Reduction of pollutant emission and fossil fuel dependency is an objective of energy policies across the globe. Governments across the globe are promoting the utilization of efficient vehicles, e.g., hybrid electric vehicles. Incorporation of electric drives in agricultural machines and tractors presents advantages such as expanded functionalities, energy efficiency, etc.
Examples of some of the key players involved in the global electric tractors market include Deere & Company, AGCO GmbH, The Escorts Group, SOLECTRAC, Multi Tool Trac BV, and MTZ Equipment Ltd., among others.
Based on the power source, the global electric tractors market can be segmented into: – Battery Operated – Solar Powered Based on the application, the global electric tractors market can be segmented into: – Organic Farms – Vineyards – Equestrian Centers