According to GMI Research report, “Global Electric Vehicle Market By Component and By Geography – Opportunities & Forecast 2016–2024”, the global electric vehicle market was estimated to be USD 103.2 billion in 2016 and is projected to reach USD 480.1 billion by the end of 2024, exhibiting a CAGR of 21.2% during the forecast period. The major reasons stimulating the market growth are favorable government policies and regulations, rise in demand for environment friendly vehicles by the consumers 更多
