Orion Market Research
Electric Vehicle Market Trends, Research Report, Growth,
Opportunities, Forecast 2019-2025
Request a sample of our report on Electric Vehicle Market: https://www.omrglobal.com/request-
sample/electric-vehicle-market
------------------------------------------------------------------------------------
The global electric vehicle market is projected to grow at a considerable CAGR of more than 20.0%
during the forecast period (2019-2025). The growing sales of electric vehicles globally due to increasing
charging infrastructure and government initiatives are the key factors that are propelling the growth of
the market. According to the Global EV Outlook 2020, the sale of electric cars in 2018 was 7.2 million,
which is higher than the sale of electric cars in 2019 which stood at 2.1 million globally. In 2019, In the
US, the sales of electric cars were 1.1 million, in Europe 1.2 million units, while 2.3 million units of
electric cars were sold in China.
(Get 15% Discount on Buying this Report)
A full report of Electric Vehicle Market is available at: https://www.omrglobal.com/industry-
reports/electric-vehicle-market
Apart from this, there were around 7.3 million electric vehicle chargers available globally in 2019 out of
which around 6.3 million chargers were private, light-duty vehicle chargers at home, and others. The
availability of charging infrastructure globally is supporting the growth of the electric vehicle industry
globally.
Moreover, in 2018, around 460,000 electric buses were available globally and China is a global leader in
electric buses that aims to have its public transport electrified by 2040. Besides, Europe received an
investment worth $72.42 billion by the government for producing electric vehicles and batteries in 2019.
Thus, the adoption of electric vehicles is increasing sales globally, and also charging infrastructure is
supporting the growth of the EV market.
To learn more about this report request a sample copy @ https://www.omrglobal.com/