With almost one in every five cars sold in 2023 fully electric, EVs are no longer a niche market.

The 14 million new electric cars registered represented a 35% uplift from 2022, with analysts predicting that, worldwide, 17 million more new EVs were on the road in 2024

Sales are highly concentrated, with 95% completed in just three markets, China (60%), Europe (25%), and the United States (10%).  The growth in the global EV retail market is impacted by numerous domestic factors too. These include differences in national governments’ laws, regulations and subsidies, local supply chain and charging infrastructure challenges, and varying levels of cultural acceptance. Communication of EV’s overall value proposition, the concept of mobility and total cost of ownership, has been inconsistent.

But the long-term trajectory towards a future in which EVs dominate is unstoppable. It’s an industry bursting with innovation, new business models and an energy that reflects the vital role it plays in slowing down the impacts of climate change. Capgemini is playing its part in this dynamic sector too, providing consulting and services for a diverse range of stakeholders, from the major global manufacturers to the brightest start-ups.