Electric Vehicle Market worth 34,756 thousand units by 2030 - Exclusive Report by MarketsandMarkets™
CHICAGO, May 31, 2021 /PRNewswire/ -- According to the new market research report " Electric Vehicle Market by Component, Vehicle (Passenger Cars, CV), Propulsion (BEV, PHEV, FCEV), Vehicle Drive Type (FWD, RWD, AWD), Vehicle Top Speed (125 mph), Charging Point, Vehicle Class, V2G, Region", published by MarketsandMarkets,the Electric Vehicle Market size is projected to grow from 4,093 thousand units in 2021 to reach 34,756 thousand units by 2030, at a CAGR of 26.8%.
- CHICAGO, May 31, 2021 /PRNewswire/ -- According to the new market research report " Electric Vehicle Market by Component, Vehicle (Passenger Cars, CV), Propulsion (BEV, PHEV, FCEV), Vehicle Drive Type (FWD, RWD, AWD), Vehicle Top Speed (125 mph), Charging Point, Vehicle Class, V2G, Region", published by MarketsandMarkets,the Electric Vehicle Market size is projected to grow from 4,093 thousand units in 2021 to reach 34,756 thousand units by 2030, at a CAGR of 26.8%.
- The governments of these developing economies have recognized the growth potential of the Electric Vehicle Market and, hence, have taken different initiatives to attract major OEMs to manufacture the electric vehicle in domestic markets.
- OEMs such as BYD plan to open plants in other parts of the world to manufacture electric buses and electric trucks to meet regional demand.
- The middle east and African region have started giving importance to the Electric Vehicle Market in the recent past.