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Electric Vehicle Market by Type (Battery Electric Vehicle, Hybrid Electric Vehicle, and Plug-in Hybrid Electric Vehicle), and Vehicle Type (Passenger Car, Commercial Vehicle, and Two-Wheeler) - Global Opportunity Analysis and Industry Forecast, 2018-2025

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AU_172404
Pages: 202
Jul 2018 | 21357 Views
 
Author's : Rahul Kumar
Tables: 83
Charts: 74
 

Global Electric Vehicle Market Overview:

The global electric vehicle market was valued at $118,864.5 million in 2017, and is projected to reach $567,299.8 million by 2025, growing at a CAGR of 22.3% from 2018 to 2025. The electric vehicles are powered either by a collector system through electricity from charging station deployments or can be charged by self-charging devices such as regenerative braking systems, turbochargers, and others. According to the Norwegian Road Federation, a public road infrastructure administration in Norway, pure electric cars and hybrid cars in Norway accounted for 52% of all new car sales in 2017 as against 40% in 2016. Norway’s parliament has set a resolution goal that by 2025 all cars sold should be zero emissions.

China is a potential market for electric vehicles, as it has the maximum number of electric vehicles manufacturing industries. According to Forbes, Chinese automakers churned out 680,000 all-electric cars, buses, and trucks in 2017, more than the rest of the world combined. China produced more than 200,000 all-electric commercial vehicles last year, amounting to nearly 5% of the total output of the world.

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The demand for electric vehicles is governed by increase in demand for fuel-efficient, high-performance, and low-emission vehicles. In addition, the trend of reduction in vehicular emission due to stringent rules & regulations in several countries and growth of public charging infrastructure in China, France, Norway, and the other developed countries is fueling the market growth. However, high manufacturing cost of electric vehicles and low fuel economy & serviceability restrain the electric vehicle market growth. Moreover, technological advancements in electric vehicles and proactive government initiatives are expected to unfold various opportunities for the growth of the stakeholders of the electric vehicle market, such as system integrators, vehicle manufacturers, engine manufactures, and component providers, in future.

Market dynamics

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 Stringent vehicular emission rules and regulations

Several laws and regulations have been enacted globally by countries to monitor vehicular emission. Many countries have adopted previous versions of European or United Nations Economic Commission for Europe (“UN-ECE”) mobile source emission regulations. Some countries have adopted more advanced regulations based on the most recent version of the European or the U.S. regulations. For instance, China adopted emission regulations for large cities based on European Stage V emission standards. Taiwan and Korea have adopted the U.S.-based stringent standards for gasoline vehicles, and European-based standards for diesel vehicles. These factors are expected to promote growth of the market in future.

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The market is segmented based on type, vehicle type, and geography. Based on type, it is divided into plug-in hybrid electric vehicles (PHEV), hybrid electric vehicles (HEV), and battery electric vehicles (BEV). By vehicle type, it is classified into two-wheeler, passenger car, and commercial vehicle. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA, with a further country level analysis of each of these regions.

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The leading market players in the market focus to expand their business operations in emerging countries. These companies have consistently introduced innovative solutions to enhance their product portfolio.

Thus,expansion and product launch are two prominent growth strategies adopted by these players.

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The major players profiled in this report include Tesla, BMW Group, Nissan Motor Corporation, Toyota Motor Corporation, Volkswagen AG, General Motors, Daimler AG, Energica Motor Company S.P.A., BYD Company Motors, and Ford Motor Company.

The other players in value chain include Zero Motorcycles, Renault Motors, Audi AG, Citroën, and Mahindra & Mahindra Ltd.

Key Benefits

  • This study comprises an analytical depiction of the global electric vehicle market with current trends and future estimations to depict the imminent investment pockets.
  • The overall electric vehicle market potential is determined to understand the lucrative trends to gain a stronger foothold in the electric vehicle industry.
  • The report includes information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the global electric vehicle market.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in this global electric vehicle market.

