Global Organization
With increasing battery size and improvements in battery technology and vehicle design, the sales-weighted average range of battery electric cars grew by nearly 75% between 2015 and 2023, although trends vary by segment.
Almost 14 million new electric cars 1 were registered globally in 2023, bringing their total number on the roads to 40 million, closely tracking the sales forecast from the 2023 edition of the Global EV Outlook (GEVO-2023). Electric car sales in 2023 were 3.5 million higher than in 2022, a 35% year-on-year increase.
Electric cars account for 95% of this growth. Globally, 95% of the growth in battery demand related to EVs was a result of higher EV sales, while about 5% came from larger average battery size due to the increasing share of SUVs within electric car sales.
Production in Europe and the United States reached 110 GWh and 70 GWh of EV batteries in 2023, and 2.5 million and 1.2 million EVs, respectively. In Europe, the largest battery producers are Poland, which accounted for about 60% of all EV batteries produced in the region in 2023, and Hungary (almost 30%).
Since 2021, first-quarter electric car sales have typically accounted for 15-20% of the total global annual sales. Based on this observed trend, coupled with policy momentum and the seasonality that EV sales typically experience, we estimate that electric car sales could reach around 17 million in 2024.
Throughout this report, unless otherwise specified, “electric cars” refers to both battery electric and plug-in hybrid cars, and “electric vehicles” (EVs) refers to battery electric (BEV) and plug-in hybrid (PHEV) vehicles, excluding fuel cell electric vehicles (FCEV). Unless otherwise specified, EVs include all modes of road transport.
Batteries for light electric vehicles (cars, SUVs, LCVs, and pickup trucks) had a faster production growth rate (+40%) than EVs (+35%) in 2023, as the market had several models introduced...
With the UK looking to ban new petrol and diesel vehicles by 2030, with the caveat of hybrids with very low emissions, electric cars may become the primary choice. As …
According to BNEF''s annual assessment – which rates 30 countries on their potential to build a secure, reliable and sustainable lithium-ion (Li-ion) battery supply chain – …
In 2023, 7.3% of all new car sales in America were fully-electric. In 2022, 5.8% of the new cars Americans bought were fully electric, up from 3.2% in 2021. According to …
It is developed with the support of members of the Electric Vehicles Initiative (EVI). Combining analysis of historical data with projections – now extended to 2035 – the report examines key areas of interest such as the deployment of …
Following up on my detailed report on the top electric vehicle models in the world, let''s look now at the top auto brands and OEMs in terms of EV sales. Top Selling Brands
Battery demand is rising quickly. Growth in battery demand for EVs has slowed slightly in the last year, but demand for stationary storage applications is rising faster than ever. Manufacturing of battery cells and the production of key …
Globally, 95% of the growth in battery demand related to EVs was a result of higher EV sales, while about 5% came from larger average battery size due to the increasing share of SUVs …
Wondering what electric car to buy? Our testing team looks at over 200 data points when rating vehicles. Check out what made our list of the best electric vehicles to buy in 2024.
It is developed with the support of members of the Electric Vehicles Initiative (EVI). Combining analysis of historical data with projections – now extended to 2035 – the report examines key …
The plug-in category combines battery electric cars (EV) and plug-in hybrid cars (PHEV). The top five in 2023 include BYD Group, Tesla, Geely-Volvo, SAIC and Volkswagen …
Almost 14 million new electric cars1 were registered globally in 2023, bringing their total number on the roads to 40 million, closely tracking the sales forecast from the 2023 edition of the …
The plug-in category combines battery electric cars (EV) and plug-in hybrid cars (PHEV). The top five in 2023 include BYD Group, Tesla, Geely-Volvo, SAIC and Volkswagen Group.
Projected demand for electric cars in major car markets will have profound implications on energy markets and climate goals in the current policy environment. Based on existing policies, oil …
Batteries for light electric vehicles (cars, SUVs, LCVs, and pickup trucks) had a faster production growth rate (+40%) than EVs (+35%) in 2023, as the market had several …
Edmunds expert reviewers rank the best electric vehicles of 2024 and 2025 on a 10-point scale that includes performance, comfort, interior, technology, and value.
The best new Electric Vehicles of 2024 and 2025 ranked by experts. Get ratings, fuel economy, price and more. Find the best vehicle for you quickly and easily.
Sunwoda Electric Vehicle Battery Co., Ltd. operates as a wholly-owned subsidiary of Sunwoda Electronic Co., Ltd. Dedicated to pioneering the electric vehicle battery pack industry, Sunwoda excels in providing cutting …
Almost 14 million new electric cars 1 were registered globally in 2023, bringing their total …
A total of 14,2 million new Battery Electric Vehicles (BEV) and Plug-in Hybrids (PHEV) were delivered during 2023, an increase of +35 %. 10 million were pure electric BEVs …
In China, battery demand for vehicles grew over 70%, while electric car sales increased by 80% in 2022 relative to 2021, with growth in battery demand slightly tempered by an increasing share of PHEVs. Battery demand for vehicles in …
Battery demand is rising quickly. Growth in battery demand for EVs has slowed slightly in the last year, but demand for stationary storage applications is rising faster than ever. Manufacturing …
Almost 14 million new electric cars1 were registered globally in 2023, bringing their total …
Almost 14 million new electric cars 1 were registered globally in 2023, bringing their total number on the roads to 40 million, closely tracking the sales forecast from the 2023 … Outlook for …