Alternet Systems, Inc. (OTCMKTS: ALYI) announced recently that it received an order for 2,000 electric motorcycles. This order is a part of its planned rollout for rental solutions and Rideshare regarding all-inclusive Electric vehicles in Africa. Alternet Systems has launched a comprehensive pilot project that stitched together multitudes of partners in Kenya.
Increasing global EV market size
A report highlights that the global size of EVs is projected to increase considerably this year. From 4,093,000 units in the current year, the demand is expected to shoot up to 34,756,000 units by 2030. As a result, there will be a 26.8% CAGR rise in the number of electric vehicles demand.
Riding on the high demand and industry inclination towards low emission commuting vehicles, the company is also planning to create an EV ecosystem solution to advance the EV sector with vital EV technology. As a result, there has been ongoing participation from the industry leaders.
Key factors contributing to the growing demand for EV
There has been a range of government support for zero-emission vehicles and long-range commutation with zero emissions. The government provides tax rebates and subsidies for the same, compelling more manufacturers to provide electric vehicles across the world. The demand for electric vehicles has grown considerably in the market, increasing investments from governments in developing EV stations for charging and Hydrogen fueling stations. Steady growth for EV is expected in Asia Pacific regions, while European and North American markets are already booming.
Alternet Systems, Inc., in the meanwhile, has seeded its EV ecosystem solution by the development of the EV motorcycle business. It has also kicked off the Electric Motorcycle pilot program based in Kenya. This program has started generating results already, beyond the apparent competition.