Transportation Electrification Market Overview, Development by Companies and Comparative Analysis By 2018 - 2026
Transportation electrification is process of incorporating the electric energy to power different modes of transportation. It comprise of adoption of electric vehicles, electrified ships and boats, electric airplanes, and electrified railway transportation. Electrification is marginally adopted by the transportation industry, in order to reduce the burden over fossil and non-conventional fuels. Increase in pollution is primarily driving the global transportation electrification market . Increase in global pollution level have raised the concern of governing bodies, peoples, and auto manufacturers for transportation electrification, which produces a significantly lower amount of pollution. Accords and agreements are being signed at international level in order to reduce the emission level from the transportation field. In April 2016, 195 nations signed a global agreement at Paris, known as Paris Climate accord, is aimed at keeping the global temperature rise well below 2 deg...