Gartner Forecasts 15 Million Electric Cars Will Be Shipped Globally in 2023

09 Sep 2023 | Abstracted from Gartner

The proportion of PHEV, as a percentage of total EVs in countries like the U.S., Canada and Japan will slightly grow as consumers in those countries prefer PHEVs to BEVs...The situation is different in Western Europe, China and to a lesser extent India, where consumers favor BEV's lower overall running costs, quieter driving experience and green credentials.

"Gartner analysts expect that by 2027, the average price of a BEV will reach parity with ICE vehicles of similar size and configuration, which will accelerate the global adoption of EVs."

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