Electric Mobility Market - Strategic Developments & Key Insights

 The global electric mobility market size was estimated at USD 109.23 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 14.6% from 2023 to 2030. The increasing concentration of greenhouse gases harming the environment and the extensive rise in carbon footprint is anticipated to drive the adoption of electric mobility over the forecast period. Stringent emission norms by the government agencies such as emission standards for greenhouse gas (GHG) emissions by the U.S. Environmental Protection Agency (EPA), BS-VI in India, and China VI are driving the market growth for electric mobility.

Recent Development

•            December 2021: Volkswagen will increase the use of electric vehicles In December 2021, the Volkswagen Group pledged to increase the use of electric vehicles by 50% to US$59 billion by 2026.

•            In November 2021, Nissan announced it would invest US$18 billion in electric vehicle battery development over five years. The company is actively investing in the development of energy-efficient batteries.

 

Read More- https://medium.com/@nikitastalwartresearchinsights/electric-mobility-market-strategic-developments-key-insights-d01bb9284558

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