Market Overview
In 2024, the electric utility vehicle industry will generate a projected revenue of USD 20.7 billion, and it is expected to enlarge at a rate of 5.3% over the forecast period, attaining USD 28.3 billion by the end of the decade. This is primarily because of the growing need for zero-emission, or eco-friendly vehicles, for off-roading and goods transport.
With an improvement in...
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