Market Share Evolution Electric Vehicles

The electric vehicle market has witnessed rapid evolution with the ongoing developments in automotive sector.

Market share evolution electric vehicles.

The plug in car segment had a market share of 1 3 of new car registrations in 2016 and rose to 3 6 in 2019. The base year for the report is 2018 and the forecast period is from 2019 to 2030. A weighted average of multiple forecasts puts u s. We then describe our data base and validate our model in section 3 before we present our computational results.

Last year for the first time global sales of new electric vehicles evs 1 passed a million units. But other pockets of growing public and private sector commitment to these vehicles have emerged. Electric car and plug in hybrid market. 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.

The largest country markets in the region are norway the uk germany france and the netherlands. Electric car statistics and facts editor s pick china took the plug in vehicle market by storm with 645 000 units sold in the first half of 2019. Press release electric vehicles on road market share growth trends and forecast 2020 2024 published. 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.

Proach for estimating the market share evolution of electric vehicles in section 2. In 2018 the us saw one million registered electric cars on the road. Market share for electric cars and plug in hybrids at 8 2 percent in 2020. 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.

By 2024 the electric vehicle charging station market is expected to reach a cagr of 38. In all the european union sales of new battery electric vehicles bev rose from 58 975 in 2015 to 150 056 in 2018.