EV market overview
after a market-report concept
MARKET OVERVIEW · 2020–2027
Electric Vehicle Market
↑ 28% YOY GROWTH17.1M SALES '24↓ IONWAVE −3PP SHARE
GLOBAL SALES '24
17.1M
↑ 28% VS 2023
PENETRATION
13.4%
↑ 3.8PP YEAR-OVER-YEAR
2027 FORECAST
0M
CAGR ~30% · BASE
GLOBAL EV SALES (M UNITS)
TOP BRANDS '24
Zephyr Auto21.4%
Ionwave13.1%
Northstar8.7%
Cascade Motors6.2%
Others50.6%
REGIONAL MARKET '24
China10.2M
Europe3.6M
USA1.6M
Asia (ex-CN)1.1M
Others0.6M
CHINA TAKES 60% OF THE GLOBAL EV MARKET — 10.2M OF 17.1M UNITS
DATA: VOLTA RESEARCH · GRIDLINE ANALYTICS · BASE SCENARIO