Electric Passenger Car Market Forecast: Share, Trends, and Growth Analysis
The global electric passenger car market is on track for significant growth from 2024 to 2028. According to TechSci Research's report titled "Global Electric Passenger Car Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028," the market, valued at USD 370 billion in 2022, is anticipated to grow at a robust CAGR of 11.8%. This growth trajectory underscores the transformative shift towards sustainable mobility solutions, driven by various factors reshaping the automotive industry. Recent Trends and Drivers-Electric Passenger Car Market Recent years have seen a remarkable shift towards electric passenger cars, catalyzed by environmental concerns, regulatory support, technological advancements, and evolving consumer preferences. Environmental Awareness and Regulatory Landscape Global environmental awareness, particularly concerning climate change and air quality, has propelled the demand for eco-friendly transportat...