Electric Vehicle Market Size, Share, Trends, Forecast 2025 – 2033
The global Electric Vehicle (EV) market is poised to grow from USD 391.0 Billion in 2025 to USD 737.0 Billion by 2033, expanding at a CAGR of 8.6%. The transition from fossil fuel-based transportation to electric mobility is being driven by a combination of government policy mandates, environmental sustainability goals, and rapidly evolving battery technologies. Electrification is no longer confined to luxury passenger cars but extends to scooters, commercial trucks, buses, and even three-wheelers, especially in urban economies.