ITALY ELECTRIC COMMERCIAL VEHICLE MARKET

 

INTRODUCTION

 

Electric vehicles, commonly known as EVs, are gaining popularity in Italy. Assuming manufacturers reach their stated goals, BEVs will account for around half of all new cars sold in 2030. This is already significantly higher than the European Commission’s 2030 aim of 35 percent zero- and low-emission vehicles (ZLEV).

 

According to manufacturer declarations, BEVs will account for roughly 63 percent of new car sales in 2035, which is a significant number given that the European Commission’s proposal for a 100 percent BEV fleet is not implemented. 

 

ITALY ELECTRIC COMMERICAL VEHICLE MARKET DEVELOPMENTS AND INNOVATIONS

 

S No	Overview of Development	Development Detailing	Region of Development	Possible Future Outcomes
1	Italy approves new car incentives of 650 mln euros per year	Mario Draghi, Italy’s prime minister, has signed a decree allocating 650 million euros ($709 million) per year for incentives to buy electric or low-polluting cars from 2022 to 2024.	Italy	This would enhance better Technological Controls
2	Stellantis rumoured to build 4 new EV models in Italy	The Stellantis facility is rumoured to be producing four new electric models based on the STLA Medium platform.	Italy	This would enhance better Technological Controls
3	Ferrari Plots Italian Plant Expansion for Electric Vehicles	In Maranello, the carmaker is rumoured to be planning a third production line.	Italy	This would enhance better Technological Controls
4	Okinawa forms JV with Italian EV maker Tacita for high-end scooters and bikes	The Italian electric motorcycle company has established a joint venture in India that will begin production in 2023.	Italy	This would enhance better Technological Controls

 

COMPETITIVE LANDSCAPE

 

Electric mobility reaffirmed a momentum that has been gaining strength across Europe and the world, despite the conclusion of the coronavirus pandemic, uncertain financial incentives, and the current worldwide chip scarcity.

 

Some of the primary factors driving the growth of the electric vehicle industry in the future are supportive government initiatives, the existence of large market participants, and considerable increase in the electric car charging infrastructure. 

 

Alke Inc. is a leading mobiliser of the various explorer oriented electric vehicle manufacturer requirements in the market. Electric utility vehicles come in a variety of shapes and sizes. ATX is distinguished by technical solutions that are the result of years of field expertise and testing, as well as the type-approval for European road circulation.

 

The Loading capacity (chassis) of electric utility vehicles for intense use in industrial and civil areas: With an incorporated towing capability of 4.500 kg, the maximum towing capacity is 1.630 kg. 2G/2D, 3G/3D, M2 are the classifications of explosion-proof vehicles for potentially explosive locations.

 

Kempower has been one of the most advanced solution provider in the used car requirements.

 

The Kempower S-Series required to charge observatories facilitate simultaneous and frequent quick charging for multiple EVs, the Kempower C-Series required to charge electricity unit, which is a modular and customizable power unit with fast-charging capacity, the Kempower T-Series adjustable DC chargers, which are weatherproof and appropriate for both indoors and out use, and the Kempower C-Station, which is a consolidated charging power unit and charging geostationary post in one unit.

 

COMPANIES PROFILED

 

• Hyundai Inc.
• BYD Auto Co., Ltd
• Proterra, Inc.
• AB Volvo
• Olectra Greentech Limited
• Tesla
• Nissan
• Daimler
• Toshiba
• Mitsubishi
• Continental
• Kia Motors
• Chevrolet
• Renault
• Renault Samsung JV
• General Motors Co
• Hyundai Kia Group JV
• Zentropy
• EmVcon
• CT&T United
• Ioniq Inc.
• Jinwoo SMC