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Global Electric Car Conversion Kit Market By Vehicle Class (Mid-priced, Luxury)By Application (Passenger Cars, Commercial Vehicles ) Growth, Future Prospects & Competitive Analysis, 2016 – 2030

Summary
Table Of Content

Key Highlights of the Report

How are the major segments performing in the Electric Car Conversion Kit market?

In 2022, the Mid-priced segment accounted for the largest market share due to their greater customer demand and affordability.
In 2022, the passenger vehicles segment was anticipated to hold a prominent share in the global Electric Car Conversion Kit market as the implementation of stronger laws to minimize emissions from commercial vehicles.

Which region dominated the Electric Car Conversion Kit market?

In 2022, the Asia Pacific region was anticipated to hold a prominent share in the global Electric Car Conversion Kit market. The market expansion for Electric Car Conversion Kits in APAC will be facilitated by the rising emphasis on creating affordable hybrid solutions for clients concerned about costs. The main markets in APAC for electric car conversion kits are China and Japan. The market in this region will grow more quickly than in North America and Europe.

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How is US Market Performing in the Electric Car Conversion Kit market?

In 2022, the North American region was anticipated to hold a significant global Electric Car Conversion Kit market share. In the U.S., thousands of new battery-electric vehicles, SUVs, and cars are expected to be sold worldwide over the next ten years. Joe Biden advocates that by 2030, 50% of US carbon emissions, lowering it is essential to preventing climate change’s negative effects. However, there aren’t many options for fossil fuel-powered cars that will likely be in use for many years. By 2060, only 60% of US passenger vehicles will be electric.

How is the economy impacting the global Electric Car Conversion Kit growth?

Due to the recession, the automobile industry was even more negatively impacted because people tended to spend less, and financing was less readily available. The Russo-Ukrainian war caused significant disruptions throughout the automotive value chain, forcing OEMs and suppliers to postpone or halt business with Russia. As a result of a shortage of parts from suppliers based in Ukraine, several OEMs in Europe and Eastern Europe have stopped or reduced their production.

What is the competitive environment of the Electric Car Conversion Kit market?

To compete in the fragmented electric car conversion kits market, vendors are implementing growth tactics, including creating effective, fully integrated conversion kits for consumers. Market vendors should concentrate more on the growth prospects in the fast-growing segments while preserving their positions in the slow-growing segments to take advantage of the chances and recover from the post-COVID-19 impact. By introducing electric retrofit kits in France in cooperation with R-FIT 1 in January 2023, Renault, the market leader in electric vehicles in France, is reshaping the industry, including that of classic cars. The incredibly popular Renault 4, Renault 5, and first-generation Twingo are all compatible with these upgrades. Renault, the market leader for electric vehicles in France, is reshaping the industry by introducing electric retrofit kits in France in collaboration with R-FIT 1. The incredibly popular Renault 4, Renault 5, and first-generation Twingo are all compatible with these upgrades.

Executive Summary

What are the key trends in the Electric Car Conversion Kit market?

Another factor boosting the worldwide Electric Car Conversion Kit market share is the rising creation of inexpensive conversion kits. As OEMs achieve economies of scale, the price of new hybrid vehicles continues to drop. It is increasingly important for OEMs to lower the price of hybrid models to maximize adoption due to the rising need for fuel economy and decreased emissions. As a result, in recent years, the price difference between conventional and hybrid models has dramatically decreased.
Due to a shortage of the necessary charging stations for electric cars (EVs), the government is encouraging the use of hybrid vehicles suited for the area.

How are New Regulations Impacting the Electric Car Conversion Kit Market?

One of the main factors supporting the growth of the worldwide Electric Car Conversion Kit market share is the enforcement of legislation to encourage the usage of efficient conversion kits. The original drivetrain of automobiles must be modified as part of the conversion kit installation process. As a result, OEMs had reservations regarding using conversion kits and canceled warranties for customers who converted their vehicles. Adopting conversion kits that aid in emission control and fuel efficiency proved difficult. As a result, regulators created requirements that every conversion kit must meet to be accepted by the market. Additionally, it gave OEMs instructions not to void the warranties on conversion kits that regulatory requirements had approved. As a result, the automobile sector saw a huge surge in demand for conversion kits.

