The report of Russia Electric Car Market by Technology (BEV, PHEV, HEV), Product (Hatchback, Sedan, SUV, Others), Battery (LFP, Li-NMC, Others), Battery Capacity (>201 Ah, <201 Ah ) , and End-User (Shared mobility providers, Government organizations, Personal users, Others) is expected to reach US$ XX Bn by 2027, at a CAGR of XX % during a forecast period.
The Russian industry of electric cars is progressively developing, thanks to the ever-rising demand for electric cars among the homegrown population & the current government efforts to popularize their use in the state. In the year 2018, Russian Minister of Energy Alexander Novak declared the development of electric cars as one of the most pressing matters for the country in the field of the local automotive industry for the next several years. According to Novak, the share of EVs in the total structure of car fleet in Russia should reach 8 to 10 percent up to 200,000, by 2025.
Russian Government Strategy
The Russian government plan includes several actions to inspire the growth of electric transport in Russia & to create suitable conditions for its popularization among the locals. As part of these strategies, the government plans to assign funding for the conduction of R&D activities in the field of electric cars & develop refueling infrastructure, providing benefits to electric car owners, opening production unit within the Russian territory, framing new legislative laws for better regulation of electric cars, etc. The Russian government as per the plans has even decided to provide electric car owners the permission to move on bus lanes, free parking, and zeroing the utilization rate for 5 to 7 years. The government believes that electric cars can attract domestic buyers owing to the ever-increasing fuel value in the country.
Key players operating in the Russia Electric Car Market, BMW, Daimler, General Motors, Nissan, Ford, Renault, Rimac, Tesla Motors, Kia, Mitsubishi, Peugeot, Volkswagen
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about Russia Electric Car Market. The report encompasses the market by different segments, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in Russia Electric Car Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Russia Electric Car Market positioning of competitors.
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