Vehicle Electrification Industry to Expand at a CAGR of 10.3%...

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2024-12-18 11:38:40 -

Vehicle Electrification Industry to Expand at a CAGR of 10.3% Through 2032

The global vehicle electrification industry is projected to grow at a robust compound annual growth rate (CAGR) of 10.3% from 2022 to 2032. Valued at USD 72 billion in 2021, the market’s growth is largely driven by the increasing focus on eco-friendly solutions in the automotive industry. Key factors contributing to this growth include rising fuel prices and a sharp increase in...

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