Electric vehicles market share in usaThe Electric Car Analysis Service focuses on opportunities in global consumer EV markets. The International Automotive Outlook 2017 has predicted that the global automotive industry is set to attain 114 million in worldwide sales annually by 2024. Whilst quick figures could encourage industry players nonetheless, new trends including the electrification of the automotive industry could leave them out in the cold ought to they fail to adapt, with the market place share taken by Electronic Vehicles (EVs) having grown by 168% over the past two years. The UK auto market especially has observed a two.2% drop in automotive sales when the initial seven months of 2016 and 2017 are compared, as buyers draw back from spending on combustion engine autos due to the government’s proposed 2040 ban of the sale of such autos.

Three aspects are driving these shifts between globe industry leaders and their … READ MORE ...