The global electric vehicle bearings market is projected to reach $41,127.0 million by 2031 from $2,261.5 million in 2021, growing at a CAGR of 34.1% during the forecast period 2022-2031. Electric vehicles have emerged as a promising alternative to traditional internal combustion engine vehicles, driven by factors such as environmental concerns, government incentives, technological advancements, and changing consumer preferences. The shift towards electric mobility has been further accelerated by stringent emission regulations and the need to reduce dependency on fossil fuels.