Worldwide Electric Vehicle Forecast, 2024–2028

Worldwide Electric Vehicle Forecast, 2024–2028

This IDC study provides a five-year forecast for the electric vehicle market for the 2024–2028 period."With increasing competition among automakers, EV customers will soon have the choice among a range of EVs at various price points. However, there is still a large scope for improvement in technology, processes, and value chain in which tech vendors can help automakers and stakeholders with EV buyer, user, and charging experience and range improvement and build a circular economy." — Sandeep Mukunda, research manager, Sustainable, Smart Mobility and Transportation Strategies program at IDC

Please Note: Extended description available upon request.

IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Opportunities with Software-Defined Vehicle Architecture in EVs
Transformation in EV Sales and Customer Relationship Management
Second Life of EV Batteries and Battery Passports
Market Forecast
The Americas Region's EV Market and Forecast
EMEA EV Market Forecast
APAC EV Market Forecast
Market Context
Drivers and Inhibitors
Sustainability and Climate Initiatives Driving EV Investments and Adoption Rate
Government Policies Promoting EVs' Value Chain and Charging Infrastructure
Automotive Supply Chain Mismatch
Induced Economic Slowdown in the Major Markets
Significant Market Developments
Government Policies and Initiatives Driving All Facets of the EV Value Chain
EV Target Announcements by Major Auto Companies
Partnerships to Promote Sustainable Manufacturing and Recycling
Battery Chemistries Are Diversifying
Changes from Prior Forecast
Market Definition
Related Research

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings