Electric Vehicle Market 2024. For the electric vehicle sector, 2023 saw waning consumer preferences for evs, several promising startups fall by the wayside, a decline in battery materials costs,. As manufacturing capacity expands in the major electric car markets, we expect battery production to remain close to ev demand centres through to 2030, based on the.
Electric cars accounted for around 18% of all cars sold in 2023, up from 14% in 2022 and only 2% 5 years earlier, in 2018. Ford sold 23,957 electric vehicles in q2 2024, an 61.4% increase.