Market Size of russia electric cars Industry
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2016 - 2029 |
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Market Size (2024) | USD 585 |
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Market Size (2029) | USD 931 |
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Largest Share by Sub Body Type | Sports Utility Vehicle |
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CAGR (2024 - 2029) | 9.74 % |
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Fastest Growing by Sub Body Type | Sedan |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Russia Electric Cars Market Analysis
The Russia Electric Cars Market size is estimated at USD 585 in 2024, and is expected to reach USD 931 by 2029, growing at a CAGR of 9.74% during the forecast period (2024-2029).
- Largest Segment by Fuel Type - BEV : In Russia, hybrid electric cars have witnessed the highest growth in the electric car market. Traditional fuel, along with the electric drive option, is enhancing the demand for hybrid cars.
- Largest Segment by Sub-Body Type - Sports Utility Vehicle : Comfortable rides, better fuel efficiency, and luxury features and more models available are attracting customers, which further makes Sedan the largest sub-body type in electric car sales in Russia.
- Fastest-growing Segment by Fuel Type - FCEV : Hybrid cars are the fastest-growing fuel type segment due to the advanced technology fusion and match of fossil fuels and electric, which is capturing the interest of consumers.
