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MTZ worldwide

The Maturity of the Electric Car Market - A Global Comparison

  • 01-01-2023
  • In the Spotlight
Published in:
Author
Richard Backhaus
Published in
MTZ worldwide | Issue 1/2023

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Excerpt

The article delves into the global electric car market, analyzing regional variations in market maturity and growth rates. It discusses the factors driving the market, such as CO2 reduction targets and the advantages of battery-electric vehicles. The study by Arthur D. Little categorizes countries into pioneers, ready markets, latecomers, and new starters based on customer readiness, infrastructure development, and policy targets. The article also explores the role of sector coupling and bidirectional charging in stabilizing the electricity grid and optimizing energy use. Additionally, it examines the challenges and opportunities in different regions, including Europe, the USA, China, and India, and provides insights into the commercial vehicle industry's transition to electric powertrains.
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previous article People + Companies
next article Evolutionary Development
Title
The Maturity of the Electric Car Market - A Global Comparison
Author
Richard Backhaus
Publication date
01-01-2023
Publisher
Springer Fachmedien Wiesbaden
Published in
MTZ worldwide / Issue 1/2023
Electronic ISSN: 2192-9114
DOI
https://doi.org/10.1007/s38313-022-1422-3

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