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  1. Electric vehicles market overview

    ... the low base effect. 2020 saw about 4.5 million EVs registered in the Middle Kingdom, a figure that will double in the next two to three years. Sales are projected to grow by 83% over 2021, and by 2025, more than 2.2 million units will be sold there (Nomura Global Markets Research). The industry’s base case sees the EV market growing to 14 million units by 2025 and to 25 million by 2030, with 45 million units by the end of the decade in the accelerated scenario. In the other countries ...