1. Market Research
  2. > Automotive
  3. > Motor Vehicle
  4. > Electric Vehicle Market Trends
Global Electric Vehicle Market Outlook, 2020

Global Electric Vehicle Market Outlook, 2020

  • May 2020
  • 147 pages
  • ID: 4833514
  • Format: PDF
  • Frost & Sullivan


Table of Contents

As we move into the new decade, the electric vehicle (EV) industry is likely to experience total sales of over 2.5 million units (including battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). Majority of the European OEMs are likely to reduce PHEV models and introduce BEV models in their product lines. OEMs are revisiting their product mix to comply with emission norms and targets. Over 450 models—300 BEVs and 150 PHEVs—will be available for sale in 2020. The EV market grew by 8.8% year-on-year (y-o-y), registering the slowest growth in the decade. This low growth was mainly due to slowdown in sales on a global scale across China, Europe and the United States. By region, Europe experienced the highest growth in 2019. The slowdown was experienced from the second half of 2019 mainly in China due to the elimination of certain incentives. The country however continues to lead the market with over 52.5% market share followed by Europe and the United States with 26.0% and 14% shares respectively. Norway continues to lead in terms of penetration rate, at 60%, which is 5% higher than the 2018 level. BEVs dominate the market and have come out stronger in 2019 with a 74% share while PHEVs constitute the remaining 26%. Global policies favor the adoption of BEVs, which has reflected in their increased sales. A total of 345 models—221 BEVs and 124 PHEs—was available for sale in 2019. Over 320,000 public charging stations, including both AC and DC charging stations, were installed globally.In 2020, Europe will experience the highest growth as compared to other regions mainly due to the implementation of stringent emission norms. On similar terms, China is likely to experience a negative growth in EV sales since there is no clarity on the incentive revisions and the effects of Corona virus on the country. Non-monetary or tax incentives are likely to be more attractive for buyers as countries with the highest EV penetration ratio (Norway, Netherlands) offer these rather than cash incentives. The global EV battery recycling market generated a revenue of $10.3 million in 2018 and is expected to reach $6,524.2 million by 2025, expanding at a CAGR of 151.5%. Out of the revenue generated, hydro-metallurgical process constituted 59%, followed by pyro-metallurgical process at 39% and other recycling technologies at 2%. Current recycling processes for lithium-ion battery cells focus on the recovery of cobalt, nickel, and copper due to their comparatively high prices and ease of recovery in the pyro-metallurgical process. Other elements are mostly not recovered or undergo down-cycling. In this way, numerous hydro-metallurgical procedures have been created by different organizations – examples are the procedures created by Accurec and Toxco Inc. (presently Retriev Technologies Inc.).
Author: Prajyot Sathe

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.


Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on