Electric Vehicle Market Size- KBV Research

The Global Electric Vehicle Market size is expected to reach $602.8 billion by 2025, rising at a market growth of 24.7% CAGR during the forecast period.


Electric Vehicle (EV) technology is gaining ground and popularity rapidly. With the depletion of oil reserves and a world characterized by smog, noise and all kinds of pollutants, governments and communities are awakenings to the several benefits of EV technology. Zero-emission vehicles are almost noiseless and can be charged at home or work, saving commuters endless queues at petrol stations. Charging at night when consumption is low, allows for efficient use of electricity. EVs are easier to service and maintain due to the absence of spark plugs, clutch, and gears. Ideal for "stop-start" city driving conditions, EVs are extremely reliable and easy to drive.


Full Report: https://www.kbvresearch.com/electric-vehicle-market/


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