Mainland China was by far the largest EV market, with 59% of EVs sold there in 2022, a total of 5.9 million units. This represents 29% of all light vehicles sold in the region, up from 15% in 2021. Europe is the second largest EV market, with a 26% share and 2.6 million units ...
The Model Y was the best-selling plug-in electric vehicle model worldwide, though most of the leading ten PEV models were from Chinese brands, reflecting the fast-paced EV market in Asia-Pacific. Read more Global plug-in electric vehicle market share in 2023, by main manufacturer ...
Tesla accounted for over 50% of EV sales in the U.S. in 2021 with the Model Y—launched in 2019—taking the top spot. Furthermore, the Model Y remained the bestselling EV in the first quarter of 2022, with Tesla taking up a massive 75% of the EV market share. ...
Taiwanese electronics major Foxconn Technology Group is reportedly looking at India as its third global base for tapping into the potentialelectric vehicle (EV)outsourcing market, with plans to capture 5 percent of the sales worldwide by 2025. The company aims to deliver b...
According to Mokter Hossain, an assistant professor at the College of Business and Economics, Qatar University, the competitive edge of Chinese EV companies is the result of a multifaceted strategy that combines governmental support, market scale, rapid innovation, and strategic global positioning. ...
BEIJING, March 10 (Xinhua) -- Chinese market welcomes global electric vehicles (EV) so that customers can enjoy diverse products and services, the minister of science and technology said here Saturday. The transition from traditional cars to electric ones is a global trend and the development of...
However, China provides a new driving force for the world's automobile industry as the biggest global electric vehicle (EV) sales market. In 2022, China's sales of new energy vehicles reached 6.8 million, accounting for 63 percent of total global sales. The increased demand...
With a 59.6% YoY growth to 86.2GWh in battery shipments, CATL accounted for 36.3% of market share in the first five months of 2023, making it as the only battery supplier in the world to take up such high market share. Driven by the increasing shares in the Chinese market, BYD continue...
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About the same volume in 2012, but with 0.3 % share What stopped the Electric Vehicle 100 years ago? 1. Road network and gas stations enabled long distance driving by ICE cars 2. Limited EV range and sparse power grid outside cities 3. Ford Model T price fell to half of an EV. $...