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Automotive Industry: Current State of EV Sales: Difference between revisions
Automotive Industry: Current State of EV Sales (view source)
Revision as of 08:22, 4 July 2023
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* 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>. | * 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>. | ||
* Revenue is expected to grow by a compound annual growth rate of 10% between 2023-2028 to reach $906.70 billion. | * Revenue is expected to grow by a compound annual growth rate of 10.07% between 2023-2028 to reach $906.70 billion. | ||
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== Average EV Prices == | |||
* According to Statista, the average price of Battery Electric Vehicle is $48,810 in 2023 versus $48,510 in 2022<ref>https://www.statista.com/outlook/mmo/electric-vehicles/worldwide#units</ref>. | |||
* On the other hand, the average price of Plug-In Hybrid Electric Vehicles is $63,260 in 2023 versus 63,290 in 2022. [[File:Average electric price 2.png|thumb|880x880px|https://www.statista.com/outlook/mmo/electric-vehicles/worldwide]] | |||
== State of EV Competition == | == State of EV Competition == | ||