EV Market Share Analysis (by Valuates Report)
Asia-Pacific was the highest revenue contributor, accounting for $84.84 billion in 2019, and is estimated to reach $357.81 billion by 2027, with a CAGR of 20.1%. Asia-Pacific and Europe collectively accounted for around 74.8% share in 2019, with the former constituting around 52.3% share.
North America is estimated to reach $194.20 billion by 2027, at a significant CAGR of 27.5%. Elon Musk-led Tesla, Inc. continues to dominate the U.S. market for electric vehicles.
Asia-Pacific was the highest revenue contributor, accounting for $84.84 billion in 2019, and is estimated to reach $357.81 billion by 2027, with a CAGR of 20.1%. Asia-Pacific and Europe collectively accounted for around 74.8% share in 2019, with the former constituting around 52.3% share.
North America is estimated to reach $194.20 billion by 2027, at a significant CAGR of 27.5%. Elon Musk-led Tesla, Inc. continues to dominate the U.S. market for electric vehicles.