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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 global automotive industry is undergoing a significant transformation, with 2025 projected to bring new developments influenced by key events in 2024. This report highlights the factors driving this transformation, including important partnerships among automakers, technology firms, and suppliers, particularly in areas such as electrification, ...

08 Nov 2022  |  Europe  |  Market Research

European Passenger Vehicle Driveline Market, 2022

Electrification Drives Innovation in the Commoditized Driveline Market and Better Profit Margins for Suppliers

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An integral part of the automotive ecosystem, the driveline industry has registered many changes over time. One of the primary factors driving these changes is the advent of electrification. The industry classifies drivelines into three: front-wheel drive (FWD), rear-wheel drive (RWD), and all-wheel drive (AWD). Frost & Sullivan based this se...

The global school bus industry continues to experience moderate growth, driven by the ongoing replacement of aging fleets and the expansion of educational infrastructure. North America maintains the largest share of the market, with robust demand in India and China. In the United States, the regulatory landscape for clean transportation is undergoi...

Geopolitical crises and high inflation prompted most central banks to raise interest rates in 2022, derailing the post-pandemic recovery. Energy costs increased manifold, impacting demand- and supply-side participants equally. Oil prices reached record highs as countries cut dependency on Russian imports, with the price of Brent crude oil reaching ...

Europe’s parking market is undergoing a structural transformation driven by urban decarbonization policies, electrification, digital enforcement, and the reallocation of curbside space. This study provides a strategic assessment of the European parking market, analyzing how parking is evolving from a traditional real estate and enforcement function...

21 Feb 2024  |  North America  |  Market Research

Global Growth Opportunities in the Electric Transit Bus and Coach Market, 2030

Europe, North America, and India Will Experience a Resurgence of the Industry

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Emission regulations, battery price drop, the emergence of low emission zones, purchase subsidy, and tax exemptions will drive electric bus growth across the world. The growing adoption of electric transit buses has opened the path for global sourcing and supply of alternate powertrain buses. The industry is fertile ground for strong collaborations...

In quest of reduced CO2 emissions, enhanced fuel economy and adherence to global emissions norms, OEMs and the entire automotive value chain are adopting varied powertrain strategies, one being the adoption of 2-cylinder engines. With the expected growth in the small and subcompact car market 2-cylinder engines provides opportunities to OEMs to fur...

Vehicle leasing addresses several challenges associated with an organization's mobility needs, such as vehicle funding, fleet maintenance, and residual risk. Businesses need to focus on their core products and services, leading to outsourcing of support activities related to mobility, ranging from fleet purchasing to remarketing. Unless an expert t...