There are a variety of clean vehicle technologies and fuels in development and in use, but electric vehicles (EVs) represent one of the most promising technologies for reducing oil use and cutting emissions. However, this market is still in the nascent stage and faces many challenges, particularly with technology integration, optimization and scalability. Will the EV industry be able to overcome its challenges and finally find success? What actions can organizations take today to help spur the growth of this critical industry? Zpryme’s Global Electric Vehicle Adoption Trends report provides answers to questions such as these to help its clients better understand and drive success in this rapidly changing industry.

The report provides detailed information about EV adoption rates in major countries, primary barriers to EV adoption, government policies affecting EV adoption, the impact of bankruptcies and failures for several EV companies, and the EV market outlook and forecast.

Key highlights and recommendations from the report include:

  • The worldwide electric vehicle market is forecasted to grow from just over 700,000 vehicles in 2014 to more than 12 million vehicles in 2021. That means an average annual grow rate of 66%.
  • The main challenges to a double-digit percentage penetration of EVs in the automobile market include government policies, EV purchase cost and total cost of ownership, range anxiety, and range limitations.
  • In order to promote significant and sustainable EV growth in the next decade and beyond, the United States should consider continuing or developing policies that include enabling EV companies to sell directly to consumers, and further catalyzing and facilitating private-public coordination and communication to address the EV challenges across technology, finance, market and policy.
  • Manufacturers should make concerted efforts in areas such as developing the EV financing market which includes the battery and resale markets, and identifying sustainable EV charging infrastructure business models that define clear revenue models and create retail partnerships.

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Market Forecasts Included

  • Electrified Vehicles Sales Volume by Country, 2013 – 2021
  • Electrified Vehicles Sales Volume by Region, 2013 – 2021

Countries Included

  • U.S.
  • Mexico
  • Canada
  • China
  • Japan
  • Brazil
  • South Korea
  • France
  • Germany
  • U.K.
  • Spain
  • Italy
  • Australia
  • Russia

Regions Included

  • North America
  • Central & South America
  • Europe
  • Asia Pacific
  • ROW


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