''The Global Electric Vehicles Market size is estimated at USD 0.67 trillion in 2024, and is expected to reach USD 1.39 trillion by 2029, growing at a CAGR of 15.71% during the forecast period (2024-2029).
Largest Segment by Fuel Type - BEV : Technological enhancements, and charging infrastructure devlopment, stringent norms, incentives are making BEV the largest fuel type in global electric vehicle market.
Fastest-growing Segment by Fuel Type - FCEV : FCEV is the fastest-growing fuel type due to its zero emissions, increased economy, and quicker refueling times compared to other electric vehicles.
Largest Segment by Vehicle Type - Commercial Vehicles : Due to various governments' increasing sensitivity to a cleaner environment, there is expected to be an increase in demand for zero-emission vehicles during the projected period.
Fastest-growing Segment by Region - Africa : The Asia-Pacific region is predicted to have the quickest growth, with countries like China, and India leading the way in terms of innovation, technology, and the development of cutting-edge EVs.
Electric Vehicles (EVs) are transforming the global car and vehicle landscape, and Australia is no exception to this paradigm shift. As more Aussies opt for greener transportation, the surge in EV sales in the country offers a glimpse into a sustainable future for our roads.
The journey of electric vehicles (EVs) in Australia has been a fascinating one, marked by gradual growth and significant milestones. This blog aims to run through this history and detail the rise of electric vehicles in the Australian market
