Jordan Electric Vehicle Market (2019-2025) | Share, Analysis, Size, Growth, Revenue, Forecast, Trends, industry & Outlook

Market Forecast By Vehicle Types (Two Wheeler, Passenger Vehicle, and Bus), By Regions (Central, Eastern, and Southern), and Competitive Landscape

Product Code: ETC000611 Publication Date: Sep 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 73 No. of Figures: 27

Latest Development (2022) in Jordan Electric Vehicle Market

Jordan Electric Vehicle Market has seen the latest developments that include the establishment of public charging networks and faster-charging rates at many facilities. The prices of EVs have also reduced significantly due to increased subsidies by the government. Many manufacturers have now come up with more efficient batteries, electric powertrains, and faster-charging systems for their vehicles that ensure longer charging cycles and range for EVs. The implementation of the Jordan National Vision 2025 initiative by the government to support green and clean energy projects such as the installation of 3,000 charging stations in several parts of the country and lower taxes as compared to conventional and hybrid vehicles has also promoted the EV market. Jordan’s Nationally Determined Contributions (NDCs) Action Plan commits to achieving a 14% reduction in greenhouse gas emissions by 2030 and e-mobility can play a major role in helping Jordan achieve this.

Mergers and Acquisitions:

  • In December 2020, Hyundai Motor Group acquired the controlling interest in Boston Dynamics
  • On June 17, 2021, Ford announced that it is acquiring Electriphi, a California-based provider of charging management and fleet monitoring software for electric vehicles.

Increasing the introduction of a law that includes tax credit on the purchase of an electric vehicle is boosting the growth of the industry. However, various restrictions are being imposed to avail the credit such as the buyer income caps.

Jordan Electric Vehicle Market Synopsis

Jordan Electric Vehicle Market is expected to gain momentum owing to the increasing carbon emission. Rising penetration towards the adoption of renewable sources owing to the rising levels of air pollution is adding to the development of the market. Growing initiatives taken by the government in order to propel the sale of electric vehicle is contributing to the Jordan Electric Vehicle Market Share. Moreover, low initial cost and increasing innovation of products by the manufacturer are providing lucrative growth opportunities to Jordan Electric Vehicle Market. Ease of mobility and charging at home is also proliferating the development of the industry.

The Jordan electric vehicle market report is a part of the Middle East Electric Vehicle Market report comprehensively covers the market by vehicle types and regions. The Jordan electric vehicle market outlook report provides an unbiased and detailed analysis of the Jordan electric vehicle market trends, opportunities, high growth areas, and market drivers which would help the stakeholders device and align their market strategies according to the current and future market dynamics.

Jordan is adopting renewable energy due to the scarcity of fossil fuels to reduce government spending on energy imports. Under the Nation Green Growth Plan (NGGP), the government is aiming to make consumers aware and provide them incentives for the usage of electric vehicles. Moreover, the increasing number of charging stations to help the end-users to recharge their vehicles' batteries easily would act as a key driver for the growth of the electric vehicle market in the country.

According to 6Wresearch, the Jordan Electric Vehicle Market size is projected to grow at a CAGR of 34.0% during 2019-2025. A significant investment being made for the implementation of the Jordan National Vision 2025 initiative by the government to support green and clean energy projects such as the installation of 3,000 charging stations in several parts of the country and lower taxes as compared to conventional and hybrid vehicles. This would further fuel the demand for electric vehicles in Jordan in the future.

Jordan Electric Vehicle Market (2019-2025) Overview

Market Analysis by Region

In Jordan, the Central Region is expected to dominate the overall Jordan Electric Vehicle market share during the forecast period owing to availability of charging stations and maintenance centers. In addition to this, many electric vehicles supporting infrastructural projects by the Jordan government in co-operation with private companies in the country's capital- Amman are creating new opportunities for the electric vehicle segment in the Central region of Jordan. 

