The Booming Electric Vehicle Industry Report: Key Trends & Insights
The electric vehicle industry is growing rapidly, with industry revenue increasing 24.0% annually to reach $48.1 billion over the past 5 years. Government incentives and infrastructure funding are driving this growth, as well as a rise in demand for HEVs, EVs, PEVs, and PHEVs due to elevated fuel prices. With the government investing in the development of smaller and more affordable battery packs, the industry is expected to continue its upward trajectory, with revenue anticipated to rise 15.1% annually to $97.4 billion by 2028. Don’t miss out on this exciting industry, stay ahead of the curve with this comprehensive industry report.