The India electric vehicle market size was valued at USD 8.49 billion in 2024 and is projected to grow at a CAGR of 40.7% from 2025 to 2030
The India Commercial Vehicles Market is segmented by Vehicle Body Type (Buses, Heavy-duty Commercial Trucks, Light Commercial Pick-up Trucks, Light Commercial Vans) and by Propulsion Type (Hybrid and Electric Vehicles, ICE). The report offers market size in both market value in USD and market ...
India electric vehicles market is estimated to increase from US$23.3 Bn in 2024 to US$96.1 Bn by 2031. The market is projected to record a remarkable CAGR of 22% during the forecast period from 2024 to 2031. The Indian government’s initiative to boost the electric vehicle sale and product...
Electric Truck Market Analysis The Electric Truck Market size is estimated at 89.37 billion USD in 2025, and is expected to reach 226.8 billion USD by 2029, growing at a CAGR of 26.21% during the forecast period (2025-2029). The electric truck industry is experiencing significant ...
Electric Vehicle Market Size The global electric vehicle market size was estimated at USD 1,070.77 billion in 2023 and is anticipated to grow at a CAGR of 33.6% from 2024 to 2030. Government policies and incentives worldwide are accelerating the adoption of Electric Vehicles (EVs). Many countri...
Electric Vehicle Motor Market size to grow at a CAGR of 20.50% with Industry Analysis by Power Rating, Motor Type and Region- Forecast till 2030 | Robotic technology will boost demand for the EV motor industry.
regarding the use of electric vehicles in their respective countries, the demand for electric motors from the automotive industry has been rising in the transportation sector. This trend is set to be continued for several years down the lane and therefore drive the investments in the transportation...
Asia Pacific dominated the global market in 2021, owing to the presence of two highly populated countries: China and India. These countries are also the second and fifth largest economies in the world, respectively. China is one of the prominent producers of electric vehicles in Asia Pacific. ...
In addition, increase in initiatives for environmentally friendly vehicles & bikes and development of related infrastructure from the several governments such as India are anticipated to boost the growth of electric bike market in Asia-Pacific. Electric Bike Market By Region 2030 Asia-pacific North ...
What are the Main Reasons Driving Sales of Electric Vehicles Worldwide? “Prices of EV Batteries Significantly Declining” Over the last ten years, EV battery prices have been declining. Since EV batteries are among the most costly parts of an electric car, this has resulted in a drop in the...