Tag: Electric Vehicle Market Share

The Global Electric Vehicle Market is projected to grow from 3 million units in 2019 to reach 27 million units by 2030, at a CAGR of 21.1% during the forecast period. The growing trend of greener transport is the major factor responsible for the expected advancements in this market. EVs, including BEVs, PHEVs, and FCEVs, are expected to play a major role in the future to achieve the emission targets. Read More>>

China is a potential market for electric vehicles, as it has the maximum number of electric vehicles manufacturing industries. According to Forbes, Chinese automakers churned out 680,000 all-electric cars, buses, and trucks in 2017, more than the rest of the world combined. China produced more than 200,000 all-electric commercial vehicles last year, amounting to nearly 5% of the total output of the world. The global electric vehicle market size was. Read More>>