Key Players in the Market

Some of the key players in the Jordan electric vehicle market include – 

  • Nissan Motor Co., Ltd.
  • Tesla, Inc.
  • Fiat Automobiles S.P.A.
  • Volkswagen Motor Company LTM
  • Bayerische Motoren Werke AG
  • General Motors Company

Key Attractiveness of the Report

  • 10 Years Market Numbers.
  • Historical Data Starting from 2015 to 2018.
  • Base Year: 2018.
  • Forecast Data until 2025.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Jordan Electric Vehicle Market Overview
  • Jordan Electric Vehicle Market Outlook
  • Jordan Electric Vehicle Market Forecast
  • Jordan Electric Vehicle Market Size and Jordan Electric Vehicle Market Forecast, Until 2025.
  • Historical Data of Jordan Electric Vehicle Market Revenues for the Period 2015-2018
  • Market Size & Forecast of Jordan Electric Vehicle Market Revenues until 2025
  • Historical Data of Jordan Electric Vehicle Market Revenues, By Types, for the Period 2015-2018
  • Market Size & Forecast of Jordan Electric Vehicle Market Revenues, By Types, until 2025
  • Historical Data of Jordan Electric Vehicle Market Revenues, By Regions, for the Period 2015-2018
  • Market Size & Forecast of Jordan Electric Vehicle Market Revenues, By Regions, until 2025
  • Jordan Electric Vehicle Market Drivers and Restraints
  • Jordan Electric Vehicle Market Trends and Industry Life Cycle
  • Jordan Electric Vehicle Market Porter’s Five Force Analysis 
  • Jordan Electric Vehicle Market Opportunity Assessment
  • Jordan Electric Vehicle Market Share, By Players
  • Jordan Electric Vehicle Market Overview on Competitive Benchmarking
  • Company Profiles 
  • Key Strategic Recommendations

Markets Covered

The Jordan electric vehicle market report provides a detailed analysis of the following market segments:

By Vehicle Types

  • Two Wheeler
  • Passenger Vehicle
  • Bus

By Regions

  • Central 
  • Eastern 
  • Southern
Frequently Asked Questions About the Market Study: FAQs

1). Which region is expected to dominate the overall Jordan Electric Vehicle Market?

In Jordan, the Central Region is expected to dominate the overall Jordan Electric Vehicle market.

2). Who are the key players in Jordan Electric Vehicle Market?

Some of the key players in the Jordan electric vehicle market include Nissan Motor Co., Ltd., Tesla, Inc., Fiat Automobiles S.P.A., Volkswagen Motor Company LTM, Bayerisch, Motoren Werke AG, General Motors Company

3). How are government initiatives affecting the growth of the market?

 Under the Nation Green Growth Plan (NGGP), the government is aiming to make consumers aware and provide them incentives for the usage of electric vehicles. Moreover, increasing the number of charging stations to help the end-users to recharge their vehicles' batteries easily would act as a key driver for the growth of the electric vehicle market in the country.

4). What is the study period of the report?

The study period of the report is 2019-2025.

5). How much growth is expected in Jordan Electric Vehicle Market?

Jordan Electric Vehicle Market size is projected to grow at a CAGR of 34.0% during 2019-25.

