Electric Car Market Share By Company

We forecast china to achieve a domestic market share of around 48 per cent by 2030 almost double that of the united states 27 per cent and europe should achieve 42 per cent. Europe passed china in ev sales with a 137 increase in a disturbed auto market which had suffered volume losses up to 80 during the 2nd quarter.

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Sales of plug in passenger cars achieved a 4 2 global market share of new car sales in 2020 up from 2 5 in 2019 and 1 3 in 2017.

Electric car market share by company. Roughly 90 percent of the personal vehicles on the road daily could be replaced by a low cost electric vehicle available on the market today even if the cars can only charge overnight which. Electric vehicle market size share industry analysis by type battery electric vehicles bev plug in hybrid electric vehicles phev hybrid electric vehicles hev and others by vehicle type passenger cars and commercial vehicles and regional forecast 2019 2026. According to the global ev outlook 2020 the sales of electric cars reached 2 1 million globally in 2019 surpassing 2018 already a record year to boost the stock to 7 2 million evs.

The pev market has been shifting towards fully electric battery vehicles. But this doesn t tell the whole story. Although china is leading the electric car market in terms of unit sales norway leads the race in overall ev ownership.

Key players operating in the ev market include tesla bmw group nissan motor corporation toyota motor corporation volkswagen ag general motors daimler ag energica motor company s p a byd company motors and ford motor company account for a major electric vehicle market share. The global ratio between bevs and phevs went from 56 44 in 2012 to 60 40 in 2015 and rose to 74 26 in 2019. Their global market share increased from 2 5 in 2019 to 4 2 in 2020.

With a 49 14 share for plug in evs it is safe to say that norway is truly a haven for electric car owners. In absolute terms china remained the world s largest ev market with 2 3 million electric vehicles in active use. The share of new car sales taken up by evs will vary considerably across markets see figure 3.

Global electric car market size. Passenger cars is the most lucrative segment for electric vehicles and would continue to hold largest share throughout the forecast period the electric vehicles market is projected to reach 26 951 318 units by 2030 from an estimated 3 269 671 units in 2019 at a cagr of 21 1 during the forecast period.

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