Automotive Industry: Current State of EV Sales: Difference between revisions

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== Global EV Revenues ==
== Global EV Revenues ==
=== Projected EV Revenues ===
* According to Statista, global EV revenue is projected to rise by 4% year-over-year to 561.4 billion in 2023<ref>https://www.statista.com/outlook/mmo/electric-vehicles/worldwide</ref>.
{| class="wikitable"
|'''Period'''
|'''Total EV revenue($ billion)'''
|'''Growth(%)'''
|'''Battery EV revenue'''
|'''Growth(%)'''
|'''Plug-In EV revenue'''
|'''Growth(%)'''
|-
|2016
|44.73
|
|26.74
|
|17.99
|
|-
|2017
|69.02
|54.30%
|42.79
|60.02%
|26.23
|45.80%
|-
|2018
|112.87
|63.53%
|72.55
|69.55%
|40.32
|53.72%
|-
|2019
|121.48
|7.63%
|85.07
|17.26%
|36.41
| -9.70%
|-
|2020
|176.08
|44.95%
|113.5
|33.42%
|62.58
|71.88%
|-
|2021
|352
|99.91%
|229.5
|102.20%
|122.5
|95.75%
|-
|2022
|538.8
|53.07%
|359.2
|56.51%
|179.6
|46.61%
|-
|2023
|561.4
|4.19%
|376.8
|4.90%
|184.6
|2.78%
|-
|2024
|623.4
|11.04%
|422.8
|12.21%
|200.6
|8.67%
|-
|2025
|687.8
|10.33%
|475.1
|12.37%
|212.7
|6.03%
|-
|2026
|744.7
|8.27%
|534.9
|12.59%
|209.8
| -1.36%
|-
|2027
|812.5
|9.10%
|603.1
|12.75%
|209.4
| -0.19%
|-
|2028
|906.7
|11.59%
|681.2
|12.95%
|225.5
|7.69%
|}


== State of EV Competition ==
== State of EV Competition ==