Ev Market Growth
Renewable energy and ev boom drive demand.
Ev market growth. The base year for the report is 2018 and the forecast period is from 2019 to 2030. The negative sentiment centers around predicted changes in the chinese market and tesla s financials. Growing application in e mobility will be one of the key factors driving the growth of copper foils globally. Popular all electric models.
The electric vehicles market is projected to reach 26 951 318 units by 2030 from an estimated 3 269 671 units in 2019 at a cagr of 21 1 during the forecast period. A new study by esomar certified market research firm further reveals that global copper foil sales will grow at 7 4 cagr through 2030. The electric vehicle market has witnessed rapid evolution with the ongoing developments in automotive sector. However there s been a fair amount of negative press recently about the ev market and its growth path.
The world s leading electric vehicle market norway has seen another month of record market share growth in may resulting in 66 share up from 47 a year ago. Increasing government rules and initiatives for controlling carbon emission and increasing demand of electric vehicles are promoting the market growth over.