China is leading the ranking by electric vehicles revenue in the electric vehicles market, recording 374 billion U.S. dollars. Following closely behind is South Korea with 7.9 billion U.S. dollars, while Sri Lanka is trailing the ranking with 21.95 million U.S. dollars, resulting in a difference of 374 billion U.S. dollars to the ranking leader, China.
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. (November 12, 2024). Electric vehicles (EV) market revenue in the Asia-Pacific region in 2023, by country (in million U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/forecasts/1308522/apac-e-vehicles-revenue-by-country
Statista. "Electric vehicles (EV) market revenue in the Asia-Pacific region in 2023, by country (in million U.S. dollars)." Chart. November 12, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/forecasts/1308522/apac-e-vehicles-revenue-by-country
Statista. (2024). Electric vehicles (EV) market revenue in the Asia-Pacific region in 2023, by country (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/forecasts/1308522/apac-e-vehicles-revenue-by-country
Statista. "Electric Vehicles (Ev) Market Revenue in The Asia-pacific Region in 2023, by Country (in Million U.S. Dollars)." Statista, Statista Inc., 12 Nov 2024, https://www.statista.com/forecasts/1308522/apac-e-vehicles-revenue-by-country
Statista, Electric vehicles (EV) market revenue in the Asia-Pacific region in 2023, by country (in million U.S. dollars) Statista, https://www.statista.com/forecasts/1308522/apac-e-vehicles-revenue-by-country (last visited November 21, 2024)
Electric vehicles (EV) market revenue in the Asia-Pacific region in 2023, by country (in million U.S. dollars) [Graph], Statista, November 12, 2024. [Online]. Available: https://www.statista.com/forecasts/1308522/apac-e-vehicles-revenue-by-country