Us Electric Vehicle Market Forecast

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.

Us electric vehicle market forecast. Based on the electric vehicle market analysis asia pacific accounts to be highest revenue contributor in 2019 and provides more business opportunities during the forecast period whereas north america is expected to see a lucrative growth during the forecast period which is also expected to provide more business opportunities for electric. The electric vehicle outlook is bloombergnef s annual long term forecast of how electrification shared mobility and autonomous driving will impact road transport from now out to 2040. The base year for the report is 2018 and the forecast period is from 2019 to 2030. Auto analysts and economists do not agree on future us auto sales but for our forecast we are assuming that auto sales will see a modest decline over the next several years do to a slowing economy changing purchase behavior including consumers holding onto cars longer and forgoing second and third cars by sharing and use of ride sharing services.

Understand consumer behaviors driving the adoption of electric vehicles. Inform financial models and supply demand forecasts with a one stop data set. To understand the analysis and the market scenario contact us for an analyst brief our team will help you create a revenue impact solution to achieve your desired goal. It covers light duty passenger vehicles commercial vehicles buses and two three wheeled vehicles.

The report on electric vehicle market offers in depth analysis on market trends drivers restraints opportunities etc. Evaluate key market trends in the electric vehicle market across multiple segments. With this significant volume growth sales of vehicles with an electric powertrain are forecast to account for 7 6 of total us vehicle sales in 2026. Such policies support electric vehicle market growth in the forecast period to 2027.

Along with qualitative information this report include the quantitative analysis of various segments in terms of market share growth opportunity analysis market value etc. Geographic expansions and technological innovations in the market. Assess commodity demand supply and price impact across oil fuels power infrastructure and metals and mining. The electric vehicle market has witnessed rapid evolution with the ongoing developments in automotive sector.

The number of electric vehicles on the road around the world will hit 125 million by 2030 the international energy agency forecasts.