Global Electric Vehicle Market Report
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The electric vehicle (EV) market is projected to show strong growth of 23.5% to % in 2028 between 2019 and 2028. Growing concerns about urban air pollution are one of the main drivers behind the growth of the EV market. Traditional fuel vehicles are a major cause of air pollution. Government agencies are being forced to impose strict rules and regulations on automakers to limit vehicle emissions. Electric vehicles can reduce their reliance on petroleum-based fuels and significantly reduce greenhouse gas emissions. Governments in several economies are also actively involved in promoting EV sales by focusing on providing EV sales subsidies to their customers.

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