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11 Feb 2019  |  Global  |  Market Research
Voice of Customer Analysis of the Global Residential Battery Storage Market, 2016
Understanding Consumers’ Perceptions, Expectations, and Willingness to Pay for Residential Battery Energy Storage Solutions is Key to Market Success
The residential battery storage market is being spurred on by feed-in tariff and net metering revisions in residential PV hotspots, subsidies and tax incentives, rapid reductions in lithium-ion battery prices, and rising electricity tariffs. This is resulting in a shift from policy-driven markets for solar power grid trade to self-consumption-drive...
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30 Dec 2022  |  North America  |  Market Research
Opportunity Analysis of EV Digital Products and Services
Mega Trend of Industry Convergence (EV and Energy) and New Business Models, such as EaaS, BaaS, and CaaS
The electric vehicle (EV) market is growing rapidly and impacting the energy market and associated services. As OEMs integrate more software-defined solutions into EVs, a potential market for digital products and services (P&S) exists. EV-dedicated digital P&S allows key participants to continuously monetize these solutions through new revenue mode...
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16 Nov 2021  |  North America  |  Market Research
Global Electric Vehicle Charging Outlook, 2021
Charging Infrastructure is Witnessing Transformational Growth Driven by Rapid EV Penetration
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 ...
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27 Mar 2018  |  North America  |  Market Outlook
Global Electric Vehicle Market Outlook, 2018
More than 1.6 Million EVs are Likely to be Sold Globally
The electric vehicle market reached the 1.2-million sales mark for the first time, with more than 165 models available for sale. China is leading the market with 48% market share followed by Europe with 26%. Solid-state batteries are likely to be the 'game changers' of future battery chemistries, as they render 2.5 times higher density than lithium...
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09 Dec 2020  |  Europe  |  Market Research
Strategic Analysis of the EV Market in Netherlands
A Rapidly Growing Market Driven by Europe’s Largest Charging Network and Strong Incentives
The global automotive industry is evolving in terms of technology while tackling environmental issues. It has introduced electric vehicles (EVs) as a clean energy alternative to conventional internal combustion engine (ICE) vehicles. EVs have low or zero carbon emissions and have become an integral part of automotive OEMs business strategies. Autom...
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06 Jun 2023  |  North America  |  Market Outlook
2023 Prediction of Global Electric Car Growth Outlook
The Strong Transition Towards Electrification Will Continue With an Estimated EV Penetration of 18–19% Selling Over 15.2 Million Units
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...
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20 Jul 2021  |  North America  |  Market Outlook
Global Electric Vehicle Outlook 2021
Global EV Penetration will Increase from 4.5% in 2020 to 6.1% in 2021
In 2020, 3.2 million units were sold, of which 69.4% were Battery Electric Vehicles (BEVs) and 30.3% were Plug-in Hybrid Electric Vehicles (PHEVs). Europe emerged as a market leader with 43.3% market share for the first time in the history, overtaking China with 41.0%. Global EV penetration increased from 3.4% to 4.5% in 2020. Europe also recorded ...
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16 Dec 2019  |  North America  |  Market Research
Executive Report on Global Electric Vehicle (EVs) Sales in 2018 and H1 2019
About 2.1 Million EVs were Sold in 2018 Globally, of which Nearly 1.2 Million were Sold in China Alone, Occupying more than 57% of the Market
The cost driven EV market is heavily dependent on subsidies and incentives offered by various governments on EV purchase and charging. Netherlands and Hong Kong have witnessed a decrease in EV sales post the removal of grants/subsidies on purchase of EVs. Norway has enjoyed a high growth rate of 4.8% with more than 21% of vehicles sold in the count...
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24 Jan 2022  |  Asia Pacific  |  Market Research
Chinese Battery Swap Growth Opportunities
The Transformational Growth of Traditional Electric Vehicle Charging Solutions and the Innovative Battery-as-a-Service Business Model Lead to Intense Competition in the Market
Battery swap services are emerging solutions in China and the world. They provide quick battery replacement in 3-10 minutes. In addition, in comparison to traditional charging solutions, they offer significant time savings. Charging solutions in the Chinese electric vehicle (EV) market are being revolutionized. The government encourages the use ...
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31 Mar 2021  |  South Asia, Middle East & North Africa  |  Market Research
Digitization Powers the Indian Passenger Vehicle Industry, Outlook 2021
New Business Models Involving Virtual Showrooms, Online Platforms, and Subscription Services Create Growth Opportunities
Indias automotive industry is one of the 5 largest in the world. Currently, the countrys passenger vehicle (PV) sector accounts for nearly 7.5% of gross domestic product (GDP) and nearly 49.0% of manufacturing GDP. In the recent past, the Indian PV industry took a massive qualitative jump as vehicles became increasingly safer and environment-friend...
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