The Role of Technology and Innovation in the Vehicle Electrification Market Boom
The vehicle electrification market is on a powerful growth trajectory, with its global value reaching USD 97.3 billion in 2024. According to IMARC Group, this momentum is set to continue, with the market projected to hit USD 166.8 billion by 2033, growing at a CAGR of 6.2% from 2025 to 2033. Key drivers fueling this expansion include stricter environmental regulations, rapid advancements in battery and autonomous driving technologies, increased consumer awareness around sustainability, and strong government support through incentives. Visit us- https://www.imarcgroup.com/veh....icle-electrification