The Global Electric Vehicle and Charging Infrastructure Market Databook – Q2 2024 Update” from ResearchAndMarkets.com offers a comprehensive analysis with over 75 KPIs covering market size, vehicle types, price points, propulsion types, and more. The global electric vehicle market is projected to grow from $413.8 billion in 2023 to $2,049.6 billion by 2028, driven by a robust CAGR of 29.4% from 2024 to 2028.
Investment in electric vehicles (EVs) is surging, with increased government and corporate funding expected to continue into 2024. Major players are expanding their geographic reach: Nio plans to enter the Middle East, Lucid Group is opening a new retail location in the UAE, and BYD is pushing into Southeast Asia. This expansion reflects the growing global interest in EVs.
Chinese firms, facing oversaturation at home, are targeting Southeast Asian markets. BYD is establishing a factory in Thailand and offering significant discounts to gain market share. This strategy is proving effective, as evidenced by a rise in market share from 47% in 2021 to 74% in 2023 for Chinese companies, according to Deloitte China.
In Europe, Stellantis and Mercedes have paused their joint EV battery factory projects due to a slowdown in demand. The European market is shifting towards more affordable lithium iron phosphate (LFP) batteries, prompting adjustments in investment plans.
The report provides a detailed analysis of the EV market and charging infrastructure, including market size and forecasts, vehicle types, charging infrastructure, and segment-specific opportunities. It includes over 97 tables and 119 charts, offering insights into market dynamics and infrastructure development.
Key Sections:
- Overall Vehicle Market Size and Growth
- Electric Vehicle Market by Value, Volume, and Segmentation
- Charging Infrastructure Market by Type, Location, and Connectivity
- Risks and Opportunities in the EV Market
This databook is essential for understanding global EV market trends, investment opportunities, and infrastructure development.
