The implementation of strict government regulations regarding vehicular emissions is one of the biggest factors responsible for the mushrooming sales of electric cars across the world. In the recent years, there has been a considerable increase in greenhouse gas (GHG) emissions. This has made the governments of several countries, especially those in Europe, focus heavily on reducing the emission of these gases. As a result, various environmental targets have been set by many governments during the last few years.

The increasing number of trade routes in several countries and between various countries is pushing up the demand for reefer containers. A single trade route contains multiple long-distance arteries, that may further be connected to various smaller networks of non-commercial and commercial transportation routes. The rapid rise in the maritime trade volumes across the globe is boosting the demand for reefer containers. Additionally, the adoption of real-time tracking technology in logistics solutions is fueling the requirement for these containers.

The society has been witnessing several changes since the past few years, one of which is the consistent rise in the number of working women across the globe. Women in both developed and developing countries are increasingly focusing towards being independent, which is why the percentage of women in workforce has risen substantially at the present time. As per the World Bank, the number of working women during 1990–2013 rose by over 4% in 60 countries.

For any company to be successful, merely having a state-of-the-art production line and effective marketing and sales strategies is not enough; the logistics system has to be efficient too. Logistics is one of the most important parts of the supply chain, because it is what actually enables raw material, individual components, and finished products to reach their destination on time. With the competition increasing rapidly across all industries, companies are innovating their strategies to cut costs and drive revenue.

The highly expensive recycling process of lithium-ion batteries is a major factor fueling the demand for second-life automotive lithium-ion batteries. Lithium-ion batteries have only 2–7% of lithium and obtaining the metal via recycling is usually five times costlier than obtaining it naturally. Cobalt is the only material which is worth recycling. However, the battery technology developing organizations are increasingly producing batteries that eliminate or reduce the usage of this material by substituting it with a cheaper substance.

As per the estimates of P&S Intelligence, a market research company based in India, the German automotive telematics market value would grow from $1,408.2 million in 2019 to $7,748.0 million by 2030. Additionally, the market is expected to register a CAGR of 16.5% from 2020 to 2030.

The society has been witnessing several changes since the past few years, one of which is the consistent rise in the number of working women across the globe. Women in both developed and developing countries are increasingly focusing towards being independent, which is why the percentage of women in workforce has risen substantially at the present time. As per the World Bank, the number of working women during 1990–2013 rose by over 4% in 60 countries.

The concerns regarding greenhouse gas (GHG) emissions have been surging across the globe. GHGs, such as methane, carbon dioxide, fluorinated gases, and nitrous oxide, trap heat in the atmosphere. Therefore, the growing emissions of these gases have been resulting in global warming, thus, further leading to the deteriorating condition of the Earth. The burning of fossil fuels for generating energy for different purposes is the primary culprit behind the emission of GHGs into the atmosphere. Because of this, government in different regions across the globe, including Europe, has been trying to come up with solutions which can aid in dealing with this problem.

The increasing replacement sales of buses in China is resulting in the rising demand for electric buses. About one-third of the few million buses/coaches in China, accumulated over the last decade, are more than five years old. These conventional buses are predicted to be replaced by new electric buses in the coming years. In addition to this, the government of the country is increasingly focusing on increasing the number of electric buses in the transportation system. The penetration of electric buses is expected to be faster than that of other electric vehicles, such as cars, as persuading hundreds of bus operators to choose for the new technology is easier than convincing millions of car buyers to do the same.

In the U.S., the transportation industry is responsible for around 14% of the total greenhouse gas (GHG) emissions, as per an article published by the Environmental Protection Agency (EPA) in 2019, which also said that the country was the second-largest GHG emitter in the world, after China. Thus, the focus on reducing the emissions and, ultimately, the rate of air quality degradation, is high here. This is why governments at the federal, state, and county levels are providing heavy funding to procure electric vehicles (EVs), majorly for the public transport system.