Which are the key investments by the Electric Car Conversion Kit market players?

The increase in investment by leading vendors to improve market prospects for electric car conversion kits. Reliance Industries Ltd. stated on Thursday that it would pay Rs. 50.16 crore for a share in Altigreen Propulsion Labs Pvt Ltd, a provider of electric vehicle technologies and solutions, in August 2022. “Agreement for the Subscription of 34,000 Series has been agreed with Altigreen by Reliance New Energy Ltd (RNEL), a wholly owned division of the Company. Altigreen stated in February 2022 that it had raised USD 40 million in financing for capacity development, the launch of additional goods, and creation of a pan-India network. According to the Bengaluru-based business, Sixth Sense Ventures is leading the Series A investment, including participation from Reliance New Energy, Accurant International, Xponentia Capital, the United States, and Momentum Venture Capital, Singapore.

Major Electric Car Conversion Kit market players are A123 Systems LLC, Altigreen Propulsion Labs Pvt. Ltd., Enginer, EVDrive, Hybrid Design Services Inc., IX Energy Pvt. Ltd., KPIT Technologies Ltd., Odyne Systems LLC, Stealth EV, and XL Hybrids Inc.

What are the Major Driving Factors for the Electric Car Conversion Kit Market?

The significant reduction in emissions is the main advantage. The tailpipe emissions will decrease directly due to the growing number of electric vehicles on our roads. In the end, this will result in cleaner air in your city. The incredibly cheap operating costs are another advantage. Fuel expenses are at an all-time high compared to driving your automobile on electricity. This allows you to fast recoup the cost of the electric car kit you would have purchased. An electric car experiences much less wear and tear since it has a much smaller number of parts than a typical vehicle powered by an ICE. As a result, maintenance costs are decreased. Since electric vehicles don’t burn fossil fuels, you won’t have to deal with the hassle of routine pollution inspections and PUC procurement. During the forecast period, these advantages are anticipated to accelerate market expansion.

What are the Major Risks for the Electric Car Conversion Kit Market?

The problems with hybrid vehicles’ battery performance and mile range will provide a significant obstacle to expanding the worldwide Electric Car Conversion Kit market share during the forecast period. Converted hybrid vehicles’ battery performance depends on various variables, including the number of charge cycles, depletion rate, humidity, and charging and discharging durations. Battery packs in converted hybrid vehicles come with a 6–10 years/1–00,000-mile warranty. As a result, battery failure is a problem that most hybrid vehicle owners encounter. It is difficult to extrapolate the performance over time for various batteries from the available history.

Which is the key application in the Electric Car Conversion Kit market?

The commercial vehicle segment will dominate the electric car conversion kits market. One of the main factors propelling the segment’s growth is the implementation of stronger laws to minimize emissions from commercial vehicles. The global electric car conversion kits market will expand throughout the forecast period due to rising consumer awareness of hybrid technology in CVs.

How is the Electric Car Conversion Kit market performing in regions?

Europe market is anticipated to witness the fastest growth in the global Electric Car Conversion Kit market during the forecast period. In terms of revenue, the UK dominated the European market for Electric Car Conversion Kits in 2022, which is anticipated to continue during the forecast period. But due to a large growth in the country’s Electric Car Conversion Kit business, Germany is predicted to have Europe’s fastest expanding market for these kits.

What is the regulatory landscape for the Electric Car Conversion Kit market?

Even though it is uncommon, a regular car can be transformed into an all-electric, plug-in hybrid, or hybrid electric vehicle. (HEV). An HEV can also be transformed into a PHEV or an EV. Such modifications give alternatives in addition to those provided by original equipment makers. (OEMs). Certified installers can efficiently upgrade traditional vehicle designs or convert heavy-duty vehicles to run only on electricity. U.S. Environmental Protection Agency (EPA) certification is required for conversion systems that transform automobiles into PHEVs and HEVs. For details on the rules and requirements for all conversions of advanced and alternative fuel vehicles, see the Conversions page.

