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Exploring the Dynamics of the India EV Battery Swapping Market: Advantages and Growth Factors

The Indian EV battery swapping market was valued at USD 10.2 million in 2022, and this number is expected to reach USD 61.57 million by 2030, advancing at a CAGR of 25.20% during 2022–2030, according to P&S Intelligence. This can be credited to the decreased upfront prices for electrical vehicles and no wait time for charging.

In 2022, the three-wheeler category generated the gigantic revenue share of approximately 90%. The battery swapping method advances the lifespan of the battery of e-three-wheelers. Mainly because such vehicles travel above 100 km on daily basis on average, demanding regular battery swapping.

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In 2022, the subscription model category had the considerable revenue share in the market. E-buses commonly have decided routes and stoppage, because of this, drivers know how many miles they travel daily and choose the subscription model.

In 2022, Uttar Pradesh generated the largest revenue share in the Indian EV battery swapping market. This can be credited to the fact that this state is the biggest market for e-two-wheelers in the country. The utilization of e-scooters and motorcycles is increasing throughout the state, mainly in tier-2 and tier-3 cities.

in 2022, Delhi is projected to have a considerable revenue share in the industry, because of the existence of a top e-three-wheelers market in the state. In 2021, the state reported for a substantial share of electric three-wheeler sales in the country. E-rickshaw sales have amplified since 2013 because the overall result of high vehicle usage, rising population and high volume of travel.

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Carsharing Market: Increasing Demand for Flexible and Sustainable Transportation Options

To meet environmental and community transportation objectives, Carsharing is great model. According to its goal, vision, and principles, fewer people own personal cars, less driving is done, urban land usage and development are improved, and everyone has access to automobiles at a reasonable price. P&S Intelligence, by 2030, it is expected that the worldwide carsharing market would be worth USD 9,957 million.

Moreover, the expansion of this business on a worldwide scale has been accelerated by technical advancement. This service is built on the use of smartphone applications, where consumers and service providers connect to schedule rides and make associated payments.

This covers the production of their materials and the electricity needed to keep them running. Additionally, it is anticipated that the market acceptance of electric automobiles would expand quickly due to their cheap maintenance costs.

Compared to gasoline or diesel vehicles, electric vehicles offer cheaper running expenses. Charging an electric car is less expensive than buying petrol or diesel for transportation requirements due to the comparatively cheap cost of energy. If charging is carried out using renewable energy sources that are already installed at home, the cost of power can be further decreased.

Along with a one-time registration fee, customers can make payments based on the distance and time they travel. Additionally, these service companies take care of other charges like those for parking, gasoline, maintenance, and insurance.

Moreover, they may quickly use the service and reserve the vehicle of their choice using the company’s smartphone. The app offers customers all the information and help they need to ensure a comfortable experience.

Rapid urbanization and industrialization are also contributing significantly to the market’s expansion. Furthermore, countries with high pollution levels include Taiwan and India.

The governments in these nations are concentrating on building solid infrastructure and road networks and increasing the number of electric vehicles in the carsharing fleets to reduce pollution levels and the rate of private vehicle ownership.

India Electric Rickshaw Market: Government Initiatives and Incentives Boosting Adoption

Talking about the emergence of e-rickshaws in India, they first hurled on the Indian roads, over a decade ago in 2011. Since then, there has only been an increase in the number of e-rickshaws on Indian roads.

The popularity of these vehicles has increased immensely all over India, thanks to their ability to carry 4-5 passengers comfortably over a short distance, rather economically, and the most notable factor is that, all this is done without any emissions.

In cities like Delhi, these have emerged as a livelihood source for people, and a sustainable and economical commute for commuters.

With present looking secure, let’s find out something about the future of these modes of communication in India.

How is the Future of e- Rickshaws in India?
When initially they busted on to the scene in India, e-rickshaws were imported, but with the increased interest of the people, and their potential on Indian roads, currently they are manufactured in the country itself. There are a number of manufacturers, producing advanced Lithium-ion batteries and there is a rapid growth of this entire ecosystem.

