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Electric Vehicle Dynamics and Developments by 2031

06-09-2025 08:33 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: The Insight Partners

The electric vehicle market is expected to reach US$ 618.75 billion by 2031 from US$ 386.11 billion in 2024; it is expected to record a CAGR of 14.5% during the forecast period.

Get a sample PDF - https://www.theinsightpartners.com/sample/TIPRE00004013?utm_source=OpenPR&utm_medium=10324

The EV market is expanding beyond the traditional passenger vehicle to various other segments, such as commercial vehicles (electric trucks, buses, delivery vans) and luxury electric vehicles. Increasingly, manufacturers are emphasizing the provision of electric models across a wider range of vehicle categories, from compact cars to SUVs and high-performance sports cars. This broadening of the appeal of EVs to different types of consumers, including fleet operators, businesses, and environmentally conscious buyers, is a trend.

Market Leaders

BMW Group
Volkswagen AG
Group Renault
Mercedes-Benz Group AG
General Motor Company
SAIC Motors
BYD Company Ltd.
Nissan Motor Corporation
Tesla
Toyota Motor Corporation

Contact Us:

If you have any queries about this report or if you would like further information, please

contact us:
Contact Person: Ankit Mathur
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876 "

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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