electric vehicle growth projections

You can also contact MarketWatch Customer Service via our Customer Center. We deliver real-time and historical data, forecasts, analytical insight, tools and software solutions. The Global Electric Vehicle (EV) Market is estimated to register a CAGR of 18.4% during the forecast period. This market has seen substantial growth over the past few years, and it has been experienced that the market will remain on the same growth level until the forecast period. This is attributed to the increasing demand of electric vehicles in U.S., Norway, France, and Germany. Which Region is Dominating Global Electric Vehicle Market? The world’s … The electric vehicle revolution calls for a surge in battery demand. Whereas, China is the largest market for an electric car and electric two-wheeler in the region. Link the transformation of the transport segment across mining, power and infrastructure and oil markets. Our globally focused research connects market intelligence that was previously siloed for stakeholders in the electric vehicle market. Changes in the British company car tax regime and the increased availability of electric cars are the main contributing factors to the predicted sharp increase in electric car … Electric vehicles are projected to account for 7.6 percent of the market in 2026, up from just 1.2 percent in 2018. Volkswagen’s embrace of electric cars has been the most ambitious in Europe, claiming 25% of its global sales in 2025 will be electric only (BEV) … Radical changes to EV economics and technological innovations are disrupting transportation, metals, utility and oil and fuel markets around the world. They let you easily navigate your way around the site and allow us to improve its performance, or even recommend content we believe will be of most interest to you. https://www.kennethresearch.com/sample-request-10195914, Electric Vehicle (EV) Market 2020 Dynamics, Trends, Emerging Growth Factors and Forecast to 2025, Review: The new and improved 2021 Porsche Panamera, Four home improvement projects you should never do yourself, Apple TV+ killed a show about Gawker after Tim Cook disapproved: report, How a divided government could affect the municipal bond market, Sen. Kelly Loeffler disavows white supremacist after posing with him for photo. 6 2. 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. On the basis of vehicle type, the market has been divided into passenger cars, commercial vehicles, and two-wheelers. How will manufacturers keep up with evolving technology advancements? Significant factors that have driven the electric vehicles market are rapidly increasing sales of electric vehicles; rising fuel prices will boost the demand for electric vehicles, and government initiatives.The global electric vehicle market by region has been segmented into North America, Europe, Asia-Pacific, and rest of the world. 4 1.2 Why do we need Electric Vehicles? The RoW region is projected to witness significant growth in the global market due to increasing major electric vehicle manufacturers and the growing development of charging infrastructure across the region. Integrated oil and gas. 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. Utilities. 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