Zero Emission Vehicle Market Rising Growth 23% by 2030
The zero emission vehicle market is expected to register growth at a CAGR of 23% from 2023 to 2030 and is projected to reach around US$ 305.92 billion by 2030. A zero-emissions vehicle is a vehicle that never emits exhaust gas from the onboard source of power; generally refers to electric vehicles. Zero Emission Vehicles (ZEVs) are vital for addressing climate change and improving the efficiency of vehicle fleets as they produce lower GHG emissions than conventional fossil fuel vehicles. Each electric vehicle that displaces a conventional car saves approximately 1.