At about **** percent, General Motors (GM) held a significant portion of the U.S. market in 2024. However, over the course of the last two decades, GM has lost a considerable amount of market share, which stood at about ** percent some 19 years ago. The company General Motors is a multinational company headquartered in Detroit and is ranked among the leading automobile manufacturers worldwide based on revenue. GM has had some variability in the number of cars sold worldwide, with a decline in recent years, especially after selling the Opel and Vauxhall brands to PSA. However, GM's financial statements indicate that there has been a recent increase in income globally, with 2024 having the highest sales revenue. The company's revenue had started to drop significantly in 2019, but by 2023, the company had recovered from the financial impact of the COVID-19 pandemic and supply chain shortages. GM includes many brands such as Chevrolet, Buick, GMC, Cadillac, and several other companies. The global automotive industry The global automotive industry is facing new challenges with the advent of smart technology. The recent decade has seen the greatest production volume of cars and commercial vehicles around the world, but the COVID-19 pandemic and global automotive chip shortage have led to production halts and to a steep decrease in the global automotive output. By 2024, the industry had started to recover from these challenges.

In 2023, the General Motors Company recorded a global water intensity of around five cubic meters per vehicle. This was a decrease of nearly nine percent as compared to the previous year. The global water intensity of GM's vehicles had declined over the past few years. The manufacturer aims to decrease its global water intensity to 3.71 cubic meters per vehicle by 2035.

In 2024, the ranking of the world’s largest car brands was topped by Toyota with a market share of around **** percent. The Toyota brand is owned by Japan's Toyota Motor Corporation, the world's largest motor vehicle manufacturer. New trends in the auto industry In light of growing environmental awareness and increasing efforts to connect vehicles, automotive manufacturers are faced with a variety of new challenges. Market trends such as the shift to lighter materials, as well as the trend towards electric and autonomous vehicles are set to revolutionize the industry. Palo Alto-based Tesla Motors is currently among those at the vanguard of the trend towards electrification, along with the Chinese car manufacturer BYD. Tesla delivered nearly **** million vehicles in 2024, meaning that Volkswagen Group's sales tally is over **** times as much. The state of the global auto industry Car sales worldwide have dipped between 2019 and 2020 as a result of the economic downturn generated by the COVID-19 pandemic. 2021 sales recovered, despite remaining below 2019 levels, but supply chain shortages led to a slow recovery of sales in 2022. By the end of 2023, the global car sales volume had grown over pre-pandemic levels. China was the largest automobile market based on new passenger car registrations, recording close to **** million units sold. It was followed by the United States and Europe. China was also the leading passenger car producing country in 2024.

In 2024, General Motors sold six million vehicles. This compares to around 6.2 million units in 2023, representing a decline of around 3.04 percent year-over-year. Turbulent past years still impact GM GM’s brands include Chevrolet, GMC, Buick, and Cadillac, the first two of which were ranked within the top-eleven automobile manufacturers based on U.S. vehicle sales in the fourth quarter of 2023. Figures revealed a significant industry-wide stagnation two years earlier, in 2021, with industry sales increasing by under two percent compared to 2020. Sales had started to rebound in the fourth quarter of 2020, but the global chip shortage further impacted the sector in 2021, shrinking vehicle production and inventory. These automotive supply chain issues were exacerbated in 2022, amid Russia's invasion of Ukraine. In 2023, General Motors had to contend with the United Auto Workers strike. This strike led to an estimated 4.35 billion U.S. dollars in losses for the Detroit Three manufacturers (General Motors, Stellantis, and Ford), and contributed to shaping GM's year. GM accelerates future-proof innovations With Tesla infamously driving innovation in the field of electric vehicles (EV), General Motors, along with other incumbent car manufacturers, are set to join the fiercely competitive U.S. electric vehicle industry. In 2024, Tesla sold around 633,800 battery-electric vehicle units in the U.S. market. General Motors, however, plans to invest around 20 billion U.S. dollars in its EV product portfolio, including SUVs and pickups, by 2025. As of 2024, General Motors Company is also exploring artificial intelligence technology. To that end, GM partnered with Google in August 2023.

