Descriptive Analytics

Descriptive analytics looks at historical data to describe trends and patterns.

1. EV Sales Growth

From 2010 to 2023, electric vehicle (EV) sales have shown impressive growth:

Total EV Sales Growth: EV sales increased from 12,496 units in 2010 to 32,983,570 in
2023. This is a massive increase of 263953% in just 13 years.
EV % on Total Cars: The percentage of EVs as a part of total car sales grew from 0% in
2010 to 19% in 2023.This indicates a continuous growth for EV adoption by end users.

2. Non-Electric Car Sales

Non-electric car sales have shown a decline in growth over the years, especially after
2015.The total number of non-electric cars sold decreased from over 181 million in 2015 to
around 143 million in 2023. While this is still a massive volume, it represents a downward
trend as EVs take up more market share.

3. Year-over-Year Trends

Growth of EV Sales: Every year, EV sales have seen significant year-on-year growth, with
an exception in some earlier years, where growth was slower.

Saturation Point: By 2021, EV sales reached a critical threshold where they started to
account for a double-digit percentage of the total car market. From 2021 to 2023, the
percentage of EVs in total car sales increased by about 9 % (from 10% to 19%)

Sum of Electric cars Sum of Non-electric car EV. % on Total

Year sold sales Cars
2010 12496 114275801 0%
2011 112449 141559159 0%
2012 284447 159000299 0%
2013 508443 162697015 0%
2014 806316 172000295 0%
2015 1409306 181895273 1%
2016 1844926 189332915 1%
2017 2815524 191312798 1%
2018 4719229 189846785 2%
2019 5149003 183652743 3%
2020 8368244 153874359 5%
2021 17129211 150911120 10%
2022 25045883 139780895 15%
2023 32983570 143755791 19%
Grand
Total 101189047 2273895248 4%
Countrywide Contribution on EV

Entity Electric cars sold Non-electric car sales EV. % on Total Cars
Australia 184290 9564004 2%
Austria 219100 2410977 8%
Belgium 470472 6461692 7%
Brazil 90158 22334730 0%
Canada 564740 17819646 3%
Chile 3859 2327887 0%
China 21775150 250229691 8%
Denmark 259044 2248307 10%
Europe 11578420 204474722 5%
European Union (27) 8552151 149850924 5%
Finland 145801 1118459 12%
France 1541538 26863973 5%
Germany 2911340 37042515 7%
Greece 35602 833508 4%
Iceland 50298 116573 30%
India 146173 16893769 1%
Israel 150282 3390339 4%
Italy 487420 17010810 3%
Japan 601415 57919335 1%
Mexico 39459 10399354 0%
Netherlands 769667 6090577 11%
New Zealand 100278 2972828 3%
Norway 847060 941086 47%
Poland 85692 5252732 2%
Portugal 174629 2035838 8%
Rest of World 245559 124693047 0%
South Africa 3426 3620620 0%
South Korea 511850 13629860 4%
Spain 358530 12381783 3%
Sweden 682160 3327183 17%
Switzerland 275451 3513141 7%
Turkey 82545 7073754 1%
United Kingdom 1584238 28509110 5%
United States 4743800 181662252 3%
.

Predictive Analytics

Future of EVs, for the coming years, using a simple linear regression model on the
percentage of electric vehicles.

Modeling EV Adoption Growth

To predict future trends in the percentage of EVs in the total car market , we can apply
linear regression . Using the provided data, we can predict the percentage of EVs in 2025,
2030, and 2040 based on the observed growth . We predict that EV sales will continue to
grow at the same rate in the coming years , considering that market factors (such as
government policies, climate change concerns, and technological advances) will continue to
support this trend.

Linear Regression Calculation:

We can model the EV percentage growth from 2010 to 2023 to predict future values.

Future Predictions (2025, 2030, 2040):

Assuming we apply the regression model to the data points for EV percentage growth, we can
anticipate that:

2025: EVs could represent around 25% of total car sales. , 2030: The EV market share might
be around 35-40% of total car sales.2040: If the trend continues , 60-70% of total car sales
could be electric vehicles , assuming technological innovation and market demand continue
to rise .

Employment, Revenue, and Innovation Patterns

1. Employment Impact

 As the EV market grows, it will likely increase jobs in several sectors:

Production Line : EV production requires different manufacturing processes (e.g.,

battery production, electric drivetrain assembly). Companies will need more workers
for these tasks . EV-related companies will likely need more engineers and software
developers for innovation in areas such as battery technology, autonomous driving,
and vehicle to grid technology. EV manufacturers and dealerships will expand to
meet the growing demand. This could lead to more jobs in retail, marketing, and after-
sales services . The demand for charging stations, renewable energy infrastructure,
and new mobility services (e.g., ride-sharing) will generate additional employment
opportunities.

2. Revenue Impact

 As the market share of EVs grows, so does the potential for revenue in the following
sectors:

Manufacturing Companies will see their revenue from electric vehicle sales increase
substantially. These companies will diversify their revenue streams as they shift from
traditional combustion engines to electric powertrains.Battery Manufacturers: A
substantial increase in EV production will require more batteries . Companies
involved in lithium, cobalt, and nickel extraction will see increased demand for raw
materials . Renewable Energy : As EVs become more mainstream, the demand for
 renewable energy sources (solar , wind) and grid modernization will increase. This
could boost the renewable energy sector’s revenues.

3. Innovation Patterns

 Battery Innovation : Advances in battery technology (longer-lasting, faster-charging

batteries) are crucial for EVs . Companies will likely invest heavily in improving
lithium-ion technology or exploring new battery materials like solid-state batteries.
 Autonomous Vehicle : The integration of electric vehicles with autonomous driving
technology is expected to accelerate, spurring innovation in AI, machine learning, and
sensor technologies.
 Energy Ecosystems : The growth of electric cars could lead to the development of
clean energy ecosystems , where vehicles are integrated with home energy systems or
the larger power grid, facilitating energy storage and sharing.

Key Skills in Growing Sectors:

1. Electric Vehicles 2. Renewable 3. Technology (AI & 4. Sustainability 5. Mobility and
(EVs): Energy: Software): and Green Tech: Smart Cities:
Solar Power
Battery Technology Artificial Intelligence Circular Economy Smart Mobility
Systems
Wind Turbine Green Building
Electric Powertrains Machine Learning Urban Planning
Engineering Design
Charging Sustainable
Energy Storage Data Science Electric Mobility
Infrastructure Manufacturing
Data Analytics for
Vehicle-to-Grid Carbon Footprint
Grid Modernization Cloud Computing Urban
(V2G) Technology Reduction
Infrastructure
Smart Grid Environmental
Autonomous Driving Cybersecurity IoT in Smart Cities
Technology Policy
Energy Software Climate Change Autonomous
Energy Efficiency
Management Development Mitigation Vehicles

Power Electronics Sustainable Design Blockchain Eco-Design Urban Sustainability

Environmental Internet of Things Traffic Management

Robotics Resource Efficiency
Impact Analysis (IoT) Systems

AI and Machine
Quantum Mobility-as-a-
Learning for EV Geothermal Energy Carbon Trading
Computing Service (MaaS)
Systems

Augmented Reality Sustainable

Hydroelectric Biodiversity
(AR) / Virtual Reality Transportation
Engineering Management
(VR) Design