McKinsey''s proprietary Electric Vehicle Index (EVI) assesses the e-mobility performance of 15 key countries around the world. Since the creation of the EVI, several years ago, it has served as a critical tool to help organizations exposed to the automotive, mobility, and energy sectors understand how electric-vehicle (EV) dynamics have
READ MOREFully-electric vehicles (BEVs) had 7.3% market share in Q1 2024. This is the first quarterly decline since Q2 2020. Sales in Q1 2024 rose 2.6% year-over-year, but fell 15.2% compared to Q4 2023. Kelley Blue Book estimates that Tesla ''s US sales totaled 140,187 in Q1 2024. This is down 13% from a year earlier.
READ MOREEdmunds expert reviewers rank the best electric vehicles of 2024 and 2025 on a 10-point scale that includes performance, comfort, interior, technology, and value.
READ MOREThe U.S. electric vehicle market size was USD 24.03 billion in 2020. The market is projected to grow from USD 28.24 billion in 2021 to USD 137.43 billion in 2028 at a CAGR of 25.4% in the 2021-2028 period. The global impact of COVID-19 has been unprecedented and staggering, with the market in the United States witnessing a
READ MOREPublished by Statista Research Department, Jun 14, 2024. Battery electric vehicles in use worldwide 2016-2022. EV sales share in SEA Q3 2022, by country. Revenue of e-vehicles market in the APAC
READ MOREThe South African Electric Vehicles market is anticipated to witness a significant growth in revenue, with projections indicating a reach of US$32.5m in 2024. This growth is
READ MOREThe India electric vehicle (EV) market size was valued at USD 8.03 billion in 2023. The market is projected to grow from USD 23.38 billion in 2024 to USD 117.78 billion by 2032, exhibiting a CAGR of 22.4% during the forecast period. The Indian automobile industry ranked fifth largest globally and is expected to become the third
READ MOREChina still dominates the global EV market, but sales are rising quickly elsewhere too. Electric vehicles are no longer only a wealthy country phenomenon. Developing
READ MOREExecutive summary. India''s electric vehicle (EV) market is at an inflection point. EVs accounted for about 5% of total vehicle sales between October 2022 and September 2023—and could reach more than 40% penetration by 2030 (see Figure 1), driven by strong adoption (45%+) in both two-wheeler (2W) and three-wheeler (3W)
READ MOREHowever, as time showed, 2020 turned out to be a surprisingly positive year, with global EV sales growing by 43% from 2019 and the global electric car industry market share rising to a record 4,6% in 2020. The year 2021 was a major leap forward for electric vehicle sales. Sales of electric vehicles doubled from 202 0 to 6.75 million. The number
READ MOREChina has increased its lead in electric-vehicle (EV) production, according to new McKinsey research (Exhibit 1). Chinese OEMs produced 43 percent of the 873,000 EVs built worldwide in 2016. And the country now has the largest fleet of EVs on the road, overtaking the US market for the first time (see sidebar, "Our methodology").
READ MOREDOWNLOAD PDF. [357 Pages Report] The global electric vehicle market size was valued at USD 388.1 billion in 2023 and is expected to reach USD 951.9 billion by 2030 at a CAGR of 13.7% during the forecast period 2023-2030. With advancements in technology, increasing environmental consciousness, and supportive government policies, EVs have
READ MOREThe Global Electric Vehicles Market is expected to reach USD 1.21 trillion in 2024 and grow at a CAGR of 17.28% to reach USD 3.15 tillion by 2030. Ford Motor Company, Stellantis N.V., Tesla Inc., Toyota Motor
READ MOREThe Electric Vehicles market in in Mexico is projected to grow by 18.03% (2024-2028) resulting in a market volume of US$956.0m in 2028.
READ MOREWhat future trends can we expect for electric vehicles in South Africa? South Africa is predicted to continue adopting electric market private passenger
READ MOREThe agreement, signed in the judicial capital Bloemfontein, covers the installation of a network of 15 recharging stations for electric passenger vehicles and 7 recharging stations for electric trucks. The work will be carried out by ZCC and Zero Carbon Logistics, with full delivery of the facilities scheduled for September 2025.
READ MOREThe electric vehicle (EV) market size exceeded USD 49.1 billion in 2022 and is slated to observe around 15.5% CAGR during 2023 to 2032, impelled by the rising need for efficient & eco-friendly vehicles.
READ MOREGreenCape publishes market intelligence report highlighting investment opportunities in electric vehicles in South Africa.
READ MOREThe installation of electric car charging stations is gaining momentum in Africa as investors look to exploit what will develop into a multimillion-dollar market opportunity.
READ MOREThe Electric Vehicles market in in Germany is projected to grow by 14.49% (2024-2028) resulting in a market volume of US$103.4bn in 2028.
READ MOREMalaysia Electric Vehicle Market size was valued at USD 15.54 Mn. in 2021 and the total revenue is expected to grow at 12.46 % through 2022 to 2029, Malaysia Electric Vehicle Market is reaching nearly USD 39.76
READ MOREThe Electric Vehicles market in in Malaysia is projected to grow by 4.98% (2024-2028) resulting in a market volume of US$214.4m in 2028.
READ MOREThe Australia Electric Vehicle Market size is estimated at USD 8.49 billion in 2024, and is expected to reach USD 35.41 billion by 2029, growing at a CAGR of 33.06% during the forecast period (2024-2029). The COVID-19 pandemic initially had a negative impact on the market as the shutdown of manufacturing units and lockdowns resulted in a
READ MOREElectric transition. The incentive will enable producers to claim 150% of qualifying investment spending on electric and hydrogen-powered vehicles in the first
READ MOREThe Africa Electric Vehicle Market is expected to reach USD 15.80 billion in 2024 and grow at a CAGR of 10.20% to reach USD 25.40 billion by 2029. Nissan Motor Co., Ltd., Volkswagen AG, Tesla Inc., BMW AG and Toyota Motor Corporation are the major companies operating in this market.
READ MOREThe US electric vehicle (EV) market is poised for significant expansion, with the Department of Energy earmarking $15.5 billion for EV initiatives. This substantial investment, aligned with President Biden''s strategy, offers a pivotal opportunity for the automotive industry. Of this, $12 billion is designated for automotive conversion
READ MOREAlmost 14 million new electric cars 1 were registered globally in 2023, bringing their total number on the roads to 40 million, closely tracking the sales forecast from the 2023
READ MOREThe rollout will see the construction of 15 electric passenger vehicle charging stations and seven electric truck charging stations across the Free State by
READ MOREBNEF''s 2024 Electric Vehicle Outlook unpacks the complex outlook behind the short- and long-term trajectory for electric vehicle adoption, the future of road transport, oil, metals
READ MORE