Electric Vehicle Plastics Market by Material (PP, PE, ABS, PU, PVC, PA, PC, PVB), Application (Interior, Exterior, Lighting/Electric Wiring), & Region and ICE Passenger Cars by Material - Global Forecast to 2021
Report Description “Supporting government policies and taxation schemes are expected to fuel the demand for electric vehicles” The electric vehicle plastics market is projected to grow at a CAGR of 27.82%, to reach a market size of USD 1.49 billion by 2021. Several countries are trying to shift towards greener transportation solutions. Favorable taxation schemes, direct monetary incentives, and indirect subsidies are driving the sales of electric vehicles. For instance, in France there is a registration tax is for ICE (Internal Combustion Engine) passenger cars, electric vehicles are exempted from such tax.
Report Description Additionally, subsidies have been provided for achieving set emission targets; for instance, vehicles emitting less than 20 g/km get a bonus of about USD 9400, and vehicles emitting between 21 g/km–50 g/km would get a bonus of about USD 6700. Such factors are driving the electric vehicle plastics market. The factors restraining market growth are lack of charging infrastructure for battery electric passenger cars and the high cost of batteries, which increases the overall cost of electric passenger cars.
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Table of content 1.INTRODUCTION 18 2.RESEARCH METHODOLOGY 23 3.EXECUTIVE SUMMARY 34 4.PREMIUM INSIGHTS 41 5.MARKET OVERVIEW 45 6.PLASTICS MARKET FOR ALTERNATE FUEL PASSENGER CARS, BY APPLICATION 64 7.PLASTICS MARKET FOR ALTERNATE FUEL PASSENGER CARS, BY MATERIAL 73 8.PLASTICS MARKET FOR ICE PASSENGER CARS, BY MATERIAL & REGION 87
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