EV market in US: How much is projected US electric vehicle market size in 2028,Musk

The electrical vehicle (EV) market is growing rapidly in America, the country with the highest GDP in the world.

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United States America is the third largest country in the world in the production of electric vehicles

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America is taking rapid steps to accelerate the development, production, transition of electric vehicles

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Due to the global pandemic of Covid-19, there was a decrease in the production of EV market in the whole world including America.

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But now America is recovering rapidly from the bad economic situation caused by Covid-19.

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Do you know what is the projected size of the electric vehicle market of America in 2028

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The size of the US electric vehicle market in the year 2020 was about 24 billion dollars.

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According to a report by Fortune Business Insights, the electric vehicle market

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will grow at a CAGR of 25.4% during the period of 2021–2028.

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And the size of the electric vehicle market will reach $137.44 billion in 2028 from $28.25 billion in 2021

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Elon Musk's Tesla is emerging as the largest player in the development and production of electric vehicles in the US.

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