© The Business Research Company. All Rights Reserved. Market Size, Trends and Global Forecast 2023-2032 Electric Vehicle Global Market Report 2023
Electric Vehicle Market Segments
The Business Research Company segments it’s electric vehicle market report as:
By Type
Battery Electric Vehicle, Plug-In Hybrid Electric Vehicle, Fuel Cell Electric Vehicle
Two-Wheelers, Passenger Cars, Commercial Vehicles By Vehicle Type
Slow Charging, Fast Charging By Charging Type
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ByByApplication
kW, 100 kW
kW,
Output
By End Use
Application Less Than 100
To 250
More Than 250 kW By Power
Private, Commercial Fleets
Market Statistics
The global electric vehicle market size grew from $248.05 billion in 2022 to $316.19 billion in 2023 at a compound annual growth rate (CAGR) of 27.5%. The electric vehicle market size is expected to grow to $793.69 billion in 2027 at a CAGR of 25.9%.
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248.05 316.19 793.69 2022 2023 2027
Global Electric Vehicle Market Size Forecast To 2032
Key Market Drivers And Trends
Drivers
Strict government regulations on vehicle emissions are expected to propel the growth of the electric vehicle market.
Trends
Technological advancements are the key trends gaining popularity in the electric vehicle market.
Region
Asia-Pacific was the largest region in the electric vehicle market in 2022. The regions covered in the electric vehicle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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Key Market Players
Major players in the electric vehicle market are:
▪ Volkswagen
▪ Ford Motor Company
▪ Toyota Motor Corporation
▪ General Motors Company
▪ BYD Company motors
▪ And more. Get More Information On The Electric Vehicle Market Report
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