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Global Electric Car Market – Industry Size & Forecasts 2024-2032

The global electric car market size was worth around USD 387.41 billion in 2023 and is predicted to grow to around USD 1210.98 billion by 2032 with a compound annual growth rate (CAGR) of roughly 13.50% between 2024 and 2032.

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This report conducts an analysis and estimation of the global, regional, and national electric vehicle markets. The research study presents historical data spanning from 2018 to 2022, in addition to a revenue (in billions of USD)-based forecast for the years 2024 to 2032. An evaluation of the electric vehicle market offers comprehensive insights into the factors that propel and impede the market, as well as an analysis of their global repercussions.

The report provides a comprehensive examination of the tactics implemented by prominent contenders within the electric vehicle industry. The competitive landscape of the electric vehicle market is also evaluated through the application of Porter’s Five Forces framework. The research study includes a comprehensive market attractiveness analysis, which compares the market size and growth rate of technology, battery, product, end-user, and regional segments.

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The Global Electric Car Market is segmented based on product, application and region

Global Electric Car Market: Product Segment Analysis

● Hatchback
● Sedan
● Others

Global Electric Car Market: Application Segment Analysis

● Shared Mobility Providers
● Government Organizations
● Personal Users
● Others

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The global Electric Car market profiles key players such as:

● Tesla Inc.
● Daimler AG
● Bayerische Motoren Werke AG
● Toyota Motor Corporation
● Volkswagen AG
● Ford Motor
● BYD Auto Co. Ltd.
● Nissan Motor Co. Ltd.
● Energica Motor Company S.p.A.
● General Motors

The regional segmentation for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe includes historical, current, and projected demand. The regional segment is additionally subdivided into, among others, the United States, Canada, Mexico, the United Kingdom, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina.

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