Electric transporters market set to reach $108.9 billion by 2034 driven by fuel prices and environment

From GlobeNewswire: 2025-01-08 06:30:00

The electric transporters market is projected to reach USD 108.9 billion by 2034, driven by rising fuel prices and environmental concerns. In 2024, two-wheelers dominated with a 95% market share, expected to generate USD 103.5 billion by 2034. Lithium-ion batteries are forecasted to reach USD 78.5 billion by 2034, offering various chemistries to optimize performance.

China led the electric transporters market in 2024, holding a 65% share, with a focus on battery-swapping networks for commercial transporters. Automated swap stations allow vehicles to change batteries quickly, reducing operational downtime. Supported by government policies, China aims to build a national battery-swapping infrastructure to promote electric vehicle adoption.



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