Global Electric Vehicle Market Size & Share Projected to Hit at USD 980 Billion and Rise at a CAGR of 24.5% By 2028: Industry Trends, Demand, Value, Analysis & Forecast Report | Facts and Factors
Thus, strict emission standards placed on fossil-fuel-driven commercial vehicles are propelling the global electric vehicle market forward.
- Thus, strict emission standards placed on fossil-fuel-driven commercial vehicles are propelling the global electric vehicle market forward.
- Similarly, producers require a significant amount of financial assets, which may stifle the global electric vehicle market growth.
- The global electric vehicle market is segregated on the basis of module, charging station, propulsion, vehicle type, drivetrain, vehicle class, and region.
- By propulsion, the market is classified into battery electric vehicles, fuel cell electric vehicles, plug-in electric vehicles, and hybrid electric vehicles.