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Electric Vehicle Market to Surpass USD 3.4 Trillion by 2035 as Battery Innovation and Strategic Alliances Accelerate Global Adoption
The global electric vehicle (EV) market is undergoing a transformative phase as governments, automakers, and consumers increasingly shift toward cleaner and more sustainable transportation alternatives. Valued at US$ 734.5 billion in 2024, the market is projected to reach US$ 3,410.6 billion by 2035, expanding at a robust CAGR of 16.1% from 2025 to 2035. This remarkable growth...
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