EV market growth and upside for HC The global EV market was valued at $229B in 2021 and is projected to surpass $691B by 2028 at a CAGR of 17.01%. HC's presence in Canada is developing early as they've entered into tons of new contracts over the past year and are continuing to expand across the country. They've also been gaining a foothold in the US and will only continue to grow their network as the number of EVs grow.