GITNUX MARKETDATA REPORT 2024

Ai In The Ev Industry Statistics

AI in the EV industry is expected to revolutionize technology, production, and consumer experience through increased efficiency and innovation.

With sources from: news.stanford.edu, statista.com, iea.org, gov.uk and many more

Statistic 1

According to an Oct 2018 report by McKinsey, AI can help EV manufacturers to cut operating costs by 10 to 20 percent.

Statistic 2

PwC estimates that AI could add approximately $15.7 trillion to the global economy by 2030, where EV industry will be a key sector.

Statistic 3

By 2030, autonomous vehicles could make up 95 percent of passenger miles traveled in the US, particularly in the EV sector.

Statistic 4

AI and machine learning could reduce EV charging times by up to 40 percent according to research by Stanford University.

Statistic 5

By 2025, approximately 10% of all cars worldwide are expected to be self-driving, and AI is a key technology realizing this.

Statistic 6

According to Market Research Future (MRFR), the global AI in the automotive market is expected to grow at a CAGR of over 10% between 2017 and 2023.

Statistic 7

The AI market in transportation is projected to grow from USD 1.2 billion in 2018 to USD 10.3 billion by 2030.

Statistic 8

The UK government has announced a £200 million investment in AI research for the automotive industry.

Statistic 9

The global AI in the automotive market is expected to reach $12 billion by 2026, with a significant chunk being in EV.

Statistic 10

Global electric vehicle market is expected to exceed $567 billion by 2026, much of it will be digitally connected via AI.

Statistic 11

76% of respondents in an Infosys survey said AI was fundamental to the success of their organization’s strategy.

Statistic 12

McKinsey's 2016 report predicted that by 2020, up to 15% of new cars could be fully autonomous, thanks to AI technology.

Statistic 13

According to PwC, the increasing adoption of AI in electric vehicles is driving a compound annual growth rate of 26.9% for autonomous vehicles.

Statistic 14

The number of EVs on the road is predicted to reach over 125 million by 2030, which corresponds with the increasing integration of AI in vehicles.

Statistic 15

AI in transportation market is projected to reach $3.5 billion by 2023 from $1.2 billion in 2017.

Statistic 16

China, the world's biggest car market, plans to ban the production and sale of diesel and petrol vehicles, which will hugely boost the EV industry largely equipped with AI technologies.

Sources Icon Sources

In this post, we explore the significant impact of artificial intelligence (AI) in the electric vehicle (EV) industry. With statistics pointing towards substantial cost reductions, economic growth, and technological advancements driven by AI, the convergence of these factors is reshaping the future of transportation. From optimizing operating costs to enhancing vehicle performance, the integration of AI is revolutionizing the EV sector and paving the way for a more sustainable and efficient automotive landscape.

Statistic 1

"According to an Oct 2018 report by McKinsey, AI can help EV manufacturers to cut operating costs by 10 to 20 percent."

Sources Icon

Statistic 2

"PwC estimates that AI could add approximately $15.7 trillion to the global economy by 2030, where EV industry will be a key sector."

Sources Icon

Statistic 3

"By 2030, autonomous vehicles could make up 95 percent of passenger miles traveled in the US, particularly in the EV sector."

Sources Icon

Statistic 4

"AI and machine learning could reduce EV charging times by up to 40 percent according to research by Stanford University."

Sources Icon

Statistic 5

"By 2025, approximately 10% of all cars worldwide are expected to be self-driving, and AI is a key technology realizing this."

Sources Icon

Statistic 6

"According to Market Research Future (MRFR), the global AI in the automotive market is expected to grow at a CAGR of over 10% between 2017 and 2023."

Sources Icon

Statistic 7

"The AI market in transportation is projected to grow from USD 1.2 billion in 2018 to USD 10.3 billion by 2030."

Sources Icon

Statistic 8

"The UK government has announced a £200 million investment in AI research for the automotive industry."

Sources Icon

Statistic 9

"The global AI in the automotive market is expected to reach $12 billion by 2026, with a significant chunk being in EV."

Sources Icon

Statistic 10

"Global electric vehicle market is expected to exceed $567 billion by 2026, much of it will be digitally connected via AI."

Sources Icon

Statistic 11

"76% of respondents in an Infosys survey said AI was fundamental to the success of their organization’s strategy."

Sources Icon

Statistic 12

"McKinsey's 2016 report predicted that by 2020, up to 15% of new cars could be fully autonomous, thanks to AI technology."

Sources Icon

Statistic 13

"According to PwC, the increasing adoption of AI in electric vehicles is driving a compound annual growth rate of 26.9% for autonomous vehicles."

Sources Icon

Statistic 14

"The number of EVs on the road is predicted to reach over 125 million by 2030, which corresponds with the increasing integration of AI in vehicles."

Sources Icon

Statistic 15

"AI in transportation market is projected to reach $3.5 billion by 2023 from $1.2 billion in 2017."

Sources Icon

Statistic 16

"China, the world's biggest car market, plans to ban the production and sale of diesel and petrol vehicles, which will hugely boost the EV industry largely equipped with AI technologies."

Sources Icon

Interpretation

In conclusion, the integration of AI in the electric vehicle (EV) industry is poised to revolutionize the automotive sector, leading to significant cost savings, efficiency improvements, and enhanced sustainability. With the potential to cut operating costs, accelerate charging times, and drive the growth of autonomous vehicles, AI technologies are projected to have a profound impact on the global economy and transportation landscape. The increasing adoption of AI in EVs is driving substantial market growth and positioning the industry for a digital transformation, with key players and governments worldwide investing heavily in research and development to harness the full potential of AI in automotive innovation.

Can You Trust Our Report?

The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.

Learn more about our process here.

Submit Your Own Statistic Data

Would you like to submit your own researched statistics on this topic? You are welcome to use the form below and submit your suggestion to us. We will check the source and approve it if necessary.

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!