Electric Vehicle (EV) Market in the US to Grow at a CAGR of 24.02% over Forecast Period 2015-2019
An EV is an automobile powered either by batteries or other energy storage devices. These vehicles offer the advantages of being environmentally friendly and energy efficient. US is considered to be one of the major consumers of EVs. Owing to rising environmental concerns and increasing greenhouse gas emissions, various state governments in the US are providing incentives for the adoption of EVs.
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