|Global Electric Vehicle Market Outlook, 2020|
|Over 2.5 Million Electric Vehicles are Likely to Be Sold in 2020 with China Continuing to Be the Leader with a 53% Market Share|
As we move into the new decade, the electric vehicle (EV) industry is likely to experience total sales of over 2.5 million units (including battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). Majority of the European OEMs are likely to reduce PHEV models and introduce BEV models in their product lines. OEMs are revisiting their product mix to comply with emission norms and targets. Over 450 models—300 BEVs and 150 PHEVs—will be available for sale in 2020.