Electric Vehicle Market Size Projected to Reach $620.3 billion by 2030
The electric vehicle market size is experiencing rapid growth, driven by increasing environmental concerns and government initiatives promoting cleaner alternatives to traditional fuel-powered vehicles. This expansion is supported by advancements in battery technology, the development of charging infrastructure, and rising consumer demand for eco-friendly transportation options. Countries across Europe,...
Electric Powertrain Market Size, Share, Growth | Analysis [2030]
The electric powertrain Industry is projected to reach USD 230.5 billion by 2030 from USD 96.7 billion in 2023, at a CAGR of 13.2% from 2023 to 2030.
The electric powertrain market is driven by growing demand for electric vehicles which in turn is influenced by factors such as growing stringency in emission norms and government support in terms of tax exemptions & subsidies to promote electric...
Electric Bus Industry to Reach $37.5 Billion by 2030: Key Market Drivers and Trends
The global electric bus industry is projected to grow at a CAGR of 14.2% during the forecast period, from an estimated market size of USD 17.0billion in 2024 to USD 37.5 billion by 2030.
The growing demand for electric buses is driven by several factors, such as government initiatives, subsidies and tax exemptions for electric vehicle adoption, charging infrastructure, and advancements in battery...
Electric Light Commercial Vehicle Market Size, Share & trends [2030]
The global electric light commercial vehicle market size is projected to grow from 333.6 thousand units in 2022 to 3,919.3 thousand units by 2030, at a CAGR of 36.1%.
Factors such as rising demand for zero-emissions commuting and government support for low-emission vehicles through subsidies and tax breaks have resulted in automakers embracing EVs and the expansion of the electric light commercial...