Charging Ahead: EV Cables Market Powers Up with a Robust 22.24% CAGR, Sparked by Sustainability and Speed
/PRNewswire/ -- The EV charging cable market is slated to have a valuation of US$ 2,281.63 million in 2024. The blossoming electric vehicle industry is spelling out positive things for the EV charging cable market. As sustainability concerns lead to a greater number of EVs populating streets, the need for EV charging cables is strengthened.
- Sustainability focus and rapid charging cables are driving the EV charging cable market to a projected CAGR of 22.24% by 2034, according to Future Market Insights.
- The blossoming electric vehicle industry is spelling out positive things for the EV charging cable market.
- As sustainability concerns lead to a greater number of EVs populating streets, the need for EV charging cables is strengthened.
- The manufacture of EV charging cables allowing convenience to users in the form of home charging is envisioned to add considerable value to the market.