1. Executive Summary
2. Introduction
2.1. Report Description
2.2. Key Highlights of The Report
2.3. Market Scope & Segmentation
2.4. Research Methodology
2.5. Assumptions
3. Jordan Electric Vehicle Market Overview
3.1. Jordan Country Indicators
3.2. Jordan Electric Vehicle Market Revenues & Volumes (2015-2025F)
3.3. Jordan Electric Vehicle Market Revenue & Volume Share, By Vehicle Type (2018 & 2025F)
3.4. Jordan Electric Vehicle Market Revenue Share, By Regions (2018 & 2025F)
3.5. Jordan Electric Vehicle PESTLE Analysis
3.6. Jordan Electric Vehicle Industry Life Cycle
3.7. Jordan Electric Vehicle Market - Porter’s Five Forces Model
3.8 Jordan Electric Vehicle Market - SWOT Analysis
3.9. Jordan Electric Vehicle Market - Ecosystem and Value Chain Analysis
4. Jordan Electric Vehicle Market Dynamics
4.1. Impact Analysis
4.2. Market Drivers
4.3. Market Restraints
5. Jordan Electric Vehicle Market Trends & Evolution
6. Jordan Electric Vehicle Market Overview, By Vehicle Type
6.1 Jordan Electric Passenger Vehicle Market Revenues & Volume (2015-2025F)
6.2 Jordan Electric Two-Wheeler Market Revenues & Volume (2015-2025F)
6.3 Jordan Electric Bus Market Volume (2015-2025F)
7. Jordan Electric Vehicle Market Overview, By Regions
7.1 Jordan Central Region Electric Vehicle Market Revenues (2015-2025F)
7.2 Jordan Eastern Region Electric Vehicle Market Revenues (2015-2025F)
7.3 Jordan Southern Region Electric Vehicle Market Revenues (2015-2025F)
8. Jordan Electric Vehicle Market - Government Guidelines & Tax Structure
9. Jordan Electric Vehicle Market - Key Performance Indicators
9.1 Jordan Government Spending Outlook
9.2 Jordan Automobile Sector Outlook
9.3 Jordan Electric Vehicle Charging Station Market Outlook
10. Jordan Electric Vehicle Market - Opportunity Assessment
10.1 Jordan Electric Vehicle Market Opportunity Assessment, By Regions, 2025F
11. Jordan Electric Vehicle Market - Competitive Landscape
11.1 Jordan Electric Vehicle Market Revenue Share, By Company, 2018
12. Company Profiles
12.1. Tesla, Inc.
12.2. Nissan Motor Co., Ltd.
12.3. Hyundai Motor Company
12.4. Ford Motor Company
12.5. Volkswagen Motor Company LTM
12.6. BYD Auto Co., Ltd.
12.7. Fiat Automobiles S.P.A
12.8. Bayerische Motoren Werke AG
12.9. General Motors Company
13. Key Strategic Recommendations
14. Disclaimer
List of Figures
Figure1. Jordan Electric Vehicle Market Revenues & Volume, 2015-2025F ($ Million, Thousand Units)
Figure2. Jordan Electric Vehicle Market Revenue Share, By Vehicle Type, 2018 & 2025F
Figure3. Jordan Electric Vehicle Market Volume Share, By Vehicle Type, 2018 & 2025F
Figure4. Jordan Electric Vehicle Market Revenue Share, By Regions, 2018 & 2025F
Figure5. Jordan Investments in Energy Sector under Energy Master Plan, 2007 - 2020 ($ Billion)
Figure6. Jordan Volume of Imports and Exports, 2016 - 2023F (% Change)
Figure7. Jordan GDP, 2016 - 2023F (In Jordanian Dinar Billion)
Figure8. Jordan Government Revenues vs Government Expenditure, 2016 - 2023F (% of GDP)
Figure9. Jordan Total Investment As Percent of GDP, 2016-2023F
Figure10. Jordan Population, 2016 - 2024F (In Million)
Figure11. Inflation, average consumer prices in Jordan, 2016 - 2024F (% Change)
Figure12. Jordan Gross Domestic Product Based on Purchasing-Power-Parity (PPP) as Share of World Total, 2016-2024F (In %)
Figure13. Jordan Electric Vehicle Market - Industry Life Cycle, 2018
Figure14. Initiatives by Government to Promote Clean Energy
Figure15. Cost of Battery, 2010-2016 ($ Cost/Kilowatt-Hour)
Figure16. Jordan Electric Passenger Vehicle Market Revenues & Volume, 2015-2025F ($ Million, Thousand Units)
Figure17. Jordan Electric Two Wheeler Vehicle Market Revenues & Volume, 2015-2025F ($ Million, Units)
Figure18. Jordan Electric Bus Market Volume, 2015-2025F (Units)
Figure19. Jordan Electric Vehicle Market Revenues, By Central Region, 2015-2025F ($ Million)
Figure20. Jordan Electric Vehicle Market Revenue Share, By Central Region (2018 & 2025F)
Figure21. Jordan Electric Vehicle Market Revenues, By Southern Region, 2015-2025F ($ Million)
Figure22. Jordan Electric Vehicle Market Revenue Share, By Southern Region (2018 & 2025F)
Figure23. Jordan Electric Vehicle Market Revenues, By Eastern Region, 2015-2025F ($ Million)
Figure24. Jordan Electric Vehicle Market Revenue Share, By Eastern Region (2018 & 2025F)
Figure25. Jordan Actual Government Spending Vs Actual Government Revenues, 2015-2024F (JOD Billion)
Figure26. Jordan Electric Vehicle Market Opportunity Assessment, By Regions, 2025F
Figure27. Jordan Electric Vehicle Market Revenue Share, By Company, 2018
List of Tables
Table1. Jordan Annual Budget Requirement, by Sector, 2018 - 2020 ($ Million)
 
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