Though, with the expansion of battery swapping networks, it is becoming more and more possible for e-rickshaw drivers to drive to the nearest swapping station, get the exhausted battery replaced with a charged one, and get back on track without wasting too much time, and losing the opportunities to earn.

Taking all these factors into consideration, and the increasing concerns raised by environmental organizations around the world regarding the problem of emissions, and all the countries trying to mitigate it at their level, it is only fair to say that the future of e-rickshaws in India looks a promising prospect to say the least.

This growth of the e-rickshaws in India has a lot to do with the increasing average age of these rickshaws, and the constantly increasing number of rickshaws hitting the roads of the country.

Accelerating Convenience: Exploring the Automotive E-Tailing Market and its Impact on Online Car Parts and Accessories Shopping

E-commerce has gained massive popularity over the years. The internet and low-cost product availability or discounted prices have fetched shoppers to online platforms.The new players have entered the e-tailing landscape to sell the products through e-tailing sites or portals.

Few portals offer door-to-door delivery, installation support, and free advice to customers worldwide, and provide support through products or services, and technical expertise.

The rising popularity of Amazon, eBay, and Rock Auto boosts the automotive aftermarket industry, with rising sales of the automotive afterparts. Presently, the e-commerce automotive aftermarket industry is going through a massive transformation.

Numerous transactions are carried out on the internet concerning sales and purchases of automotive and afterparts, including electrical and electronic products, engine components, pistons, infotainment multimedia, bearings, rings, tires, wheels, valves, filters, and interior accessories. Such transactions include both business-to-business and business-to-consumer sales.

In addition, the rising disposable income of consumers, growing penetration of smartphones and the internet, including government initiatives to encourage EV road traction, and the emergence of new players in the industry boost the automotive e-tailing industry.

The passenger cars followed by commercial vehicles, led by economic development, and the per capita income rise in emerging economies propel the sales of automotive parts on e-commerce platforms. Customers prefer to buy branded and genuine products for cars and two-wheeler, due to their longer life span and stability.

The rise in the worldwide GDP, with an increase in the per capita income, results in growing sales of automotive afterparts in emerging economies, such as India, China, and Brazil.Presently, numerous startups and the emergence of new industry players in the e-commerce industry results in surging automotive e-tailing.

Moreover, government initiatives in the form of financial assistance and favorable trade policies boost online sales of automotive products and services.

North America experiences high sales of tires and wheels through e-tailing. In addition, the wide range of products, timely delivery, and hassle-free transaction propels the sale of automotive parts online. Furthermore, the presence of numerous e-retail players boosts the sales of the automated component on the portal, resulting in industry expansion.

In addition, the presence of global automotive companies, including, Walmart, and Amazon in emerging countries boost the sales of automotive parts online. Supportive government policies and 100% FDI offers new opportunities for companies to invest in emerging economies, including Brazil and India.

Browse Full Report Automotive E-Tailing Market Revenue and Demand

Safe and Smart: Exploring the Automotive Anti-Pinch Power Window System Market and its Role in Passenger Safety

Automotive anti-pinch refers to a safety technology that is used in the power windows of cars. This system restricts the winding up of the car window if it stumbles upon any obstacle in the path of the glass. The electric motor of the vehicle is equipped with a sensor that can identify the resistive force working against the glass movement. After sensing an obstacle, the motor prevents the closing action of the window to avoid any injury to a passenger or driver.

As an anti-pinch power window system is a part of vehicle safety features, rising public and government awareness about vehicle safety will propel the automotive anti-pinch power window system market at an exceptional CAGR of 12.0% during the forecast period (2017–2023). According to P&S Intelligence, the market was valued at $1,690.2 million in 2016, and it will generate $3,611.2 million revenue by 2023. For instance, the National Highway Traffic Safety Administration (NHTSA), under the U.S. Department of Transportation (DoT) mandates the installation of power windows in vehicles manufactured in the country.

