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Electric Vehicle Market - Forecast(2021 - 2026)

‘Low Carbon Economy’ is a dynamic trend turning infectious across several sectors including automotive. Followed by an era of being examined as fringe technology, electric vehicles market owing to its implication as an alternative fuel transport, low-emission, rapid technological advancements, and effective interventions from federal bodies is amplifying. As per the evaluation from the International Energy Agency, the extent of electric vehicles running on the road will touch 125 million by 2030, leapfrogging from 3 million units recorded in 2017.[1] Hence, owing to changing consumer’s perception, volatile prices of conventional fuels, and tax rebates by government to uplift ecological concerns, the electric vehicles market's global volume touched 3.14 million units as of 2018. And, the market demand is estimated to progress with an ample scope of opportunities recorded in the form of a CAGR marked at 28.90% during the forecast period of 2019-2025. Electric Vehicles Market (EVM) O...

Electric Vehicle Market - Forecast(2021 - 2026)

 ‘Low Carbon Economy’ is a dynamic trend turning infectious across several sectors including automotive. Followed by an era of being examined as fringe technology, the electric vehicles market owing to its implication as an alternative fuel transport, low-emission, rapid technological advancements, and effective interventions from federal bodies is amplifying. As per the evaluation from the International Energy Agency, the extent of electric vehicles running on the road will touch 125 million by 2030, leapfrogging from 3 million units recorded in 2017.[1] Hence, owing to changing consumer’s perception, volatile prices of conventional fuels, and tax rebates by government to uplift ecological concerns, the electric vehicles market's global volume touched 3.14 million units as of 2018. And, the market demand is estimated to progress with an ample scope of opportunities recorded in the form of a CAGR marked at 28.90% during the forecast period of 2019-2025. Electric Vehicles Market (E...