In total, global sales of EVs, including BEVs, PHEVs (Plug-in Hybrid Electric Vehicles), and FCVs (Fuel Cell Vehicles), reached 13 million units in 2023, with a
READ MOREAn Overview of the Philippines'' Electric Vehicle Market . According to the Philippines'' Land Transportation Office (LTO), there were 11,950 electric vehicles registered with the agency between 2010 and 2019. launched their Green Mobility Program in 2020 and has successfully converted their entire fleet in the National Capital
READ MOREIn mid-2021, US President Joe Biden''s administration announced a target of a 50% electric vehicle (EV) sales share by 2030. "Specifically, the president will sign an executive order that sets an ambitious new target to make half of all new vehicles sold in 2030 zero-emissions vehicles, including battery electric, plug-in hybrid electric, or fuel
READ MOREThe Indian electric vehicle (EV) market is expected to see 40%–45% EV adoption for two-wheel (2W) vehicles and 15%–20% for four-wheel (4W) passenger vehicles (PVs) by 2030, with 12 million to 13 million new 2W EVs and 1 million new 4W PVs being sold in India annually by 2030. which will eventually make EV capital costs
READ MOREThis time series projection represents the estimated electric vehicle market capitalization from 2025 to 2035. In 2030, electric vehicles are expected to
READ MOREElectric Vehicle Future in India and the World - A Brief Statistical Look. Global EV marketing is growing at a staggering CAGR of 21.7%. A whopping 4.19 lakh EVs have already been sold in India in 2022. This number stood at a mere 1.19 lakhs in 2020. Studies predict a sale of 39.21 million EV units by the year 2021.
READ MOREStrong regulatory and fiscal policy has driven the early electric vehicle market. The markets with the highest electric vehicle uptake—in China, Europe, Japan,
READ MOREAccording to Beyond Market Insights, the global Electric Vehicle market was worth around USD 178.5 billion in 2021 and is predicted to grow to around USD 1108.8 billion by 2030
READ MOREFor a start-up in a very capital-intensive industry, raising sufficient capital is critical to achieve economies of scale in production, as well as to undertake necessary supporting operations such as retail and service. Bui, Anh, Peter Slowik, and Nic Lutsey, 2021, "Evaluating electric vehicle market growth across U.S. cities
READ MOREThe electric vehicle market continues to expand, with more than two million electric vehicles sold worldwide by early 2017. Automakers continue to make commitments Figure 1 shows estimated cumulative sales in the 20 electric vehicle capital cities, along with their 2016 share of passenger vehicles. Together, these 20 metropolitan
READ MOREThe figure below displays the share of 2020 global electric vehicle registrations in different markets with a specific focus on the 25 electric vehicle capitals. This briefing identifies the top 25 leading EV markets by 2020 new registrations, termed EV capitals, and provides data on electric passenger vehicle registrations, charging
READ MOREThese cities are each in their own way helping to overcome electric vehicle barriers, propelling the market forward, and leading by example. As shown in the figure below, these 20 electric vehicle capitals are responsible for 40% of global electric vehicle stock of about 2 million cumulative global passenger electric vehicles in 2016.
READ MOREAs the electric vehicle (EV) market continues to heat up, automakers are going all in on electrification. Vehicle manufacturers and battery makers plan to invest $860 billion globally by 2030 in the transition to EVs. Nearly a quarter, $210 billion, is expected to be invested in the United States, more than in any other country.
READ MORENumber of public electric vehicle charging stations in Japan 2010-2023, by type Number of publicly accessible electric vehicle supply equipment (EVSE) chargers in Japan from 2010 to 2023, by type
READ MOREThese cities are each in their own way helping to overcome electric vehicle barriers, propelling the market forward, and leading by example. As shown in the figure below, these 20 electric vehicle capitals
READ MOREVenture capital investments in electric vehicle start-ups dropped in 2023, following the global trend Venture capital (VC) funding to EV start-ups has boomed in the past
READ MOREThe way of living is going to transform and EVs will be an essential part of the new way of life. We believe that EVs in India will represent an INR 500 bn opportunity by 2025. We all accept that the future is electric, it is now
READ MOREGlobal private equity and venture capital investments in the electric vehicle industry for the first 10 months of 2022 stood at $9.45 billion, according to S&P Global Market Intelligence data. 10 months of 2022, compared to a record-high total annual investment of $12.64 billion in 2021, according to S&P Global Market Intelligence
READ MORE6 · The global electric vehicle market size was valued at USD 384.65 billion in 2022 and is projected to grow from USD 500.48 billion in 2023 to USD 1,579.10 billion by 2030, exhibiting a CAGR of 17.8% during the forecast period of 2023-2030. Asia-Pacific dominated the EV industry with a market share of 50.97% in 2022.
READ MOREThe firm forecast total EV (including both battery electric vehicles and hybrid electric vehicles) sales to grow from 2.5 million in 2020 to 11.2 million in 2025, and reach 31.1 million by 2030. It also suggested EV sales would account for 32% of the total market share for new car sales by 2030. Deloitte said China would continue to dominate
READ MOREThe electric vehicle (EV) market in the United States broke records in 2022, estimated at just under 918,500 light electric vehicle sales.This was over two and a half times more than in 2018—the
READ MOREThe figure below displays the share of 2020 global electric vehicle registrations in different markets with a specific focus on the 25 electric vehicle capitals. This briefing identifies the top 25 leading EV markets by 2020 new registrations, termed
READ MORECities in China represent 5 of the 6 largest electric vehicle markets by cumulative electric vehicle sales. The top 13 markets in China have accounted for one quarter of all the electric vehicles sold globally through 2018—and more than in all of Europe or the United States during that period.
READ MOREElectric vehicle capitals: Cities aim for all-electric mobility. Prepared by Dale Hall, Hongyang Cui, Marie Rajon Bernard, Shuyang Li, Nic Lutsey. This briefing provides an
READ MOREThe global electric vehicle (EV) market is developing at a rapid pace. According to EV volumes, overall electric vehicle reached a global share of 8.3% (including battery electric vehicles [BEVs] and Plug- in hybrid electric vehicles [PHEVs]) in 2021 from 4.2% in 2020 with 6.75 million vehicles on the road. This is an increase of 108% as of 2020.
READ MORENotably, China has by far the biggest EV industry in the world. As the largest EV manufacturer, China''s EV production amounted to 3.5 million units in 2021, an increase of 1.6 times year-over
READ MOREElectric car sales break new records with momentum expected to continue through 2023. Electric car markets are seeing exponential growth as sales exceeded 10 million in 2022. A total of 14% of all new cars sold were electric in 2022, up from around 9% in 2021 and less than 5% in 2020. Three markets dominated global sales.
READ MOREThe China Electric Vehicles Market is expected to reach USD 305.57 billion in 2024 and grow at a CAGR of 17.15% to reach USD 674.27 billion by 2029. BYD Company Ltd, SAIC Motor Corporation Limited, BAIC Motor Corporation, Geely Auto Group and Tesla Inc. are the major companies operating in this market.
READ MORE2024. Get the executive summary. Overview. Download Executive Summary. Authors. The Electric Vehicle Outlook is our annual long-term publication looking at how electrification, shared mobility, autonomous driving and other factors will impact road transport in the coming decades. The report draws on our team of specialists around the world and
READ MOREFunding to electric vehicle tech companies hit an all-time high in 2020, nearly reaching $12.8B. In 2021, funding to the EV tech space is already approaching $9.8B. In this analysis, we look at the top investors in the EV tech space, where they''re placing their bets, and how these deals are shaping the industry. Top investors in EV tech
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