Electric Vehicle Market Upcoming Trends and Competitive Outlook with Revenue $1,212.1 Billion By 2027 “The demand for the global electric vehicle market is projected to value at $1,212.1 billion by 2027, with a CAGR of 41.5 % from 2020 to 2027. The growth can be imputed to the number of government initiatives across the globe to promote the adoption and manufacturing of EVs. "
Global Electric vehicle Market study offers detail overview of industry with all the requisite data to support tactical business decisions and come up with strategic growth plans. This study also proposes a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures. Key Reasons to Purchase: • To gain insightful analyses of the market and have a comprehensive understanding of the global Electric vehicle market and its commercial landscape. • Assess the production processes, major issues, and solutions to mitigate the development risk. • To understand the most affecting driving and restraining forces in the Electric vehicle market and their impact in the global market. • Learn about the Electric vehicle market strategies that are being adopted by leading respective organizations. • To understand the outlook and prospects for the market. • Besides the standard structure reports, we also provide custom research according to specific requirements. The demand for the global electric vehicle market is projected to value at $1,212.1 billion by 2027, with a CAGR of 41.5 % from 2020 to 2027. The growth can be imputed to the number of government initiatives across the globe to promote the adoption and manufacturing of EVs. For example, the Electric Vehicles Initiative (EVI), which is a multi-government forum, focuses on promoting the purchase of electric vehicles globally. In the current scenario, there are around 13 countries as participants in the forum. The countries include China, Chile, U.K., Sweden, Germany, Canada, Norway, Finland, Netherlands, Japan, New Zealand, France, and India. Numerous programs and campaigns are held under the forum like EV30@30 in 2017, which plans for 11 countries to account for a minimum 30.0% sale of the new electric vehicles by 2030.
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