Electric Vehicle Market : Global Opportunities & Forecast 2018-2025 Global Electric Vehicle Market Opportunities & For

Growing demand for the environment friendly vehicles is expected to
boost the growth of the electric vehicles market in coming years
Posted by Sarah Nash October 22, 2018 in Automotive,
Transportation & Logistics
According to GMI Research report, “Global Electric Vehicle Market by
Component– Opportunities & Forecast 2018–2025”, the global electric
vehicle components market was USD 124.9 billion in 2017 and is
projected to reach USD 583.5 billion by the end of 2025, exhibiting a
CAGR of 21.3% during the forecast period. The key factors driving
growth of the market are favourable government policies and
regulations, rise in demand for environment friendly vehicles by the
consumers and increased focus of OEM’s towards the development of
technologically advanced components.
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