Additionally, in India, criteria for retrofitting can be broken down into three categories under the modified Central Motor Cars Rules, 1989: electric vehicle conversion for all types, hybrid vehicle conversion for cars weighing up to 3.5 tonnes, and those above. Although the environmental impact of this decision is seen favorably, there are concerns about the expense. The average person may find this method pricey. Numerous businesses offer the kit for converting a diesel or gasoline vehicle to an electric vehicle, including E-trio Automobiles and BharatMobi. The electric car kit and other conversion-related expenses can cost five lakhs.

What is the Market Size of the Electric Car Conversion Kit regarding value?

The global Electric Car Conversion Kit market is anticipated to grow at a substantial CAGR of X.X% in the upcoming years. The global Electric Car Conversion Kit industry was estimated to be worth USD X.X billion in 2022 and was expected to be worth USD X.X billion by 2030.

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What are the major players planning for the future of the Electric Car Conversion Kit market?

The increasing demand for conversion kits in developing countries, which is a key factor in the growth of the global market for electric car conversion kits, has given rise to numerous new start-ups. During the projection period, the creation of low-cost Electric Car Conversion Kits is anticipated to play a significant role in adopting conversion kits in important emerging economies.

REPORT ATTRIBUTE	DETAILS
Electric Car Conversion Kit Market by Volume	Yes
Electric Car Conversion Kit Market by Value	Yes
Electric Car Conversion Kit Market, Tornado Analysis	Yes
Electric Car Conversion Kit Market, STAR Analysis	Yes
Electric Car Conversion Kit Market, SRC Analysis	Yes
Electric Car Conversion Kit Market, Import-Export Data	Yes (On Demand)
Electric Car Conversion Kit Market Pricing Analysis	Yes (On Demand)
Electric Car Conversion Kit Market Segment Analysis	By Vehicle Class (Mid-priced and Luxury) By Application (Passenger Cars and Commercial Vehicles)
Electric Car Conversion Kit Market, Regional Analysis	North America (US and Canada) Europe (Germany, UK, France, Italy, Spain, and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, South East Asia, and Rest of Asia Pacific) Latin America (Brazil, Mexico, and Rest of Latin America) Middle East and Africa (GCC Countries, South Africa, and Rest of Middle East and Africa)
Electric Car Conversion Kit Market Key Companies	A123 Systems LLC, Altigreen Propulsion Labs Pvt. Ltd., Enginer, EVDrive, Hybrid Design Services Inc., IX Energy Pvt. Ltd., KPIT Technologies Ltd., Odyne Systems LLC, Stealth EV, and XL Hybrids Inc.
Electric Car Conversion Kit Market Competitive Landscape	Market Share Analysis Competitive Benchmarking Key Players Market Positioning Geographical Presence Analysis Major Strategies Adopted

Segmentation of Global Electric Car Conversion Kit Market-

Global Electric Car Conversion Kit Market – By Vehicle Class

Mid-priced
Luxury

Global Electric Car Conversion Kit Market – By Application

Passenger Cars
Commercial Vehicles

Global Electric Car Conversion Kit Market – By Region

North America
- US
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Introduction
1.5. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Global Electric Car Conversion Kit Market
2.2. Global Electric Car Conversion Kit Market, By Vehicle Class
2.3. Global Electric Car Conversion Kit Market, By Application
2.4. Global Electric Car Conversion Kit Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Electric Car Conversion Kit Market Value, 2017-2030, (US$ Mn))
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.2.4. Major Industry Challenges
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Type
3.5.2. Application
3.5.3. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Vehicle Class Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. Direct Marketing
4.7.2. Indirect Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022
5.1. Company market share of key players, 2022
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. Economic Impact Analysis
6.1. Recession Impact
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East and Africa
6.2. Ukraine-Russia War Impact
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. COVID-19 Impact Analysis
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Latin America
6.3.5. Middle East and Africa

7. Global Electric Car Conversion Kit Market
7.1. Global Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030 (US$ Mn))
7.1.1. Overview
7.1.2. Global Electric Car Conversion Kit Market, By Vehicle Class, 2022 vs 2030 (in%)
7.1.3. Global Electric Car Conversion Kit Market, By Mid-priced, 2017-2030 (US$ Mn))
7.1.4. Global Electric Car Conversion Kit Market, By Luxury, 2017-2030 (US$ Mn))
7.2. Global Electric Car Conversion Kit Market, by Application, 2017-2030 (US$ Mn))
7.2.1. Overview
7.2.2. Global Electric Car Conversion Kit Market, By Application, 2022 vs 2030 (in%)
7.2.3. Global Electric Car Conversion Kit Market, By Passenger Cars, 2017-2030 (US$ Mn))
7.2.4. Global Electric Car Conversion Kit Market, By Commercial Vehicles, 2017-2030 (US$ Mn))

