20 May 2024
20 May 2024
With the global shift towards electrification, electric light-duty pickups will enter more markets
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Per GlobalData's latest report, the EV market volume was 24.8 million units in 2023 and is expected to grow at a CAGR of >10% by 2031. Rising environmental concerns and consumer preferences for clean mobility coupled with supportive government policies to promote the usage of eco-friendly transportation are expected to significantly boost the adoption of EVs.
Per GlobalData's latest report, the EV market volume was 24.8 million units in 2023 and is expected to grow at a CAGR of >10% by 2031. Rising environmental concerns and consumer preferences for clean mobility coupled with supportive government policies to promote the usage of eco-friendly transportation are expected to significantly boost the adoption of EVs.
Per GlobalData's latest report, the EV market volume was 24.8 million units in 2023 and is expected to grow at a CAGR of >10% by 2031. Rising environmental concerns and consumer preferences for clean mobility coupled with supportive government policies to promote the usage of eco-friendly transportation are expected to significantly boost the adoption of EVs.
Per GlobalData's latest report, the EV market volume was 24.8 million units in 2023 and is expected to grow at a CAGR of >10% by 2031. Rising environmental concerns and consumer preferences for clean mobility coupled with supportive government policies to promote the usage of eco-friendly transportation are expected to significantly boost the adoption of EVs.
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