New Energy Vehicle (NEV) sales were strong in 2022, despite the gloomy overall trend in the auto market. NEVs are defined as Battery Electric (BEV) and Plug-in Hybrid (PHEV) vehicles. Although data for the full year is not available, we expect NEV sales to reach 14...
The global electric vehicle market size reached USD 755 Billion in 2024 and is set to grow USD 4,360 Billion by 2033, CAGR of 21.5% (2025-2033).
ASIA PACIFIC Region Holds the Largest Share of the Electric Vehicle Market. The Asia Pacific region is drawing in many electric vehicle suppliers due to favorable regional and global factors. With smart regulations and a strong industrial foundation, China is leading the way in innovation for electr...
Battery Electric Vehicle Market Size in 2022:USD 330 billion Forecast Period:2023 to 2032 Forecast Period 2023 to 2032 CAGR:15% 2032 Value Projection:USD 1 trillion Historical Data for:2018 to 2022 No of Pages:210 Tables, Charts & Figures:268 ...
Environmental Benefits of e-Buses to Drive Market Growth Vehicle emissions are exclusively liable for discharging 29% of ozone-depleting substances that bring about air pollution and are dangerous for the atmosphere. The consumption of unrefined petroleum and rising fuel costs have brought about an asc...
It has been another momentous year for electric vehicle markets and technologies, with major policy developments, sales growth, and landmark models set to enter the market.
The global off-highway electric vehicle market size was valued at USD 1,964.4 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 14.1% from 2023 to 2030
the sales data of the European electric vehicle market was very bright at the beginning of this year. The Volkswagen brand recently unveiled the ID.7, an all-electric sedan that will compete with competing models from Stellantis and Tesla. Ola K...
Vehicle Class Insights The low-price electric vehicle segment dominated the market, capturing a significant share of over 47.4% in 2023. This high market share is due to a rising consumer preference for more affordable EVs, driven by the growing awareness of environmental concerns, government ince...
Need-to-know insights on the electric vehicle industry, including analysis on global EV market share, electric vehicle sales, and EV forecasts by country.