Since 2021, first-quarter electric car sales have typically accounted for 15-20% of the total global annual sales. Based on this observed trend, coupled with policy momentum and
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 MOREThe country could become the Saudi Arabia of the electric vehicle age and, as its financial and commercial centre, Kinshasa stands to gain a lot. Among Kinshasa''s other main industries are brewing, food processing and the manufacturing of consumer goods (for example, textiles and footwear), mostly for the domestic market.
READ MOREThe global electric vehicle on-board charger market is estimated to reach a valuation of USD 7 billion by the year 2030 at a CAGR of 20% during the forecast period that ends in the year 2030. An onboard charger (OBC) charges the traction battery of an electric vehicle (EV), a plug-in hybrid (PHEV), or a hybrid electric vehicle (HEV).
READ MOREThe electric vehicle motor market size was valued at USD 38.1 billion in 2021. The electric vehicle motor industry is projected to grow from USD 45.91 Billion in 2022 to USD 169.36 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 20.50% during the forecast period (2022 - 2030). The rise in demand for electric vehicle motor
READ MOREThe Electric Vehicle Connector market industry is projected to grow from USD 56.2 Billion in 2022 to USD 221.48 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 18.70% during the forecast period (2023 - 2032). Growing demand for fast-charging vehicles, growing charging points across the globe and growing demand for
READ MOREOur passenger vehicle electrification models provide decision makers with a holistic perspective on passenger EV adoption on a country level for different scenarios. The
READ MOREGrowth in the electric-vehicle market has slowed. EV sales rose 65 percent from 2017 to 2018 (Exhibit 1). But in 2019, the number of units sold increased only to 2.3 million, from 2.1 million, for year-on-year growth of just 9 percent. Equally sobering, EV sales declined by 25 percent during the first quarter of 2020.
READ MOREOver the next two decades, the global fleet of electric vehicles may reach 282 million, or about 16 percent of all cars on the road, BNEF analysts estimate. Tesla Inc. has more than doubled vehicle unit
READ MOREGlobally, around 1-in-4 new cars sold were electric in 2023. In Norway, this share was over 90%, and in China, it was almost 40%. In the chart below, you can explore these trends
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 MOREElectric vehicles represent a $7 trillion market opportunity between today and 2030, and $46 trillion between today and 2050, according to the new report, "The Cost of Producing Battery Precursors in the DRC",
READ MOREThe Electric Vehicles market worldwide is projected to grow by 9.82% (2024-2028) resulting in a market volume of US$906.7bn in 2028.
READ MOREThe global Electric Vehicle market is expected to reach USD 2071.02 Billion by 2032, at a CAGR of 17.3% during the forecast period. The Asia Pacific region accounted for the fastest-growing global market, imperative factors, such as the significant number of investments in Asia Pacific, making it the primary contributor to the market share.
READ MOREThe Electric Vehicle Battery Recycling market is projected to grow from USD 0.23 Billion in 2022 to USD 1.92 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 35.40% during the forecast period (2022 - 2030). Increasing attention is being paid to reducing the usage of natural resources in battery production.
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 real king of Indian EV market are two-wheelers, which should not come as a surprise. The two-wheeler is the most dominant vehicle type in the country''s automobile market, selling well over
READ MORELike the internet in the 90s, the electric car market is already growing exponentially. Global sales of electric cars raced forward in 2020, rising by 43% to a total of 3.2m, despite overall car
READ MOREThe global electric vehicle market size was valued at $163.01 billion in 2020, and is projected to reach $823.75 billion by 2030, registering a CAGR of 18.2% from 2021 to 2030. Factors such as increase in demand for fuel-efficient, high-performance, & low-emission vehicles, stringent government rules & regulations toward vehicle emission along
READ MOREThe global electric vehicle market size was estimated at USD 1,070.77 billion in 2023 and is anticipated to grow at a CAGR of 33.6% from 2024 to 2030. Government policies and incentives worldwide are accelerating the
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.,
READ MOREIt has spurred the demand for electric vehicles and investment in battery-powered storage systems, which is expanding the deployment of solar and wind energy, particular.
READ MOREElectric Vehicle Capacitor Market Size was valued at USD 1285.01 Million in 2022. The Electric Vehicle Capacitor Market industry is projected to grow USD 3098.36723281726 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 9.20% during the forecast period (2023 - 2032). The growing demand for faster charging solutions and the
READ MOREThe global electric vehicle market industry is projected to grow from USD 578.71 billion in 2024 to USD 2071.02 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 17.27% during the forecast period (2024–2032). EV market size was valued at USD 493.36 billion in 2023, expected to be driven by key factors such as
READ MORE110-132 City / 87-98 Hwy. #2 2024 Ford Mustang Mach-E. The 2024 Ford Mustang Mach-E is an all-electric SUV that handles like a sports sedan, with stylish, well-built accommodations and impressive driving range. It has sensitive brakes and a firm ride, but overall, it''s one of the most compelling picks in its segment.
READ MOREIn Europe, the second largest market, electric car sales increased by over 15% in 2022, meaning that more than one in every five cars sold was electric. Electric car sales in the United States – the third largest market – increased 55% in 2022, reaching a sales share of 8%. Electric car sales are expected to continue strongly through 2023.
READ MOREPresident Félix-Antoine Tshisekedi Tshilombo of the Democratic Republic of the Congo (DRC) will, from 24 to 25 November 2021, host and officiate a multi-stakeholder Business Forum to foster the development of a robust
READ MOREto increase Africa''s share of the battery, electric vehicles and renewable energy value chain. Date: 24 - 25 November 2021 Place : Kinshasa cell assembling (US$1.18 trillion by 2025), and, ultimately, electric vehicles (US$ 7 trillion by 2025) (source: BloombergNEF). Better integration of African battery mineral producers into
READ MOREThe Electric Vehicle (EV) Insurance market industry is projected to grow from USD 63.3 billion in 2023 and reach USD 372.9 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 21.8% during the forecast period (2023 - 2032). The market growth is attributed to factors such as increasing demand for convenient and eco-friendly
READ MOREMETHODOLOGY. [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 Vehicle Thermal Management System market industry is projected to grow from USD 3.46 Billion in 2024 to USD 10.29 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 14.6% during the forecast period (2024 - 2032). Lithium-ion battery use is expanding, and electric vehicle use is becoming more widespread are
READ MOREThe DRC supplies about 70% of the world''s cobalt used in the production of batteries, an essential component to power electric vehicles (EVs) and to store energy
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.
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