NEW YORK, Feb. 17, 2023 /PRNewswire/ — According to Technavio, the global micro electric vehicle market size is estimated to grow by 1,542.22 thousand units from 2022 to 2027. The market is expected to grow at a CAGR of 8.02% during the forecast period. Moreover, the growth momentum will accelerate. North America will account for 47% of the market’s growth during the forecast period. The report includes historic market data from 2017 to 2021. In 2017, the micro electric vehicle market was valued at 2,700.02 thousand units. COVID-19 had the most negative impact on the global automotive industry in recent years, resulting in a steep fall in demand and a large-scale disruption of the supply chain. It has exerted intense pressure on an already-stressed global automotive market. Yet, there are high predictions that few countries are bringing manufacturing facilities and production back on track, indicating that the supply side is on a restoration line. For more insights on the market size, request a sample report
