Press release
Electric Vehicle Market Growth, Industry Size-Share, Technology, Challenges, Trends, Industry Experts by 2030
Electric Vehicle Market which was USD 3,37,263.41 million in 2022, is expected to reach USD 14,84,355.71 million by 2030, growing at a CAGR of 20.35% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.Asceses Full report@ https://www.databridgemarketresearch.com/reports/global-electric-vehicle-market
Key Takeaway
• By 2040, the Europe is expected to achieve 40% greenhouse gas reduction and net-zero by 2050
• EV sales increased by 80% in the United States in 2019
• Asia Pacific electric vehicle market was valued at USD 121.7 billion in 2021
• By propulsion type, the battery electric vehicles (BEV) accounted largest revenue share 66% in 2021
• The hybrid electric vehicle segment is expected to reach USD 301.67 billion by 2030 from valued at USD 77,581.7 million in 2021.
• The plug-in hybrid EV segment is expected to hit revenue USD 385,617 million from 2022 to 2030.
• The passenger car electric vehicle market was valued at USD 127,394 million in 2021 and is projected to hit at USD 598,735 million by 2030.
• The commercial vehicle EV market was valued at USD 47,351.9 million in 2021.
• The luxury EV market is projected to reach USD 441,273 million by 2030 from valued at USD 104,380 million in 2021.
Global electric vehicle market growth is being driven by the growing fundings and investments by key market players. Ford had previously stated that it would invest $11.5 billion in electrifying its vehicle lineup between now and 2022. It recently claimed that it had upped its spending in driverless and electrified vehicles to help boost vehicle sales in the face of ongoing lockdowns. Mercedes-Benz also confirmed that, in addition to completely electric vehicles, it will release 25 new plug-in hybrid electric vehicles by 2025. Companies' diverse product offers have attracted a large number of customers, resulting in an expanding market for electric vehicles.
Related Report@-
https://jondevide92.blogspot.com/2023/10/enterprise-file-synchronization-and.html
https://jondevide92.blogspot.com/2023/10/europe-enterprise-file-synchronization.html
https://jondevide92.blogspot.com/2023/10/asia-pacific-enterprise-file.html
https://sites.google.com/view/healthacare-industry/home
Some of the major players operating in the electric vehicle market are
• Ford Motor Company (US)
• General Motors (US)
• AUDI AG (Germany)
• Kia Motors Corporation (South Korea)
• Groupe Renault (France)
• Groupe PSA (France)
• SAIC Motor Corporation Limited (China)
• Tesla (US)
• Daimler AG (Germany)
Contact Us:-
Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email:- corporatesales@databridgemarketresearch.com
Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 % client satisfying rate.
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