Promotion of Clean Energy by the Government Along with Growing Electric Vehicle Charging Station Infrastructure in the Country Would Boost the Growth of Jordon Electric Vehicle Market

Promotion of Clean Energy by the Government Along with Growing Electric Vehicle Charging Station Infrastructure in the Country Would Boost the Growth of Jordon Electric Vehicle Market - 6Wresearch

Posted On: 2019-07-04

The Jordan's government in co-operation with the private companies is working to strengthen the electric vehicle charging infrastructure which would significantly push the demand for electric vehicles in the country. Additionally, high prices of gasoline in the country is contributing to the gradual shift of consumers towards electric vehicles.

According to 6Wresearch, Jordan Electric Vehicle Market revenues are projected to grow at a CAGR of 34.0% during 2019-25. Initiatives taken by the Jordanian government such as the National Green Growth plan and Jordan vision 2025 would encourage the consumers to opt for cleaner energy vehicles. Moreover, lower prices of electric vehicles by means of tax exemption would further fuel the demand for such vehicles during the forecast period.

According to Ravi Bhandari, Manager, Research and Consulting, 6Wresearch, "Passenger vehicles acquired the maximum revenue share in the overall Jordan electric vehicle market whereas the electric two-wheeler segment has a nominal share in the overall electric vehicle market of Jordan. However, rising awareness among the consumers and lower switching cost would propel the demand for electric two-wheeler segment over the coming years."

"Further, currently, the electric buses are not present in the market. However, to cut down the fuel cost, government is planning to add electric buses in the public transportation fleet of Jordan which is expected to enter the market by 2022, "Ravi further added.

According to Prateek Gupta, Research Associate, Research and Consulting, 6Wresearch, "The central region of Jordan has higher adoption of electric vehicles owing to the better availability of charging infrastructure and maintenance centers due to the presence of Amman, the capital of Jordan."

Some of the prominent companies in Jordan electric vehicle market are Nissan Motor Co., Ltd., Tesla, Inc., Fiat Automobiles S.P.A., Volkswagen Motor Company LTM, Bayerische Motoren Werke AG, General Motors Company and Ford Motor Company.

"Jordan Electric Vehicle Market (2019-2025)" report provides an in-depth analysis with 27 figures, covered in more than 73 pages. The report estimates and forecast the overall Jordan electric vehicle market by vehicle types and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.