Electric Vehicles Market to Cross $1 Trillion by 2031 as BEVs Dominate Global Sales, Reports Mordor Intelligence [Yahoo! Finance]
Stellantis N.V. Common Shares (STLA)
Company Research
Source: Yahoo! Finance
HYDERABAD, India March 1, 2026 /PRNewswire/ -- According to the latest report by Mordor Intelligence electric vehicles market size is entering a high-growth phase, rising from USD 0.67 trillion in 2025 to USD 0.75 trillion in 2026 , and projected to reach USD 1.30 trillion by 2031 at a CAGR of 11.68%. Momentum is being driven by declining battery pack costs, rapid deployment of 350 kW and above fast-charging corridors, and tighter fleet-average CO2 regulations across China, the European Union, and the United States. Battery electric vehicles already represent more than 70% of total unit sales, while Asia-Pacific contributes over half of global demand, supported by China's large-scale lithium-iron-phosphate production. Automakers are increasingly adopting 400–800V architectures to enable sub-20-minute charging, and commercial fleets are accelerating EV adoption as total ownership costs fall below diesel alternatives. Market competition remains moderate, with BYD , Tesla, and SAIC coll
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STLA
Sec Filings
- 3/3/26 - Form 6-K
- 2/26/26 - Form 6-K
- 2/26/26 - Form 20-F
- STLA's page on the SEC website