PUBLISHER: SNE Research | PRODUCT CODE: 1231855
PUBLISHER: SNE Research | PRODUCT CODE: 1231855
Since electric vehicles priced at around US$ 30,000 with the driving range of over 300 kilometers - similar to gasolin-powered vehicles - became available in the market, a diversity of high-performance, electric vehicles has been poured into the market, which has drawn attentions in many aspects. The electric vehicle market has been rapidly growing from 1.45 million units in 2017 to 10.8 million units in 2022. By region, China, supported by the government policy, has been leading the entiref EV market, while markets in advanced countries like Europe and North America have also vitalized.
In response to climage changes, major countries in the world announced their key initiatives for emission control. With some of the advanced nations such as the US, Europe, China, and Japan at the center, they are actively involved in setting targets for vehicle fuel efficiency and related regulations. Particularly, the Netherlands and Norway introduced measures to ban the sale of ICE cars from 2025. Other countries have also been committed to expand the distribution of eco-friendly vehicles. In this regard, it is expected to see a growing demand for electric vehicles in future.
At a point when rapid chages are forecasted in the global automobile market, this report provides a quarterly forecast on market till 2025 based on the actual sales of electric vehicles in different countries and the usage of battery, a key component for electric vehicles. More than 100 battery manufacturers who supply xEV battery are subject to our data analysis and research on the sales forecast by car OEMs and models as well as our quarterly forecast by battery type and capacity.