Asia Pacific Electric Vehicle Market Projected to reach USD 404.7 billion by 2030
The Asia Pacific Electric Vehicle Market is expected to grow from USD 218.8 billion to USD 404.7 billion by 2030, at a CAGR of 8.1%. The market in Asia Pacific region is led by growing dominance in China, and increasing demand for passenger EVs in South Korea, India, Japan and south east Asian countries such as Thailand, Indonesia, Malaysia and Vietnam. EV sales in China peaked near 50% share of the...
EV Battery Market Size Projected to Hit $508.8 Billion by 2033 as Demand for Electric Vehicles Soars
The EV battery market size is poised for substantial growth, with projections estimating it will reach $508.8 billion by 2033. This growth is driven by the rapid adoption of electric vehicles (EVs) as governments and consumers alike seek sustainable, eco-friendly alternatives to traditional gasoline-powered vehicles. As the demand for EVs rises, so does the need for efficient, reliable, and high-capacity...
EV Cables Market Size, Share, Growth & Forecast 2028
The Global EV Cables Market Size is projected to grow at a CAGR of 17.2% from USD 8.6 billion in 2023 to USD 19.0 billion by 2028
The major factors driving the growth of the EV cable market are increasing fuel prices that have increased the demand for electric vehicles. Also, heavy R&D activities by EV cable manufacturers to develop EV cables for automobiles are expected to push the growth...