WIRELESS ELECTRIC VEHICLE CHARGING MARKET ANALYSIS
The demand for electric vehicles is increasing in the countries such as India and China, owing to growing EV buying trend, favorable government regulation to reduce vehicle emission, and fast developing EV infrastructure, which is expected to increase demand for wireless electric vehicle charging over the forecast period. For instance, according to the Global EV Outlook, in 2018, China was the largest electric car market with 1.1 million units electric cars sold, which contributed around half of the global electric car fleet in 2018 with total number of 2.3 million electric cars.
