Product Code: ETC4578319 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The vehicle electrification market in Romania is gaining momentum with the growing adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs) driven by environmental concerns, government incentives, and advancements in battery technology. The market encompasses electric powertrains, charging infrastructure, and related components and services. Government policies promoting EV adoption, investments in charging infrastructure, and technological innovations in battery efficiency are key factors propelling market growth. Automotive manufacturers and technology providers are increasingly investing in vehicle electrification solutions to meet sustainability goals and consumer demand for eco-friendly transportation options.
The vehicle electrification market in Romania is driven by the increasing focus on reducing greenhouse gas emissions and the growing demand for electric vehicles (EVs). The demand for vehicle electrification is supported by government incentives, regulatory mandates, and advancements in battery and charging technologies. Additionally, the rising consumer awareness of the environmental and economic benefits of EVs contributes to market growth.
The Romania vehicle electrification market faces challenges such as charging infrastructure development, battery technology advancements, and consumer adoption of electric vehicles (EVs). Innovations in EV battery range, fast-charging networks, and sustainable mobility solutions are essential for accelerating electric vehicle adoption, reducing carbon emissions, and supporting Romanias transition towards a greener transportation ecosystem.
Energy policy objectives and environmental sustainability goals influence the vehicle electrification market in Romania. The government promotes electric vehicle (EV) adoption, charging infrastructure development, and renewable energy integration to reduce carbon emissions and fossil fuel dependency in the transportation sector. Policies include incentives for EV purchase, tax exemptions, and subsidies for charging infrastructure installation to accelerate the transition to cleaner transportation technologies. These initiatives aim to enhance air quality, support green economy initiatives, and strengthen Romania energy security through sustainable mobility solutions.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Romania Vehicle Electrification Market Overview |
3.1 Romania Country Macro Economic Indicators |
3.2 Romania Vehicle Electrification Market Revenues & Volume, 2021 & 2031F |
3.3 Romania Vehicle Electrification Market - Industry Life Cycle |
3.4 Romania Vehicle Electrification Market - Porter's Five Forces |
3.5 Romania Vehicle Electrification Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Romania Vehicle Electrification Market Revenues & Volume Share, By Degree of Hybridization, 2021 & 2031F |
4 Romania Vehicle Electrification Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Romania Vehicle Electrification Market Trends |
6 Romania Vehicle Electrification Market, By Types |
6.1 Romania Vehicle Electrification Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Romania Vehicle Electrification Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Romania Vehicle Electrification Market Revenues & Volume, By Start/Stop System, 2021-2031F |
6.1.4 Romania Vehicle Electrification Market Revenues & Volume, By Electric Power Steering (EPS), 2021-2031F |
6.1.5 Romania Vehicle Electrification Market Revenues & Volume, By Electric Air-Conditioner Compressor, 2021-2031F |
6.1.6 Romania Vehicle Electrification Market Revenues & Volume, By Electric Vacuum Pump, 2021-2031F |
6.1.7 Romania Vehicle Electrification Market Revenues & Volume, By Electric Oil Pump, 2021-2031F |
6.1.8 Romania Vehicle Electrification Market Revenues & Volume, By Electric Water Pump, 2021-2031F |
6.1.9 Romania Vehicle Electrification Market Revenues & Volume, By Integrated Starter Generator (ISG), 2021-2031F |
6.1.10 Romania Vehicle Electrification Market Revenues & Volume, By Integrated Starter Generator (ISG), 2021-2031F |
6.2 Romania Vehicle Electrification Market, By Degree of Hybridization |
6.2.1 Overview and Analysis |
6.2.2 Romania Vehicle Electrification Market Revenues & Volume, By Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle, 2021-2031F |
6.2.3 Romania Vehicle Electrification Market Revenues & Volume, By Hybrid Electric Vehicle (HEV), 2021-2031F |
6.2.4 Romania Vehicle Electrification Market Revenues & Volume, By Plug-In Hybrid Electric Vehicle (PHEV), 2021-2031F |
6.2.5 Romania Vehicle Electrification Market Revenues & Volume, By Battery Electric Vehicle (BEV), 2021-2031F |
6.2.6 Romania Vehicle Electrification Market Revenues & Volume, By 48 V, 2021-2031F |
7 Romania Vehicle Electrification Market Import-Export Trade Statistics |
7.1 Romania Vehicle Electrification Market Export to Major Countries |
7.2 Romania Vehicle Electrification Market Imports from Major Countries |
8 Romania Vehicle Electrification Market Key Performance Indicators |
9 Romania Vehicle Electrification Market - Opportunity Assessment |
9.1 Romania Vehicle Electrification Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Romania Vehicle Electrification Market Opportunity Assessment, By Degree of Hybridization, 2021 & 2031F |
10 Romania Vehicle Electrification Market - Competitive Landscape |
10.1 Romania Vehicle Electrification Market Revenue Share, By Companies, 2024 |
10.2 Romania Vehicle Electrification Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |