Electric vehicles - global sales breakdown by segment 2020-2030

By 2030, it is estimated that battery electric vehicles will account for about 18 percent of worldwide car sales, while cars with an internal combustion engine (ICE) will account for just over 40 percent of the total market.

Leading segments

Rising popularity of plug-in battery electric vehicles could mean the end of the hybrid era, or at least plug-in hybrids. Stagnation in plug-in hybrids’ market share shows consumer preference set on fully electric or mild hybrid cars. Mild hybrid cars are powered identically to conventional combustion engines but may use an electric motor when less power is needed and the main engine could be switched off. Hybrids have been preferred over battery electric vehicles due to the much larger range of fuel propelled vehicles, but enhanced battery technology of electric vehicle range continues to narrow this gap. Batteries are now also able to power larger cars such as SUVs, enabling new demographics to be targeted.