Electric Vehicles Industry Report 2024
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Industry Analysis
Electric car sales are surging globally, on track to reach 1 in 5 cars sold in 2024. This momentum follows a record-breaking 2023, with sales expected to hit around 17 mn units. While affordability remains a concern, government policies are encouraging investment and consumer confidence.
Emerging Trends
In 2024, the EV market has expanded significantly, with a broad array of models available, including electric cars, buses, trucks, and even motorcycles, each designed to meet diverse consumer and commercial needs.
CrispIdea Outlook
In 2024, the revenue in the Electric Vehicles market is projected to reach US$623.3bn worldwide which was $500.48 bn in 2023.
Table of Content
Executive Summary
• EV Market Trend
• Key Components of EVs
• EVs Funding
• EV Technology
• Risks and Challenges of EVs
• CrispIdea Outlook
• Industry Outlook
• Company Reports
– Tesla
– General Motors
– Ford
– Hyundai
– Traton
– Volkswagen AG
– Mercedes-Benz Group AG
– Daimler Truck Holding AG
– Paccar
– Lucid
– Rivian
– Toyota Motors
– Honda
Disclaimer
This report was produced by a member company of the Crispidea. This report is for the use of intended recipients only and may not be reproduced (in whole or in part) or delivered or transmitted to any other person without our prior written consent. By accepting this report, the recipient agrees to be bound by the terms and limitations set out herein.