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About 2.1 Million Electric Vehicles were Sold in 2018 Globally, of which Nearly 1.2 Million were Sold in China Alone, Occupying more than 57% of the Market - ResearchAndMarkets.com

January 14, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 14, 2020--

The “Executive Report on Global Electric Vehicle (EVs) Sales in 2018 and H1 2019” report has been added to ResearchAndMarkets.com’s offering.

The cost-driven EV market is heavily dependent on subsidies and incentives offered by various governments on EV purchase and charging. Netherlands and Hong Kong have witnessed a decrease in EV sales post the removal of grants/subsidies on purchase of EVs. Norway has enjoyed a high growth rate of 4.8% with more than 21% of vehicles sold in the country being EVs through their incentives and subsidy programs. Governments around the world are expected to be target higher growth rates due to the stringent emission norms and fuel economy standards.

OEMs are observed to upgrade vehicle battery packs in order to deliver more electric range and launch new car models in order to nullify the range anxiety of drivers. Deployment of charging stations has also been growing steadily with more than 90,000 charging stations across the globe. More and more charging operators/aggregators are entering the market making the EV ecosystem more competitive.

China is dominating the market currently with BYD EC180/200 EV emerging as the most sold EV due to local markets and is followed by vehicles from Tesla, Toyota, Nissan and Renault. China is expected to continue dominating the market but the expected launches of upgraded versions of many existing models in Europe and USA is anticipated to lead to a new model occupying the top spot in 2018 sales.

This study offers key highlights from analysis of the global electric vehicle market sales in 2017 and trends specifically for the most dynamic markets of Europe, North America, China, Japan, and South Korea. It also provides various insights on the split between type of vehicles, incentives/subsidies in various countries, charging station deployment (Fast chargers in few countries) and monthly sales data for top 20 countries in 2017. The study covers major markets of Americas (Canada, USA and Mexico), Europe (Germany, UK, Sweden, Italy, Spain, Norway, Netherlands etc.) and Asia (China, Japan, South Korea, Hong Kong, Malaysia etc.).

Key Issues Addressed

Key Topics Covered:

1. Executive Summary

2. Research Scope, Objectives, and Methodology

3. China

4. The United States

5. Norway

6. Germany

7. Japan

8. The United Kingdom

9. France

10. Sweden

11. Canada

12. Belgium

13. South Korea

14. The Netherlands

15. Spain

16. Malaysia

17. Switzerland

18. Austria

19. Italy

20. Portugal

21. Finland

22. Denmark

23. Growth Opportunities and Companies to Action

24. Conclusions and Future Outlook

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/zbfgb4

View source version on businesswire.com:https://www.businesswire.com/news/home/20200114005381/en/

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SOURCE: Research and Markets

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PUB: 01/14/2020 05:59 AM/DISC: 01/14/2020 05:59 AM