09 October 2023
09 October 2023
Our weekly wrap of Analysis and News
Stakeholders include mineral extraction/processing and recycling companies plus government departments
Helped by aggressive promotional campaigns and new model launches
Pilot projects to take place in parts of North America
The parties have also entered into a lithium offtake agreement
Low floor design with 310kW e-motor and fuel cell system
Outgoing N-Box was Japan's best seller in 2022
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The global off-highway electric market is expected to grow at a CAGR of 17.4% by 2030, per GlobalData. Despite the strong growth, high upfront costs may pose a challenge. Due to the high capacity of these vehicles, they consume large amounts of power from a number of battery packs installed on the vehicle, whose high cost in turn adds to the cost of the vehicle, thereby increasing the initial cost. However, governments worldwide are offering subsidies and tax exemptions in order to help customers to counter the initial purchase cost.
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