High Adoption of Electric Vehicles in China Attracts OEMs Looking to Expand Their Global Footprint

"Sales from Asia-Pacific accounted for 60.3% of the total sales in 2018, followed by Europe with 22.0%. However, the year-on-year growth rates were the highest in Canada (137.4%), South Korea (83.4%), and the US (77.1%)," said Prajyot Sathe,Industry Manager,Mobility. "In Canada and South Korea, the growth was mainly due to the availability of a higher number of models, whereas in the US, it was largely a result of the popularity of the Tesla Model 3. While 207 models (143 BEVs and 64 PHEVs) were available in 2018, 45 new models comprising 37 BEVs and 8 PHEVs will be added in 2019."

Canada, 14/05/2019 (informazione.news - comunicati stampa - trasporti)

"Sales from accounted for 60.3% of the total sales in 2018, followed by Europe with 22.0%. However, the year-on-year growth rates were the highest in Canada (137.4%), South Korea (83.4%), and the US (77.1%)," said . "In Canada and South Korea , the growth was mainly due to the availability of a higher number of models, whereas in the US, it was largely a result of the popularity of the . While 207 models (143 BEVs and 64 PHEVs) were available in 2018, 45 new models comprising 37 BEVs and 8 PHEVs will be added in 2019."

Frost & Sullivan's recent analysis, , presents the regional EV market outlook for North America , Europe , and China , and analyzes their growth potential for 2019. It presents the current and future market trends as well as the models that are expected to be launched in the next two to three years.

" and will remain strong volume brands, while Tesla is working to shake off the tag of being a premium offering. Among HEVs, Toyota is proving the most popular automaker, while leads among PHEV car owners," noted Sathe. "By 2025, more than 40 million xEVs are forecast to be sold globally and are anticipated to account for approximately 28.6% of the total passenger vehicle market."

Owing to China's dominance of the EV market, vehicle OEMs have targeted the country for partnership opportunities. Successful OEMs will make the most of the growth opportunities also presented by:

 is part of Frost & Sullivan's global Automotive & Transportation Growth Partnership Service program.

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

ME4F-18

Kristi Cekani 
Corporate Communications - Frost & Sullivan, Europe
P: +39 (0)2 4851 6133
E: kristi.cekani@frost.com
http://ww2.frost.com