Join date: Feb 2, 2022


The global electric mobility market size was valued at USD 125,057.3 million in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 21.6% from 2019 to 2025. Concerns regarding the continuously rising greenhouse gas and carbon footprint of the automotive and transportation industries are encouraging global and state-level regulatory bodies to deploy policies promoting the adoption of energy-efficient vehicles. Moreover, the growing adoption of Mobility-as-a-Service (Maas) and the continuously declining costs of high-capacity Li-Ion batteries, which, in turn, brings down the overall vehicle cost, are also driving the increased adoption of electric vehicle (EV).

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