Electric Vehicles Today - Global Growth Surge in Sustainable Transportation Markets

The global electric vehicle and charging infrastructure market is anticipated to grow annually by 14.6%, reaching $650.32 billion by 2025. According to a detailed report, this market experienced robust growth with a CAGR of 18.2% from 2020-2024 and is projected to continue an upward trajectory with a 11.5% CAGR through 2029. The comprehensive analysis provides insights into market dynamics, opportunities, and risks across multiple regions, covering over 50 key performance indicators. This data-centric approach aids in understanding the current landscape and the future potential of electric vehicles and their supporting infrastructure worldwide.

In other market news, Lucid Group (NasdaqGS:LCID) was a standout up 36.2% and finishing the session at $3.12. This week, Lucid partnered with Uber to develop a premium global robotaxi program featuring scalable Level 4 autonomy. Meanwhile, Sungrow Power Supply (SZSE:300274) lagged, down 2.5% to end trading at CN¥72.26.

With immediate gains unlikely as analysts indicate a fair valuation, explore Lucid Group's strategic moves and market dynamics by clicking here.

Check out our Market Insights article, "Opportunities In The Turbulent Transition To Greener Energy," highlighting critical EV-related infrastructure demands amidst a volatile market evolution. Don't miss out!

Best EV Stocks

• BYD (SEHK:1211) ended the day at HK$126.40 up 2.1%.
• Tesla (NasdaqGS:TSLA) ended the day at $319.41 down 0.7%.

Key Takeaways

• Click through to start exploring the rest of the 58 EV Stocks including Chongqing Qianli Technology, Sumitomo Electric Industries and Niterra now.
• Ready For A Different Approach? The end of cancer? These 25 emerging AI stocks are developing tech that will allow early idenification of life changing disesaes like cancer and Alzheimer's.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "Electric Vehicle and Charging Infrastructure Global Market Report 2025-2029, with 50+ KPIs Across 20+ Countries" from Research and Markets on GlobeNewswire (published 17 July 2025)

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