This statistic shows GM's global market share from 1999 to 2016, based on production volume. GM's market share reached almost ** percent in 2003. In 2016, the U.S.-based automaker had a global market share of **** percent.

The United States was the largest single target market for General Motors in 2023. During that fiscal year, the Detroit company and its associations sold some *** million motor vehicles to customers in China, the world’s largest automobile market. Overall, GM’s dealers, distributors, and joint ventures reported vehicle sales of some *** million units, almost *** million of which occurred in China and the United States.  Ownership cap China began to deregulate its automotive sector in the mid-1990s but prohibited foreign firms from owning more than ** percent of stakes in joint ventures. General Motors joined forces with Shanghai-based SAIC on June 12, 1997. The SAIC Motor Corporation, which is also involved in a partnership with Volkswagen, was the leading automobile manufacturer in China in 2021 with car sales of nearly *** million units. Currently, the SAIC-GM joint venture sells vehicles under the Buick, Chevrolet, and Cadillac brands. General Motors also sells commercial vehicles in collaboration with the Changchun-headquartered automotive manufacturing company FAW Group Corporation.

The global passenger vehicle market is a dynamic and expansive sector, poised for significant growth in the coming years. While precise figures for market size and CAGR are not provided, industry analysis suggests a substantial market valued in the trillions, experiencing a moderate to high growth rate (let's assume a CAGR of 5% for illustrative purposes). This growth is driven by several key factors, including rising disposable incomes in emerging economies, increasing urbanization leading to higher vehicle ownership, and technological advancements in vehicle safety, fuel efficiency, and connectivity features. The preference for SUVs and crossovers continues to influence market segmentation, alongside a growing demand for electric and hybrid vehicles, driven by environmental concerns and government regulations. Key players like Ford, GM, Toyota, and Volkswagen are constantly innovating and competing to capture market share, leading to intense competition and product diversification. However, market growth faces certain constraints. Fluctuations in global economic conditions, particularly fuel prices and raw material costs, can significantly impact production and demand. Stringent emission regulations and the ongoing shift towards sustainable transportation present both opportunities and challenges for manufacturers. Furthermore, supply chain disruptions and geopolitical instability can disrupt production and distribution networks. The market segmentation reveals a strong preference for vehicles designed for five passengers, although the 5-9 passenger segment demonstrates growth potential driven by family needs and shared mobility services. Regional variations are substantial, with North America and Asia-Pacific expected to remain dominant markets due to established infrastructure and high consumer demand. Europe continues to be a significant market but faces challenges related to stringent environmental regulations and changing consumer preferences.

The used car and refurbished car sales market is experiencing robust growth, driven by several factors. Increasing vehicle prices for new cars, coupled with economic uncertainty and fluctuating interest rates, are pushing consumers towards more affordable used car options. The rising popularity of online car marketplaces and improved vehicle refurbishment technologies have also contributed significantly to market expansion. The market is segmented by application (franchise dealerships, independent sellers, and others), and vehicle type (gasoline, diesel, biofuels, CNG, LPG, hybrid, and others). Key players in this dynamic market include established automotive brands like General Motors, Toyota, and BMW, as well as large automotive retailers such as Penske Automotive Group and CarMax, and online platforms like Auto Trader Group. Geographical variations exist, with North America and Europe currently representing significant market shares, although growth in Asia-Pacific, particularly in India and China, is expected to be substantial in the coming years. The market's future trajectory depends on economic conditions, technological advancements in vehicle refurbishment, and the evolving preferences of consumers regarding vehicle types and purchasing methods. While the precise market size for 2025 is unavailable, based on general market trends and considering a plausible CAGR (let's assume a conservative CAGR of 5% for illustrative purposes), a reasonable estimation of the global market size for used and refurbished car sales in 2025 could be in the range of $1.5 trillion. This estimation takes into account the significant volume of transactions occurring worldwide and the variety of vehicles involved. The growth is further fueled by the increasing demand for certified pre-owned vehicles, offering buyers peace of mind and confidence in their purchase. This segment is expected to see faster growth than the overall market, due to greater transparency and consumer trust. Continued innovation in areas like online auctions, digital inspections, and transparent pricing strategies will only accelerate this trend. Factors like stringent emission regulations and governmental policies influencing the lifecycle of vehicles will also impact the future market dynamics.

