Electric vehicles amounted to nearly 16 percent of global passenger car sales in 2023, which was a rise of around 2.8 percentage points year-over-year. Electric vehicle sales have rapidly increased since 2017, when they rose above one percent of the market, and have particularly accelerated since 2020. Many consumers started looking for more sustainable transportation methods amid the COVID-19 pandemic due to increased environmental consciousness. This contributed to the EV market expansion worldwide. A market driven by innovation Various factors contribute to the rapid growth of the electric vehicle market, including consumer perception, governmental targets, and investments in technological innovation. Regional institutions and national governments are committing to policies supporting electric vehicle adoption worldwide, with around 97 percent of the light-duty vehicle market comprising countries with these policies. Governmental spending on electric cars reached around 45 billion current U.S. dollars in 2022, the steepest increase recorded in the past five years, and global automakers are also allocating part of their revenue toward research and development expenses. Challenges and opportunities for EV charging Electric vehicle charging was the second technology type receiving the most early and growth-stage venture capital investments in 2023, above electric vars and electric two-wheelers. In 2023, there were around 11 electric vehicles per charging point worldwide, and access to this infrastructure was unequal, with China boasting the largest electric vehicle supply equipment network. Slow chargers, typically alternating current, were also the most common charging type, creating opportunities for the development of fast charging across the globe.

China was the largest market for plug-in electric vehicle sale worldwide in 2023, with around 8.1 million sales recorded that year. Europe was second in the ranking, with around 3.2 million electric vehicles sold that same year.

This shows records of title activity (transactions recording changes of ownership), and registration activity (transactions authorizing vehicles to be used on Washington public roads).

In the fourth quarter of 2024, over 365,800 battery-electric vehicles were sold in the United States. This was a year-over-year increase of around 15.2 percent compared to the sales recorded in the fourth quarter of 2023. The fourth quarter of 2024 also recorded a hike in sales compared to the third quarter of that same year, making it the best quarter for BEV sales in the country across the past two years. Global EV Race - Where does the U.S. stand? Over the last few years, consumers have perceived Electric Vehicles (EVs) as a far more appealing option due to their increased range, battery life, variety of models, and affordability. Therefore, the EV market has grown fast in recent years and is forecast to expand to 1.1 trillion U.S. dollars in 2029. Though the global demand for electric cars has been escalating, American sales lag behind Europe and the Asia-Pacific regions. In 2023, Chinese customers bought around 8.1 million plug-in EVs, considerably more than American customers' purchases,around 1.4 million that year. China is the leader of the global EV race, with a substantial 36 percent growth in sales year-on-year in 2023. However, given the market share of electric vehicles in the global automotive industry, this still can be anyone's race. Outlook of the U.S. market There is still a lack of interest in electric vehicles among American buyers compared to European and Asian consumers. In the first quarter of 2021, the share of the battery electric vehicle was 55.1 percentage points more in Norway than in the U.S.. One of the main reasons is that American consumers still anticipate that EVs are more expensive than gasoline vehicles and diesel internal combustion engine cars (ICE). This perception is partially true in the U.S. since the battery production market is highly concentrated in Asia, where the companies have logistical advantages, leading automotive makers to offer better prices. On the other hand, high licensing fees for electric vehicles are another factor affecting the consumption behaviors of automobile purchasers. In many states, the licensing fees for electric cars are considerably higher than their ICE counterparts. EV licensing fees were around 345 U.S. dollars compared to 25 U.S. dollars for standard vehicles in Georgia in 2021. Together, these factors significantly impact the individual perception of electric cars in the United States.

Please refer to the data article where the data is described (Data-in-brief, under review 2024).

The data article refers to the paper "A method for generating complete EV charging datasets and analysis of residential charging behaviour in a large Norwegian case study". The Electric Vehicle (EV) charging dataset includes detailed information on plug-in times, plug-out times, and energy charged for over 35,000 residential charging sessions, covering 267 user IDs across 12 locations within a mature EV market in Norway. Utilising methodologies outlined in the paper, realistic predictions have been integrated into the datasets, encompassing EV battery capacities, charging power, and plug-in State-of-Charge (SoC) for each EV-user and charging session. In addition, hourly data is provided, such as energy charged and connected energy capacity for each charging session.

The comprehensive dataset provides the basis for assessing current and future EV charging behaviour, analysing and modelling EV charging loads and energy flexibility, and studying the integration of EVs into power grids.

