With 23% CAGR, global EV market to soar to USD 2108 billion by 2033: Report

The global electric vehicle market, valued at USD 255 billion in 2023, is projected to reach USD 2,108 billion by 2033. India's EV market could hit annual volumes of 10 million units by then, driven by government policies, new products, and technological advancements. Significant subsidies and infrastructure development are also planned to boost adoption.