China 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 MOREIn the first-trimester of 2021 these announcements included: Volvo will only sell electric cars from 2030; Ford will only electric car sales in Europe from 2030; General Motors plans to offer only electric LDVs by 2035;
READ MOREElectric 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. China was the frontrunner once again, accounting for around 60% of global electric car sales.
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 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
READ MOREIn 2024, the revenue in the Electric Vehicles market is projected to reach a staggering US$623.3bn worldwide. Looking ahead, it is expected that the market will demonstrate a
READ MOREIndonesian Electric Vehicle Market Awareness: In 2019, only 705 total EV sales were registered in Indonesia, with hybrid sales being 685 units and PHEV (Plug-in Hybrid Electric Vehicle) sales totaling 20. The number of
READ MOREChina electric vehicle market is estimated at $49 Billion in 2020. The Chinese EV battery market alone is estimated at $10.4 Billion. To know more about it read our report EV Battery Market in China In 2020, SAIC-GM (2nd biggest EV player in China) will launched 10 new models, including 2 BEVs.
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
READ MORESeptember 2023. The automotive industry has experienced tremendous changes over the past few years, evolving towards sustainable solutions impacting global supply chain networks and consumer habits. This report showcases results from a PwC Indonesia survey of electric vehicles currently on the market, key drivers, and future expectations for
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 MOREIn the first quarter of 2024, fully-electric vehicles (BEVs) declined to 7.3% of new sales market share in the United States. Of the nearly 3.8 million light-duty vehicles sold in America in Q4, 268,909 were
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
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 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 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
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 MOREIn the first-quarter of 2021, global electric car sales rose by around 140% compared to the same period in 2020, driven by sales in China of around 500 000 vehicles and in Europe of around 450 000. US
READ MORERead about how we test and evaluate vehicles here. Best Electric Cars at a glance. 1. 2024 Hyundai Ioniq 6. 2. 2025 BMW i4. 3. 2024 Polestar 2. 4.
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 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 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 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 Mn. by 2029. Malaysia Electric Vehicle Market Overview: Malaysia is establishing itself as a modern market economy. Malaysia''s GDP
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 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 MORESince Deloitte last presented a forecast for electric vehicle (EV) sales, in January 2019, the EV market has made great strides, and not just in terms of sales. OEMs have invested billions to deliver new electrified models, from R&D to factory redesign. Consumer attitudes have evolved. Government interventions have pushed forward and pulled back.
READ MOREThe Electric Vehicles Market size is estimated at 1.21 trillion USD in 2024, and is expected to reach 3.15 trillion USD by 2030, growing at a CAGR of 17.28% during the forecast period (2024-2030).
READ MOREThe index explores two important dimensions in the advance of electric mobility: markets and demand, on the one hand, and industries and supply, on the other. On the market side, it analyzes the
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