Electric Vehicle Market Growth CAGR 18% During 2023-2032 | Xcellent Insights The global electric vehicle market size was USD 384 billion in 2022 and is expected to register a CAGR of 18% during the forecast period. This growth can be significantly driven by rising global awareness of environmental issues such as pollution and climate change, rapid advancements in EV battery technology, and government incentives like tax credits and subsidies to promote the...