Sales of plug-in electric vehicles (PEVs) expanded globally more than 70% from 2017 to reach almost 1.9 million in 2018. According to a new report from Navigant Research, growth in 2019 is likely to be strong again. The report analyzes the global market conditions and regulatory policies for PEVs, providing sales and population forecasts to 2030 of major regions by PEV powertrain type.
In the last year, PEV sales doubled in North America, and sales in Europe and China increased 39% and 77%, respectively. In 2019, multiple deployments of long-range battery EVs (BEVs) in crossover classes, as well as Tesla reaching full-scale production on the Model 3 and expanding its vehicle shipments to markets abroad, are setting the stage for continued market growth.