ARMENIA ELECTRIC VEHICLE MARKET

INTRODUCTION

 Plugging an electric vehicle into a charging station allows it to draw power from the grid. They power an electric motor, which rotates the wheels, by storing the electricity in rechargeable batteries.

Electric automobiles feel lighter to drive because they accelerate more quickly than cars with conventional fuel engines. An electric motor replaces the internal combustion engine in all-electric vehicles, often known as battery electric vehicles (BEVs).

 With average vehicle years, Armenia has one of the oldest inventories of passenger automobiles in the area.

Recent actions taken by the government to encourage the purchase of newer, more environmentally friendly automobiles have also begun to enhance the regulatory environment for electric vehicles (EVs).

ARMENIA ELECTRIC VEHICLE MARKET SIZE AND FORECAST

The Armenia electric vehicle market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.

RECENT PARTNERSHIPS

In order to build Rivian Waypoint EV charging stations at Tennessee State Parks, the Tennessee Department of Environment and Conservation (TDEC) announced a partnership with the electric vehicle (EV) carmaker in Armenia  and automotive technology company Rivian.

Depending on the availability of electricity and planned future park upgrades, the objective is to have charging stations available at all 56 state parks across the entire system.

Tennessee is dedicated to the future of the automobile sector and is at the forefront of innovation and infrastructural development.

"This partnership will strengthen our already exceptional state parks and promote jobs in Tennessee.The Level 2 chargers, which are compatible with all current EV models, will be designed and installed by Rivian.

The open-network chargers have a maximum power output of 11.5 kilowatts, allowing EV drivers to recharge their batteries while going on a day trip or camping overnight.

The Rivian app will make it simple for drivers to keep track of their vehicle's charging session while EV charging at Tennessee State Parks is initially free. The system's overall utilization to recoup electricity costs may be a determining factor in any prospective future fees to drivers.

Rivian will oversee the design and installation of the charger and will also supply any necessary utility upgrades without charging the state or the taxpayers. For a period of ten years, Rivian will also pay for all network access charges, equipment servicing, and maintenance.

COMPANY PROFILE

• Mitsubishi
•  Nissan
•  Renault
• ByD
• Chery
• Chevrolet
•  Dulevo

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perArmenia electric vehicle marketright now and how will it change in the next 5-6 years?
2. Average cost to set up an electricvehicle marketin Armenia ?
3. How manyArmenia electric vehicle marketsare manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of aArmenia electric vehicle marketand key vendor selection criteria
6. Where is theArmenia electric vehicle market manufactured? What is the average margin per equipment?
7. Market share ofArmenia electric vehicle marketmanufacturers and their upcoming products
8. The most important plannedArmenia electric vehicle marketin next 2 years
9. Details on network of majorArmenia electric vehicle marketand pricing plans
10. Cost advantage for OEMs who manufactureArmenia electric vehicle marketin-house
11. 5 key predictions for next 5 years inArmenia electric vehicle market
12. Average B-2-BArmenia electric vehicle marketprice in all segments
13. Latest trends inArmenia electric vehicle market, by every market segment
14. The market size (both volume and value) ofArmenia electric vehicle marketin 2022-2030 and every year in between?
15. Global production breakup ofArmenia electric vehicle market, by suppliers and their OEM relationship