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
- Drivers
- Sustainability and Climate Initiatives Driving EV Investments and Adoption Rate
- Government Policies Promoting EVs' Value Chain and Charging Infrastructure
- Inhibitors
- 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
- Methodology
- Related Research
Research Assistance
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