China produced almost 60 percent of the world''s electric vehicles (EVs) in 2022. In Central Asia, the market for EVs is small but growing, and Chinese companies are especially dominant. While
READ MORETOKYO/GUANGZHOU/BEIJING -- China became the world''s largest exporter of automobiles last year for the first time, knocking Japan off its perch thanks to strong overseas sales of electric vehicles
READ MOREListen to Audio Version. 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
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 MOREPrior to February 2022, the electric vehicle market in Russia had been gaining momentum and the Russian authorities were increasingly adopting various acts of mass support and development of the national electric vehicle industry. The government strategy for the development of the automotive industry, approved in 2018, planned that
READ MOREChina Electric Vehicles Market Analysis. The China Electric Vehicles Market size is estimated at USD 305.57 billion in 2024, and is expected to reach USD 674.27 billion by 2029, growing at a CAGR of 17.15% during the forecast period (2024-2029). The market was negatively impacted by COVID-19 in the first half of 2020.
READ MOREChina Electric Vehicle Market Competition 2023. China Electric Vehicle market currently, in 2023, has witnessed an HHI of 6608, Which has increased moderately as compared to the HHI of 4757 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries.
READ MOREKEY MARKET INSIGHTS. 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
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 with a compound annual growth rate (CAGR) of roughly 22.5% between 2022 and 2030.
READ MOREThe Electric Vehicles market in Russia is projected to reach a revenue of US$46.5m in 2024. The market is expected to experience an annual growth rate (CAGR 2024-2028) of
READ MOREMOSCOW, July 20 (Reuters) - Moscow, capital of one of the world''s biggest hydrocarbon exporters, plans to boost the use of electric cars by rolling out a raft of charging
READ MOREAmid a global climate of fervent electrification, China''s burgeoning electric vehicle (EV) industry is accelerating at full throttle, demonstrating resilience and
READ MOREThe Electric Vehicles market in in China is projected to grow by 5.69% (2024-2028) resulting in a market volume of US$398.0bn in 2028.
READ MOREEV sales remained constant in China in 2019, at around 1.2 million units sold (a 3 percent increase from the previous year). In the United States, EV sales dropped by 12 percent in 2019, with only 320,000
READ MOREThe China Electric Vehicles Market size is estimated at USD 305.57 billion in 2024, and is expected to reach USD 674.27 billion by 2029, growing at a CAGR of 17.15% during the
READ MOREA December''s poll by analyst Autostat has shown that 32.7% drivers consider buying an electric model when shopping next time. However, all major BEV makers suspended import of vehicles to Russia
READ MOREAnd as China''s EV exports have grown, now accounting for 8% of the European market, Europe and the U.S. have started to respond. The EU imposes a 10% tariff on imported EVs from China, which can
READ MOREIn the early 2000s, before it fully ventured into the field of EVs, China''s car industry was in an awkward position. It was a powerhouse in manufacturing traditional internal-combustion cars
READ MOREReplacing traditional internal combustion engine vehicles, or ICEVs, with EVs comprises the bulk of the Rb 145.4 trillion cost involved in the complete
READ MOREBYD''s sales come mostly from the domestic market, which it dominates. But the group is one of several Chinese EV makers turning their sights to foreign shores. China''s entrants — from
READ MOREThe Electric Vehicles market in in China is projected to grow by 5.69% (2024-2028) resulting in a market volume of US$398.0bn in 2028. Skip to main content Statista Logo
READ MOREMore than half of the electric vehicles (EVs) on roads worldwide are found in China. In 2022, new EV sales in China grew by 82%, and the country provided 35% of global EV exports. While the U.S
READ MORE4 · Global sales of electric vehicles (EVs) increased by 55% in 2022 from the year before, according to data from the EV Volumes sales database. China remains the
READ MOREChina remains a key market for sales growth, with EV sales expected to hit about 10mn this year, higher than last year''s 9.5mn, and accounting for about half of all car sales in the country.
READ MORE4 · Listen to the article. Global sales of electric vehicles (EVs) increased by 55% in 2022 from the year before, according to data from the EV Volumes sales database. China remains the world''s largest EV market, with 59% of global sales. World Economic Forum estimates annual EV sales need to increase 18-fold by 2030 to meet global emissions
READ MOREIt was natural that Moscow, a city of over 12.5 million inhabitants, would follow the global trend that has seen a boom in electric vehicle use in recent years, he added.
READ MORERussia is a major destination for these unauthorized exports, Chinese traders told Rest of World. Konstantin Durasov, a car dealer in Moscow, said he shifted
READ MOREDespite being discontinued in October 2022, the Li One was the company''s best-selling model in 2022 with almost 79,000 units, which placed it 15th overall in terms of electric vehicle sales in China. In 2022, Li Auto launched two new models, the L9 in June and the L8 in September, both six-seat family SUVs.
READ MOREWe estimate that there were around 2,000 EV charging stations in Russia at the end of 2023 with an EV fleet of just under 11,500 units. This is mainly concentrated in Urban centres in Moscow and Close to Mainland China in the east.
READ MORERussia EV Profile: Russian EV Segment Propped Up By Strong Supply From Mainland China. Key View: Russia''s electric vehicle (EV) sales growth is expected to remain strong in 2024, bolstered by the government''s investment plan and increased presence of Chinese brands. However, geopolitical tensions and infrastructure limitations
READ MOREChinese electric cars are very popular in Russia and data shows that a record 14,000 electric cars were sold in Russia in 2023, with China''s Zeekr selling the
READ MOREBy 2030, Russia expects domestic EV sales to climb to 220,000 units per year. By 2035, EVs will account for 25% of vehicle sales on the market or 483,000 units,
READ MORE