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Global Electric Vehicle Market Analysis by Segmentations, Growth Analysis, Business Development & Forecast 2023-2032

Global Electric Vehicle Market Analysis by Segmentations, Growth Analysis, Business Development & Forecast 2023-2032

The Electric Vehicle Global Market Report 2023, provides comprehensive information on the electric vehicle market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.


Learn More On The Electric Vehicle Market’s Growth:



As per The Business Research Company’s Electric Vehicle Global Market Report 2023, the global electric vehicle market size grew from $248.05 billion in 2022 to $316.19 billion in 2023 at a compound annual growth rate (CAGR) of 27.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The electric vehicle market size is expected to grow to $793.69 billion in 2027 at a CAGR of 25.9%.


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The electric vehicle market is segmented:

1) By Type: Battery Electric Vehicle, Plug-In Hybrid Electric Vehicle, Fuel Cell Electric Vehicle

2) By Vehicle Type: Two-Wheelers, Passenger Cars, Commercial Vehicles

3) By Charging Type: Slow Charging, Fast Charging

4) By Power Output: Less Than 100 kW, 100 kW To 250 kW, More Than 250 kW

5) By End Use: Private, Commercial Fleets


Asia-Pacific was the largest region in the electric vehicle market in 2022.


The table of contents in TBRC’s electric vehicle market report includes:

1. Executive Summary

2. Electric Vehicle Market Characteristics

3. Electric Vehicle Market Trends And Strategies

4. Electric Vehicle Market – Macro Economic Scenario

5. Electric Vehicle Market Size And Growth


26. Africa Electric Vehicle Market

27. Electric Vehicle Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Electric Vehicle Market

29. Electric Vehicle Market Future Outlook and Potential Analysis

30. Appendix


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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology, with 6500+ reports. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.


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