Electric Car Market Set To Soar Past Usd 2258.12 Billion By 2031 As Revealed In New Report

The global Electric Car market is expected to reach a value of USD 2258.12 billion by 2031 with a CAGR of 24.6% in the forecast period (2024-2031). The market is driven by factors such as increasing demand for mobile devices, advancements in AI and machine learning, and growing popularity of electric SUVs and crossovers.