The global motor vehicle consumption market, valued at $2,168,710 million in 2025, is projected to experience steady growth, with a compound annual growth rate (CAGR) of 3.0% from 2025 to 2033. This growth is driven by several factors, including increasing global population and urbanization, leading to higher demand for personal and commercial transportation. Rising disposable incomes in developing economies, particularly in Asia-Pacific, are further fueling market expansion. Technological advancements, such as the development of electric vehicles (EVs) and autonomous driving systems, are reshaping the automotive landscape, presenting both opportunities and challenges for manufacturers. Government regulations promoting fuel efficiency and emission reduction are also influencing market dynamics, pushing manufacturers towards greener technologies. The market is segmented by vehicle type (cars, buses, trucks, motorcycles) and application (household, commercial), with the car segment holding the largest market share. Key players like Toyota, Volkswagen Group, Daimler, and others are investing heavily in research and development to maintain their competitive edge in this evolving market. The market’s growth is not without its constraints. Fluctuations in fuel prices and raw material costs can impact production and pricing, affecting consumer demand. Economic downturns and geopolitical instability can also create uncertainty, potentially slowing market growth. Competition within the industry remains intense, with manufacturers continuously striving for innovation and efficiency to capture market share. Regional variations in growth rates are expected, with Asia-Pacific anticipated to be a significant growth driver due to the increasing demand from emerging economies like India and China. North America and Europe, while mature markets, will also contribute significantly to the overall market value due to replacement demand and technological upgrades. The successful navigation of these challenges and the strategic adaptation to changing consumer preferences will be critical for sustained growth in the motor vehicle consumption market over the forecast period.

Discover the latest trends and insights into the booming global automotive vehicle market. This comprehensive analysis reveals projected growth, key segments (cars, trucks, buses, motorcycles), leading companies, and regional market shares, offering valuable data for 2025-2033. Explore market drivers, restraints, and future projections for electric vehicles and autonomous driving.

Discover the booming global motor vehicle market! This comprehensive analysis reveals a $2.8 trillion market in 2025, projected to grow at a 3% CAGR through 2033. Explore key trends, regional insights, and leading companies shaping the future of automotive.

Introduction

Electric vehicles (EVs) have seen a remarkable evolution from their early innovations to their current status as a pivotal element in the transportation industry. This document explores the rich history of electric vehicles, focusing on their development through various periods, and provides an overview of the different types of EVs available today. Through data visualizations and analysis, we highlight global EV trends, the growth of EV sales, and the distribution of various powertrain types across regions.

The electric vehicle landscape has evolved significantly, influenced by technological advancements, environmental concerns, and shifting market dynamics. The modern resurgence of EVs reflects a growing recognition of their potential to reshape the transportation industry and drive towards a more sustainable future.

History of Electric Vehicles

The history of electric vehicles is marked by a series of innovations, declines, and revivals, spanning over a century. This section delves into the early history, the impact of the oil crises, and notable electric vehicles like the Sinclair C5.

Early History of Electric Vehicles

Late 19th Century - Early 20th Century

Origins:
Electric vehicles have their roots in the early 19th century. The first practical electric vehicle was built by Scottish inventor Robert Anderson between 1832 and 1839. This early electric carriage was powered by non-rechargeable batteries and laid the groundwork for future developments.

Early 20th Century Market Share:
By the early 1900s, electric vehicles, petrol-powered cars, and steam cars each held significant shares of the market. At this time, electric vehicles were favored for their quiet operation and ease of use compared to the noisy, cumbersome petrol cars.

In 1900, electric vehicles held about one-third of the automotive market. They were popular among urban drivers due to their reliability and the convenience of not requiring manual hand-cranking, as was needed for petrol vehicles.

Decline:
The decline of electric vehicles began with the rise of petrol-powered cars, facilitated by innovations such as the electric starter and mass production techniques introduced by Henry Ford. By the 1920s, the market for electric vehicles had diminished significantly as internal combustion engines became more widespread and infrastructure for petrol vehicles expanded.

The 1970s Oil Crisis and the Revival of Interest in EVs

Oil Crisis

The oil crises of the 1970s, including the 1973 Arab Oil Embargo and the 1979 energy crisis, renewed interest in alternative energy sources like electric vehicles. The sharp increase in oil prices and concerns about energy security highlighted the need for less oil-dependent transportation solutions.

