The global vehicle electrification market is expected to grow at an impressive compound annual growth rate (CAGR) of 10.3% from 2022 to 2032. Valued at USD 72 billion in 2021, the market is driven by a growing emphasis on eco-friendly alternatives in the automotive sector. Several factors contribute to the expansion of vehicle electrification, including …
Tag Archives: Vehicle Electrification Market Share
Vehicle Electrification Market Size 2022 Demand, Trends, Share, Growth, Company Profiles 2032
The vehicle electrification market is expected to grow significantly in the forthcoming years owing to the inclination of automotive and automobile manufacturers towards electrified vehicles and the growing emphasis given to environment-friendly alternatives in automobiles. Vehicle electrification is being adopted by various key players in the automobile industry such as Toyota. The vehicle electrification market …