Published

Study: Nearly 60% of EV Sales in 2035 Will Be in China

Global demand for electric vehicles will multiply by a factor of 15 to 11.3 million units by 2035, with the Chinese market generating 57% of the total, according to the Fuji-Keizai Group.
#hybrid

Share

Global demand for electric vehicles will multiply by a factor of 15 to 11.3 million units by 2035, with the Chinese market generating 57% of the total, according to the Fuji-Keizai Group.

The Tokyo-based market research firm says the world’s second-largest EV market by then will be Europe, with annual sales of 2.2 million vehicles. North America will be third with 1.4 million EV deliveries.

Global demand for plug-in hybrids will zoom from 400,000 units last year to 12.4 million by 2035, Fuji-Keizai predicts. The firm says China will lead that market too, with annual sales of 4.7 million units. Plug-in sales during the period will reach 3.8 million vehicles in Europe and 2.5 million units in North America.

RELATED CONTENT

  • Toyota Updates Fuel Cell Test Truck

    Toyota Motor Corp. unveiled an updated version of its Project Portal fuel cell-powered heavy-duty truck with reduced weight and increased driving range.   

  • Startup Readies Solar-Powered EV

    Germany’s Sono Motors GmbH says it has received 5,000 orders for its upcoming Sion electric car, which can be partially recharged by it attached solar panels.

  • Aluminum Sheet for EV Battery Enclosure

    As the number of electric vehicles (EVs) is about to increase almost exponentially, aluminum supplier Novelis is preparing to provide customers with protective solutions

Gardner Business Media - Strategic Business Solutions