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In 2021, sales of electric vehicles approached 6.8 million units worldwide.
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Consumer spending on electric vehicles totaled $250 billion.
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The Tesla Model 3 was the best-selling electric vehicle in the world, at least in 2021.
The automotive industry continues to grow and a new study shows it. It was revealed in the 23rd KPMG Global Automotive Executives Survey that the electric vehicle market will grow by around 40 percent.
In 2021, a study carried out by EV-Volumes.com highlighted that sales of this type of alternative vehicle approached 6.8 million units worldwide, where consumer spending on electric vehicles amounted to approximately US$250 billion.
In this sense, and after the growth of the sector, there are already many manufacturers such as Chevrolet, Hyundai, Volkswagen, Renault, Peugeot, Kia, BMW, among others. But the unrivaled leader is Tesla, with its Tesla Model 3, which was the best-selling electric vehicle in the world in 2021, with sales of more than 500,000 units, indicates the ranking carried out by Inside EVs.
electric vehicle market
KPMG’s 23rd Global Survey of Automotive Executives, which includes feedback from 915 executives in automotive and related industries, found that 83 percent are confident the industry will experience more profitable growth in the next five years, compared to 53 percent in last year’s survey.
In this sense, the research highlights that the automotive industry currently has important challenges that are impacting and driving it; An example of this is caring for the environment, which causes a maximized effort towards the production of electric cars.
However, the survey revealed that current prices and the infrastructure that most of the countries hinder an accelerated transition towards this type of vehicle.
Likewise, they reflect that it is certain that in the coming years there will be a gradual transition from combustion vehicles to electric ones, in which government authorities have an important role to play. the granting of incentives or improving the infrastructure, which will help the affordable consumption of electric or hybrid cars for the population.
“The Senior Management of the automotive industry continues to clearly point to the combustion-electrification transition and the digital environment in the industry; however, their expectations have become more cautious in terms of the growth in the production of vehicles with these technologies in the short and medium term due to their disruption and the challenges that the industry currently faces globally,” said Héctor Romo. , Lead Partner of Taxes for the Bajío Region of KPMG in Mexico.
As other relevant data that yielded the research is that the market share of electric vehicles is expected to grow about 40 per cost over total car sales by 2030.
It is worth mentioning that in 2022, the predictions reached 70 percent, so for the moment, the sales expectations of electric vehicles in Japan, India and Brazil are now much more cautious.
“However, there is more confidence that electric vehicles will achieve cost parity with internal combustion vehicles without government help: 82 percent believe that in the next 10 years electric vehicles will be widely adopted despite no subsidies governments,” he asserts.
The estimates of the industries are topics that arrive with force in these months of the year, where they all begin to reveal data and reports on how some sectors were found in these coming years.
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