By 2025, the electric vehicle market is projected to be worth some 567 billion U.S. dollars, globally. While this market is rapidly growing overall, hybrid electric vehicles are expected to account for about 46 percent of the market in 2025, according to data provided by KPMG.
Projected size of the global market for electric vehicles between 2021 and 2025, by segment
(in billion U.S. dollars)
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KPMG. (June 8, 2020). Projected size of the global market for electric vehicles between 2021 and 2025, by segment (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1224527/ev-market-size-worldwide-segment-forecast/
KPMG. "Projected size of the global market for electric vehicles between 2021 and 2025, by segment (in billion U.S. dollars)." Chart. June 8, 2020. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1224527/ev-market-size-worldwide-segment-forecast/
KPMG. (2020). Projected size of the global market for electric vehicles between 2021 and 2025, by segment (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1224527/ev-market-size-worldwide-segment-forecast/
KPMG. "Projected Size of The Global Market for Electric Vehicles between 2021 and 2025, by Segment (in Billion U.S. Dollars)." Statista, Statista Inc., 8 Jun 2020, https://www.statista.com/statistics/1224527/ev-market-size-worldwide-segment-forecast/
KPMG, Projected size of the global market for electric vehicles between 2021 and 2025, by segment (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1224527/ev-market-size-worldwide-segment-forecast/ (last visited December 21, 2024)
Projected size of the global market for electric vehicles between 2021 and 2025, by segment (in billion U.S. dollars) [Graph], KPMG, June 8, 2020. [Online]. Available: https://www.statista.com/statistics/1224527/ev-market-size-worldwide-segment-forecast/