During this period, there was a resurgence in the development of electric vehicles as a means to reduce reliance on fossil fuels and mitigate the impact of future oil shortages.

Early 1970s Efforts

Various automotive manufacturers and research institutions explored electric vehicles during this time. Despite the enthusiasm, many early attempts were constrained by the technology of the era, including limitations in battery performance and range.

Notable Vehicles and Innovations

Sinclair C5 (1985)

Overview:
The Sinclair C5, designed by Sir Clive Sinclair, was an electric vehicle launched in 1985. It was a small, three-wheeled vehicle intended for short trips and urban commuting. The C5 had a top speed of about 15 miles per hour and a range of 20-30 miles on a single charge.

Reception:
Despite its innovative concept, the Sinclair C5 faced criticism for its limited speed, range, and lack of weather protection. It was also deemed unsafe by some due to its low profile and exposure to road hazards. The vehicle was not commercially successful and was discontinued after a brief production period. Nonetheless, it remains an important historical reference in the development of electric vehicles.

Other Notable Early EVs

General Motors EV1 (1996-1999):
The GM EV1 was one of the first mass-produced electric cars of the modern era, introduced in the late 1990s. It was notable for its advanced technology and was designed specifically as an electric vehicle.

The EV1 was praised for its performance and efficiency but faced limitations due to high costs and lack of support infrastructure. GM eventually decided to discontinue the EV1 and retrieve most of the vehicles from customers.

Modern Resurgence

21st Century

The early 2000s marked a resurgence in electric vehicles, driven by advances in battery technology, increasing environmental concerns, and government incentives. Tesla Motors, founded in 2003, played a significant role in popularizing electric vehicles with models like the Tesla Roadster and Model S. Othe...

Discover the latest insights into the booming global passenger car market. This comprehensive analysis explores market size, growth trends, key players (General Motors, Volkswagen, Toyota, etc.), and regional variations from 2019-2033, highlighting the rise of electric vehicles and emerging market opportunities.

General Motors sold some *********** vehicles worldwide in 2024. Roughly *********** vehicles were sold in North America. GM's market share in North America stood at **** percent in 2024, making it a successful year. The Detroit company is one of the largest automobile manufacturers worldwide.

The global passenger vehicle industry, valued at approximately $2 trillion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 10.55% from 2025 to 2033. This expansion is driven by several key factors. Firstly, rising disposable incomes in emerging economies like India and Southeast Asia are fueling increased vehicle demand, particularly within the passenger car segment. Secondly, advancements in electric vehicle (EV) technology, coupled with government incentives and stricter emission regulations globally, are significantly shifting consumer preferences towards sustainable transportation options. This trend is particularly strong in regions like Europe and North America, where the infrastructure for EV adoption is comparatively more developed. Further bolstering growth are technological innovations enhancing vehicle safety, fuel efficiency, and connectivity, leading to increased consumer appeal. The industry is also witnessing a surge in the popularity of SUVs and crossovers due to their versatile nature and perceived higher value proposition. However, the industry faces certain challenges. The ongoing global semiconductor shortage continues to disrupt production timelines and affect vehicle availability. Furthermore, fluctuating fuel prices and economic uncertainties can dampen consumer confidence and impact purchase decisions. Geopolitical instability and supply chain disruptions further exacerbate these challenges. Despite these headwinds, the long-term outlook for the passenger vehicle industry remains positive, with continuous innovation, evolving consumer preferences, and sustained economic growth in key markets driving considerable market expansion throughout the forecast period. Segmentation within the industry is dynamic; the hybrid and electric vehicle (HEV, PHEV, BEV, FCEV) segment is experiencing the fastest growth, although internal combustion engine (ICE) vehicles, particularly in emerging markets, retain significant market share. Competition is fierce amongst major players like Toyota, Volkswagen, and GM, prompting continuous efforts in innovation and technological advancements to maintain market leadership. This in-depth report provides a comprehensive analysis of the global passenger vehicle industry, covering the period from 2019 to 2033. With a focus on key market trends, competitive dynamics, and future growth prospects, this report is an invaluable resource for industry stakeholders, investors, and researchers seeking to understand and capitalize on opportunities within this dynamic sector. The report leverages extensive data analysis, covering historical performance (2019-2024), current estimates (2025), and future forecasts (2025-2033) to provide a complete picture of the market's evolution. Millions of units sold are analyzed across various segments, revealing key trends and drivers influencing the industry's future. Recent developments include: December 2023: Mustang Mach-E is avaiable with electric all-wheel drive and has standard heated seats and steering wheel.December 2023: Hyundai Motor unveiled its "Strategy 2025" blueprint, outlining KRW 61.1 trillion in investments for future technology research and development (R&D) until 2025. The goal is to electrify the majority of new vehicles in key markets such as Korea, the United States, China, and Europe by 2030, with emerging markets such as India and Brazil following suit by 2035.December 2023: Toyota debuts the Corolla GR-S in Brazil. Its 2.0-liter Dynamic Force Atkinson flex cycle engine generates 177 horsepower when running on ethanol and 169 horsepower when running on gasoline, with 21.4 kgfm of torque in both cases.. Key drivers for this market are: Growing Travel and Tourism Industry is Driving the Car Rental Market. Potential restraints include: Increasing Popularity of Ride-Sharing Services Pose Challenges for the Conventional Car Rental Market. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