Electric Vehicle Market Key Segments:

By Type

  • Battery Electric Vehicle
  • Hybrid Electric Vehicle
  • Plug-in Hybrid Electric Vehicle

By Vehicle Type

  • Two-wheeler
  • Passenger Car
  • Commercial Vehicle

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Netherlands
    • Norway
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Market Players In Value Chain

  • Bayerische Motoren Werke Aktiengesellchaft
  • BYD Company Limited
  • Daimler AG
  • Energica Motor Company S.p.A.
  • Ford Motor Company
  • General Motor Company
  • Nissan Motor Co. Ltd
  • Tesla, Inc.
  • Toyota Motor Corporation
  • Volkswagen AG
 

Chapter: 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

Chapter: 2: EXECUTIVE SUMMARY

2.1. CXO perspective

Chapter: 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies

3.3. Porter’s five forces analysis

3.3.1. Moderate-to-high bargaining power of suppliers
3.3.2. Moderate-to-high threat of new entrants
3.3.3. Moderate threat of substitutes
3.3.4. High-to-moderate intensity of rivalry
3.3.5. Moderate bargaining power of buyers

3.4. Market share analysis (2017)
3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Increase in demand for fuel-efficient, high-performance, and low-emission vehicles
3.5.1.2. Stringent government rules and regulations towards vehicle emission

3.5.2. Restraints

3.5.2.1. High manufacturing cost
3.5.2.2. Low fuel economy and serviceability

3.5.3. Opportunities

3.5.3.1. Technological advancements
3.5.3.2. Proactive government initiatives

Chapter: 4: ELECTRIC VEHICLE MARKET, BY TYPE

4.1. Overview
4.2. Battery Electric Vehicle

4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by country

4.3. Hybrid Electric Vehicle

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country

4.4. Plug-in Hybrid Electric Vehicle

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis by country

Chapter: 5: ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE

5.1. Overview
5.2. Two-Wheeler

5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country

5.3. Passenger Car

5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis by country

5.4. Commercial Vehicles

5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis by country

Chapter: 6: ELECTRIC VEHICLE MARKET, BY REGION

6.1. Overview
6.2. North America

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by type
6.2.3. Market size and forecast, by vehicle type
6.2.4. Market analysis by country
6.2.5. U.S.

6.2.5.1. Market size and forecast, by type
6.2.5.2. Market size and forecast, by vehicle type

6.2.6. Canada

6.2.6.1. Market size and forecast, by type
6.2.6.2. Market size and forecast, by vehicle type

6.2.7. Mexico

6.2.7.1. Market size and forecast, by type
6.2.7.2. Market size and forecast, by vehicle type

6.3. Europe

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by type
6.3.3. Market size and forecast, by vehicle type
6.3.4. Market analysis by country
6.3.5. U.K.

6.3.5.1. Market size and forecast, by type
6.3.5.2. Market size and forecast, by vehicle type

6.3.6. France

6.3.6.1. Market size and forecast, by type
6.3.6.2. Market size and forecast, by vehicle type

6.3.7. Germany

6.3.7.1. Market size and forecast, by type
6.3.7.2. Market size and forecast, by vehicle type

6.3.8. Netherlands

6.3.8.1. Market size and forecast, by type
6.3.8.2. Market size and forecast, by vehicle type

6.3.9. Norway

6.3.9.1. Market size and forecast, by type
6.3.9.2. Market size and forecast, by vehicle type

6.3.10. Rest of Europe

6.3.10.1. Market size and forecast, by type
6.3.10.2. Market size and forecast, by vehicle type

6.4. Asia-Pacific

6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by type
6.4.3. Market size and forecast, by vehicle type
6.4.4. Market analysis by country
6.4.5. China

6.4.5.1. Market size and forecast, by type
6.4.5.2. Market size and forecast, by vehicle type

6.4.6. India

6.4.6.1. Market size and forecast, by type
6.4.6.2. Market size and forecast, by vehicle type

6.4.7. Japan

6.4.7.1. Market size and forecast, by type
6.4.7.2. Market size and forecast, by vehicle type

6.4.8. South Korea

6.4.8.1. Market size and forecast, by type
6.4.8.2. Market size and forecast, by vehicle type

6.4.9. Rest of Asia-Pacific

6.4.9.1. Market size and forecast, by type
6.4.9.2. Market size and forecast, by vehicle type

6.5. LAMEA

6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by type
6.5.3. Market size and forecast, by vehicle type
6.5.4. Market analysis by country
6.5.5. Latin America