8. North America Electric Car Conversion Kit Market Analysis
8.1. North America Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030(US$ Mn))
8.1.1. Overview
8.1.2. SRC Analysis
8.2. North America Electric Car Conversion Kit Market, by Application, 2017-2030(US$ Mn))
8.2.1. Overview
8.2.2. SRC Analysis
8.3. North America Electric Car Conversion Kit Market, by Country, 2017-2030 (US$ Mn))
8.3.1. U.S.
8.3.1.1. U.S. Electric Car Conversion Kit Market Estimates and Forecast, 2017-2030 (US$ Mn))
8.3.1.2. U.S. Electric Car Conversion Kit, By Vehicle Class, 2017-2030 (US$ Mn))
8.3.1.3. U.S. Electric Car Conversion Kit, By Application, 2017-2030 (US$ Mn))
8.3.2. Canada
8.3.2.1. Canada Electric Car Conversion Kit Market Estimates and Forecast, 2017-2030 (US$ Mn))
8.3.2.2. Canada Electric Car Conversion Kit, By Vehicle Class, 2017-2030 (US$ Mn))
8.3.2.3. Canada Electric Car Conversion Kit, By Application, 2017-2030 (US$ Mn))

9. Europe Electric Car Conversion Kit Market Analysis
9.1. Europe Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030(US$ Mn))
9.1.1. Overview
9.1.2. SRC Analysis
9.2. Europe Electric Car Conversion Kit Market, by Application, 2017-2030(US$ Mn))
9.2.1. Overview
9.2.2. SRC Analysis
9.3. Europe Electric Car Conversion Kit Market, by Country, 2017-2030 (US$ Mn))
9.3.1. Germany
9.3.1.1. Germany Electric Car Conversion Kit Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.3.1.2. Germany Electric Car Conversion Kit, By Vehicle Class, 2017-2030 (US$ Mn))
9.3.1.3. Germany Electric Car Conversion Kit, By Application, 2017-2030 (US$ Mn))
9.3.2. France
9.3.2.1. France Electric Car Conversion Kit Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.3.2.2. France Electric Car Conversion Kit, By Vehicle Class, 2017-2030 (US$ Mn))
9.3.2.3. France Electric Car Conversion Kit, By Application, 2017-2030 (US$ Mn))
9.3.3. UK
9.3.3.1. UK Electric Car Conversion Kit Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.3.3.2. UK Electric Car Conversion Kit, By Vehicle Class, 2017-2030 (US$ Mn))
9.3.3.3. UK Electric Car Conversion Kit, By Application, 2017-2030 (US$ Mn))
9.3.4. Italy
9.3.4.1. Italy Electric Car Conversion Kit Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.3.4.2. Italy Electric Car Conversion Kit, By Vehicle Class, 2017-2030 (US$ Mn))
9.3.4.3. Italy Electric Car Conversion Kit, By Application, 2017-2030 (US$ Mn))
9.3.5. Spain
9.3.5.1. Spain Electric Car Conversion Kit Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.3.5.2. Spain Electric Car Conversion Kit, By Vehicle Class, 2017-2030 (US$ Mn))
9.3.5.3. Spain Electric Car Conversion Kit, By Application, 2017-2030 (US$ Mn))
9.3.6. Rest of Europe
9.3.6.1. Rest of Europe Electric Car Conversion Kit Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.3.6.2. Rest of Europe Electric Car Conversion Kit, By Vehicle Class, 2017-2030 (US$ Mn))
9.3.6.3. Rest of Europe Electric Car Conversion Kit, By Application, 2017-2030 (US$ Mn))

