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    Home > Chemicals Industry > International Chemical > Global sales of electric vehicles will exceed 10 million in 2025

    Global sales of electric vehicles will exceed 10 million in 2025

    • Last Update: 2023-01-01
    • Source: Internet
    • Author: User
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    According to the latest market research report released by Markets and Markets, global electric vehicle sales will reach 10.
    79 million units by 2025, with a compound annual growth rate of 32.
    57%
    during the period.

    According to the report, in 2018, more than 2 million electric vehicles were sold worldwide
    .
    With government policy support, increased consumer awareness of environmental protection and continuous improvement of charging infrastructure, electric vehicle sales will show a sustained and rapid growth trend in the next few years
    .

    Technological advancements and leading OEMs are increasingly focusing on R&D activities to launch quality electric passenger cars
    at affordable prices.
    Models in the electric passenger car segment, such as Tesla S, Nissan, BYD and Mitsubishi, were the best-selling electric passenger cars
    in 2016.

    In 2018, electric vehicles including pure electric vehicles and plug-in hybrid vehicles sold more than 2 million units, and pure electric vehicles are expected to dominate the overall electric vehicle market
    during the forecast period.
    Governments around the world are supporting this type of zero-emission vehicle
    through subsidies, tax rebates and other policies.
    At the same time, with the continuous improvement of charging infrastructure, shorter charging times and existing government support will help make pure electric vehicles dominate the entire new energy vehicle market
    .

    From a regional perspective, Asia Pacific is expected to become the world's largest regional market
    .
    Among them, government support and other non-economic benefits in the two main markets of China and Japan, such as license plates and exemption from road tax, will greatly promote sales growth
    in these two major markets.

    From the perspective of automakers, Tesla, Nissan, BYD, BMW, and Volkswagen will be the leading global electric vehicle manufacturers
    during the forecast period.

    According to the latest market research report released by Markets and Markets, global electric vehicle sales will reach 10.
    79 million units by 2025, with a compound annual growth rate of 32.
    57%
    during the period.

    Electric vehicle

    According to the report, in 2018, more than 2 million electric vehicles were sold worldwide
    .
    With government policy support, increased consumer awareness of environmental protection and continuous improvement of charging infrastructure, electric vehicle sales will show a sustained and rapid growth trend in the next few years
    .

    Technological advancements and leading OEMs are increasingly focusing on R&D activities to launch quality electric passenger cars
    at affordable prices.
    Models in the electric passenger car segment, such as Tesla S, Nissan, BYD and Mitsubishi, were the best-selling electric passenger cars
    in 2016.

    In 2018, electric vehicles including pure electric vehicles and plug-in hybrid vehicles sold more than 2 million units, and pure electric vehicles are expected to dominate the overall electric vehicle market
    during the forecast period.
    Governments around the world are supporting this type of zero-emission vehicle
    through subsidies, tax rebates and other policies.
    At the same time, with the continuous improvement of charging infrastructure, shorter charging times and existing government support will help make pure electric vehicles dominate the entire new energy vehicle market
    .

    From a regional perspective, Asia Pacific is expected to become the world's largest regional market
    .
    Among them, government support and other non-economic benefits in the two main markets of China and Japan, such as license plates and exemption from road tax, will greatly promote sales growth
    in these two major markets.

    From the perspective of automakers, Tesla, Nissan, BYD, BMW, and Volkswagen will be the leading global electric vehicle manufacturers
    during the forecast period.

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