Projected value of the electric vehicle market worldwide 2021-2030
electric vehicle market forecast by Next Move Strategy Consulting, which includes vehicle types ranging from passenger cars to commercial vehicles and two-wheelers, projected the market to reach around 1.87 trillion U.S. dollars in 2030. Electric vehicles amounted to around 273.38 billion U.S. dollars in 2021 and were expected to have a compound annual growth rate of 24.37 percent between 2022 and 2030.
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