6.5.5.1. Market size and forecast, by type
6.5.5.2. Market size and forecast, by vehicle type

6.5.6. Middle East

6.5.6.1. Market size and forecast, by type
6.5.6.2. Market size and forecast, by vehicle type

6.5.7. Africa

6.5.7.1. Market size and forecast, by type
6.5.7.2. Market size and forecast, by vehicle type

Chapter: 7: COMPANY PROFILES

7.1. Bayerische Motoren Werke Aktiengesellschaft

7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.1.6. Key strategic moves and developments

7.2. BYD Company Limited

7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Business performance
7.2.6. Key strategic moves and developments

7.3. Daimler AG

7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Business performance
7.3.6. Key strategic moves and developments

7.4. Energica Motor Company S. p. A

7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Product portfolio
7.4.4. Business performance
7.4.5. Key strategic moves and developments

7.5. Ford Motor Company

7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance
7.5.6. Key strategic moves and developments

7.6. General Motors Company

7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Business performance
7.6.6. Key strategic moves and developments

7.7. Nissan Motor Co., Ltd.

7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Business performance
7.7.6. Key strategic moves and developments

7.8. Tesla, Inc.

7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Business performance
7.8.6. Key strategic moves and developments

7.9. Toyota Motor Corporation

7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.9.5. Business performance
7.9.6. Key strategic moves and developments

7.10. Volkswagen AG

7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio
7.10.5. Business performance
7.10.6. Key strategic moves and developments

