Electric Vehicle Sales Figure to Reach 5.5 Million Mark by 2025

Electric Vehicle Sales Figure to Reach 5.5 Million Mark by 2025

Kuala Lumpur: JATO, which is one of the world’s leading authorities on vehicle sales and data has published a report regarding the current trends and future expectations of electric cars. This report is dubbed as “From Fiction to Reality The Evolution of Electric Vehicles 2013-2015″ and depicts that this electric car segment is still very much in the introduction phase of the commercial lifecycle. The reason for this is lack of charging infrastructure and limitation of choice as well as range.

Read Also: Audi Releases All Information On the Plug-In Diesel-Electric Version of the Q7 eTron Quattro

electric_cars_electric_vehicles_72

In spite of these problems, the collected data of past 24 months suggest positive signs and hints towards a bright future of electric vehicles. Between 2013 and 2014, the global car market experienced just 4% hike, but demand for electric and plug-in hybrids jumped a huge 43%. While the worldwide auto market marked a sales figure of 72 million last year, electric vehicles got a small share of 280,000 units worldwide. But even as the market for traditional cars seems to slow down, the market for electric vehicles is continuously expanding. JATO has forecasted that by the end of 2015, electric vehicles segment could get a share of almost 1% (0.96%) of total European car sales and 0.54% of total North American sales.

Read Also: Proton Iriz EV – Indigenous electric car with 300 km run

Nissan-Leaf-2

Talking about the brands, Nissan continues to be the world’s leading electric vehicle automaker with its model LEAF. Being a global leader, Nissan accounted for 24% of all electric vehicle sales globally followed by Mitsubishi with a share of 14% and Tesla in the third position, Volkswagen in fourth and BMW’s i3 taking fifth place. In coming years, Japanese brands would be overtaken by European brands with direct competition coming from domestically built Chinese electric cars. The Chinese automaker BAIC's E-Series recorded a sales figure of 8,000 units this year which made it the eighth most popular electric car in the world. JATO expects the total electric cars sales figure to reach 700,000 by the end of 2016 and 5.5 million by 2025 with China being the global leader.

Charu Gupta

Charu Gupta

Her love for these mean machines is carried over from her childhood. For Charu, Barbies didn't make a place in the list of her favorite toys. Instead she would love to collect those toy cars and would go gaga over them. Dragged into the commerce background earlier, now she has finally found her long lost love with CarBay. With a dream to own an Aston Martin one day, she doesn't get tired researching about other automakers too.

Read Full Bio

Sell your car at the best price

Verified and genuine buyers Verified and genuine buyers
Free listing Free listing
List your car

You might also be interested in

  • News
  • Featured Stories
  • Upcoming
  • Proton e.MAS 7 ev
    Proton e.MAS 7
    RM 120,000 Expected Price Kuala Lumpur
    Expected Launch Dec, 2024 Alert Me When Launched
  • Toyota Yaris Cross
    Toyota Yaris Cross
    RM 130,400 Expected Price Kuala Lumpur
    Expected Launch Dec, 2024 Alert Me When Launched
  • Toyota Hilux Champ
    Toyota Hilux Champ
    RM 59,000 Expected Price Kuala Lumpur
    Expected Launch Dec, 2024 Alert Me When Launched
  • Perodua EM-O ev
    Perodua EM-O
    Price coming soon
    Expected Launch Dec, 2024 Alert Me When Launched
  • Kia EV3 ev
    Kia EV3
    Price coming soon
    Expected Launch Dec, 2024 Alert Me When Launched

Latest Car Videos on Zigwheels

Zigwheels
  • 2024 MG5 Review - If you ignore the noise, this thing is actually A-OK!
    2024 MG5 Review - If you ignore the noise, this thing is actually A-OK!
    21 Nov, 2024 .
  • Why Jaecoo J5 could be Malaysia’s next big SUV sensation!
    Why Jaecoo J5 could be Malaysia’s next big SUV sensation!
    14 Nov, 2024 .
  • ZEEKR X and ZEEKR 009 now open for booking in Malaysia
    ZEEKR X and ZEEKR 009 now open for booking in Malaysia
    15 Oct, 2024 .
  • 2024 smart#3 Pro review - The ideal daily?
    2024 smart#3 Pro review - The ideal daily?
    15 Oct, 2024 .
  • BMW i5 REALLY the Best EV for City Driving? Let's find out
    BMW i5 REALLY the Best EV for City Driving? Let's find out
    15 Oct, 2024 .
  • GMW Haval H6 | Review
    GMW Haval H6 | Review
    27 Sep, 2024 .
  • Leapmotor C10 Previewed in Malaysia
    Leapmotor C10 Previewed in Malaysia
    27 Sep, 2024 .
  • 2024 Mitsubishi Xpander Facelift is here! Starting from RM99,980
    2024 Mitsubishi Xpander Facelift is here! Starting from RM99,980
    23 Sep, 2024 .
  • 2024 Mercedes-Benz E-Class and GLC350e
    2024 Mercedes-Benz E-Class and GLC350e
    23 Sep, 2024 .
  • BYD’s got some exciting stuff going on at Sime Darby Motor's AutoMania this weekend!
    BYD’s got some exciting stuff going on at Sime Darby Motor's AutoMania this weekend!
    23 Sep, 2024 .
Watch Car Videos

Compare

You can add 3 variants maximum*