In addition, the booming passenger car production will also facilitate the production of anti-pinch power widow systems globally. The International Organization of Motor Vehicle Manufacturers (OICA) states that the global automotive industry manufactured 55,834,456 passenger cars in 2020. The increasing production of passenger cars can be primarily credited to the mounting disposable income of people and the booming economy of developing countries, such as India and China. For example, the gross national disposable income of India grew from INR 1,73,15,933 crore in the financial year (FY) 2017–2018 to INR 1,92,37,943 crore in the FY 2018–2019.

In recent years, automotive anti-pinch window system manufacturers, such as Brose Fahrzeugteile GmbH & Co., Continental AG, Magna International Inc., Delphi Automotive PLC, and Robert Bosch GmbH, have focused on strategic partnerships and product launches to meet the needs of commercial vehicle and passenger car manufacturers. In contemporary times, luxury car manufacturers, such as Volvo, Mercedes-Benz, BMW, Audi, Tata Motors, General Motors, Lexus, Land Rover, Honda, and Hyundai, have become eminent users of such automotive products.

Globally, the European and North American regions collectively accounted for the majority of the share in the automotive anti-pinch power window system market in 2016. The dominance of these regions can be credited to the largescale vehicle production and export, hefty investments being made in the automotive industry, rapid technological advancements, and stringent vehicle safety norms in European and North American countries. The European Automobile Manufacturers’ Association (ACEA) states that member nations of the European Union (EU) manufactured 10.8 million passenger cars and 2.1 million commercial vehicles in 2020.

Therefore, the mounting vehicle safety concerns and the soaring passenger car production will accelerate the adoption of automotive anti-pinch power window systems in the coming years.

Driving Intelligence: A Comprehensive Analysis of the Global Connected Car Market

In layman terms, cars that you can connect to the internet via a wireless local area network are known as connected cars to make your life simpler. For example, you can remotely control some applications through a mobile phone and can communicate with other products. Moreover, they enable you to have real-time information and link your car with alert emergency services and dealerships in case of accidents.

What Are the Advantages of Connected Cars?

A connected car contains a range of innovative and appropriate specifications providing a range of advantages.

Provides accessibility to a range of infotainment facilities
Helps navigation system through third-party applications
Comprises up-to-date safety features to guarantee the finest road safety
Enhanced security features keep track of the car even when you are not driving it
Enables remote accessibility to a variety of functions

Such security alterations will support you in avoiding filing frequent claims against your car insurance rule. By following this method, you can also decrease your premium cost, because of the no-claim bonus facility. Connected car industry is experiencing growth and it is projected to reach USD 245,739 million by 2030.

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Working on Connected Cars

Automobile engineering businesses employ 2 systems in connected cars –

Embedded connected vehicle technology is armed with an incorporated antenna and a chipset.
Tethered system is armed with hardware that aids in connecting the driver’s mobile phone with his/her vehicle.

Additionally, a connected car can convey data, connect with other devices and provide Wi-Fi connection to the passengers and driver. Connected technology also can access telematics and is recognized to be suggestively beneficial for EVs.

Features of Connected Cars

Security

Connected cars recommend controlled driving speed and distance to caution against any problematic condition. Additionally, in a premium connected car, you can find parking sensors coupled with rear-view cameras. In many cars sensors are also deployed to measure air pressure and inform the driver.

Traffic Management

Almost all modern cars are armed with fixed GPS devices. Such devices aid with real-time traffic information to the drivers and passengers through wireless internet connections or Bluetooth. Therefore, you can dodge traffic and reach your destination on time.

V2V Communication

Coupled with vehicle-to-vehicle connectivity supports connected vehicles to communicate with one another. This shares vital information, such as speed limits traffic movement, road conditions, and other details.

Environmental-Friendly

Till today, a huge number of cars function on fuel, growing carbon emissions significantly. In this respect, a connected automobile is an improved alternative. It offers real-time information on people commuting your way waiting for a ride. Thus, you can give them a ride to bring down the carbon emission rate.

