Electric Vehicle Market Size, Share, Growth, Analysis by 2030
The global electric vehicle market is projected to grow from USD 396.49 billion in 2024 to USD 620.33 billion by 2030 at a CAGR of 7.7%. Many factors are collectively driving the electric vehicle market. The most important of these is the reduction of the total cost of ownership through lower fuel and maintenance costs than traditional internal combustion engine (ICE) vehicles. The energy density...
Asia Pacific Electric Vehicle Market Projected to reach USD 404.7 billion by 2030
The Asia Pacific Electric Vehicle Market is expected to grow from USD 218.8 billion to USD 404.7 billion by 2030, at a CAGR of 8.1%. The market in Asia Pacific region is led by growing dominance in China, and increasing demand for passenger EVs in South Korea, India, Japan and south east Asian countries such as Thailand, Indonesia, Malaysia and Vietnam. EV sales in China peaked near 50% share of the...
North America to Lead Low-Speed Vehicle Market Growth: Projected USD 8 Billion by 2028
North America is expected to be the largest market for low-speed vehicles during the forecast period. The market is projected to grow from USD 5,703.2 million to USD 8,020.0 million at a CAGR of 5.8%.
These vehicles are popular for short-range commutes among older citizens in the US and are also used as neighborhood vehicles to commute to gyms, malls, restaurants, and schools. In the North American...
Electric Scooter and Motorcycle Market Size to Reach $12.4 Billion by 2030
The Electric Scooter and Motorcycle Market Size is poised for substantial growth, projected to reach a remarkable value of $12.4 billion by 2030. This surge can be attributed to the increasing demand for eco-friendly transportation solutions and the rising awareness of the environmental impact of conventional vehicles. With urbanization on the rise and traffic congestion becoming a critical issue...
EV Battery Market Size Projected to Hit $508.8 Billion by 2033 as Demand for Electric Vehicles Soars
The EV battery market size is poised for substantial growth, with projections estimating it will reach $508.8 billion by 2033. This growth is driven by the rapid adoption of electric vehicles (EVs) as governments and consumers alike seek sustainable, eco-friendly alternatives to traditional gasoline-powered vehicles. As the demand for EVs rises, so does the need for efficient, reliable, and high-capacity...
Electric Bus Industry to Reach $37.5 Billion by 2030: Key Market Drivers and Trends
The global electric bus industry is projected to grow at a CAGR of 14.2% during the forecast period, from an estimated market size of USD 17.0billion in 2024 to USD 37.5 billion by 2030.
The growing demand for electric buses is driven by several factors, such as government initiatives, subsidies and tax exemptions for electric vehicle adoption, charging infrastructure, and advancements in battery...
EV Market Size, Share, Trends & Growth Analysis by 2030
The global EV Market is projected to grow from USD 396.4 Billion in 2024 to USD 620.3 Billion by 2030, registering a CAGR of 7.7%. The global electric vehicle (EV) market has well developed over the years due to several factors. Emerging environmental consciousness for air pollution and greenhouse gas emissions, among others, has led the governments across the globe to put supportive policies, which...
Electric Light Commercial Vehicle Market Size, Share & trends [2030]
The global electric light commercial vehicle market size is projected to grow from 333.6 thousand units in 2022 to 3,919.3 thousand units by 2030, at a CAGR of 36.1%.
Factors such as rising demand for zero-emissions commuting and government support for low-emission vehicles through subsidies and tax breaks have resulted in automakers embracing EVs and the expansion of the electric light commercial...
Sticking to the Future: EV Adhesives Market on the Rise
The electric vehicle (EV) revolution is in full swing, and with it comes a surge in demand for specialized components. One such crucial but often overlooked element is electric vehicle adhesives. These adhesives play a vital role in ensuring the structural integrity, safety, and performance of EVs.
Market Size and Forecast
The electric vehicle adhesives market is experiencing explosive...