In 2022, the global battery-electric vehicle market revenue reached a size of just over 359.2 billion U.S. dollars. September 2023 projections forecast a market increase between 2022 and 2028, reaching around 681.2 billion U.S. dollars in 2023.
Projections for the global battery-electric vehicle market revenue between 2016 and 2028
(in billion U.S. dollars)
based on a forecast modelled in September 2023 which reflects the market impact of Russia's war on Ukraine
Supplementary notes
The Electric Vehicles segment 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.
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Statista. (September 1, 2023). Projections for the global battery-electric vehicle market revenue between 2016 and 2028 (in billion U.S. dollars) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1254513/battery-electric-vehicle-market-size-forecast/
Statista. "Projections for the global battery-electric vehicle market revenue between 2016 and 2028 (in billion U.S. dollars)." Chart. September 1, 2023. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1254513/battery-electric-vehicle-market-size-forecast/
Statista. (2023). Projections for the global battery-electric vehicle market revenue between 2016 and 2028 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1254513/battery-electric-vehicle-market-size-forecast/
Statista. "Projections for The Global Battery-electric Vehicle Market Revenue between 2016 and 2028 (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Sep 2023, https://www.statista.com/statistics/1254513/battery-electric-vehicle-market-size-forecast/
Statista, Projections for the global battery-electric vehicle market revenue between 2016 and 2028 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1254513/battery-electric-vehicle-market-size-forecast/ (last visited August 25, 2024)
Projections for the global battery-electric vehicle market revenue between 2016 and 2028 (in billion U.S. dollars) [Graph], Statista, September 1, 2023. [Online]. Available: https://www.statista.com/statistics/1254513/battery-electric-vehicle-market-size-forecast/
