We discovered that the Neural Network technique produces superior forecast accuracy after analysing the errors produced by each. Next, we used the best neural network model to forecast the sales of electric vehicles (EVs) in India over the next five years. Sales of two- and three-wheeler ...
EVs are set to outsell internal combustion engine vehicles in China for the first time in 2025. Analysts at S&P Global Mobility also forecast a 117% EV growth in India in 2025 to 7.5% market share (of light vehicles). In Europe, EV sales are projected to increase by 43%, with a 20.4...
APACis projected to account for47%of the global electric vehicle power inverter market share growth by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The high-volume sales of BEVs and PHEVs in China, Singap...
Karnataka, Maharashtra, and Uttar Pradesh Lead India in EV Public Charging Station Installations AmericaChinaIndustry Forecast China leads global EV Sales as it hits Third Consecutive Record High IndiaIndustry Forecast Electric Vehicle Sales Down 12% in November After Festival-driven rush ...
vehicles sold in the second quarter to about 12,000 vehicles, compared with the previous three-month period. In total, VinFast sold 21,747 units in the first half of 2024, an increase of 92 percent against the same period last year, but around one-fourth of the new yearly fo...
Forecast Period: 2025 - 2030 Industry: Technology Report Summary Table of Contents Segmentation Methodology Request a FREE Sample Copy India Electric Vehicle Market Size & Trends The India electric vehicle market size was valued at USD 8.49 billion in 2024 and is projected to grow at a CAGR of...
Outside of China, the US and Europe, EV sales are growing in emerging markets. JD Power’sAutovista Group reportedthat in 2024, “Volumes grew by more than 100% in markets including Australia, Thailand, Brazil, Turkey, Malaysia, and Mexico in 2023 and more than 50% in India and Japan”...
Which region will witness the fastest growth in EV sales? Asia Pacific (excl. China) is estimated to be the fastest-growing market for EVs during the forecast period. Which countries are covered in the European market in the report scope?
The India EV Battery Pack Market size is estimated at 0.68 billion USD in 2025, and is expected to reach 4.06 billion USD by 2029, growing at a CAGR of 56.09% during the forecast period (2025-2029). The Indian EV battery pack industry is undergoing a transformative phase driven by substan...
The India Electric Vehicle Financing Market size is estimated at USD 2.37 billion in 2025, and is expected to reach USD 19.97 billion by 2030, at a CAGR of 53.16% during the forecast period (2025-2030). As demand for electric vehicles (EVs) surges and government policies become increasingly...