Electric Vehicle Outlook 2024 Pdf. The electric vehicles and fuel cell vehicles market was valued at usd 758 billion in 2024 and is expected to reach usd 1.77 trillion by 2029, rising at a cagr of. The electric vehicle (ev) market is growing rapidly, with vehicle and battery manufacturers committing to invest nearly $1.2 trillion globally in the.

Despite the discontinuation of many incentives that initially boosted the evolution and adoption of electric vehicles (evs) globally, the industry is on track to. According to the international energy agency (iea), the number of electric cars on the.