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Future of Automotive industry worth 104 million units by 2030, at a CAGR of 2.4%

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Automotive industry

The automotive industry, encompassing PV, LCV, and MHCV, size is projected to grow from 88 million units in 2024 and is projected to hit 104 million units by 2030, at a CAGR of 2.4%. The growth of the automotive industry is influenced by various factors …

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Vehicle Electrification Market: Development and Trends 2020 to 2025

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Vehicle Electrification Market

The Vehicle Electrification Market is projected to grow at a CAGR of 11.9% to reach USD 129.6 billion by 2025 from USD 73.7 billion. The vehicle electrification market is expected to witness a significant downturn in 2020, largely attributed to a decline in vehicle production. …

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