Services

Specialists forecast that connected cars will further provide a unified experience. Service stations will remotely inspect your car. The car will notify you regarding nearby parking spaces. Furthermore, enhanced driver support systems will lessen the burdens of driving, and your motor will give you information regarding hotels or restaurants between your route. Also, an electric-connected car notifies about the nearest charging points.

Charging into the Future: An In-Depth Analysis of the Global Electric Vehicle Supply Equipment Market

From $3,897.5 million in 2022, the electric vehicle supply equipment market value is projected to rise by 11.7% from 2022 to 2030, ultimately reaching $9,426.2 million, forecasts P&S Intelligence.

The growth can be credited to the increasing need for e-vehicles, government initiatives to fuel EVSE installation, and rising pollution levels. For example, China set up approximately 87,000 electric vehicle charging stations in May 2022 alone, driven by the need to clean up the air.

AC Chargers Are More Common Globally

The alternating current charger category is leading the industry. Such chargers are extensively accepted for day-to-day charging as they are less costly during installation, operation, and production.

Moreover, since they take 8–9 hours to fully charge an average EV battery, AC chargers are widely preferred by individuals for the overnight charging of their automobiles at their homes.

Number of Public Charging Stations To Grow at Higher Pace

On the basis of application, the public category is projected to grow with the higher CAGR, of approximately 12%, in the years to come. This can be ascribed to the strong commitments by governments, manufacturers, and automakers to enhance the EV charging infrastructure in numerous countries.

Currently, private chargers outnumber those accessible to the general public. This is because most EV owners prefer to have chargers, majorly the slow AC variants, at their homes, partially because the number of publicly accessible chargers is grossly low compared to the demand.

APAC Is Largest Revenue Generator

APAC is the biggest revenue contributor to the market, and it is projected to continue its dominance, with a worth of $4 billion by 2030. This is due to the increasing pace of technological enhancements and snowballing government and private expenditure for charging infrastructure betterment in the region.

Furthermore, the growing environmental concerns and declining TCO of EVs are propelling the demand for electric vehicle supply equipment in the region.

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Increasing Government Investment in Public Transportation to Boost the U.S. Bus Market

The U.S. bus market size stood at over $7,453 million in 2021. This will increase to about $11,238 million by 2030, propelling at a growth rate of about 5% in the years to come.

This can be credited to the quick urbanization and rising population, together with the cumulative government outlay on the upgradation of vehicles for public transport. Furthermore, the obtainability of local, state, and centralized funding and the large count of school buses help the market to grow.

The school buses had the largest share of revenue, approximately 55%, in the U.S. bus market in 2021, and will continue the same trend also in the near future. This is for the reason that these buses are the main form of mass transportation in the U.S. Nearly 480,000 school buses were on the roads in 2021 in the U.S., more than transit buses roughly 7 to 1. Additionally, the surging acceptance of e- buses for school helps the market growth in the U.S.

Public transportation can advance traffic safety, active transportation, air quality, and accessibility, along with personal health assistance. Public transportation makes use of less fuel and produces lower volatile organic compounds, carbon dioxide, and carbon monoxide per passenger mile as compared to private vehicles.

Accompanied by environmental assistance, it has considerably lesser crash rates and lesser severity of crashes than personal travel. Commuting by public transportation is a lot safer than commuting by personal vehicle. Furthermore, people can minimalize the chance of an accident by over 90% just by taking public transport compared to a car. These factors help in improving the growth of the U.S. bus market significantly.

Electric buses will grow at the highest rate of approximately 30%, in the years to come, regarding revenue. This is for the reason that the penetration of e- buses in the U.S. was about 2% of the total bus sales of the country in 2021, and the share of e- buses in public fleets is steadily increasing. Additionally, numerous public transport agencies have signed contracts with e- bus manufacturers for obtaining electric buses.

