Press release
Electric Vehicle (EV) Market to Garner $457.9 Billion by 2028 at 17.9% CAGR: Markets N research
The report "Electric Vehicle (EV) Market by Components (Battery Cells & Packs, On-Board Charge, Motor, Reducer, Fuel Stack, Power Control Unit, Battery Management System, Fuel Processor, Power Conditioner, Air Compressor, Humidifier), Vehicle Type (Passenger Cars, Commercial Vehicles), Vehicle Class (Low-priced, Mid-priced, Luxury), Top Speed (125 MPH), Vehicle Drive Type (Front Wheel Drive, Rear Wheel Drive, All Wheel Drive), Point Type (Normal Charging, Super Charging), Vehicle Connectivity (V2B or V2H, V2G, V2V, V2X), Propulsion (BEV, PHEV, FCEV), End Use (Private, Commercial Fleets) and Region (North America, Europe, APAC, RoW) - Global Forecast to 2028" The Electric Vehicle (EV) market is projected to grow from USD 170.5 billion in 2021 and is projected to reach USD 457.9 billion by 2028; it is expected to grow at a CAGR of 17.9% from 2021 to 2028. The main reasons propelling the electric vehicle market's growth include favorable government policies and regulations, growing environmental concerns, increasing expenditures by top automobile OEMs, declining battery prices, and improvements in charging technology.Rear wheel drive category of the electric vehicle (EV) market to record the highest CAGR from 2022 to 2027
The rear-wheel drive category is expected to account for the highest CAGR of the EV market from 2022 to 2027. RWD EV demand is rising worldwide, especially in Asia-Pacific and Europe. This is because they are simple to manage, and there is a rising demand for these vehicles. These vehicles have also increased more quickly in North America, where the most popular models include the Tesla Model 3 Standard, BMW i3, Volkswagen ID4, Porsche Tycan, and others. The MEA will see the greatest increase in RWD EVs over the next ten years, followed by the Asia Pacific due to its younger market.
Read More @ https://marketsnresearch.com/report/1559/global-electric-vehicle-ev-market
Markets N Research
1016 W Jackson Blvd Chicago,
IL 60607 United States
Tel: +17736491529
Email: sales@marketsnresearch.com
Markets N Research team is comprised of well skilled and equipped personnel ready to concur any upcoming challenges in the market sector for both individual people and organization around the world. We know time is money, and therefore we ensure we solve your problem within the shortest time possible to prevent delays or missing any opportunities. We use globally accepted techniques with a little innovation from our staff in solving all your market research related challenges.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electric Vehicle (EV) Market to Garner $457.9 Billion by 2028 at 17.9% CAGR: Markets N research here
News-ID: 2969233 • Views: …
More Releases from Markets N Research

Market Research Report: Elderly Care Market Analysis and Trends
The global elderly care market has been witnessing significant growth in recent years due to the increasing aging population and the rising demand for personalized care services. The elderly care market encompasses a wide range of services and products designed to cater to the needs of older adults, including home care, nursing care, assisted living, and adult day care. This market research report aims to provide a comprehensive analysis of…

Next Generation Automation Testing Market: A Comprehensive Market Research
The rapid evolution of technology has led to an increased demand for efficient software testing processes. Next Generation Automation Testing has emerged as a cutting-edge solution that leverages advancements in artificial intelligence (AI), machine learning (ML), and other innovative technologies to enhance testing efficiency and effectiveness. This market research report aims to provide a comprehensive analysis of the Next Generation Automation Testing market, including its current state, key trends, market…

Automotive Cyber Security Market Research: Protecting the Future of Connected Ve …
With the rapid growth of connected and autonomous vehicles, the importance of automotive cyber security has become paramount. The integration of advanced technologies and connectivity features in vehicles brings numerous benefits, but it also introduces new vulnerabilities and risks. As a result, automotive cyber security has emerged as a critical market segment, aimed at safeguarding vehicles from cyber threats and ensuring the safety and privacy of drivers and passengers.
Get the…

Next Generation Cancer Diagnostics: Market Research Analysis
Cancer continues to be a major global health challenge, with its prevalence increasing year by year. Early and accurate detection of cancer is crucial for effective treatment and improved patient outcomes. Next Generation Cancer Diagnostics (NGCD) represents a paradigm shift in cancer diagnosis, offering advanced technologies that enhance sensitivity, specificity, and efficiency. This market research analysis aims to explore the current landscape and future prospects of NGCD, including market size,…
More Releases for Vehicle
Transformative Trends Impacting the Vehicle-to-Vehicle (V2V) Communication Marke …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
How Large Will the Vehicle-to-Vehicle (V2V) Communication Market Size By 2025?
The size of the vehicle-to-vehicle (V2V) communication market has seen significant expansion in the most recent years. The market is projected to surge from $24.28 billion in 2024 to $27.1 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.6%. The…
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to the report published by Allied Market Research, the global electric vehicle motor market generated $5.5 billion in 2021, and is estimated to reach $34.4 billion by 2031, witnessing a CAGR of 20.3% from 2022 to 2031.
Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the growth of the Asia-Pacific market. Moreover, various technological…
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
According to a recent report published by Allied Market Research, titled,"Truck Platooning Market by Technology, Platooning Type, and Communication Technology: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global truck platooning market size was valued at $500.9 million in 2017, and is projected to reach $4,590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025.
To Explore More, Download Sample Report: https://www.alliedmarketresearch.com/request-sample/5245
Global truck platooning market is segmented…
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to a new report published by Allied Market Research, titled, "Electric Vehicle Motor Market," The global electric vehicle motor market was valued at $5.5 billion in 2021, and is projected to reach $34.4 billion by 2031, growing at a CAGR of 20.3% from 2022 to 2031.
Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the…
Electric Vehicle Power Inverter Market : Hybrid Vehicle, Plug in Hybrid Vehicle, …
The electric vehicle power inverter market was valued at $8.67 billion in 2021, and is estimated to reach $22.25 billion by 2031, growing at a CAGR of 10.4% from 2022 to 2031.
Download Sample Report at https://www.alliedmarketresearch.com/request-sample/9122
Factors that drive the growth of the electric vehicle power inverter market are increase in demand for electric vehicles, proactive government initiatives for the development of electric vehicle, and surge in demand for low-emission and…
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
The global truck platooning market size was valued at $500.9 million in 2017 and is projected to reach $4590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025 by Technology (Adaptive Cruise Control (ACC), Blind Spot Warning (BSW), Global Positioning System (GPS), Forward Collision Warning (FCW), Lane Keep Assist (LKA), and Others), Platooning type (Driver-Assistive Tuck Platooning (DATP) and Autonomous Truck Platooning), and Communication Technology (Vehicle-to-infrastructure (V2I),…