According to Deloitte’s global electric vehicle (EV) forecast, total EV sales will grow from 2.5 million in 2020 to 11.2 million in 2025, then reach 31.1 million by 2030 – representing approximately 32% of the total market share for new car sales. Over the next 10 years, the EV market is projected to achieve a compound annual growth rate of 29%.