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Electric vehicle market estimated to reach 802 81 billion 22 6 cagr during 2019 2027 battery electric vehicle type to grow at 29 1 cagr.
Us electric car market share. How many people own electric cars. 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. Electric car and plug in hybrid market. The plug in car segment had a market share of 1 3 of new car registrations in 2016 and rose to 3 6 in 2019.
The market share of plug in electric passenger cars increased from 0 14 in 2011 to 0 37 in 2012 0 62 in 2013 and reached 0 75 of new car sales in 2014. Based on these statistics the transition to electric cars is clear but the speed of adoption remains debatable. Meaning electric vehicles account for only 2 2 of the global vehicle market share. Ev market share grew to 1 8 in march 2019 up from 1 6 in march 2018.
Tesla is keeping the us electric car market alive and growing as new data shows that the california based automaker owns about 60 of the us market. Median forecast of 2020 u s. 5 6 europe passenger car market share analysis 5 6 1 bev 5 6 2 phev 5 7 us passenger car market share analysis 2017 5 8 us passenger car market share analysis 2018 5 9 china passenger car market share analysis 2017 5 1 china passenger car market share analysis 2018 5 11 companies analysis in ev ecosystem. Ev marketshare is growing but still represents a tiny fraction of all cars in the u s.
As plug in car sales slowed down during the 2015 the segment s market share fell to 0 66 of new car sales then increased to 0 90 in 2016. A weighted average of multiple forecasts puts u s. Ev sales as a fraction of all new car sales were 1 5 in q1 2019. Market share percent of all cars sold 0 10 000 20 000 30 000 40 000 50 000 60 000 70 000 80 000 90 000 100 000.
For many people when they think of electric. The largest country markets in the region are norway the uk germany france and the netherlands.
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