H. Yoo
Research expert covering South Korea
Electric Vehicle Consumers Worldwide - Statistics & Facts
The global electric vehicle market has adapted to increasing environmental concerns from consumers and governments alike. Estimates for plug-in electric light vehicle (PEV) sales worldwide report that the market more than doubled between 2020 and 2021. The PEV market reached around 6.7 million and is regionally diverse. Model availability to consumers depends on geography, with countries like Norway, Germany, and the United Kingdom recording a more comprehensive range of available models. This market diversity impacts consumers differently, contributing to their opinions on electric vehicles and the factors incentivizing PEV purchases.
