Popularity in electric vehicles (EVs) have been steadily growing for a number of years and sales are expected to reach two million in 2019.

This number is substantially higher then 2017 figures which sat at 1.2 million with the number forecasted to continue to grow to 10 million in 2025.

Research has also shown that China will be responsible for more than 600,000 units sold in 2019, half of the total number of sales expected.

Global Industry Analysis firm Counterpoint Research has said that leading vehicles like Audi, BMW, Mercedes-Benz and Volkswagen had unveiled EVs at this year’s Geneva International Motor Show.

“The past year has seen numerous announcements from almost all major automotive OEMs sharing their ambitious global EV product plans. These announcements have been further amplified at the 2019 Geneva International Motor Show.

“We expect that by 2030, the share of EVs in various global markets will range from 10% to 50% of new vehicle car sales. The actual share of EV sales will, however, depend on levels of congestion, mandated emission regulations, consumer incentives/subsidies and other such external factors.”

“Should these plans be realised, it will mean an introduction of around 400 electrified models and an estimated cumulative global sales of more than 38 million EVs during the 2018-2025 period.

According to Counterpoint, key trends that will shape the industry are:

• Shared Mobility
• Connected cars
• Autonomous vehicles
• Electrification
• Global automotive consolidations and alliances

Source: ITwire – Electric Vehicle Sales expected to reach 2m this year

3 Apr 2019