Electric Passenger Car Components Market Driving Tomorrow's Mobility with 8.32% CAGR Forecast
According to TechSci Research report, “ Electric Passenger Car Components Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Electric Passenger Car Components Market stood at USD 152.83 billion in 2022 and is anticipated to grow with a CAGR of 8.32% in the forecast period, 2024-2028. The Global Electric Passenger Car Components Market is undergoing a remarkable transformation, driven by a paradigm shift towards cleaner and more sustainable transportation. A confluence of factors has propelled the growth of this market, with environmental concerns at the forefront. Stringent emissions regulations and government incentives worldwide have incentivized automakers to invest heavily in electric vehicle (EV) technology, catalyzing the market's expansion. One of the pivotal components powering this growth is the ongoing advancements in battery technology. Lithium-ion batteries, in particular, ha...