LIST OF TABLES

TABLE 01. GLOBAL ELECTRIC VEHICLE MARKET, BY TYPE, 2018-2025($MILLION)
TABLE 02. ELECTRIC VEHICLE MARKET REVENUE FOR BATTERY ELECTRIC VEHICLE, BY REGION 2018-2025 ($MILLION)
TABLE 03. ELECTRIC VEHICLE MARKET REVENUE FOR HYBRID ELECTRIC VEHICLE, BY REGION 2018-2025 ($MILLION)
TABLE 04. ELECTRIC VEHICLE MARKET REVENUE FOR PLUG-IN HYBRID ELECTRIC VEHICLE, BY REGION 2018-2025 ($MILLION)
TABLE 05. GLOBAL ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 ($MILLION)
TABLE 06. ELECTRIC VEHICLE MARKET REVENUE FOR TWO-WHEELER, BY REGION 2018-2025 ($MILLION)
TABLE 07. ELECTRIC VEHICLE MARKET REVENUE FOR PASSENGER CAR, BY REGION 2017-2025 ($MILLION)
TABLE 08. ELECTRIC VEHICLE MARKET REVENUE FOR COMMERCIAL VEHICLE, BY REGION  2018-2025 ($MILLION)
TABLE 09. NORTH AMERICAN ELECTRIC VEHICLE MARKET, BY TYPE, 2017-2025 ($MILLION)
TABLE 10. NORTH AMERICAN ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2017-2025 ($MILLION)
TABLE 11. NORTH AMERICAN ELECTRIC VEHICLE MARKET, BY COUNTRY, 2017-2025 ($MILLION)
TABLE 12. U.S. ELECTRIC VEHICLE MARKET, BY TYPE, 2017-2025 ($MILLION)
TABLE 13. U.S. ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2017-2025 ($MILLION)
TABLE 14. CANADA ELECTRIC VEHICLE MARKET, BY TYPE, 2017-2025 ($MILLION)
TABLE 15. CANADA ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2017-2025 ($MILLION)
TABLE 16. MEXICO ELECTRIC VEHICLE MARKET, BY TYPE, 2017-2025 ($MILLION)
TABLE 17. MEXICO ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2017-2025 ($MILLION)
TABLE 18. EUROPEAN ELECTRIC VEHICLE MARKET, BY TYPE, 2017-2025 ($MILLION)
TABLE 19. EUROPEAN ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2017-2025 ($MILLION)
TABLE 20. EUROPEAN ELECTRIC VEHICLE MARKET, BY COUNTRY, 2017-2025 ($MILLION)
TABLE 21. UK ELECTRIC VEHICLE MARKET, BY TYPE, 2017-2025 ($MILLION)
TABLE 22. UK ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2017-2025 ($MILLION)
TABLE 23. FRANCE ELECTRIC VEHICLE MARKET, BY TYPE, 2017-2025 ($MILLION)
TABLE 24. FRANCE ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2017-2025 ($MILLION)
TABLE 25. GERMANY ELECTRIC VEHICLE MARKET, BY TYPE, 2017-2025 ($MILLION)
TABLE 26. GERMANY ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2017-2025 ($MILLION)
TABLE 27. NETHERLANDS ELECTRIC VEHICLE MARKET, BY TYPE, 2017-2025 ($MILLION)
TABLE 28. NETHERLANDS ELECTRIC VEHICLEMARKET, BY VEHICLE TYPE, 2017-2025 ($MILLION)
TABLE 29. NORWAY ELECTRIC VEHICLE MARKET, BY TYPE, 2017-2025 ($MILLION)
TABLE 30. NORWAY ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2017-2025 ($MILLION)
TABLE 31. REST OF EUROPE ELECTRIC VEHICLE MARKET, BY TYPE, 2017-2025 ($MILLION)
TABLE 32. REST OF EUROPE ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2017-2025 ($MILLION)
TABLE 33. ASIA-PACIFIC ELECTRIC VEHICLE MARKET, BY TYPE 2017-2025 ($MILLION)
TABLE 34. ASIA-PACIFIC ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE 2017-2025 ($MILLION)
TABLE 35. ASIA-PACIFIC ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE 2017-2025 ($MILLION)
TABLE 36. CHINA ELECTRIC VEHICLE MARKET, BY TYPE 2017-2025 ($MILLION)
TABLE 37. CHINA ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE 2017-2025 ($MILLION)
TABLE 38. INDIA ELECTRIC VEHICLE MARKET, BY TYPE 2017-2025 ($MILLION)
TABLE 39. INDIA ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE 2017-2025 ($MILLION)
TABLE 40. JAPAN ELECTRIC VEHICLE MARKET, BY TYPE 2017-2025 ($MILLION)
TABLE 41. JAPAN ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE 2017-2025 ($MILLION)
TABLE 42. SOUTH KOREA ELECTRIC VEHICLE MARKET, BY TYPE 2017-2025 ($MILLION)
TABLE 43. SOUTH KOREA ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE 2017-2025 ($MILLION)
TABLE 44. REST OF ASIA-PACIFIC ELECTRIC VEHICLE MARKET, BY TYPE 2017-2025 ($MILLION)
TABLE 45. REST OF ASIA-PACIFIC ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE 2017-2025 ($MILLION)
TABLE 46. LAMEA ELECTRIC VEHICLE MARKET, BY TYPE 2017-2025 ($MILLION)
TABLE 47. LAMEA ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE 2017-2025 ($MILLION)
TABLE 48. LAMEA ELECTRIC VEHICLE MARKET, BY COUNTRY 2017-2025 ($MILLION)
TABLE 49. LATIN AMERICA ELECTRIC VEHICLE MARKET, BY TYPE 2017-2025 ($MILLION)
TABLE 50. LATIN AMERICA ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE 2017-2025 ($MILLION)
TABLE 51. MIDDLE EAST ELECTRIC VEHICLE MARKET, BY TYPE 2017-2025 ($MILLION)
TABLE 52. MIDDLE EAST ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE 2017-2025 ($MILLION)
TABLE 53. AFRICA ELECTRIC VEHICLE MARKET, BY TYPE 2017-2025 ($MILLION)
TABLE 54. AFRICA ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE 2017-2025 ($MILLION)
TABLE 55. BMW: COMPANY SNAPSHOT
TABLE 56. BMW: OPERATING SEGMENTS
TABLE 57. BMW: PRODUCT PORTFOLIO
TABLE 58. BYD: COMPANY SNAPSHOT
TABLE 59. BYD: OPERATING SEGMENTS
TABLE 60. BYD: PRODUCT PORTFOLIO
TABLE 61. DAIMLER: COMPANY SNAPSHOT
TABLE 62. DAIMLER: OPERATING SEGMENTS
TABLE 63. DAIMLER: PRODUCT PORTFOLIO
TABLE 64. ENERGICA: COMPANY SNAPSHOT
TABLE 65. ENERGICA: PRODUCT PORTFOLIO
TABLE 66. FORD: COMPANY SNAPSHOT
TABLE 67. FORD: OPERATING SEGMENTS
TABLE 68. FORD: PRODUCT PORTFOLIO
TABLE 69. GM: COMPANY SNAPSHOT
TABLE 70. GM: OPERATING SEGMENTS
TABLE 71. GM: PRODUCT PORTFOLIO
TABLE 72. NISSAN: COMPANY SNAPSHOT
TABLE 73. NISSAN: OPERATING SEGMENTS