10. Asia Pacific Electric Car Conversion Kit Market Analysis
10.1. Asia Pacific Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030(US$ Mn))
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Asia Pacific Electric Car Conversion Kit Market, by Application, 2017-2030(US$ Mn))
10.2.1. Overview
10.2.2. SRC Analysis
10.3. Asia Pacific Electric Car Conversion Kit Market, by Country, 2017-2030 (US$ Mn))
10.3.1. China
10.3.1.1. China Electric Car Conversion Kit Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.3.1.2. China Electric Car Conversion Kit, By Vehicle Class, 2017-2030 (US$ Mn))
10.3.1.3. China Electric Car Conversion Kit, By Application, 2017-2030 (US$ Mn))
10.3.2. Japan
10.3.2.1. Japan Electric Car Conversion Kit Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.3.2.2. Japan Electric Car Conversion Kit, By Vehicle Class, 2017-2030 (US$ Mn))
10.3.2.3. Japan Electric Car Conversion Kit, By Application, 2017-2030 (US$ Mn))
10.3.3. India
10.3.3.1. India Electric Car Conversion Kit Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.3.3.2. India Electric Car Conversion Kit, By Vehicle Class, 2017-2030 (US$ Mn))
10.3.3.3. India Electric Car Conversion Kit, By Application, 2017-2030 (US$ Mn))
10.3.4. South Korea
10.3.4.1. South Korea Electric Car Conversion Kit Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.3.4.2. South Korea Electric Car Conversion Kit, By Vehicle Class, 2017-2030 (US$ Mn))
10.3.4.3. South Korea Electric Car Conversion Kit, By Application, 2017-2030 (US$ Mn))
10.3.5. South-East Asia
10.3.5.1. South-East Asia Electric Car Conversion Kit Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.3.5.2. South-East Asia Electric Car Conversion Kit, By Vehicle Class, 2017-2030 (US$ Mn))
10.3.5.3. South-East Asia Electric Car Conversion Kit, By Application, 2017-2030 (US$ Mn))
10.3.6. Rest of Asia Pacific
10.3.6.1. Rest of Asia Pacific Electric Car Conversion Kit Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.3.6.2. Rest of Asia Pacific Electric Car Conversion Kit, By Vehicle Class, 2017-2030 (US$ Mn))
10.3.6.3. Rest of Asia Pacific Electric Car Conversion Kit, By Application, 2017-2030 (US$ Mn))

11. Latin America Electric Car Conversion Kit Market Analysis
11.1. Latin America Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030(US$ Mn))
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Latin America Electric Car Conversion Kit Market, by Application, 2017-2030(US$ Mn))
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Latin America Electric Car Conversion Kit Market, by Country, 2017-2030 (US$ Mn))
11.3.1. Brazil
11.3.1.1. Brazil Electric Car Conversion Kit Market Estimates and Forecast, 2017-2030 (US$ Mn))
11.3.1.2. Brazil Electric Car Conversion Kit, By Vehicle Class, 2017-2030 (US$ Mn))
11.3.1.3. Brazil Electric Car Conversion Kit, By Application, 2017-2030 (US$ Mn))
11.3.2. Mexico
11.3.2.1. Mexico Electric Car Conversion Kit Market Estimates and Forecast, 2017-2030 (US$ Mn))
11.3.2.2. Mexico Electric Car Conversion Kit, By Vehicle Class, 2017-2030 (US$ Mn))
11.3.2.3. Mexico Electric Car Conversion Kit, By Application, 2017-2030 (US$ Mn))
11.3.3. Rest of Latin America
11.3.3.1. Rest of Latin America Electric Car Conversion Kit Market Estimates and Forecast, 2017-2030 (US$ Mn))
11.3.3.2. Rest of Latin America Electric Car Conversion Kit, By Vehicle Class, 2017-2030 (US$ Mn))
11.3.3.3. Rest of Latin America Electric Car Conversion Kit, By Application, 2017-2030 (US$ Mn))

