The electric industrial vehicles (EIVs) market is witnessing rapid growth as industries globally strive for greater efficiency, sustainability, and cost-effectiveness in their operations. The market was valued at US$ 8.7 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2035, reaching an estimated US$ 21.5 billion by 2035. https://www.openpr.com/news/3995327/electric-industrial-vehicles-industry-to-expand-rapidly