|Global Electric Vehicle Market Outlook, 2018|
|More than 1.6 Million EVs are Likely to be Sold Globally|
The electric vehicle market reached the 1.2-million sales mark for the first time, with more than 165 models available for sale. China is leading the market with 48% market share followed by Europe with 26%. Solid-state batteries are likely to be the 'game changers' of future battery chemistries, as they render 2.5 times higher density than lithium-ion. In the last 6 months, more than 10 automakers have announced future EV launch plans. Based on the announcements, EVs now have a market potential of about 25 million units that will be sold by 2025; more than 400 models will be made available.
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