Singapore Electric Vehicle Market Outlook (2020-2025) | Size & 6Wresearch

 Deteriorating air quality, increasing carbon emissions and other environmental issues have raised an alarm to adopt electric mobility and cleaner energy resources with the total number of electric vehicles rising from 33 in 2016 to 1336 in 2019 end. Additionally, the electric vehicle market is expected to take a hit amid the Covid-19 pandemic in 2020.  

According to 6Wresearch, Singapore electric vehicle market size grew at a CAGR of 134.1% during 2020-2025. The government of Singapore has also demonstrated a strong commitment to introducing and promoting electric mobility in Singapore and has an ambitious plan to phase out all ICE vehicles by 2040. Additionally, the government has also set an ambitious plan to increase the number of charging points from 1700 to 28000 by 2030 to support electric vehicles and allow ease to adopt electric commutation among the people.

Key Highlights of the Report

  • Singapore Electric Vehicle Market Overview
  • Singapore Electric Vehicle Market Outlook
  • Singapore Electric Vehicle Market Forecast
  • Market Drivers and Restraints
  • Industry Life Cycle
  • Porter’s Five Force Analysis
  • Impact Analysis of COVID-19
  • Market Trends
  • Singapore Vehicle Market Revenue Ranking, By Companies
  • Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

About Us-

6Wresearch is the premier, one-stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.

Contact Us: Phone: +911143024305 | Email Id: sales@6wresearch.com

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