TABLE 74. NISSAN: PRODUCT PORTFOLIO
TABLE 75. TESLA: COMPANY SNAPSHOT
TABLE 76. TESLA: OPERATING SEGMENTS
TABLE 77. TESLA: PRODUCT PORTFOLIO
TABLE 78. TOYOTA: COMPANY SNAPSHOT
TABLE 79. TOYOTA: OPERATING SEGMENTS
TABLE 80. TOYOTA: PRODUCT PORTFOLIO
TABLE 81. VOLKSWAGEN: COMPANY SNAPSHOT
TABLE 82. VOLKSWAGEN: OPERATING SEGMENTS
TABLE 83. VOLKSWAGEN: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY
FIGURE 03. EXECUTIVE SUMMARY
FIGURE 04. TOP IMPACTING FACTORS
FIGURE 05. TOP INVESTMENT POCKETS
FIGURE 06. TOP WINNING STRATEGIES, BY YEAR, 2015-2018*
FIGURE 07. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2015-2018*
FIGURE 08. TOP WINNING STRATEGIES, BY COMPANY, 2015-2018*
FIGURE 09. MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10. MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11. HIGH THREAT OF SUBSTITUTES
FIGURE 12. HIGH-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 13. MODERATE BARGAINING POWER OF BUYERS
FIGURE 14. MARKET SHARE ANALYSIS (2017) (%)
FIGURE 15. GLOBAL ELECTRIC VEHICLE MARKET SHARE, BY TYPE, 2017-2025 (%)
FIGURE 16. ELECTRIC VEHICLE MARKET FOR BATTERY ELECTRIC VEHICLE BY GEOGRAPHY 2017-2025, ($MILLION)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF BATTERY ELECTRIC VEHICLE MARKET, BY COUNTRY, 2017 & 2025 (%)
FIGURE 18. ELECTRIC VEHICLE MARKET FOR HYBRID ELECTRIC VEHICLE BY GEOGRAPHY 2017-2025, ($MILLION)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF HYBRID ELECTRIC VEHICLE MARKET, BY COUNTRY, 2018 & 2025 (%)
FIGURE 20. ELECTRIC VEHICLE MARKET FOR PLUG-IN HYBRID ELECTRIC VEHICLE, BY GEOGRAPHY 2017-2025, ($MILLION)
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF ELECTRIC VEHICLE MARKET FOR PLUG-IN HYBRID ELECTRIC VEHICLE, BY COUNTRY, 2017 & 2025 (%)
FIGURE 22. GLOBAL ELECTRIC VEHICLE MARKET SHARE, BY VEHICLE TYPE, 2018-2025 (%)
FIGURE 23. TWO-WHEELERS ELECTRIC VEHICLE MARKET BY GEOGRAPHY 2017-2025, ($MILLION)
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF ELECTRIC VEHICLE MARKET FOR TWO WHEELERS, BY COUNTRY, 2018 & 2025 (%)
FIGURE 25. PASSENGER CARS ELECTRIC VEHICLE MARKET BY GEOGRAPHY 2017-2025, ($MILLION)
FIGURE 26. COMPARATIVE SHARE ANALYSIS OF ELECTRIC VEHICLE MARKET FOR PASSENGER CAR, BY COUNTRY, 2017 & 2025 (%)
FIGURE 27. COMMERCIAL VEHICLES ELECTRIC VEHICLE MARKET BY GEOGRAPHY 2017-2025, ($MILLION)
FIGURE 28. COMPARATIVE SHARE ANALYSIS OF ELECTRIC VEHICLE MARKET FOR COMMERCIAL VEHICLES, BY COUNTRY, 2018 & 2025 (%)
FIGURE 29. U.S. ELECTRIC VEHICLE MARKET, 2017-2025 ($MILLION)
FIGURE 30. CANADA ELECTRIC VEHICLE MARKET, 2017-2025 ($MILLION)
FIGURE 31. MEXICO ELECTRIC VEHICLE MARKET, 2017-2025 ($MILLION)
FIGURE 32. U.K. ELECTRIC VEHICLE MARKET, 2017-2025 ($MILLION)
FIGURE 33. FRANCE ELECTRIC VEHICLEMARKET, 2017-2025 ($MILLION)
FIGURE 34. GERMANY ELECTRIC VEHICLEMARKET, 2017-2025 ($MILLION)
FIGURE 35. NETHERLANDS ELECTRIC VEHICLEMARKET, 2017-2025 ($MILLION)
FIGURE 36. NORWAY ELECTRIC VEHICLE MARKET, 2017-2025 ($MILLION)
FIGURE 37. REST OF EUROPE ELECTRIC VEHICLE MARKET, 2017-2025 ($MILLION)
FIGURE 38. CHINA ELECTRIC VEHICLE MARKET, 2017-2025 ($MILLION)
FIGURE 39. INDIA ELECTRIC VEHICLE MARKET, 2017-2025 ($MILLION)
FIGURE 40. JAPAN ELECTRIC VEHICLE MARKET, 2017-2025 ($MILLION)
FIGURE 41. SOUTH KOREA ELECTRIC VEHICLE MARKET, 2017-2025 ($MILLION)
FIGURE 42. REST OF ASIA-PACIFIC ELECTRIC VEHICLE MARKET, 2017-2025 ($MILLION)
FIGURE 43. LATIN AMERICA ELECTRIC VEHICLE MARKET, 2017-2025 ($MILLION)
FIGURE 44. MIDDLE EAST ELECTRIC VEHICLE MARKET, 2017-2025 ($MILLION)
FIGURE 45. AFRICA ELECTRIC VEHICLE MARKET, 2017-2025 ($MILLION)
FIGURE 46. BMW: NET SALES, 2015-2017 ($MILLION)
FIGURE 47. BMW: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 48. BMW: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 49. BYD: NET SALES, 2015-2017 ($MILLION)
FIGURE 50. BYD: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 51. BYD: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 52. DAIMLER: NET SALES, 2015-2017 ($MILLION)
FIGURE 53. DAIMLER: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 54. DAIMLER: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 55. ENERGICA: NET SALES, 2015-2017 ($MILLION)
FIGURE 56. ENERGICA: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 57. FORD: NET SALES, 2015-2017 ($MILLION)
FIGURE 58. FORD: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 59. FORD: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 60. GM: NET SALES, 2015-2017 ($MILLION)
FIGURE 61. GM: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 62. GM: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 63. NISSAN: NET SALES, 2015-2017 ($MILLION)
FIGURE 64. NISSAN: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 65. NISSAN: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 66. TESLA: NET SALES, 2015-2017 ($MILLION)
FIGURE 67. TESLA: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 68. TESLA: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 69. TOYOTA: NET SALES, 2015-2017 ($MILLION)
FIGURE 70. TOYOTA: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 71. TOYOTA: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 72. VOLKSWAGEN: NET SALES, 2015-2017 ($MILLION)
FIGURE 73. VOLKSWAGEN: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 74. VOLKSWAGEN: REVENUE SHARE BY GEOGRAPHY, 2017 (%)

