Zero emission vehicle market projected to surge, with a significant expansion from $219.6 billion in 2023 to $515.42 billion by 2027, driven by rising fuel prices and increasing environmental awareness. Asia-Pacific region experiences notable acceleration. Product innovation, including electric trucks and significant acquisitions, is a prominent trend. The electric car rental market is also poised for significant growth, with projected valuations reaching $20.07 billion by 2028. Additionally, South Korea's electric bus market is set for continued growth, driven by government initiatives and advancements in battery technology. The UAE electric commercial vehicle market is experiencing significant growth, fueled by government support and strategic partnerships.

Electric Vehicle Market Surges