Global Market Electric Vehicle is USD 801.76 Billion during the Forecast Period 2021-2027, BMW, Volv

Industryno106 Oct, 2021Business

The Asia Pacific market is expected to witness the fastest growth during the forecast period as the automotive industry in countries such as China, Japan, and South Korea is focused on innovation, technology, and the development of advanced electric vehicles. The increasing demand for reducing carbon emissions and developing more advanced and fast charging stations are expected to propel the growth of electric vehicles. BYD, BAIC, Chery, and SAIC, among others, are some of the key players in the Asia Pacific electric vehicle market. Some of the major players in the global electric vehicle market include Tesla, BMW, Volvo, Nissan Motor, Toyota, Hyundai, Volkswagen, Ford, BYD Auto, Honda, and Daimler.