Quarterly data on zero-emission vehicle registration by fuel type, vehicle type and number of vehicles, Canada, the provinces, census metropolitan areas and census sub-divisions.

The global electric car market size was valued at USD 178.1 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 648.8 Billion by 2033, exhibiting a CAGR of 15.45% from 2025-2033. Asia Pacific currently dominates the market, holding the largest market share in 2024. The electric car market share is increasing due to the rising environmental awareness among consumers, strict emission standards put in place by various governments around the globe, and advancements made in battery technology and charging infrastructure. emissions standards by governments across the globe, and the advancements in battery technology and charging infrastructure are some of the major factors propelling the market.

This dataset contains the file of vehicle, snowmobile and boat registrations in NYS. Expired registrations are excluded. Records that have a scofflaw, revocation and/or suspension are included with indicators specifying this.

The Electric Vehicle Market estimated size and share is projected to exceed USD 1422.35 billion by 2034, with a forecasted CAGR of 12.5 during the period.

Elevate your Electric Vehicle (EV) development with Datatorq's comprehensive EV Data. We offer over 250 carefully curated and regularly updated data points, covering essential details like price, features, technical specifications, and dimensions.

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Datatorq's expansive and precise Electric Vehicle (EV) datasets are designed to empower innovation and success in your EV product development and pricing strategies across Europe. Gain a competitive edge in France, UK, Italy, Poland, Netherlands, Spain, Belgium, Germany, Austria, Czechia, Portugal, Romania, Switzerland, Denmark, Norway, Slovenia, Sweden, and Ireland.

Each layer provides a view of how public EV charging in the territory might change over the coming years, through to FY30. EV number details expected EV registrations garaged in suburbs across the ACT, forecast based on existing registration locations and trends in housing stock, income, and other factors relevant to EV uptake. EV total chargers estimates the number of public chargers required to meet public charging demand, based on EV numbers, trip distances and travel behaviours, and other relevant factors in determining how many public chargers might be required. Inherent in this is assumptions regarding how many EV owners are able to charge at home, based on dwelling type numbers (i.e. apartment buildings, where people are likely to be able to charge an EV, and would have to rely on public charging). For an overview of the methodology used to forecast EV registrations and demand for public charging, please see the ACT Government Public Charging Outlook.

In 2023, China experienced the most electric car sales throughout the Asia-Pacific region, with over eight million electric cars sold. Comparatively, approximately 38 thousand electric cars were sold in New Zealand in 2023.

Monthly EV charging stations consumption data for 2024.

Electric Car Registrations in France increased to 25335 Units in February from 19923 Units in January of 2025. This dataset includes a chart with historical data for France Electric Car Registrations.

Electric vehicle charging infrastructure statistics, including publicly available devices and grants provided by the Office for Zero Emission Vehicles (OZEV).

• Latest electric vehicle charging device statistics
• Latest electric vehicle charging device grant scheme statistics
• Archived data and past reports
• About electric vehicle charging infrastructure statistics

Around 740,800 electric vehicles were sold throughout Europe in the second quarter of 2024. This sales volume includes sales of battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV). Europe is one of the leading markets for plug-in vehicle sales worldwide. EV popularity and regional mandates keep the market growing The European plug-in electric vehicle (PEV) market had grown by 17 percent year-over-year between 2022 and 2023 and regional and governmental targets could propel sales even further. In June 2022, a European Parliament vote mandated that all new cars and vans sold in the European Union should be zero-emission vehicles by 2035 as part of an ongoing goal to reduce European transport emissions. Road transport, including passenger cars, made up most of the European Union’s transport sector carbon dioxide emissions in 2022, amounting to around 73.2 percent of the emissions. That same year, the use of electric vehicles in Europe displaced the equivalent of 6.1 billion liters of gasoline, making a dent in the region’s motor fuel consumption. The benefits of electric cars still depend on consumers’ perception of EVs. Charging infrastructure access impacts consumers’ perception Over half of the consumers in the European Union reported intending to purchase a hybrid or electric vehicle in a survey from the third quarter of 2022, a share which dipped to 49 percent in rural areas, where charging infrastructure is less accessible. Various factors can still make PEVs an inaccessible option for potential buyers. German consumers’ leading concerns regarding BEVs were their driving range, their cost, and the lack of charger at home. The rise in electric vehicle usage requires changes to the transport infrastructure, including a sufficient number of publicly available electric vehicle charging stations. Around 755,800 such charging stations were spread across Europe as of 2023. However, while the number of charging stations has increased, European countries still struggle to expand their network. There were under three charging locations per 100 kilometers of roadway in Germany, France, Spain, and Italy as of July 2021.

