EV subscription services set for rapid growth
Subscriptions of connected services for electric vehicles (EVs) will grow 270 per cent from 2020 to 2024, reaching seven million subscribers by 2024, with revenue opportunities surging to $378m (£297m) by 2030.
This is according to research to by global tech market advisory firm, ABI Research.
Maite Bezerra, smart mobility and automotive analyst at ABI Research, said: “EV sales have presented slow market growth in the past years. However, the increasing number of countries setting up deadlines to end the sale of internal combustion engine (ICE) vehicles will propel higher EV adoption.
“While Norway voiced its intention to end the sales of new ICE vehicles by 2025, Germany, Sweden, India, China, among other countries, seek to ban the sales of ICE vehicles from 2030. Moreover, with an increasing number of cities in Europe enforcing emission rules, only EVs will be able to run in urban areas in the next years. In fact, 27 million of consumer and one million of commercial plug-in electric vehicles will be sold by 2030.”