12. Middle East and Africa Electric Car Conversion Kit Market Analysis
12.1. Middle East and Africa Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030(US$ Mn))
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Middle East and Africa Electric Car Conversion Kit Market, by Application, 2017-2030(US$ Mn))
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Middle East and Africa Electric Car Conversion Kit Market, by Country, 2017-2030 (US$ Mn))
12.3.1. GCC Countries
12.3.1.1. GCC Countries Electric Car Conversion Kit Market Estimates and Forecast, 2017-2030 (US$ Mn))
12.3.1.2. GCC Countries Electric Car Conversion Kit, By Vehicle Class, 2017-2030 (US$ Mn))
12.3.1.3. GCC Countries Electric Car Conversion Kit, By Application, 2017-2030 (US$ Mn))
12.3.2. South Africa
12.3.2.1. South Africa Electric Car Conversion Kit Market Estimates and Forecast, 2017-2030 (US$ Mn))
12.3.2.2. South Africa Electric Car Conversion Kit, By Vehicle Class, 2017-2030 (US$ Mn))
12.3.2.3. South Africa Electric Car Conversion Kit, By Application, 2017-2030 (US$ Mn))
12.3.3. Rest of Middle East and Africa
12.3.3.1. Rest of Middle East and Africa Electric Car Conversion Kit Market Estimates and Forecast, 2017-2030 (US$ Mn))
12.3.3.2. Rest of Middle East and Africa Electric Car Conversion Kit, By Vehicle Class, 2017-2030 (US$ Mn))
12.3.3.3. Rest of Middle East and Africa Electric Car Conversion Kit, By Application, 2017-2030 (US$ Mn))

13. Company Profiles
13.1. A123 Systems LLC.
13.1.1. Company Overview
13.1.2. Products/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2022)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis
13.2. Altigreen Propulsion Labs Pvt. Ltd.
13.3. Enginer, EVDrive
13.4. Hybrid Design Services Inc
13.5. IX Energy Pvt. Ltd.
13.6. KPIT Technologies Ltd.
13.7. Odyne Systems LLC
13.8. Stealth EV
13.9. XL Hybrids Inc.

List of Figures
FIG. 1 Global Electric Car Conversion Kit Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Electric Car Conversion Kit Market Segmentation
FIG. 4 Global Electric Car Conversion Kit Market, by Vehicle Class, 2022 (US$ Mn))
FIG. 5 Global Electric Car Conversion Kit Market, by Application, 2022 (US$ Mn))
FIG. 6 Global Electric Car Conversion Kit Market, by Geography, 2022 (US$ Mn))
FIG. 7 Attractive Investment Proposition, by Vehicle Class, 2022
FIG. 8 Attractive Investment Proposition, by Application, 2022
FIG. 9 Attractive Investment Proposition, by Geography, 2022
FIG. 10 Global Market Share Analysis of Key Electric Car Conversion Kit Market Manufacturers, 2022
FIG. 11 Global Market Positioning of Key Electric Car Conversion Kit Market Manufacturers, 2022
FIG. 12 Global Electric Car Conversion Kit Market Value Contribution, By Vehicle Class, 2022 & 2030 (Value %)
FIG. 13 Global Electric Car Conversion Kit Market, by Mid-priced, Value, 2017-2030 (US$ Mn))
FIG. 14 Global Electric Car Conversion Kit Market, by Luxury, Value, 2017-2030 (US$ Mn))
FIG. 15 Global Electric Car Conversion Kit Market Value Contribution, By Application, 2022 & 2030 (Value %)
FIG. 16 Global Electric Car Conversion Kit Market, By Passenger Cars, Value, 2017-2030 (US$ Mn))
FIG. 17 Global Electric Car Conversion Kit Market, By Commercial Vehicles, 2017-2030 (US$ Mn))
FIG. 18 North America Electric Car Conversion Kit Market, 2017-2030 (US$ Mn))
FIG. 19 U.S. Electric Car Conversion Kit Market, 2017-2030 (US$ Mn))
FIG. 20 Canada Electric Car Conversion Kit Market, 2017-2030 (US$ Mn))
FIG. 21 Europe Electric Car Conversion Kit Market, 2017-2030 (US$ Mn))
FIG. 22 Germany Electric Car Conversion Kit Market, 2017-2030 (US$ Mn))
FIG. 23 France Electric Car Conversion Kit Market, 2017-2030 (US$ Mn))
FIG. 24 U.K. Electric Car Conversion Kit Market, 2017-2030 (US$ Mn))
FIG. 25 Italy Electric Car Conversion Kit Market, 2017-2030 (US$ Mn))
FIG. 26 Spain Electric Car Conversion Kit Market, 2017-2030 (US$ Mn))
FIG. 27 Rest of Europe Electric Car Conversion Kit Market, 2017-2030 (US$ Mn))
FIG. 28 Asia Pacific Electric Car Conversion Kit Market, 2017-2030 (US$ Mn))
FIG. 29 China Electric Car Conversion Kit Market, 2017-2030 (US$ Mn))
FIG. 30 Japan Electric Car Conversion Kit Market, 2017-2030 (US$ Mn))
FIG. 31 India Electric Car Conversion Kit Market, 2017-2030 (US$ Mn))
FIG. 32 South Korea Electric Car Conversion Kit Market, 2017-2030 (US$ Mn))
FIG. 33 South-East Asia Electric Car Conversion Kit Market, 2017-2030 (US$ Mn))
FIG. 34 Rest of Asia Pacific Electric Car Conversion Kit Market, 2017-2030 (US$ Mn))
FIG. 35 Latin America Electric Car Conversion Kit Market, 2017-2030 (US$ Mn))
FIG. 36 Brazil Electric Car Conversion Kit Market, 2017-2030 (US$ Mn))
FIG. 37 Mexico Electric Car Conversion Kit Market, 2017-2030 (US$ Mn))
FIG. 38 Rest of Latin America Electric Car Conversion Kit Market, 2017-2030 (US$ Mn))
FIG. 39 Middle East & Africa Electric Car Conversion Kit Market, 2017-2030 (US$ Mn))
FIG. 40 GCC Countries Electric Car Conversion Kit Market, 2017-2030 (US$ Mn))
FIG. 41 South Africa Electric Car Conversion Kit Market, 2017-2030 (US$ Mn))
FIG. 42 Rest of Middle East and Africa Electric Car Conversion Kit Market, 2017-2030 (US$ Mn))