 

Electric vehicles are promising technologies with respect to the reduction of global vehicular emission. The advent of electric vehicles is a paradigm shift in the modern world. Automobile manufacturers are inclined towards electric and alternative fuel vehicles due to increase in vehicle emission regulations.

Moreover, growth in demand for fuel-efficient vehicles is a key driver of the market across various countries, owing to the focus of companies on manufacturing fuel-efficient and low-cost electric vehicles. In addition, electric vehicles are currently augmented with other electronic systems, such as self-driving assist, telematics control, and tire pressure monitoring system, to provide more vigilance and comfort, which augments the market growth. However, high manufacturing cost and reduced life of the electronic parts restrain the market growth.
Stringent emission laws & regulations are compelling the automobile manufacturers to equip their vehicles with alternative fuel technologies, resulting in increased overall market adoption of electric vehicles.
The market in the developed countries, such as the U.S., Canada, Mexico, and Germany, is projected to report a slower growth rate as compared to the developing regions, such as South Africa, China, and the Middle East, owing to the rapid industrialization and high sales of vehicles in developed region.

Various companies have also tried to expand their business by opening various manufacturing facilities in the developing countries, such as India, South Africa, to develop electric vehicles for commercial purposes.

North America is expected to witness the highest adoption of electric vehicles, owing to the growth in density of automobiles, booming economy, and rise in buying power of customers. Also, countries, such as India and South Korea, offer lucrative opportunities for the growth of the electric vehicle market as they have a large volumetric base of two-wheelers and implementation of stringent vehicular emission norms.

 

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