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 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 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 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 Australian electric vehicle market is segmented by propulsion type (battery electric vehicles, hybrid electric vehicles, fuel cell electric vehicles, and plug-in hybrid electric vehicles) and by vehicle type
READ MOREWhy Electric Vehicle Charging Firm Wallbox Shares Are Surging Today. Benzinga. Dec. 4, 2023, 10:45 AM. Wallbox NV (NYSE:WBX) shares are trading higher by around 15% after Generac Holdings Inc
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 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 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
READ MOREMcKinsey''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 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 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 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 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
READ MOREThe Electric Vehicle Council (EVC) has compiled a brief overview of the major electric vehicle moments for 2022, including EV market highlights, charging infrastructure
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 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 Electric Vehicle Council has compiled an overview of the major electric vehicle (EV) moments for 2023, including EV market highlights, charging infrastructure progress, and
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 MORE1 · Over the next four years, passenger EV sales are expected to grow at an average annual rate of 21%, compared to 61% from 2020 to 2023. The share of EVs in global new
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 MOREAdditionally, the 2-wheeler, 3-wheeler, and 4-wheeler electric vehicle market are expected to take a hit amid the Covid-19 pandemic in 2020 while the electric bus market is likely to remain relatively resilient. According to 6Wresearch, Philippines electric vehicle market size grew at a CAGR of 23.6% during 2020-2025.
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 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 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 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 MOREin to charge directly using electricity. This includes both battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). increase up from 3.81% during 2022 +120% of all new cars sold are EVs 8.45% new EVs purchased during 2023 98,436 EVsnow on Australian roads +180,000 Light Electric Vehicle Market Highlights
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
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