The electric vehicles revenue is forecast to experience significant growth in all segments in 2029. As part of the positive trend, the electric vehicles revenue reaches the maximum value for all two different segments at the end of the comparison period. Particularly noteworthy is the segment Battery Electric Vehicles, which has the highest value of 10.6 billion U.S. dollars.
Data provided by Statista Market Insights are estimates.
CO2 emissions exert a profound influence on climate and the environment, fueling the greenhouse effect and contributing significantly to global climate change. Nearly one-fourth of these emissions worldwide can be attributed to the transportation sector. Electric vehicles (EVs) emerge as a promising solution, potentially acting as a carbon-neutral alternative when powered by renewable energy sources. This underscores their pivotal role in mitigating the impact of traditional combustion engine vehicles on the environment.
The Electric Vehicles market includes information about electric vehicles in countries where, according to our sources, a public electric vehicle charging infrastructure is already available. In this context, “public” means that people have unrestricted access to the charging infrastructure. A vehicle can be defined as electric if it is self-contained with a battery or classified as a plug-in hybrid. All key figures shown represent the sales of new cars, and their basic configuration in the respective year. The figures do not include the sale of used vehicles nor adapted equipment for the new cars sold. The prices and revenues shown are accordingly based on the basic models.
The Electric Vehicle market is divided into distinct two distinct markets, namely Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs). This categorization allows for a nuanced understanding of the market dynamics, considering the specific attributes and market penetration of each electric vehicle type. The emphasis on new car sales and their foundational configurations ensures clarity, while the exclusion of used vehicles and customizations maintains focus on the evolving landscape of electric vehicles.
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Statista Market Insights. (August 27, 2024). Revenue in the Electric Vehicles market for different segments Canada from 2017 to 2029 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 04, 2024, from https://www.statista.com/forecasts/1444524/revenue-electric-vehicles-market-for-different-segments-canada
Statista Market Insights. "Revenue in the Electric Vehicles market for different segments Canada from 2017 to 2029 (in million U.S. dollars)." Chart. August 27, 2024. Statista. Accessed November 04, 2024. https://www.statista.com/forecasts/1444524/revenue-electric-vehicles-market-for-different-segments-canada
Statista Market Insights. (2024). Revenue in the Electric Vehicles market for different segments Canada from 2017 to 2029 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 04, 2024. https://www.statista.com/forecasts/1444524/revenue-electric-vehicles-market-for-different-segments-canada
Statista Market Insights. "Revenue in The Electric Vehicles Market for Different Segments Canada from 2017 to 2029 (in Million U.S. Dollars)." Statista, Statista Inc., 27 Aug 2024, https://www.statista.com/forecasts/1444524/revenue-electric-vehicles-market-for-different-segments-canada
Statista Market Insights, Revenue in the Electric Vehicles market for different segments Canada from 2017 to 2029 (in million U.S. dollars) Statista, https://www.statista.com/forecasts/1444524/revenue-electric-vehicles-market-for-different-segments-canada (last visited November 04, 2024)
Revenue in the Electric Vehicles market for different segments Canada from 2017 to 2029 (in million U.S. dollars) [Graph], Statista Market Insights, August 27, 2024. [Online]. Available: https://www.statista.com/forecasts/1444524/revenue-electric-vehicles-market-for-different-segments-canada