Us Electric Vehicle Market Forecast

The world s fleet of electric vehicles grew 54 percent to.

Us electric vehicle market forecast. The base year for the report is 2018 and the forecast period is from 2019 to 2030. It covers light duty passenger vehicles commercial vehicles buses and two three wheeled vehicles. Such policies support electric vehicle market growth in the forecast period to 2027. Understand consumer behaviors driving the adoption of electric vehicles.

In 2018 vehicles with electric powertrains accounted for 1 2 of the us market about double the share in 2017 an increase almost solely due to the arrival of the tesla model 3. The electric vehicle outlook is bloombergnef s annual long term forecast of how electrification shared mobility and autonomous driving will impact road transport from now out to 2040. Auto analysts and economists do not agree on future us auto sales but for our forecast we are assuming that auto sales will see a modest decline over the next several years do to a slowing economy changing purchase behavior including consumers holding onto cars longer and forgoing second and third cars by sharing and use of ride sharing services. With this significant volume growth sales of vehicles with an electric powertrain are forecast to account for 7 6 of total us vehicle sales in 2026.

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. To understand the analysis and the market scenario contact us for an analyst brief our team will help you create a revenue impact solution to achieve your desired goal. 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. The electric vehicle market has witnessed rapid evolution with the ongoing developments in automotive sector.

The report on electric vehicle market offers in depth analysis on market trends drivers restraints opportunities etc. Evaluate key market trends in the electric vehicle market across multiple segments. Along with qualitative information this report include the quantitative analysis of various segments in terms of market share growth opportunity analysis market value etc. The number of electric vehicles on the road around the world will hit 125 million by 2030 the international energy agency forecasts.

Based on the electric vehicle market analysis asia pacific accounts to be highest revenue contributor in 2019 and provides more business opportunities during the forecast period whereas north america is expected to see a lucrative growth during the forecast period which is also expected to provide more business opportunities for electric.