Noida, Feb. 10, 2021 (GLOBE NEWSWIRE) — According to BlueWeave Consulting, the global market for electric vehicle market should grow from USD 121.8 billion in 2020 to USD 236.3 billion by 2027, with a CAGR of 10.6% during the forecast period (2021–2027). In the present scenario, the rapid growth of the electric vehicle market has ceased or at least paused temporarily. However, in comparison to other regions, Europe has seen the strongest growth in electric vehicles.