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Global Electric Vehicle Market Revenues Are Expected to Exceed $800 Billion By 2027


Global Electric Vehicle Market Revenues Are Expected to Exceed $800 Billion By 2027
Financialnewsmedia.com News Commentary
PALM BEACH, Fla., March 16, 2021 /PRNewswire/ The global market for EVs has been growing consistently over the last few years along with a rapid growth in popularity with consumers, and expectations for the next several years are projected to grow at an even more substantial rate as to both number of vehicles and resulting revenues. The electric vehicles market has witnessed rapid evolution and is projected to achieve continued growth in the coming years. Favorable government policies and support in terms of subsidies and grants, tax rebates and other non-financial benefits in the form of car pool lane access, and new car registration (specifically in China where ICE engine new car registration are banned in some urban areas) the increasing vehicle range, better availability of charging infrastructure and proactive participation by automotive OEMs w ....

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