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

All images source : Google

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

All images source : Google

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

All images source : Google

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

All images source : Google

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

All images source : Google

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

All images source : Google

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

All images source : Google

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

All images source : Google

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

All images source : Google

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

All images source : Google

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

All images source : Google