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Global Electric Vehicles Market Research Report:

The latest report by IMARC, titled “ Electric Vehicles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 20232028

” the global electric vehicles market size reached 18.1 Million Units in 2022. Electric Vehicles (EVs) are automobiles powered by an electric motor instead of a gasoline engine. They include a battery or fuel cell to store energy that can be charged through self-charging devices, such as wireless inductive charging. Some other charging methods include solar panels, wind turbines, and other renewable energy sources. Propelled entirely by electricity, EVs emit no harmful emissions, making them an environmentally friendly alternative to traditional gasoline-powered cars. They also offer enhanced efficiency and convenience, lower running costs, and longer life span. Apart from this, they feature advanced safety features, including regenerative braking, lane departure warning, and adaptive cruise control, making them a safer option than conventional cars. Currently, they are available in various models, such as cars, trucks, motorcycles, scooters, and boats.

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