What is the market for electric cars?

Electric car sales are currently gathering pace around the world. Until just a few years ago, electric cars were considered a niche product, however, now almost all car manufacturers are releasing new electric vehicle models with an ever-greater range in km.

Today, the number of electric cars in the world reached over 2 million, according to data from the study "Global Electric Vehicle Outlook 2017" by the International Energy Agency. Although this represents an extremely low percentage of the total number of vehicles on the road worldwide, the total number of electric vehicles has increased approximately 20-fold in the last 6 years (Source: Bloomberg New Energy Finance)

The areas of the world with the greatest penetration of electric cars are China, Europe and North America. According to Bloomberg New Energy Finance, the market will continue to grow at a very rapid pace.

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