Browsing: EV market

A new report by IMARC Group forecasts substantial growth in the United States electric car market, driven by technological advancements, consumer demand, and government initiatives.

Volkswagen has introduced the ID. EVERY1, a compact and budget-friendly electric vehicle concept priced at approximately €20,000, signaling the company’s push into the affordable EV market. This marks Volkswagen’s initial venture with an electric architecture developed alongside Rivian.

A January 2025 report reveals significant changes in the global electric vehicle market, with BYD taking the lead and Geely surging in market share. Tesla faces increased competition and a changing landscape.

Li Auto is set to launch its first all-electric SUV, the Li i8, in July, marking its second all-electric model after the Li Mega MPV. The company is also rapidly expanding its supercharger network.

Mordor Intelligence’s latest report highlights the rapid growth of the European electric vehicle (EV) market, driven by technological advances, supportive regulations, and rising consumer interest in sustainable transportation. The market is projected to nearly double in value by the end of the decade.

BloombergNEF forecasts a robust 22% growth for the electric vehicle market this year, with further acceleration expected as more affordable models hit the market in the coming years.