The global automotive V2X market is estimated to be USD 700.0 million in 2020 and is further expected to witness CAGR of 40.0% during the forecast period.

Electric Vehicle (EV) and Electric Vehicle (EV) Infrastructure market size is estimated to reach 3.5 million units in 2020. The EV and EV infrastructure market is primarily driven by strong government intent towards its pledge to reduce air pollution through favorable policies, tax rebates, and subsidies. Moreover, advancements in the technology is helping in substantial cost cuts. This will increase its affordability to the people of lower section of the society in the developing world.

The global electric bus charging station market is projected to reach USD 11.4 billion by 2024, registering a CAGR of 9.5% during the forecast period. Increasing adoption of electric buses in public transportation system, supporting government initiatives and schemes, and growing investment towards charging station infrastructure are the major factors leading to the growth of the global electric bus charging station market.

The Asian electric three-wheeler market is predicted to grow at 11.6% CAGR during the forecast period with its fleet size reaching 16.3 million units by 2024.

The Asian electric two-wheeler market is predicted to grow at 7.0% CAGR during the forecast period with its fleet size reaching 59.3 million units by 2024. The Asian market is primarily driven by government support and initiatives for electric vehicles, increasing awareness for curbing vehicular emissions.

The Indian electric three-wheeler market is predicted to grow at 45.2% CAGR during the forecast period due to government support and subsidies, an entrance of new entrants in the market and the need for the alternative transport system to curb vehicular emissions.

The European electric bus charging station market is projected to reach USD 581.9 million by 2024, registering a CAGR of 17.4% during the forecast period. Supporting government initiatives and schemes, and growing investment towards charging station infrastructure are the major factors leading to the growth of the European electric bus charging station market.

The European electric bus market is projected to reach USD 11,866 Units by 2024, registering a CAGR of 32.9% during the forecast period. Government support for electric vehicles, increasing the need to reduce greenhouse gas emission, and advancement in technology, propelling the growth of the market.

The global electric vehicle component market is expected to grow at a CAGR of 32.3% during the forecast period with its market size predicted to reach USD 119.9 billion by 2024. Global electric vehicle component market has been driven by several key factors, including government support for electric vehicle adoption, increasing need to reduce greenhouse gas emission, and reducing cost of components.