Asia Pacific’s EV market volume sales were the highest in 2023, capturing over 50% of the overall market size. Toyota Motor Corp., BYD Auto Co. Ltd., and Tesla Inc., together accounted for over 32% of the market share in 2023. In April 2024, Tesla Inc. announced the introduction of...
The Qilin Battery is expected to be mass-produced in 2023. Such developments are responsible for the growth of the EV platform during the forecast period. North America is estimated to have the largest market in 2030 The leading countries, such as the US and Canada, are considered under the...
The EV platform market was valued at US$ 15.5 Bn in 2023, It is estimated to expand at a CAGR of 16.4% from 2024 to 2034 and reach a value of US$ 91.5 Bn by the end of 2034.
The global EV battery market size was valued at USD 132.6 billion in 2023 and is expected to reach USD 508.8 billion by 2033, at a CAGR of 14.4%, during the forecast period 2023-2033.
BYD was ranked as the best-selling electric vehicle manufacturer worldwide after selling over three million units in 2023 after overtaking Tesla as the best-selling electric vehicle manufacturer in the previous year. BYD's sales volume translates into a market share of around 22 percent. Tesla and...
ion battery factories and capacity, which are the key enablers of the fast transition to EVs. Before that finale, we’ll look in part two at consumer culture in China, understand the place of autos in the society, and explore why EVs are quickly stealing market share from combustion ...
New federal tax credits for eligible EVs combined with price cuts should grow the market in 2023, but not for all brands. Jones said, “The EV percentage share of vehicles sold in the US will only mirror the growth in Mainland China in the last two years when EV customers have choice ...
BYD, a Chinese carmaker, has emerged as a dominant force in the China EV market, surpassing Tesla and capturing nearly 30% of the Chinese EV market share. BYD had an early shift of its strategy from internal combustion engine production to electric motor development, gaining a first-mover adv...
What are the key global market and the regional market share? What are the revenue-generating key market segments? What are the key factors driving and challenging this market’s growth? Who are the key market vendors and their growth strategies? What are the latest trends influencing the growt...
Electric Vehicle (Ev) Motor Market size is estimated to grow by USD 80266.3 million from 2024 to 2028 at a CAGR of 50% with the mpr having largest market share. Increasing sales of EVs will be a key driver fueling the electric vehicle (ev) motor growth d