Electric Vehicles

Electric Vehicles Industry Report 2024 – Charged up for Change

Highlights of the report

Electric vehicles (EVs) are transforming the way we think about transportation. With the rise of climate change and increasing concerns about air pollution, EVs offer a sustainable alternative to traditional gas-powered cars around the World.

Electric Vehicles Industry Report 2024

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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.

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.

In 2024, the revenue in the Electric Vehicles market is projected to reach US$623.3bn worldwide which was $500.48 bn in 2023.

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

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Electric Vehicles Industry Report 2024 – Charged up for Change



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