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Electric Vehicle Market Is Expected To Reach $1,212.1 Billion By 2027 | Grand View Research, Inc.


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According to a report published by Grand View Research, the market is witnessing growth owing to the technical developments in EV charging and significant investment from automakers in EVs along with the initiatives taken by the governments of several countries across the globe promoting the usage of Electric Vehicles.
The global 
electric vehicle market demand is expected to reach $1,212.1 billion by 2027, expanding at a CAGR of 38.1% over the forecast period, according to a study conducted by Grand View Research, Inc. The market is driven by initiatives taken by governments of various countries to promote the manufacturing of Electric Vehicles (EVs). For instance, the Electric Vehicles Initiative (EVI), a multi-government forum, aims at increasing the adoption of EVs globally. The Electric Vehicles Initiative (EVI) is a multi-government policy forum committed to speeding up the worldwide ....

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