With the increasing transition towards low emission vehicles, as well as government subsidies for electric vehicle (EV) buyers, the global EV market is estimated to hit $802.81 billion by 2027, expanding at a CAGR of 22.6% during the forecast period.
However, year-to-date (YTD), the EV industry has been losing some ground, as evidenced by the Global X Autonomous & Electric Vehicles ETF (DRIV) 6% loss.
