Market Snapshot:
Automotive Pay As You Go (PAYG) Road Charging is a type of tax levied on vehicle owners for the sole purpose of maintaining infrastructure. It also depends on the fuel type of the vehicle, as there is a growing preference for hybrid and electric vehicles, which has resulted in the construction of charging stations for the vehicles. It is a network of vehicle charging stations located throughout a state, country, or region. Vehicle owners are subject to a tax known as Automotive Pay As You Go (PAYG) Road Charging, which is collected solely for infrastructure upkeep. It also relies on the fuel type of the car because there has been an increase in interest in hybrid and electric vehicles, which has furthered the development of charging stations for the vehicles. It is a system of car charging stations spread out over the state, the nation, or the area.
Highlights from Automotive Pay As You Go Road Charging Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The key Vendors profiled in the report are Kapsch (Austria), Far Eastern Electronic Toll Collection Co (Spain), Toll Collect GmbH (Germany), Schneider Electric (France), Siemens AG (Germany), International Road Dynamics (United States), G.E.A (Germany), Q Free ASA (Norway), Thales Group (France) and Transcore Holding Inc (United States).
Geographic Breakdown and Segment Analysis
The Global Automotive Pay As You Go Road Charging market presents a comprehensive analysis of the Automotive Pay As You Go Road Charging market by product type (Electronic Toll Collection and All Electronic Toll), by end-user/application (City, Highway and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Automotive Pay As You Go Road Charging industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Automotive Pay As You Go Road Charging market
Analyst at AMA have segmented the market study of Global Automotive Pay As You Go Road Charging market by Type, Application and Region.
Automotive Pay As You Go Road Charging Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increase in Demand of Electrical Vehicle
- Fluctuation Price of Fuel
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Influencing Trends | - Advance Technology Implementation on Automotive Industry
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Restraints | - High Maintains Cost of Automotive Pay As You Go (PAYG) Road Charging
- Skilled and Knowledge Person Required For Operating
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Gaps & Opportunities | - Growing Income of the Consumer
- People Aware About the Benefit of Electric Vehicle
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In 2021 Hyundai launches ‘Charge my Hyundai an integrated public electric vehicle charging service. Through a single platform, customers will be able to utilise charge points from the majority of the major carriers, and a flexible pay-as-you-go price will make using public charging more straightforward and practical. Charge my Hyundai offers intelligent route planning to make it simple for customers to locate charging stations at their destination or along a journey. The software provides users with complete price transparency and real-time pricing information for the charging stations. Customers can charge whenever and wherever they need to using the straightforward pay-as-you-go (PAYG) pricing without having to pay a monthly subscription cost (certain network providers may
Regulatory Insights:
The Automated and Electric Vehicles Act of 2018 (AEVA) gives the government the power to enact rules that will enhance consumer charging convenience and expand the number of public charge points. It entails having the ability to want a uniform payment procedure at all public charging stations. Declare that CPOs must make static and dynamic information on public charge points available, and specify when, how, to whom, and in what format the information is made available. Declare that public charge points must meet availability and performance standards. Establish connector standards to guarantee the physical compatibility of EVs with public charging stations The Pricing Act of 1974 gives the government the authority to establish a standard pricing metric for the provision and sale of energy to consumers. Timelines and execution
The market for Automotive Pay As You Go (PAYG) Road Charging is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share.
Key Target Audience
Automotive Pay As You Go (PAYG) Road Charging manufacturer, Automotive Pay As You Go (PAYG) Road Charging Provider, Government, Corporate and Others