The global vehicle electrification market was valued at USD 89.26 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 9.9% from 2023 to 2030. This anticipated growth is largely driven by the automotive sector's shift towards alternatives to petroleum-based fuels, as well as government initiatives promoting environmentally sustainable transportation...

The global vehicle electrification market was valued at USD 89.26 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 9.9% from 2023 to 2030. The growth of this market is largely driven by the automotive industry's increasing demand for alternatives to petroleum-based fuels and the growing government initiatives aimed at promoting environmentally...

Vehicle Electrification Market: According to MRFR analysis, the vehicle electrification market was valued at USD 79.35 billion in 2023. It is expected to grow steadily, reaching USD 84.95 billion in 2024 and climbing to approximately USD 180 billion by 2035. This represents a compound annual growth rate (CAGR) of about 7.06% during the forecast period from 2025 to 2035. Vehicle electrification...

Vehicle Electrification Industry The global vehicle electrification market size is expected to reach USD 187.13 billion by 2030, registering a CAGR of 9.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is witnessing tremendous growth owing to several benefits such as reduced vehicle weight, higher fuel efficiency, improved driving comfort, and safety...

Vehicle Electrification Industry The global vehicle electrification market size was valued at USD 89.26 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.9% from 2023 to 2030. The market is expected to grow significantly due to the automotive industry's demand for alternatives to petroleum-based fuel and government initiatives for environmentally sustainable...