Energy & Green Renewable Technology Market News

Global electric vehicles market to reach USD 346.3 billion by 2024 according to new research report

Energy Market Research

The global electric vehicles market accounted for USD 118.4 billion in 2016 and is expected to reach USD 346.3 billion by the end of forecast period i.e. 2024.


According to Goldstein Research, global Electric vehicles market is expected to reach USD 346.3 billion by the end of 2024 from USD 118.4 billion in 2016, growing at a CAGR of 14.3%. The growing concerns towards sustainability decreased carbon emissions and clean energy sources are the major driving factors for the adoption of electric vehicles.

Global Electric vehicles market Make an Inquiry about this news segmentation has been done on the basis of technology type, vehicle type and geography. Adaption of electric two-wheeler has gained major market share over the past few years and has been successful to curb carbon emissions.