Global Electric Vehicle Market to surpass US$ 419 Billion by 2024
- 6 years ago
Access full Report:
https://www.renub.com/global-electric-vehicles-market-and-volume-plug-in-battery-hybrid-fuel-cell-motors-852-p.php
Global electric vehicle market is expected to surpass US$ 419 Billion by the end of year 2024. Several governments across the globe are promoting electric vehicle to a large extent and providing decent subsidies to boost the production level of EVs. Policies also target zero emission vehicles as a green technology. EVs are massively supported by the government in the consideration of climate change also to mitigate the carbon emission that is one of the big global concerns.
The key factors that reinforce electric vehicle market to expand are: 1) decreasing cost of EVs Batteries in the form of cell pack batteries. 2) Increasing public and private charging technology and infrastructure 3) Government across the world support EVs because of environmental friendly 4) EVs manufacturer get subsidies from government and several economic benefits
https://www.renub.com/global-electric-vehicles-market-and-volume-plug-in-battery-hybrid-fuel-cell-motors-852-p.php
Global electric vehicle market is expected to surpass US$ 419 Billion by the end of year 2024. Several governments across the globe are promoting electric vehicle to a large extent and providing decent subsidies to boost the production level of EVs. Policies also target zero emission vehicles as a green technology. EVs are massively supported by the government in the consideration of climate change also to mitigate the carbon emission that is one of the big global concerns.
The key factors that reinforce electric vehicle market to expand are: 1) decreasing cost of EVs Batteries in the form of cell pack batteries. 2) Increasing public and private charging technology and infrastructure 3) Government across the world support EVs because of environmental friendly 4) EVs manufacturer get subsidies from government and several economic benefits