Internal combustion engines are forecasted to remain the leading powertrain worldwide through 2030, amounting to 63.9 percent of the car parc in 2030. However, ICE's market share dropped by a compound annual growth rate of 4.1 percent between 2020 and 2030. Battery-electric vehicles are projected to be the second leading segment, growing to hold over 21 percent of the market in 2030.
Projections for the global car parc distribution between 2020 and 2030, by powertrain
The source provides the following information on data used for the forecast: "Base-case scenario for parc of 4- to 7-year old vehicles across China, France, Germany, Italy, UK and U.S."
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McKinsey & Company. (September 23, 2021). Projections for the global car parc distribution between 2020 and 2030, by powertrain [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/1269056/car-parc-powertrain-distribution-forecast/
McKinsey & Company. "Projections for the global car parc distribution between 2020 and 2030, by powertrain ." Chart. September 23, 2021. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/1269056/car-parc-powertrain-distribution-forecast/
McKinsey & Company. (2021). Projections for the global car parc distribution between 2020 and 2030, by powertrain . Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/1269056/car-parc-powertrain-distribution-forecast/
McKinsey & Company. "Projections for The Global Car Parc Distribution between 2020 and 2030, by Powertrain ." Statista, Statista Inc., 23 Sep 2021, https://www.statista.com/statistics/1269056/car-parc-powertrain-distribution-forecast/
McKinsey & Company, Projections for the global car parc distribution between 2020 and 2030, by powertrain Statista, https://www.statista.com/statistics/1269056/car-parc-powertrain-distribution-forecast/ (last visited October 31, 2024)
Projections for the global car parc distribution between 2020 and 2030, by powertrain [Graph], McKinsey & Company, September 23, 2021. [Online]. Available: https://www.statista.com/statistics/1269056/car-parc-powertrain-distribution-forecast/
