Electric Cars Market Projected to Offer Substantial Growth Opportunities, Reaching $968.33 Billion by 2030
What Is the Forecasted Market Size of the Electric Cars Market by 2030? The electric cars market size has grown rapidly in recent years. It will grow from $546.1 billion in 2025 to $614.92 billion in 2026 at a compound annual growth rate (CAGR) of 12.6%. The growth in the historic period can be attributed to emission regulations, rising fuel prices, government EV incentives, early consumer adoption, advancements in lithium-ion batteries. The electric cars market size is expected to see rapid growth in the next few years. It will grow to $968.33 billion in 2030 at a compound annual growth rate (CAGR) of 12.0%. The growth in the forecast period can be attributed to next-generation battery chemistries, mass-market EV affordability, autonomous driving integration, global charging infrastructure rollout, zero-emission mandates. Major trends in the forecast period include rapid shift toward battery electric vehicles, expansion of fast charging networks, growing adopt...