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Global Electric Car Market Size

Electric Car Market is valued at USD 250,360.54 Million in 2021, and it is projected attain market size of USD 900,921.86 Million by 2028, at a CAGR of 24.53% over the forecast period (2022-2028).

Swetachakraborty
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Global Electric Car Market Size

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  1. Global Electric Car Market Size, Share, Growth Analysis, By Type Hybrid Electric vehicle, By Vehicle Class By Speed By Vehicle Drive Type - Industry Forecast 2023-2030 Electric Car Market is valued at USD 250,360.54 Million in 2021, and it is projected attain market size of USD 900,921.86 Million by 2028, at a CAGR of 24.53% over the forecast period (2022-2028). In 2020, the general vehicle marketplace contracted however electric- powered vehicle sales bucked the trend, growing to 3 million and representing 4.1% of total vehicle sales. In 2021, electric-powered vehicle sales more than doubled to 6.6 million, representing nearly 9% of the worldwide vehicle marketplace and greater than tripling their marketplace proportion from years earlier. All the net increase in worldwide vehicle sales in 2021 came from electric-powered cars. The electric-powered car outperforms the traditional car offering better fuel economy, low carbon emission & maintenance. This in return enables a country to take steps to the reduction of carbon footprint, by signing a different agreement as Paris Agreement. The U.S. and European Union have issued standards, such as CAFÉ standards, for vehicle manufacturers to be mandatorily integrated into their vehicles. These all factors will enable the growth of electric vehicle sales in the future forecast period

  2. Global Electric Car Market Segmental Analysis The global electric car market is segmented based on Type, Vehicle Class, speed, vehicle drive type, and Region. Based on Type the is categorized into: Battery electric vehicle (BEV), Hybrid Electric vehicle (HEV), Fuel cell Electric vehicle (FCEV), and Plug-in Hybrid Electric Vehicle (PHEV). Based on vehicle class the Electric Car Market is categorized into: Mid-Priced vehicles and Luxurious cars. Based on speed, the Electric Car Market is segmented into More than 125MPH and Less than 125MPH. Based on vehicle drive type, the market is segmented into Front wheel drive, Rear wheel drive, and All wheel drive. Based on region the Electric Car Market is categorized into: North America, Europe, Asia-Pacific, South America, and MEA. View more @https://www.skyquestt.com/report/electric-car- market Electric Car Market Top Players Profiles •BMW AG (Germany) •BYD Company Limited (China) •Daimler AG (Germany) •Energica Motor Company (Italy) •Ford Motor (US) •General Motors (US) •Hyundai Motor Company (South Korea) •Karma Automotive (China) •Kia Corporation (South Korea) •Lucid Group Inc. (US) •Mahindra Electric Mobility Limited (India)

  3. •Nissan Motors Co., Ltd. (Japan) •Tata Motors (India) •Tesla, Inc. (US) •Toyota Motor Corporation (Japan) •Volkswagen AG (Germany) •WM Motor (China) •Xiaopeng Motors (China) About Us: SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally. Address: 1 Apache Way, Westford, Massachusetts 01886 Phone: USA (+1) 617-230-0741 Email: sales@skyquestt.com LinkedIn Facebook Twitter

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