Electric Vehicle (EV) Market to grow at a CAGR of 11.7%, Size,...

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2025-02-19 14:04:50

Electric Vehicle (EV) Market to grow at a CAGR of 11.7%, Size, Demand| IMR

Definition Electric vehicles (EVs) are automobiles powered entirely or partially by electricity. Unlike conventional vehicles that rely on internal combustion engines fueled by gasoline or diesel, EVs use electric motors powered by batteries or fuel cells. This shift towards electric mobility is driven by the need for sustainable transportation solutions that reduce greenhouse gas emissions,...

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