Electric Vehicle Market To Grow Substantially At A CAGR Of 23% From 2022 To 2030

According to Custom Market Insights (CMI), The size of the Global Electric Vehicle Market was worth around USD 170 billion in 2021 and is predicted to grow to around USD 1105 billion by 2030 with a compound annual growth rate (CAGR) of roughly 23% between 2022 and 2030.

The report analyses the Electric Vehicle (EV) market’s drivers and restraints and the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global Electric Vehicle (EV) market.

Electric Vehicle (EV) Market: Overview

Low-emission technology used in electric vehicles aids in reducing greenhouse gas emissions and addressing other environmental problems. To reduce greenhouse gas emissions, several developing economies are choosing sustainable alternatives.

The demand for electric vehicles has increased due to growing worries about the pollution produced by conventional internal combustion (IC) engines, which has positively impacted the electric vehicle market.

Browse the full “Electric Vehicle (EV) Market Size, Trends and Insights By Product (BEV, PHEV), By Vehicle Type (Private Vehicles, Commercial Vehicles), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030 “ report at https://www.custommarketinsigh....ts.com/report/electr