Press release
Electric Vehicle (EV) Market to Garner $457.9 Billion by 2028 at 17.9% CAGR: Markets N research
The report "Electric Vehicle (EV) Market by Components (Battery Cells & Packs, On-Board Charge, Motor, Reducer, Fuel Stack, Power Control Unit, Battery Management System, Fuel Processor, Power Conditioner, Air Compressor, Humidifier), Vehicle Type (Passenger Cars, Commercial Vehicles), Vehicle Class (Low-priced, Mid-priced, Luxury), Top Speed (125 MPH), Vehicle Drive Type (Front Wheel Drive, Rear Wheel Drive, All Wheel Drive), Point Type (Normal Charging, Super Charging), Vehicle Connectivity (V2B or V2H, V2G, V2V, V2X), Propulsion (BEV, PHEV, FCEV), End Use (Private, Commercial Fleets) and Region (North America, Europe, APAC, RoW) - Global Forecast to 2028" The Electric Vehicle (EV) market is projected to grow from USD 170.5 billion in 2021 and is projected to reach USD 457.9 billion by 2028; it is expected to grow at a CAGR of 17.9% from 2021 to 2028. The main reasons propelling the electric vehicle market's growth include favorable government policies and regulations, growing environmental concerns, increasing expenditures by top automobile OEMs, declining battery prices, and improvements in charging technology.
Rear wheel drive category of the electric vehicle (EV) market to record the highest CAGR from 2022 to 2027
The rear-wheel drive category is expected to account for the highest CAGR of the EV market from 2022 to 2027. RWD EV demand is rising worldwide, especially in Asia-Pacific and Europe. This is because they are simple to manage, and there is a rising demand for these vehicles. These vehicles have also increased more quickly in North America, where the most popular models include the Tesla Model 3 Standard, BMW i3, Volkswagen ID4, Porsche Tycan, and others. The MEA will see the greatest increase in RWD EVs over the next ten years, followed by the Asia Pacific due to its younger market.
Read More @ https://marketsnresearch.com/report/1559/global-electric-vehicle-ev-market
Markets N Research
1016 W Jackson Blvd Chicago,
IL 60607 United States
Tel: +17736491529
Email: sales@marketsnresearch.com
Markets N Research team is comprised of well skilled and equipped personnel ready to concur any upcoming challenges in the market sector for both individual people and organization around the world. We know time is money, and therefore we ensure we solve your problem within the shortest time possible to prevent delays or missing any opportunities. We use globally accepted techniques with a little innovation from our staff in solving all your market research related challenges.
Rear wheel drive category of the electric vehicle (EV) market to record the highest CAGR from 2022 to 2027
The rear-wheel drive category is expected to account for the highest CAGR of the EV market from 2022 to 2027. RWD EV demand is rising worldwide, especially in Asia-Pacific and Europe. This is because they are simple to manage, and there is a rising demand for these vehicles. These vehicles have also increased more quickly in North America, where the most popular models include the Tesla Model 3 Standard, BMW i3, Volkswagen ID4, Porsche Tycan, and others. The MEA will see the greatest increase in RWD EVs over the next ten years, followed by the Asia Pacific due to its younger market.
Read More @ https://marketsnresearch.com/report/1559/global-electric-vehicle-ev-market
Markets N Research
1016 W Jackson Blvd Chicago,
IL 60607 United States
Tel: +17736491529
Email: sales@marketsnresearch.com
Markets N Research team is comprised of well skilled and equipped personnel ready to concur any upcoming challenges in the market sector for both individual people and organization around the world. We know time is money, and therefore we ensure we solve your problem within the shortest time possible to prevent delays or missing any opportunities. We use globally accepted techniques with a little innovation from our staff in solving all your market research related challenges.
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