This dataset shows the energy use, length of charging time, gasoline savings and greenhouse gas emission reductions from all city-owned electric vehicle (EV) charging stations. Data are broken out by charging station name/location, transaction date, and transaction start time; 1 row indicates 1 EV charging station transaction. A data dictionary with descriptions of the fields included in the dataset can be downloaded https://webappsprod.bouldercolorado.gov/opendata/ev_datadictionary.csv.

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Electric Vehicle (EV) Market Size 2025-2029

The electric vehicle (EV) market size is forecast to increase by USD 446.4 billion at a CAGR of 16.4% between 2024 and 2029.

The market is experiencing significant growth driven by the increasing demand for low-emission vehicles and the adoption of charging stations powered by renewable energy. This shift towards sustainable transportation solutions is being fueled by growing environmental concerns and government initiatives to reduce carbon emissions. However, the market faces a major challenge in the form of insufficient charging infrastructure, which limits the widespread adoption of EVs. To capitalize on this market opportunity, companies must focus on expanding charging networks and collaborating with utility providers to integrate renewable energy sources. Additionally, advancements in battery technology and the development of longer-range EVs will further drive market growth.
Strategic partnerships and investments in research and development are essential for companies seeking to stay competitive in this rapidly evolving market. Overall, the EV market presents a significant opportunity for businesses to contribute to a more sustainable future while capitalizing on the growing demand for low-emission transportation solutions.

What will be the Size of the Electric Vehicle (EV) Market during the forecast period?

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The market continues to gain momentum, driven by advancements in battery technology, charging infrastructure, and declining battery costs. EVs, including battery electric transporters such as passenger cars, commercial fleets, electric two wheelers, and off-highway vehicles, are increasingly preferred over traditional gasoline and diesel-powered vehicles due to their environmental benefits and improving affordability. Solid state batteries and faster charging solutions are poised to further accelerate market growth. The global EV market size is projected to expand significantly, with passenger cars and light duty vehicles dominating the landscape. Heavy duty vehicles, including buses and trucks, are also making strides in the transition to electric powertrains.
The rollout of 5G networks is expected to facilitate the widespread adoption of EVs by enhancing charging infrastructure efficiency and enabling advanced connectivity features. Despite the rising popularity of EVs, crude oil and gasoline prices continue to influence the market dynamics, underscoring the importance of ongoing technological advancements and infrastructure development.

How is this Electric Vehicle (EV) Industry segmented?

The electric vehicle (ev) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  BEV
  PHEV


Charging

  Normal charging
  Super charging


Drive Type

  FWD
  RWD
  AWD
  FWD
  RWD
  AWD


Geography

  APAC

    China
    India
    Japan
    South Korea


  Europe

    France
    Germany
    Norway
    UK


  North America

    US
    Canada


  South America



  Middle East and Africa

By Type Insights

The BEV segment is estimated to witness significant growth during the forecast period.

Electric Vehicles (EVs), specifically Battery Electric Vehicles (BEVs), have gained significant traction in the transportation sector due to their environmental benefits and technological advancements. Unlike traditional vehicles fueled by crude oil, BEVs rely on rechargeable batteries as their sole source of propulsion. The large battery packs, which replace fuel tanks, store the necessary energy to power the electric motor. BEV manufacturing offers ease of production compared to Hybrid Electric Vehicles (HEVs) or Fuel Cell Electric Vehicles (FCEVs), as they do not require the intricacy of an internal combustion engine. The benefits of BEVs extend beyond manufacturing, with advantages such as energy efficiency, lower operating costs, and reduced emissions.

BEV adoption is influenced by factors like lower battery costs, 5G rollouts, and the expansion of EV charging infrastructure. With advancements in battery technology, EVs offer competitive ranges, addressing concerns related to range anxiety. Additionally, advancements in charging infrastructure, including fast chargers, smart charging, and wireless charging, enhance the convenience of EV ownership. BEVs are available in various classes, including light-duty passenger cars, heavy-duty commercial fleets, electric two-wheelers, and off-highway vehicles. As battery cell factories continue to develop more efficient and sustainable materials, the affordability and performance of BEVs are expected to improve further. BEVs' energy management systems employ machine learning and artificial intelligence to optimize power usag