April 16, 2023

Based on a sustainable development scenario, Incorrys expects the global sales of electric vehicles to reach 38 million in 2030.

China is expected to maintain its position as global leader thanks to efforts in infrastructure development and organizational measures.

Market Share of Total 2030 EV Sales

China represents 45% of the world’s electric vehicle (EV) 2030 Sales with the potential to achieve 60% as they have dominant control of over 70% of the global battery production supply chain.

The European market accounts for 29% (about 11 million vehicles), well behind China  due to delays in developing infrastructure.

The US is forecast to have 2030 sales of about 7 million – under 20% of the global market.