The establishment of a solar-powered charging station in Erbil, the capital of Iraq''s Kurdish Regional Government (KRG), makes life easier for electric vehicle owners. Electric vehicles can travel
READ MORECustomers check GWM''s ORA Funky Cat, a Chinese electric car, at a car dealership in Baghdad, Iraq, on Oct. 26, 2023. (Xinhua/Khalil Dawood) He believes that the model
READ MOREA slow roll-out of electric cars and continued demand for internal combustion engine models in China, the largest market for cleaner vehicles, is setting
READ MORE6 · Listen 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 2022.
READ MOREAs China''s top EV producer, BYD realized a global EV market share of 8.8 percent in 2021, behind only Tesla and Volkswagen Group. In the ranking of the world''s best-selling EVs that year, six
READ MOREThe Middle East and Africa Electric Three-wheeler Market value in the year 2021 was USD15,748.91 thousand that is anticipated to grow with a CAGR of 14.38% during the forecast period 2023-2030, to
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 MOREElectric car sales neared 14 million in 2023, 95% of which were in China, Europe and the United States. Almost 14 million new electric cars1 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
READ MOREWhile over half of the cars sold by Chinese brands in October were electric, EVs made up a paltry 4.6 per cent of mainstream joint-venture brands'' sales. Volkswagen, China''s best-performing foreign marque, only sold around 130,000 EVs in the country from January through to September, amounting to 7.6 per cent of its total sales in
READ MOREThe Gulf state could face challenges as it seeks to expand electric vehicles. The 50% electric vehicle target by 2050 is ambitious. Emirati newspaper The National reported in May that electric vehicles made up less than 2% of the UAE''s car market. Having sufficient charging stations is another challenge facing markets that seek to increase
READ MOREElectric vehicle market in China - statistics & facts. Like many countries in the world, China views electric vehicles (EVs) as a pathway for sustainable transportation because
READ MOREReuters. Western car makers are fretting about an "invasion" of cheap Chinese electric cars in Europe, prompting France''s Renault to say on Thursday it was aiming to slash production costs for its electric models by 40 per cent. Finance chief Thierry Pieton said the best way to fend off price competition was for Renault to cut its own
READ MORESales of new EVs in China increased by 82% in 2022 compared to the year before. The country accounted for 59% of global EV sales last year, cementing its
READ MORE1 · Dublin, June 19, 2024 (GLOBE NEWSWIRE) -- The "Iraq ICE & Electric Passenger Vehicle Market 2024-2030: Market Forecast By Type, By Vehicle Type, By ICE Fuel
READ MORE6 · The overwhelming market leader from China is BYD, which this year posted record annual profits for 2023 and has said it aims to be among the top five car companies in Europe.
READ MOREA new beginning for Iraq with a Jaguar EV. The STA dealership has recently presented its modernized headquarters in Baghdad that also includes an up-to-standard and digitalized service center
READ MOREA customer and a sales manager give thumb-ups for Chinese electric vehicle (EV) at a car market in Baghdad, Iraq, Oct. 26, 2023. (Xinhua/Khalil Dawood)
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 MOREThe Chinese Hongqi E-HS9 electric car is on display at a car dealership in Baghdad, Iraq, on Oct. 26, 2023. (Xinhua/Khalil Dawood) Two buyers in Baghdad spent 250 million Iraqi dinars (about 156,000 U.S. dollars) on Hongqi E-HS9, an electric full-size luxury SUV made by Hongqi, a brand owned by the Chinese automaker FAW, while
READ MOREListen 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
READ MOREThe China Electric Vehicle Market size was valued at USD 260.84 Million in 2023 and the total China Electric Vehicle revenue is expected to grow at a CAGR of 17.15 % from 2024 to 2030, reaching nearly USD 789.90 Million by 2030. An Electric Vehicle (EV) is a vehicle, drawing power from a battery and rechargeable externally. It includes all-electric
READ MOREIn China''s EV market, there is another factor at play, namely that homegrown EV start-ups have helped to transform perceptions of the vehicles there. There was talk a few years ago about how many of these start-ups risked being wiped out by stricter technology standards. Instead, some not only survived, but are also growing sales
READ MOREGrowth in the electric-vehicle market has slowed. EV sales rose 65 percent from 2017 to 2018 (Exhibit 1). But in 2019, the number of units sold increased only to 2.3 million, from 2.1 million, for year-on-year growth of just 9 percent. Equally sobering, EV sales declined by 25 percent during the first quarter of 2020.
READ MOREElectric car prices have dropped significantly since 2018. We estimate that around 55% of the electric cars sold in China in 2022 were cheaper than their average ICE equivalent,
READ MOREAs one of the leaders in the EV world, China has successfully expanded its global market share from less than 30% in 2019 to 41.5% in 2022. Its role as the largest EV production base is even stronger, with 7.1 million units, representing 70% of the 2022 global total, made in China. Within China, EV sales have increased from 16% of the domestic
READ MOREWestern car makers are fretting about an "invasion" of cheap Chinese electric cars in Europe, prompting France''s Renault to say on Thursday it was aiming to slash production
READ MORE3 Drivers of China''s Booming Electric Vehicle Market. Summary. More than half of the electric vehicles (EVs) on roads worldwide are found in China. In 2022, new EV
READ MOREGrowth in the electric-vehicle market has slowed. EV sales rose 65 percent from 2017 to 2018 (Exhibit 1). But in 2019, the number of units sold increased only to 2.3 million, from 2.1 million, for year-on
READ MOREEPA. China has extended its lead over Japan in the car export industry during the first half of 2023 as demand continues to rise globally for electric cars. Vehicle shipments from major car makers in the world''s second-largest economy surged by more than three quarters to 2.14 million units in the first six months of the year, the latest
READ MOREThe China Electric Vehicle Charging Station market industry is projected to grow from USD 15.1 Billion in 2023 to USD 227.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 40.30% during the forecast period (2024 - 2032). Increasing use of electric vehicle charging stations for vehicles connected to the grid and growing
READ MOREA customer and a sales manager give thumb-ups for Chinese electric vehicle (EV) at a car market in Baghdad, Iraq, Oct. 26, 2023. (Xinhua/Khalil Dawood) BAGHDAD, Nov. 9 (Xinhua) -- Riding the tide of the global electric vehicle (EV) industry boom, Iraqi dealers started to import EVs into the country in the past few years.
READ MOREThe Electric Vehicle Supply Equipment market industry is projected to grow from USD 9.27 Billion in 2023 to USD 88.11 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 32.50% during the forecast period (2024 - 2032). The growing demand for environmentally sustainable transportation and government incentives promoting electric
READ MORERiding the tide of the global electric vehicle (EV) industry boom, Iraqi dealers started to import EVs into the country in the past few years. Among many
READ MOREBYD, Nio, Wuling, Xpeng, and Zeekr are some major Chinese EV brands at home and abroad. China''s electric vehicles are taking on the world. They may soon come to the US. Electric taxis charge
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.
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