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The global vehicle electrification market size reached US$ 91.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 162.0 Billion by 2032, exhibiting a growth rate (CAGR) of 6.4% during 2024-2032.
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The global Vehicle Electrification Market was estimated at USD 96.2 billion in 2021 and is anticipated to reach around USD 135.1 billion by 2030, growing at a CAGR of roughly 12.1% between 2022 and 2030.

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