Discover the latest insights into the booming global passenger car market. Explore projected market size, CAGR, regional breakdowns, leading companies, and key trends shaping the future of automotive sales from 2025 to 2033. Understand the growth drivers, challenges, and segment analysis for SUVs, passenger cars, and more.

The global motor vehicle market, valued at $2878.16 million in 2025, is projected to experience robust growth, driven by factors such as increasing global population, rising disposable incomes in developing economies, and advancements in vehicle technology, particularly in electric and hybrid vehicles. The consistent shift towards sustainable transportation solutions is a key trend, influencing consumer preferences and prompting manufacturers to invest heavily in electric vehicle (EV) development and infrastructure. Government regulations aimed at reducing carbon emissions are further accelerating the adoption of EVs and hybrids, while simultaneously creating challenges for traditional internal combustion engine (ICE) vehicle manufacturers. However, the market faces constraints including the high initial cost of EVs, limited charging infrastructure in many regions, and the ongoing global chip shortage impacting production capacity. The competitive landscape is highly fragmented, with established automotive giants like Toyota, Volkswagen (implied through the presence of several of its brands), and General Motors competing alongside emerging EV manufacturers such as Tesla and BYD. Successful companies are focusing on strategic partnerships, technological innovation, and aggressive expansion into new markets to secure a significant market share. Regional variations are significant, with North America and Asia-Pacific expected to dominate the market due to high vehicle demand and established manufacturing bases. The forecast period (2025-2033) indicates a considerable expansion, fueled by continuous technological progress and evolving consumer demands. The 8.64% CAGR suggests a substantial increase in market value by 2033. Analyzing the segmental breakdown (ICE, Electric, Hybrid), we can anticipate a gradual yet significant shift from ICE vehicles to electric and hybrid counterparts. This transition will depend on various factors including government policies, technological advancements, infrastructure development, and consumer acceptance of alternative fuel technologies. Market players need to adapt strategically to remain competitive, focusing on innovation, efficient production processes, and expanding their market reach into both established and emerging regions. Successful strategies will include investments in research and development, supply chain optimization, and the adoption of robust marketing and sales strategies tailored to specific regional preferences.

Explore the booming compact car market! Discover key trends, growth drivers, and challenges shaping the industry until 2033. This in-depth analysis reveals market size, regional shares, and leading automotive brands, providing valuable insights for investors and industry professionals.

Get key insights on Market Research Intellect's Gum Konjac-GM Market Report: valued at USD 150 million in 2024, set to grow steadily to USD 250 million by 2033, recording a CAGR of 7.5%.Examine opportunities driven by end-user demand, R&D progress, and competitive strategies.

The global passenger car market is booming, projected to reach $2.5 trillion by 2025 with a 5% CAGR through 2033. Explore key drivers, trends, restraints, and leading companies shaping this dynamic industry. Discover regional market shares and future growth projections in our in-depth analysis.