Vehicle Electrification Industry Forecasted to Expand at a CAGR of 8.4%, Surpassing USD 205 Billion by 2034 | Future Market Insights, Inc.

German carmakers, led by the Volkswagen Group, are making significant strides in the electric vehicle (EV) market with plans to invest over USD 45 billion in the next three years to drive technological advancements and strengthen the sector. This push is further supported by a recent government initiative, with the country’s prime minister announcing a 50% increase in EV subsidies, encouraging consumers to choose electric over traditional vehicles.NEWARK, Del, Jan. 09, 2025 (GLOBE NEWSWIRE) -- The global ve ...