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 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.
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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 MOREDemand for electric cars is booming, with sales expected to leap 35% this year after a record-breaking 2022. The global auto industry is undergoing a sea change, with
READ MOREElectric vehicle Market is accounted for USD 253.2 billion in 2022. Electric vehicle Market touched USD 253.2 Billion in 2022 and is projected to reach USD 1538.7 Billion in 2030 and expanding at a CAGR of 25.3%.
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 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 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 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 Corporation and Volkswagen AG are the major companies operating in the market.
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 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 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%
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 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 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 MOREMore than half of the electric cars on roads worldwide are now in China and the country has already exceeded its 2025 target for new energy vehicle sales. In Europe, the second
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 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 MOREThe Electric Vehicle Market in China. China is the largest electric vehicle market in the world, accounting for 53 percent of global sales in 2021. Last year, sales volume nearly tripled, reaching a total of 3.3 million. In comparison, sales in Europe grew 65% to 2.3 million while they more than doubled in the US, reaching 630,000.
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 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 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 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 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 MOREGlobal. After a decade of rapid growth, in 2020 the global electric car stock hit the 10 million mark, a 43% increase over 2019, and representing a 1% stock share. Battery electric vehicles (BEVs) accounted for two-thirds of
READ MOREThis research report categorizes the electric vehicle market based on Components, Vehicle Type, Vehicle Class, Top Speed, Vehicle Drive Type, EV Charging Point Type,
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 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.
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