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Electric Vehicle Market Accelerates Toward USD 1 Trillion by 2032
The Electric Vehicle Market was valued at US$ 8.79 billion in 2024 and is projected to reach US$ 105.04 billion by 2032, expanding at a CAGR of 36.4% during the forecast period 2025–2032. Electric vehicles utilize one or more electric motors powered by rechargeable batteries, representing a major shift toward sustainable mobility. They offer significant advantages such as reduced...
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