According to 6Wresearch, Nigeria Electric Vehicle Market size is projected to grow at a CAGR of 57.9% during 2024-2030. The driving factors behind Nigeria''s electric vehicle uptake can be attributed to the environmental movement. The country has recognized the importance of clean energy and carbon reduction, and electric vehicles fit into
READ MOREAccording to EIA.gov, Combined sales of hybrid vehicles, plug-in hybrids, and battery electric vehicles in the United States rose to 16.3% of total new light-duty vehicle sales in 2023. In 2022, hybrid, plug
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 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 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 MOREElectric Vehicle Market Size "2030 electric vehicle market value to reach USD 8,851.04 billion" The global electric vehicle market size was estimated at USD 1,070.77 billion in 2023 and is anticipated to grow at 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 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 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 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
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 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 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 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 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 MORECombining analysis of historical data with projections – now extended to 2035 – the report examines key areas of interest such as the deployment of electric
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 electric car sales in Indonesia reached 1,900 units in June 2022. There are 1,378 hybrid models (72.5%), 34 PHEV models (1.8%
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 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 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 MOREBattery electric vehicles (BEVs) accounted for two-thirds of new electric car registrations and two-thirds of the stock in 2020. China, with 4.5 million electric cars, has the largest fleet, though in 2020 Europe had the
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 MOREMarket share of electric vehicles in South Korea from 2014 to 2023. Premium Statistic Number of electric vans in use in Japan 2011-2023
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 MOREIEA analysis based on EV Volumes. Notes. 2023 sales are estimated based on market trends through the first quarter of 2023. Electric car sales, 2016-2023 -
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 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 edition of the Global EV Outlook (GEVO-2023). Electric car sales in 2023 were 3.5 million
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
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