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...