Revenue in the Electric Vehicles market is projected to reach US$51.90bn in 2023.
Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 17.21%, resulting in a projected market volume of US$97.96bn by 2027.
Electric Vehicles market unit sales are expected to reach 1,629.4K vehicles in 2027.
The volume weighted average price of Electric Vehicles market in 2023 is expected to amount to US$60.10k.
From an international perspective it is shown that the most revenue will be generated in China (US$190,400.00m in 2023).
CO2 emissions have a serious impact on the climate and the environment. They contribute to the greenhouse effect, which causes climate change. Traffic is responsible for nearly one quarter of all CO2 emissions worldwide. Electric vehicles (EVs) could decelerate climate change because they have the potential of being completely carbon-neutral if their batteries and the electricity to power them are produced using renewable energies.
The Electric Vehicles segment 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.
Battery electric vehicles (BEVs)
Plug-in hybrid electric vehicles (PHEVs)
Road electric vehicles
Electric vehicles that are not self-contained and cannot be classified as BEVs or PHEVs
Rail electric vehicles
Surface and underwater vessels
Electric aircraft or spacecraft
Motorcycles, scooters, mopeds, buses, vans, and trucks