The global electric vehicle and charging infrastructure market is anticipated to grow annually by 14.6%, reaching $650.32 billion by 2025. According to a detailed report, this market experienced robust growth with a CAGR of 18.2% from 2020-2024 and is projected to continue an upward trajectory with a 11.5% CAGR through 2029. The comprehensive analysis provides insights into market dynamics, opportunities, and risks across multiple regions, covering over 50 key performance indicators. This data-centric approach aids in understanding the current landscape and the future potential of electric vehicles and their supporting infrastructure worldwide.
In other market news, Lucid Group was a notable mover up 36.2% and ending trading at $3.12. This week, Lucid announced a premium robotaxi partnership with Uber, integrating advanced autonomous technology set to launch next year. Meanwhile, Sungrow Power Supply trailed, down 2.5% to end the day at CN¥72.26.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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Companies discussed in this article include NasdaqGS:LCID SEHK:1211 NasdaqGS:TSLA and SZSE:300274.