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Sales of plug-in passenger cars achieved a 9% global market share of new car sales in 2021, up from 4.6% in 2020, and 2.5% in 2019. The PEV market has been shifting towards fully electric battery vehicles. The global ratio between BEVs and PHEVs went from 56:44 in 2012, to 60:40 in 2015, and rose to 74:26 in 2019.
Room to grow and eyes on U.S. market in China’s electric vehicle capital. Eunice Yoon, CNBC and Jennifer Jett and Cheng Wong. June 23, 2024 at 6:57 AM. LIUZHOU, China — Liuzhou may be a small ...
The global connected car market is projected to grow from USD 12.4 billion in 2024 to USD 26.4 billion by 2030, at a CAGR of 13.3% during the forecast period. The introduction of several laws requiring safety features like e-call, navigation, collision warning systems, etc., is anticipated to increase the uptake of connected car services worldwide.
The plug-in car segment had a market share of 1.3% of new car registrations in 2016, rose to 3.6% in 2019, and achieved 11.4% in 2020. The largest country markets in the European region in terms of EV stock and annual sales are Germany, Norway, France, the UK, the Netherlands, and Sweden.
The electric vehicle battery accounts for 30–40% of the value of the vehicle. There is rapidly growing demand for its components because of growth in the electric vehicle market as well as in battery storage power stations. This is driven largely by the ongoing transition to renewable energy.
The market share of plug-in electric passenger cars increased from 0.14% in 2011 to 0.37% in 2012, 0.62% in 2013, and reached 0.75% of new car sales in 2014. As plug-in car sales slowed down during the 2015, the segment's market share fell to 0.66% of new car sales, then increased to 0.90% in 2016.
Key Takeaways from the Market Study: Bleached paper-based laminates dominate the global market with a share of 55.6% in 2024. Based on the packaging format, the pouches segment leads the paper-based laminate market with a share of 34.3% in 2024. The paper-based laminate market in India is anticipated to grow at a CAGR of 6.2% through 2034.
This record level of sales allowed China to rank as the world's best-selling plug-in electric car country market in 2015, ahead of the U.S., which was the top selling country in 2014. The plug-in electric passenger car segment market share rose to 0.84% in 2015, up from 0.25% in 2014.