Electric Vehicle Maintenance Market Set for Remarkable Growth, Forecasts Significant Expansion - Global Long-term Forecast to 2028 and 2033 [Yahoo! Finance]
Toyota Motor Corporation (TM)
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Source: Yahoo! Finance
Dublin, Oct. 04, 2024 (GLOBE NEWSWIRE) -- The "Electric Vehicle Maintenance Market Report 2024" report has been added to ResearchAndMarkets.com's offering. The global electric vehicle maintenance market is experiencing a significant surge, expanding to a value of $13.41 billion in 2024, representing a compound annual growth rate of 13.6% from $11.81 billion in the previous year. This notable growth is attributed to favorable government incentives and stringent regulations that endorse electric vehicle adoption, an increased awareness of environmental issues, and technological progressions within the sector. Furthermore, stakeholders are leveraging the decreasing total cost of ownership and ongoing transformation in the automotive industry to fuel market progression. Analysts predict a robust growth trajectory for the electric vehicle maintenance market, with projections indicating an ascent to $22.45 billion by 2028, at a steady compound annual growth rate of 13.7%. This forecast
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