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Dublin, May 20, 2022 (GLOBE NEWSWIRE) — The “Global Electric 4 Wheel Drive Car Market, By Propulsion (BEV, HEV, PHEV), By Vehicle Type (Hatchback, Sedan, SUV), By Battery Capacity (Below 25 KWH, 25KWH-40KWH, Above 40KWH), By Region, Competition Forecast and Opportunities, 2017-2027” report has been added to ResearchAndMarkets.com’s offering.
The global electric 4 wheel drive car market is expected to grow at a significant rate during the forecast period with growth attributed to the increasing demands for luxury cars and the rising penetration of electric vehicles.
Besides, growing development in the 4 wheel drive car system and increasing investments by leading automotive OEMs are expected to boost the growth of the global electric 4 wheel drive car market.
Additionally, rising environmental concerns, advancements in charging technologies, and decreasing prices of batteries are further propelling the demand for the electric 4 wheel drive car market worldwide. Governments are increasingly investing in electric mobility to phase out fossil fuel-powered vehicles by providing subsidies and tax rebates to consumers, which is expected to fuel the growth of the global electric 4 wheel drive car market.
The increased consumer spending capacity of the population in emerging countries and growing environmental awareness are some of the driving factors for the growth of the global electric 4 wheel drive car market. Market players are launching many new models with excellent maneuverability and affordable price options, which is expected to propel the growth of the global electric 4 wheel drive car market.
Earlier, the electric drive car system used to be available only in luxury cars, but now many automotive companies are introducing hybrid electric vehicles and passenger cars, which is boosting their adoption. Enhanced versatility, performance, and better handling of the cars are expected to boost the sales of sports utility vehicles around the globe, which is anticipated…
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