List of Tables
TABLE 1 Market Snapshot: Global Electric Car Conversion Kit Market
TABLE 2 Global Electric Car Conversion Kit Market, by Competitive Benchmarking, 2022
TABLE 3 Global Electric Car Conversion Kit Market, by Geographical Presence Analysis, 2022
TABLE 4 Global Electric Car Conversion Kit Market, by Key Strategies Analysis, 2022
TABLE 5 Global Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030 (US$ Mn))
TABLE 6 Global Electric Car Conversion Kit Market, by Application, 2017-2030 (US$ Mn))
TABLE 7 Global Electric Car Conversion Kit Market, by Geography, 2017-2030 (US$ Mn))
TABLE 8 North America Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030 (US$ Mn))
TABLE 9 North America Electric Car Conversion Kit Market, by Application, 2017-2030 (US$ Mn))
TABLE 10 North America Electric Car Conversion Kit Market, by Country, 2017-2030 (US$ Mn))
TABLE 11 US Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030 (US$ Mn))
TABLE 12 US Electric Car Conversion Kit Market, by Application, 2017-2030 (US$ Mn))
TABLE 13 Canada Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030 (US$ Mn))
TABLE 14 Canada Electric Car Conversion Kit Market, by Application, 2017-2030 (US$ Mn))
TABLE 15 Europe Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030 (US$ Mn))
TABLE 16 Europe Electric Car Conversion Kit Market, by Application, 2017-2030 (US$ Mn))
TABLE 17 Europe Electric Car Conversion Kit Market, by Country, 2017-2030 (US$ Mn))
TABLE 18 Germany Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030 (US$ Mn))
TABLE 19 Germany Electric Car Conversion Kit Market, by Application, 2017-2030 (US$ Mn))
TABLE 20 France Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030 (US$ Mn))
TABLE 21 France Electric Car Conversion Kit Market, by Application, 2017-2030 (US$ Mn))
TABLE 22 UK Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030 (US$ Mn))
TABLE 23 UK Electric Car Conversion Kit Market, by Application, 2017-2030 (US$ Mn))
TABLE 24 Italy Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030 (US$ Mn))
TABLE 25 Italy Electric Car Conversion Kit Market, by Application, 2017-2030 (US$ Mn))
TABLE 26 Spain Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030 (US$ Mn))
TABLE 27 Spain Electric Car Conversion Kit Market, by Application, 2017-2030 (US$ Mn))
TABLE 28 Rest of Europe Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030 (US$ Mn))
TABLE 29 Rest of Europe Electric Car Conversion Kit Market, by Application, 2017-2030 (US$ Mn))
TABLE 30 Asia Pacific Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030 (US$ Mn))
TABLE 31 Asia Pacific Electric Car Conversion Kit Market, by Application, 2017-2030 (US$ Mn))
TABLE 32 Asia Pacific Electric Car Conversion Kit Market, by Country, 2017-2030 (US$ Mn))
TABLE 33 China Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030 (US$ Mn))
TABLE 34 China Electric Car Conversion Kit Market, by Application, 2017-2030 (US$ Mn))
TABLE 35 Japan Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030 (US$ Mn))
TABLE 36 Japan Electric Car Conversion Kit Market, by Application, 2017-2030 (US$ Mn))
TABLE 37 India Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030 (US$ Mn))
TABLE 38 India Electric Car Conversion Kit Market, by Application, 2017-2030 (US$ Mn))
TABLE 39 South Korea Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030 (US$ Mn))
