Trends in Global Electric Vehicle Adoption: Analyzing Regional Sales and Stock Dynamics

Author(s): Sazib Hossain, Rafi Shahriar Alam, Hasna Hena, Imane El Hebabi

Institution: Nanjing University of Information Science & Technology, China

Category: Article, IJMMU, Electric Vehicle, Regional

Topics: Electric Vehicle Adoption, EV Market Trends, Regional Disparities, Battery Electric Vehicles (BEVs), Eco-friendly Transportation

Abstract: As the world moves towards sustainable transportation, the adoption of electric vehicles (EVs) plays a pivotal role in reducing carbon emissions and dependence on fossil fuels. This study provides a comprehensive analysis of global EV adoption trends, drawing on historical data that tracks EV sales and stock across various regions from 2011 onward. By examining the evolution of market shares and the distribution of different powertrain types, such as battery electric vehicles (BEVs), this research uncovers significant regional disparities in EV adoption. The findings highlight key drivers and barriers influencing market growth, providing insights into the varied pace of electrification across the globe. This analysis underscores the need for region-specific policy measures to overcome challenges and accelerate the transition to electric mobility. Ultimately, this study contributes to the broader discourse on achieving an eco-friendly transportation future by offering a nuanced understanding of the global progress towards widespread EV adoption.

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