Electric Vehicle Market Growth Forecasts for Europe and Global Battery Testing

A market research report projects that low‑emission initiatives for micro electric vehicles in Europe generated €10 billion in 2020 and are expected to reach €20 billion by 2025, implying a compound annual growth rate of about 10 %. The forecast cites rising environmental concerns, stricter government regulations and increased investment in digital and autonomous vehicle technologies as key drivers.

Another industry analysis forecasts the global electric‑vehicle battery testing market to expand from US$3.35 billion in 2024 to US$9.51 billion by 2030, a CAGR of roughly 19 %. Growth is attributed to accelerating EV production, advancing lithium‑ion battery technology, and heightened safety and quality standards that require extensive testing across the EV value chain.