Global Electric Vehicle Market | RationalStat Store - 101bookmark

Global Electric Vehicle Market | RationalStat Store

Global Electric Vehicle Market | RationalStat Store

Global Electric Vehicle Market | RationalStat Store

Categories : Uncategorized

The electric vehicle (EV) market is expected to show strong growth of 23.5% between 2019 and 2028. Growing concerns about urban air pollution are one of the main drivers behind the growth of the EV market. Traditional fuel vehicles are one of the leading causes of air pollution. Government agencies are being forced to impose strict rules and regulations on automakers to limit vehicle emissions. Electric vehicles can reduce their reliance on petroleum-based fuels and significantly reduce greenhouse gas emissions. Governments in several economies are also actively involved in promoting EV sales by focusing on providing EV sales subsidies to their customers.

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