The California bus market has the largest share of approximately 12%, in 2021, in the country. This is because an enormous population demands effectual transport systems. Furthermore, California is a hub of new e- bus programs. The California Air Resources Board, a subsidiary of the California EPA, assistances the implementation of state-wide clean air standards by backing state-of-the-art emissions reduction projects, like CARBS’ Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project. This in turn gives a boost to the U.S. bus market.

Navigating Through Uncertainty: COVID-19 Impact Analysis on Logistics Industry

The impact of COVID-19on the logistics industry has been quite negative, as the growth of the industry has slowed down due to the nationwide lockdown in most of theaffected countries. Owing to the growth in e-commerce activities, increase in the disposable income of customers, and rapid urbanization in emerging economies,such asIndia and China, the logistics industry had been growing in recent years. Seeing the rising need for the transportation of goods, many new companies were entering the logistics space before the pandemic arrived.

In March 2020, nationwide lockdowns disrupted the supply chain across the world. Due to the rapid spread of coronavirus, countries have restricted the amount of water-, rail-, and air-borne cargo traveling to and fro. To contain the spread of coronavirus, only the carriage of essential items was allowed during the lockdown. The COVID-19 impact analysis on the logistics industryshowsthat the restricted movement of goods reduced the overall freight usage globally, primarily byaffectingthe trucking industry, due to permission barriers.

To revitalize the logistics industry during the pandemic,market players are making tactical changes and framing backup policies. These measures, according to the COVID-19 impact analysis on the logistics industry, will help service providers bounce back on the recovery road, by delivering the goods that are stuck in warehouses. Major logistics companies taking such measures include Supply Chain Solutions and Geodis, Deutsche Post DHL, The Maersk Group, Panalpina,Kuehne+ Nagel, DB Schenker Logistics, Dsv Global Transports and Logistics, and C.H. Robinson.

Get More details COVID-19 Impact Analysis on Logistics Industry Trends and Opportunities

This study covers

Major factors driving the market and their impact during the short, medium, and long terms
Market restraints and their impact during the short, medium, and long terms
Recent trends and evolving opportunities for the market participants
Historical and the present size of the market segments and understand their comparative future potential
Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
Major players operating in the market and their service offerings

Electric Avenue: Driving Sustainable Transit Solutions with Innovative Electric Bus Technology

The requirement for electric buses is increasing as a result of actions and measures being taken by governments across Europe to reduce pollution. According to WHO data, air pollution causes up to 100,000 fatalities annually in Europe, reducing life expectancy by an average of one year.

An electric bus now costs less overall than a comparable diesel model thanks to strong government assistance in the form of subsidies. Thus, the electric bus market sales volume is expected to reach 912,354 units by 2030, as per P&S Intelligence.

Additionally, it is anticipated that the upfront cost of such buses would fall due to the continuing decline in Li-ion battery prices, which will lower their overall cost. The lower total value of ownership is thus anticipated to draw in private transportation providers, leading to a quicker rate of market expansion in this sector.

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Moreover, governments and environmental organizations’ growing worries about the deterioration of air quality as a result of rising emissions from urban vehicles have prompted the creation of strict environmental regulations.

For instance, the FTA, a division of the DOT, published a notice in June 2021 offering $182 million in financing for low- and no-emissions buses. By the end of this decade, the government wants to reduce GHG emissions by 50%, and this initiative attempts to assist in that effort.

Furthermore, the global crude oil prices have increased as a result of the main oil-producing nations’ declining oil reserves. Since the majority of developing nations spend a lot of money importing crude oil, the rise in its price has forced governments to reduce their oil imports by switching to alternate fuels.

Browse Full Report Electric Bus Market Business Strategies, and Current Trends

This study covers

Major factors driving the market and their impact during the short, medium, and long terms
Market restraints and their impact during the short, medium, and long terms
Recent trends and evolving opportunities for the market participants
Historical and the present size of the market segments and understand their comparative future potential
Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
Major players operating in the market and their service offerings