In 2022, Automobile Emissions Laws Will Drive The Worldwide Market For Electric Construction Equipment.
Over the projected period, the market for electric off-highway equipment is expected to expand from USD $9.2 billion in 2022 to USD $24.8 billion in 2027, representing a CAGR of 22.0%. For the purpose of reducing greenhouse gas emissions from vehicles, every major nation has implemented some kind of programme or law.
The Stage V standard has a particulate matter (PM) limit 97% lower than the Stage I standard and a hydrocarbon (HC) + nitrogen oxides (NOx) limit 94% lower than the Stage I standard.
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01-2026
