Press release
Electric Vehicle Market is projected to grow to USD 1122.03 Billion by 2032, at a CAGR of 12.5% from 2024 to 2032 | PMR
Electric Vehicles (Ev) Market
๐๐๐ฒ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:
The global market for electric vehicles was valued at USD 389.34 billion in 2023 and is projected to grow to USD 1122.03 billion by 2032.ย
The industry is anticipated to exhibit a CAGR of 12.5% during the forecast period from 2024 to 2032.
The market is primarily segmented based on product, vehicle type, power source, and region.
The major regions covered in the report include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐จ๐ฎ๐ซ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/electric-vehicles-ev-market/request-for-sample
๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
An electric vehicle (EV) is a vehicle that makes use of single or multiple electric motors for propulsion. The motor of EVs draws electricity from a battery, which is capable of being charged by an external power supply. Electric vehicles include several components, with the key parts being a battery, charger port, DC/DC converter, electric traction motor, onboard charger, and power electronics controller. The electric traction motor draws power from the battery pack to drive the vehicle's wheels.
The onboard charger has the function of taking the incoming AC electricity and converting it to DC power for charging the battery. The power electronics controller is responsible for managing the flow of electrical energy delivered by the traction battery. There are several types of EVs in the electric vehicle market, including passenger vehicles, heavy commercial vehicles, two-wheelers, and e-scooters & bikes.ย
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ:
The rising emphasis on sustainable development has led to the development of alternative energy systems, thereby propelling the growth of the electric vehicle industry.ย
Electric vehicles transform over half of the electrical energy from the grid to propel the vehicle. This is significantly higher than the conversion of energy stored in gasoline in gas-powered motors. As such, it's a catalyzing factor for the global industry.
๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ: https://www.polarismarketresearch.com/buy/162/2
๐๐จ๐ฉ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
Some of the major players operating in the market have announced their strategic plans. It's anticipated that the actual investments are likely to be more significant for growing electrical vehicles worldwide. The top players in the electric vehicle market include:
BAIC Group
BMW
BYD
GAC Motors
Great Wall Motors
Hyundai Group
Jaguar
Mercedes
Nissan-Renault-Mitsubishi
SAIC Motors
Stellantis
Tesla
Toyota
Volkswagen Group
Regional Analysis:
North America
Europe
Asia Pacific
Latin America,
Middle East & Africa
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ: https://www.polarismarketresearch.com/industry-analysis/electric-vehicles-ev-market
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
Polaris Market Research has segmented the electric vehicle market report based on product, vehicle type, power source, and region:
Electric Vehicle, Product Outlook (Volume, Thousand Units; Revenue, USD Billion, 2018 - 2030)
Battery Electric Vehicles (BEV)
Plug-in Hybrid Electric Vehicles (PHEV)
Electric Vehicle, Vehicle Type Outlook (Volume, Thousand Units; Revenue, USD Billion, 2018 - 2030)
Passenger
Heavy Commercial
Two-Wheelers
E-Scooters & Bikes
Light Commercial
Electric Vehicle, Power Source Outlook (Volume, Thousand Units; Revenue, USD Billion, 2018 - 2030)
Less than 100 kW
100 kW to 250 kW
More than 250 kW
๐๐จ๐ฉ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐จ๐ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
๐ ๐ข๐ง๐๐ง๐๐ข๐๐ฅ ๐๐๐ฅ๐ฅ๐ง๐๐ฌ๐ฌ ๐๐จ๐๐ญ๐ฐ๐๐ซ๐ ๐๐๐ซ๐ค๐๐ญ:
https://www.polarismarketresearch.com/industry-analysis/financial-wellness-software-market
๐๐ฆ๐ฆ๐๐ซ๐ฌ๐ข๐ฏ๐ ๐๐ง๐ญ๐๐ซ๐ญ๐๐ข๐ง๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ:
https://www.polarismarketresearch.com/industry-analysis/immersive-entertainment-market
๐๐๐ ๐.๐ ๐๐๐ซ๐ค๐๐ญ:
https://www.polarismarketresearch.com/industry-analysis/web-3-0-market
๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ ๐๐๐๐ซ๐๐ญ๐๐ซ๐ข๐๐ฅ ๐๐๐ซ๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ:
https://www.polarismarketresearch.com/industry-analysis/corporate-secretarial-services-market
๐๐ง๐ญ๐๐ซ๐ฉ๐ซ๐ข๐ฌ๐ ๐ ๐ข๐ฅ๐ ๐๐ฒ๐ง๐๐ก๐ซ๐จ๐ง๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ก๐๐ซ๐ข๐ง๐ (๐๐ ๐๐) ๐๐๐ซ๐ค๐๐ญ:
https://www.polarismarketresearch.com/industry-analysis/enterprise-file-synchronization-and-sharing-efss-market
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ง๐๐จ:
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New York City, NY 10005,
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Email: sales@polarismarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.
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