Search results for: '2022 Prediction of Global Electric Vehicle Market Outlook'

Over 21.6 million units of light-duty electric vehicles (EVs) were sold worldwide in 2025, representing a 23.5% year-over-year (YoY) growth. Battery electric vehicles (BEVs) accounted for 66.8% of all EVs sold, while plug-in hybrid electric vehicles (PHEVs) accounted for 33.2%. The PHEV share declined by 3% in 2025. The global EV penetration in the...

The commercial vehicle industry is at the cusp of a major transformation that will change the dynamics of the supply chain and logistics industry. Frost & Sullivan has examined the top 10 CV trends that will have the highest impact on the commercial vehicle market in the upcoming years. The CASE (connected, autonomous, safe, and electric) strate...

This Frost & Sullivan analysis provides an outlook for the electric vehicle (EV) industry based on the latest industry data, an outline of current trends, an in-depth examination of future developments, and a breakdown of the main stakeholders in the sector and their performance. EV sales in 2023 amounted to a total of 14.1 million, of which 70....

Stringent emission regulations boost the growth of the emerging EV industry. Supply chain disruptions caused by COVID-19 and the Russo-Ukrainian war have led to a surge in commodity prices, which affected the global automotive value chain. In addition, economic sanctions between multiple countries have complicated the procurement of EV components;...

Globally, incentives to purchase electric trucks and buses in the form of subsidies, tax cuts, or even penalties related to internal combustion engine (ICE) vehicles can go a long way in making electric vehicles (EVs) attractive to fleets by considerably lowering the acquisition cost. Incentives also give original equipment manufacturers (OEMs) pro...

11 Jan 2021  |  North America  |  Market Research

Technology Innovation Driving the Transformation of the US Electric Commercial Vehicle Market

Government Incentives and Charging Infrastructure Development by Public and Private Entities to Boost Uptake of Electric Buses and Trucks

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The medium-duty and heavy-duty truck and bus markets in the US are expected to show strong recovery following the major dip in 2020 due to the dire impacts of the COVID-19 crisis on production and sales. However, the crisis is forecast to have a relatively lower impact on the electric truck and bus markets. The electric bus segment shows a slight d...

This Frost & Sullivan study provides an outlook for the electric vehicle industry based on the latest industry data; it provides an outline of current trends and an in-depth analysis of future developments, as well as a breakdown of the main stakeholders in the sector and their performance. EV sales in 2022 amounted to a total of 10.5 million, of...

In 2020 the adoption of Electric Vehicles (EVs) accelerated across the world, particularly in Europe and the US. This growth was driven by heavy incentivization to promote EV sales and boost the overall automotive market. Global EV penetration in 2020 was 4.8%. In Europe it was 9.7%, and in the US, it was 2.3%. This rapid growth has sustained into ...

The electrified vehicle (xEV) industry in Latin America is at an emerging stage, in terms of vehicle sales, charging infrastructure, and regulations. However, it has been growing at a fast pace, primarily because of the entry of new models and the launch of purchase incentives. For example, in 2022, almost 157,000 electrified units were sold in the...