Market Overview The global electric vehicle market size was valued at USD 437.62 billion in 2024, exhibiting a CAGR of 12.5% from 2025 to 2034. The EV market has experienced remarkable growth in recent years. In 2024, global EV sales surpassed 17 million units, marking a more than 25% increase from the previous year. China maintained its leadership, accounting for over 11 million units, while...