Market Share Evolution Electric Vehicles

Proach for estimating the market share evolution of electric vehicles in section 2.

Market share evolution electric vehicles. The electric vehicle market has witnessed rapid evolution with the ongoing developments in automotive sector. 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. A weighted average of multiple forecasts puts u s. Median forecast of 2020 u s.

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. Market share for electric cars and plug in hybrids at 8 2 percent in 2020. The largest country markets in the region are norway the uk germany france and the netherlands. In 2018 the us saw one million registered electric cars on the road.

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

By 2024 the electric vehicle charging station market is expected to reach a cagr of 38. 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. 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.

In all the european union sales of new battery electric vehicles bev rose from 58 975 in 2015 to 150 056 in 2018. 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.