. The popularity of these sharing services is due to the fact that the fuel, insurance, parking, and maintenance cost doesn’t have to be borne by riders, but the sharing service provider. And, just like consumers, even sharing service providers are now looking to cut their expenditure, which is continuously rising on account of the increasing gasoline and diesel prices. This is why they are integrating more electric vehicles (EVs) in their fleet, as the cost of using a vehicle charging facility is a lot less than that for diesel a