Electric vehicle remote diagnostics market to grow $4.1bn, 39.04% CAGR by 2028, driven by China's electric buses and tech advancements.

The electric vehicle (EV) remote diagnostics market is projected to grow by $4.10 billion from 2024 to 2028, with a compound annual growth rate (CAGR) of 39.04%. This growth is fueled by the rising popularity of electric buses, especially in China, and advancements in wireless communication, IoT, and telematics. Remote diagnostics tools enhance efficiency and reduce downtime for fleet operators, while challenges like cybersecurity need addressing for sustainable growth.

September 27, 2024
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