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Global Electric Vehicle Infrastructure Market set to expand by 2021

United States: The electric vehicles from Nissan are available at discounts of up to USD10,500 in Colorado under the limited time group buy program offered by Aurora. The electric vehicles are entitled for such high discount through a combination of customer cash rebates and discounts until November 10. Nissan’s partnered with Aurora officials to introduce this program to upsurge sales of electric vehicles in the region.

TechSci Research depicts that the governments across the globe have focused on reduction of harmful gas emissions from the automobile sector, thereby formulating policies to increase the penetration of electric vehicles in the transportation sector. The growing requirement for charging infrastructure contributes to the increasing number of electric vehicles across the globe. The transportation sector accounted for over 20% share in carbon dioxide emissions, globally, and this can be reduced by promoting use of electric vehicles in place of conventionally fueled vehicles. Increasing level of pollution creates a huge opportunity for adoption of electric vehicles and development of electric vehicle infrastructure during 2016-2021.

According to released report of TechSci ResearchGlobal Electric Vehicle Infrastructure Market Forecast & Opportunities, 2021”, the global electric vehicle infrastructure market is projected to grow at a CAGR of 27% by the end of 2021. The growth is expected on account of increasing number of electric vehicles globally and governments’ policy to promote the adoption of electric vehicles. The development of battery technologies and enhancement in charging protocols is a big boost for electric vehicle infrastructure which would lead to rise in demand for electric vehicles and expansion in market for electric vehicle infrastructure, globally.

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