Global Electric Vehicle Market To Top $419 Billion By 2024

SEP 10 2018 BY MARK KANE 3

Within several years, the BEV market is predicted to grow to $419 billion

According to one of the latest forecasts, the plug-in electric car market is going to expand to $419 billion by the end of 2024.

While most of us we mere humans have trouble with imagining such a pile of money, we tried to estimate how many plug-ins would need to be sold to achieve such market value:

  • 12 million at an average price of $35,000
  • 8.4 million at an average price of $50,000

The paid report is available here: “Electric Vehicle Market, Volume Global Analysis by Cars, Countries and Companies”

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3 Comments on "Global Electric Vehicle Market To Top $419 Billion By 2024"

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Benz

Total global Plug-In sales in 2020 could be 4 million.

That’s not unthinkable.

Sales of Plug-In vehicles in China will increase substantially.

Mikael

4 million in 2020 would be low. It is hitting 2 million this year and car manufacturers are finally starting to wake up and will have plenty of new models in 2 years.

Trackdaze

It is effectively doubling every 12-15 months now. Think we will see closer to 3.5m next year though then 2020 will be anywhere between 5 and 8million