Cars

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The Cars market is undergoing a fundamental transformation, shifting from internal combustion engines (ICE) toward electrification (Battery Electric Vehicles – BEVs and Plug-in Hybrid Electric Vehicles – PHEVs). Key trends include the integration of advanced technologies known as CASE (Connected, Autonomous, Shared, and Electric), which is reshaping vehicle architecture and ownership models.

Global Cars Market size was approximately $2.75 trillion in 2025. It is projected to reach around $3.26 trillion by 2030, reflecting a moderate Compound Annual Growth Rate (CAGR) of about 3.46% for the overall market. The faster-growing electric vehicle (EV) segment is expected to advance at a CAGR of 6.85% to 2030, indicating a strong internal shift toward electric powertrains.

CSTM






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