Electric Passenger Car Market to Surpass USD 2.15 Trillion by 2032, Driven by EV Adoption and Sustainability Goals
The Electric Passenger Car market is witnessing exponential growth as governments, automakers, and consumers accelerate the shift toward sustainable mobility. The global electric passenger car market was valued at USD 418 billion in 2024 and is projected to reach USD 2.15 trillion by 2032, expanding at a CAGR of 22.7% during the forecast period.
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