Market Share Evolution Electric Vehicles

Market share for electric cars and plug in hybrids at 8 2 percent in 2020.

Market share evolution electric vehicles.

The largest country markets in the region are norway the uk germany france and the netherlands. The global electric vehicle market demand was estimated at 8 6 million units in 2018 and it is projected to reach 40 6 million units by 2026 ev industry exhibiting a cagr of 21 1 during the forecast period. By 2024 the electric vehicle charging station market is expected to reach a cagr of 38. A weighted average of multiple forecasts puts u s.

Press release electric vehicles on road market share growth trends and forecast 2020 2024 published. We then describe our data base and validate our model in section 3 before we present our computational results. The base year for the report is 2018 and the forecast period is from 2019 to 2030. Electric car and plug in hybrid market.

In all the european union sales of new battery electric vehicles bev rose from 58 975 in 2015 to 150 056 in 2018. The electric vehicle market has witnessed rapid evolution with the ongoing developments in automotive sector. In 2018 the us saw one million registered electric cars on the road. The global electric vehicle market is amped up and on the rise april 2018 china remains firmly in the lead on our electric vehicle index.

But other pockets of growing public and private sector commitment to these vehicles have emerged. Electric vehicle market estimated to reach 802 81 billion 22 6 cagr during 2019 2027 battery electric vehicle type to grow at 29 1 cagr. Last year for the first time global sales of new electric vehicles evs 1 passed a million units. Median forecast of 2020 u s.

The electric vehicles market is projected to reach 26 951 318 units by 2030 from an estimated 3 269 671 units in 2019 at a cagr of 21 1 during the forecast period. Proach for estimating the market share evolution of electric vehicles in section 2.