Electric Vehicle Market Set to reach $951.9 billion by 2030
The global EV market is projected to grow from USD 388.1 billion in 2023 to USD 951.9 billion by 2030, registering a CAGR of 13.7%.
The electric vehicle (EV) market is experiencing a remarkable surge in growth, revolutionizing the global automotive industry. With an increasing focus on sustainability and reducing greenhouse gas emissions, governments and consumers alike are embracing the transition...
Electric Vehicle Market Size, Share, Growth, Forecast, Report, 2030
The global EV market is projected to grow from USD 388.1 billion in 2023 to USD 951.9 billion by 2030, registering a CAGR of 13.7%. The electric vehicle (EV) market is currently experiencing a transformative phase of rapid growth and innovation. With increasing global concern over climate change and air pollution, coupled with advancements in technology and supportive government policies,...
Electric Vehicle Market Projected to Reach 39,208 thousand Units by 2030
The global electric vehicle market size is projected to grow from 8,151 thousand units in 2022 to 39,208 thousand units by 2030, at a CAGR of 21.7%. Factors such as growing demand for low emission commuting and governments supporting long range, zero emission vehicles through subsidies & tax rebates have compelled the manufacturers to provide electric vehicles around the world. The rapidly growing...
Electric Vehicle Market Set to Reach 39,208 Thousand Units by 2030
The electric vehicle market size is projected to grow from 8,151 thousand units in 2022 to reach 39,208 thousand units by 2030, at a CAGR of 21.7%. Factors such as growing demand zero emissions commuting and governments supporting low emission vehicles through subsidies & tax rebates have led to automakers adopting to EV’s and growth of Electric Vehicle market.
The passenger car segment to...
Electric Vehicle Market – Latest Trends & Industry Vision By 2030
The global Electric Vehicle Market size is projected to grow from 8,151 thousand units in 2022 to 39,208 thousand units by 2030, at a CAGR of 21.7%.
Factors such as growing demand for low-emission commuting and governments supporting long-range, zero-emission vehicles through subsidies & tax rebates have compelled the manufacturers to provide electric vehicles around the world. The rapidly growing...
EV Cables Market is Booming: Explore Opportunities!
EV cables
perform different functions in electric vehicles as they aid in
signal transmission and powering up of different electronic and electrical
devices. They are also used to set up electrical circuits in electric vehicles
and are designed to operate in extreme conditions effectively.
The global EV Cable Market is expected to register significant growth during the forecast period. It is estimated...
Electric Commercial Vehicle Market Boom in Near Future!
The Global Electric Commercial Vehicle Market size is expected to grow from approximately 129 thousand units in 2020 to reach 2,026 thousand units by 2028, at a CAGR of 41.1%.
Factors such as rise in pollution and environmental hazards, stringent government regulations, and stiff competition have compelled automotive OEMs to make fuel-efficient and environment-friendly vehicles.
OEMs worldwide...
Solar Vehicle Market: Opportunities, Trends, and Analysis
The rapidly evolving automotive industry has provided advanced solutions in transport applications. The inception of solar and electric vehicles has proven to be the best alternative to shift from fossil fuel cars. Also, the mass production of electric vehicles by OEMs due to the high adoption rate across the globe has led to the rapid development of solar panels to be integrated over vehicles.
The...
Attractive Opportunities in the Electric Commercial Vehicle Market
The Global Electric Commercial Vehicle Market size is expected to grow from approximately 261 thousand units in 2020 to reach 1,890 thousand units by 2027, at a CAGR of 32.7%. Factors such as a rise in pollution and environmental hazards, stringent government regulations, and stiff competition have compelled automotive OEMs to make fuel-efficient and environment-friendly vehicles.
OEMs worldwide...
Electric Vehicle Market – Unraveling Challenges and Opportunities
The Electric Vehicle Market is projected to reach 26,951,318 units by 2030 from an estimated 3,269,671 units in 2019, at a CAGR of 21.1%. The growing trend of greener transport is the major factor responsible for the expected advancements in this market. Electric vehicles, including BEVs, PHEVs, and FCEVs, are expected to play a major role in the future to achieve the emission targets for different...