- A recent Facts & Factors study reported that the global EV market is expected to pass $980 billion by 2028
- Mullen posted the strongest balance sheet in company history for the quarter ended June 30, 2022
- The company noted several key milestones in its journey to becoming a major presence in the EV world
If Mullen Automotive (NASDAQ: MULN) latest financial report is any indication, the double-digit growth projected for the electric vehicle (“EV”) industry is right on the money. The emerging electric vehicle manufacturer posted a record balance sheet for the quarter ended June 30, 2022 (https://ibn.fm/RmJq8).
A recent Facts & Factors study noted that, according to the latest research study, global electric vehicle market size and share were valued at roughly USD $185 billion in 2021 and are expected to reach USD $980 billion by 2028 at a compound annual growth rate (“CAGR”) of 24.5% during the forecast period (2022–2028). The report analyzes various factors and their implications on the electric vehicle market’s growth (https://ibn.fm/dwT2e).
The article further noted that “the electric vehicle was developed primarily to replace polluting traditional ways of transportation. As a result of various technological developments, it has gained in…
NOTE TO INVESTORS: The latest news and updates relating to MULN are available in the company’s newsroom at https://ibn.fm/MULN
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