Spain electric car market is projected to grow at a CAGR of more than 21.0% during the forecast period, 2019-2025. The electric car market in Spain is comparatively small and is increasing exponentially for the last couple of years. A growth of around 48% was registered in the Spain electric car market in 2019 and reached to around 17,500 compared to 11,800 in 2018. The government of Spain is offering considerable subsidies to motivate the electric car market in the country. In February 2019, the government introduced the Spanish Alternative Mobility program as MOVES with a budget of $50 million and offers a subsidy of $6,000 on a purely electric vehicle when a fossil-based car of at least ten years old is neutralized. 

Visit for Global Electric Car Market Report at: https://www.omrglobal.com/industry-reports/electric-car-market 

Spain electric car market is segmented on the basis of vehicle type, propulsion technology, and battery type. Based on vehicle type, the market is further analyzed into hatchback, sedan, and SUV. Some of the most selling electric car models in 2019 include Tesla Model 3, Nissan LEAF, Mini Countryman PHEV, Mitsubishi Outlander PHEV, Renault Zoe, Hyundai Koan EV, Volkswagen e-Golf, BMW i3, and others. On the basis of propulsion technology, the market is bifurcated into battery-electric cars and plug-in hybrid electric cars. As per the European Automobile Manufacturers Association, more than 10,000 battery-electric cars (BEV) were sold in the country in 2019 at a growth of 68% YoY whereas around 7,500 plug-in hybrid cars were sold at a growth of 27.5% YoY. By battery type, the market is further segmented into NiMH, Li-Ion, and others. Li-ion battery-electric cars market is expected to cover a major share in the near future. 

Some of the major companies contributing to the market include AB Volvo, BMW AG, Hyundai Motor Co., Jaguar Land Rover Ltd., Kia Motors Corp., Mitsubishi Motors Corp., Nissan Motor Co., Renault Group, Tesla, Inc., Volkswagen AG and so on. The market players are considerably contributing to the market growth adopting various growth strategies including new product launch, merger and acquisition, collaborations with government, and technological advancements to stay competitive in the market. 

Research Methodology

The market study is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to brings authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.
• Government Websites

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Spain Electric Car Market Research and Analysis by Vehicle Type 
2. Spain Electric Car Market Research and Analysis by Propulsion Technology
3. Spain Electric Car Market Research and Analysis by Battery Type

The Report Covers

• Comprehensive research methodology of Spain Electric Car Market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting Spain Electric Car Market.
• Insights about market determinants that are stimulating Spain Electric Car Market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.