The global electric vehicles revenue in the electric vehicles market was forecast to continuously increase between 2024 and 2028 by in total 283.4 billion U.S. dollars (+45.46 percent). After the twelfth consecutive increasing year, the indicator is estimated to reach 906.7 billion U.S. dollars and therefore a new peak in 2028. Notably, the electric vehicles revenue of the electric vehicles market was continuously increasing over the past years.
Data provided by Statista Market Insights are estimates.
CO2 emissions exert a profound influence on climate and the environment, fueling the greenhouse effect and contributing significantly to global climate change. Nearly one-fourth of these emissions worldwide can be attributed to the transportation sector. Electric vehicles (EVs) emerge as a promising solution, potentially acting as a carbon-neutral alternative when powered by renewable energy sources. This underscores their pivotal role in mitigating the impact of traditional combustion engine vehicles on the environment.
The Electric Vehicles market includes information about electric vehicles in countries where, according to our sources, a public electric vehicle charging infrastructure is already available. In this context, “public” means that people have unrestricted access to the charging infrastructure. A vehicle can be defined as electric if it is self-contained with a battery or classified as a plug-in hybrid. All key figures shown represent the sales of new cars, and their basic configuration in the respective year. The figures do not include the sale of used vehicles nor adapted equipment for the new cars sold. The prices and revenues shown are accordingly based on the basic models.
The Electric Vehicle market is divided into distinct two distinct markets, namely Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs). This categorization allows for a nuanced understanding of the market dynamics, considering the specific attributes and market penetration of each electric vehicle type. The emphasis on new car sales and their foundational configurations ensures clarity, while the exclusion of used vehicles and customizations maintains focus on the evolving landscape of electric vehicles.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Statista Market Insights. (June 13, 2024). Revenue in the electric vehicles market Worldwide from 2016 to 2028 (in billion U.S. dollars) [Graph]. In Statista. Retrieved October 03, 2024, from https://www.statista.com/forecasts/1438688/revenue-electric-vehicles-electric-vehicles-market-worldwide
Statista Market Insights. "Revenue in the electric vehicles market Worldwide from 2016 to 2028 (in billion U.S. dollars)." Chart. June 13, 2024. Statista. Accessed October 03, 2024. https://www.statista.com/forecasts/1438688/revenue-electric-vehicles-electric-vehicles-market-worldwide
Statista Market Insights. (2024). Revenue in the electric vehicles market Worldwide from 2016 to 2028 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: October 03, 2024. https://www.statista.com/forecasts/1438688/revenue-electric-vehicles-electric-vehicles-market-worldwide
Statista Market Insights. "Revenue in The Electric Vehicles Market Worldwide from 2016 to 2028 (in Billion U.S. Dollars)." Statista, Statista Inc., 13 Jun 2024, https://www.statista.com/forecasts/1438688/revenue-electric-vehicles-electric-vehicles-market-worldwide
Statista Market Insights, Revenue in the electric vehicles market Worldwide from 2016 to 2028 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1438688/revenue-electric-vehicles-electric-vehicles-market-worldwide (last visited October 03, 2024)
Revenue in the electric vehicles market Worldwide from 2016 to 2028 (in billion U.S. dollars) [Graph], Statista Market Insights, June 13, 2024. [Online]. Available: https://www.statista.com/forecasts/1438688/revenue-electric-vehicles-electric-vehicles-market-worldwide