ELECTRIC VEHICLES MARKET SIZE TO GROW AT A CAGR OF 27.19% DURING THE FORECAST PERIOD 2021-2026
Increase in Demand for Fuel-efficient and Low Emission Vehicles Driving the Growth of Electric Vehicle Market. Electric Vehicle Market size is valued at USD 171.35 billion in 2020 and is expected to reach a value of USD 726.14 billion by 2026 at a CAGR of 27.19% during the forecast period 2021-2026. Plug-in Hybrid Electric Vehicles is modern electric propulsion, consisting of electric machines, power electronic converters, electric energy sources such as fuel cells and storage devices, and electronic controllers.











