Global Electric Vehicle Market & Trends
By 2030, the global electric vehicle (EV) market size is projected to grow from an estimate of 3 million units to 27 million units at a CAGR of 21.1%. The increasing popularity of electric vehicles highlights significant efforts made jointly by various governments and automotive industry associations. Ambitious EV targets and policy support from governments have resulted in the lowering of EV costs. In addition, factors such as extended vehicle range and improvement in charging infrastructure have fueled the growth of the electric vehicle market globally.
