Global Electric Vehicle market likely to reach $2,108 billion by 2033 as consumer demand eyes sustainability

| 28 Sept 2024 7:10 PM IST

Global EV market likely to reach $2,108 billion by 2033 as consumer demand eyes sustainability

The global electric vehicle (EV) market, which is valued at $255 billion as of 2023, is expected to reach $2,108 billion by 2033, reported the news agency ANI, citing an Axis Securities report on Saturday, September 28. The growth will be fueled by a compound annual growth rate (CAGR) of 23 per cent from 2024 to 2033, reflecting the increase in global demand for sustainable mobility solutions, as per the report.

Tags: Electric Vehicle

Categories: National Technology

Vidya

Vidya is a talented author and expert in visual journalism, specializing in the creation of impactful infographics. At Newsographics, she transforms complex data into visually engaging news articles that capture audience attention. With a strong background in design and journalism, Vidya advocates for the use of infographics to enhance understanding and accessibility of information, making her a significant voice in modern media practices.