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Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled
"Electric Vehicle Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2021-2028"
LOS ANGELES, July 20, 2021 (GLOBE NEWSWIRE) -- The
Global Electric Vehicle Market is expected to grow at a CAGR of around 23.2% from 2021 to 2028
The Asia Pacific region will dominate the electric vehicle market. Among APAC provinces, China stands out as one of the most successful in increasing EV production and sales. According to EV volumes, China accounted for more than half of the world's electric car market in 2019, with nearly 1.2 million electric vehicles sold. According to the China Electric Vehicle Charging Infrastructure Promotion Alliance, as of the end of 2019, China had built over 516 thousand public EV charging outlets, a 56% increase from the end of 2018