North America Electric Passenger Car Market Unveiling Unprecedented Growth
According to TechSci Research report, “ North America Electric Passenger Car Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the North America Electric Passenger Car Market stood at USD 24 Billion in 2022 and is anticipated to grow with a CAGR of 12.08% in the forecast period, 2024-2028. The North America Electric Passenger Car Market is being driven by several key factors. Firstly, there is a growing awareness of the importance of environmental sustainability, which has led to an increased demand for electric vehicles. As society becomes more conscious of the need to reduce carbon emissions and combat climate change, the popularity of electric cars continues to rise. Additionally, government incentives and policies promoting the adoption of electric vehicles have played a significant role in driving market growth. Governments at various levels have implemented measures such as tax credits, subsidies, and grants to ...