Off-Highway Electric Vehicle Market Trends in Europe, Asia, and North America
Off-Highway Electric Vehicle Market Size and Trends
The global off-highway electric vehicle market size is likely to be valued at US$ 3.1 Bn in 2025 and is estimated to reach US$ 6.3 Bn by 2032, at a CAGR of 14.5% during the forecast period 2025 – 2032.
According to the International Energy Agency (IEA), various global and regional policies are accelerating EV adoption by targeting demand and supply chains, infrastructure, and ecosystem development. For example, in India, the EV policies in Maharashtra cover toll waivers and tax exemptions on major highways.