TABLE 40 South Korea Electric Car Conversion Kit Market, by Application, 2017-2030 (US$ Mn))
TABLE 41 South-East Asia Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030 (US$ Mn))
TABLE 42 South-East Asia Electric Car Conversion Kit Market, by Application, 2017-2030 (US$ Mn))
TABLE 43 Rest of Asia Pacific Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030 (US$ Mn))
TABLE 44 Rest of Asia Pacific Electric Car Conversion Kit Market, by Application, 2017-2030 (US$ Mn))
TABLE 45 Latin America Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030 (US$ Mn))
TABLE 46 Latin America Electric Car Conversion Kit Market, by Application, 2017-2030 (US$ Mn))
TABLE 47 Latin America Electric Car Conversion Kit Market, by Country, 2017-2030 (US$ Mn))
TABLE 48 Brazil Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030 (US$ Mn))
TABLE 49 Brazil Electric Car Conversion Kit Market, by Application, 2017-2030 (US$ Mn))
TABLE 50 Mexico Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030 (US$ Mn))
TABLE 51 Mexico Electric Car Conversion Kit Market, by Application, 2017-2030 (US$ Mn))
TABLE 52 Rest of Latin America Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030 (US$ Mn))
TABLE 53 Rest of Latin America Electric Car Conversion Kit Market, by Application, 2017-2030 (US$ Mn))
TABLE 54 Middle East and Africa Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030 (US$ Mn))
TABLE 55 Middle East and Africa Electric Car Conversion Kit Market, by Application, 2017-2030 (US$ Mn))
TABLE 56 Middle East and Africa Electric Car Conversion Kit Market, by Country, 2017-2030 (US$ Mn))
TABLE 57 GCC Countries Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030 (US$ Mn))
TABLE 58 GCC Countries Electric Car Conversion Kit Market, by Application, 2017-2030 (US$ Mn))
TABLE 59 South Africa Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030 (US$ Mn))
TABLE 60 South Africa Electric Car Conversion Kit Market, by Application, 2017-2030 (US$ Mn))
TABLE 61 Rest of Middle East and Africa Electric Car Conversion Kit Market, by Vehicle Class, 2017-2030 (US$ Mn))
TABLE 62 Rest of Middle East and Africa Electric Car Conversion Kit Market, by Application, 2017-2030 (US$ Mn))

Frequently asked questions

How does COVID-19 Impact the global Electric Car Conversion Kit market?

Due to a major impact on key companies in the supply chain, the COVID-19 outbreak will significantly impact the growth of the global market for hybrid EV conversion kits in 2022.

Which is the leading region of the market for Electric Car Conversion kits?

Asia Pacific accounted for the most heightened share in the global Electric Car Conversion Kit market.

What are the key drivers for the growth of the Electric Car Conversion Kit market?

The market is expanding due to enforced rules to encourage the use of effective conversion kits and an increase in the production of inexpensive conversion kits.

Which is the major segment in the Electric Car Conversion Kit market by vehicle class?

The Mid-priced segment had a major share in the global market in 2022.

Which is the major segment in the Electric Car Conversion Kit market by application?

The Passenger Cars segment had a major share in the global market.

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