Electric Vehicle Market size valued USD 267.23 billion in 2021 and expected to reach 1318.24 billion by 2028, at a CAGR of 25.2% during 2022-2028. Rising concerns over environment protection, huge investments made by automakers in electric vehicles and surging demand for high performance, fuel efficiency vehicles are some of the key factors propelling the market growth. However, huge manufacturing costs involved in manufacturing electric vehicles is hindering the market growth. One of the primary factors driving the market’s growth is the growing demand for fuel-efficient automobiles around the world. Additionally, growing worries about the negative environmental effects of greenhouse gas (GHG) emissions, as well as the implementation of favourable government policies encouraging sustainable development, are boosting market growth. The report studies global electric vehicle market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).