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Electric car sales remained strong in the first quarter of 2024, surpassing those of the same period in 2023 by around 25% to reach more than 3 million. This growth rate was similar to the increase observed for the same period in 2023 compared to 2022.
Battery 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 largest annual increase to reach 3.2 million.
Road transport electrification is reshuffling cards in global markets, as carmakers compete fiercely to capture their share of a growing pie. BYD and Tesla remain far ahead of the curve, together accounting for 35% of all electric car sales in 2023.
The 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...
The global electric vehicle market size was estimated at USD 1,070.77 billion in 2023 and is anticipated to grow at a CAGR of 33.6% from 2024 to 2030. Government policies and incentives worldwide are accelerating the adoption of Electric Vehicles (EVs).
The global electric vehicle market size was valued at $163.01 billion in 2020, and is projected to reach $823.75 billion by 2030, registering a CAGR of 18.2% from 2021 to 2030.
The sales of battery electric and plug-in hybrid electric cars tipped over the two-million-vehicle mark for the first time in 2019. In this Deloitte report, we take a new approach to market segmentation and exemplify how to seize opportunities and manage risks.
Electric Vehicles Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030. The Electric Vehicles Market is segmented by Vehicle Type (Commercial Vehicles, Passenger Vehicles, Two-Wheelers), by Fuel Category (BEV, FCEV, HEV, PHEV) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America).
The global electric vehicle market size was valued at USD 500.48 billion in 2023 and is projected to grow from USD 671.47 billion in 2024 to USD 1,891.08 billion by 2032, exhibiting a CAGR of 13.8% during the forecast period. Asia–Pacific dominated the electric vehicles market with a share of 51.24% in 2023.
Statistics for the 2023 Electric Cars market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Electric Cars analysis includes a market forecast outlook to 2030 and historical overview.