Market Share Evolution Electric Vehicles

The plug in car segment had a market share of 1 3 of new car registrations in 2016 and rose to 3 6 in 2019.

Market share evolution electric vehicles.

The largest country markets in the region are norway the uk germany france and the netherlands. Market share for electric cars and plug in hybrids at 8 2 percent in 2020. Proach for estimating the market share evolution of electric vehicles in section 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.

Median forecast of 2020 u s. The electric vehicle market has witnessed rapid evolution with the ongoing developments in automotive sector. We then describe our data base and validate our model in section 3 before we present our computational results. Electric car and plug in hybrid market.

In all the european union sales of new battery electric vehicles bev rose from 58 975 in 2015 to 150 056 in 2018. A weighted average of multiple forecasts puts u s. Last year for the first time global sales of new electric vehicles evs 1 passed a million units. The global electric vehicle market is amped up and on the rise april 2018 china remains firmly in the lead on our electric vehicle index.

The base year for the report is 2018 and the forecast period is from 2019 to 2030. Press release electric vehicles on road market share growth trends and forecast 2020 2024 published. But other pockets of growing public and private sector commitment to these vehicles have emerged. Electric vehicle market estimated to reach 802 81 billion 22 6 cagr during 2019 2027 battery electric vehicle type to grow at 29 1 cagr.

3 2020 at 4 02 a m. In 2018 the us saw one million registered electric cars on the road.