According to FMI estimations, the off-highway electric vehicle market size could be worth US$ 2.24 billion globally in 2023. Sales of off-highway electric vehicles are projected to reach a record high of US$ 8.36 billion by 2033, rising at a CAGR of 14.1% from 2023 to 2033.
Electric vehicles that are intended to be used off-road are known as off-highway electric...
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