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The EV market size is forecast to increase by USD 343.01 billion at a CAGR of 13.51% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for low-emission vehicles. This trend is driven by stringent regulations and decreasing prices of lithium-ion batteries, which are making eco-friendly vehicles more affordable and attractive to consumers. Adherence to regulatory standards and the rising interest in sustainable transportation solutions are pivotal factors fueling this expansion. The cost reduction of batteries is further bolstering market growth, enabling the widespread adoption of electric and hybrid vehicles. This transformative phase in automotive innovation addresses both environmental concerns and economic incentives for reducing emissions and enhancing energy efficiency. As consumers and governments prioritize sustainability, there is a notable shift toward cleaner technologies and mobility-as-a-service, revolutionizing the automotive industry on a global scale.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Charging
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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