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Electric Vehicle Market - Overall Industry Analysis 2025

Jan 2018 | Report Code : SE 18530 | Sector : Semiconductor and Electronics

Electric Vehicle Market - Overall Industry Analysis 2025

Progressive Markets published a report, Electric Vehicle Market Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025, which says that the electric vehicle market is expected to grow $ 152,488 million at a CAGR of 5.76% during the forecast period, 2018 - 2025.

Electric vehicles came into existence in the mid-19th century. Making use of one or more electric motors for propulsion, they are either partially or fully dependent on electricity for power generation. The electricity used in the vehicle can come from an electric power grid or be produced onboard. Electric vehicles are powered either by a collector system via electricity from charging station deployments or can be charged by self-charging devices such as regenerative braking systems, turbochargers, etc. Some examples of electric vehicles include electric cars, electric trains, electric submarines, and electric aircrafts.

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