Product Description

What is The Market of E-Vehicle Industry?

The global electric vehicle marketwas valued at $162.34 billion in 2019, and is projected to reach $802.81billion by 2027, registering a CAGR of 22.6%.

Asia-Pacific was the highestrevenue contributor, accounting for $84.84 billion in 2019, and is estimated toreach $357.81 billion by 2027, with a CAGR of 20.1%.

North America is estimated toreach $194.20 billion by 2027, at a significant CAGR of 27.5%.

Asia-Pacific and Europecollectively accounted for around 74.8% share in 2019, with the formerconstituting around 52.3% share.

North America and Europe are expected towitness considerable CAGRs of 27.5% and 25.3%, respectively. The cumulativeshare of these two segments was 40.1% in 2019, and is anticipated to reach51.0% by 2027.