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Allied Market Research

Electric Vehicle Market by Type (Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV), and Plug-in Hybrid Electric Vehicles (PHEV)), Vehicle Class (Mid-Priced and Luxury), and Vehicle Type (Two-wheelers, Passenger Cars, and Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2020–2027

A02073
Pages: 256
Apr 2020 | 146084 Views
 
Author(s) : Abhay Singh
Tables: 103
Charts: 72
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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The global electric vehicle market was valued at $162.34 billion in 2019, and is projected to reach $802.81 billion by 2027, registering a CAGR of 22.6%. Asia-Pacific was the highest revenue contributor, accounting for $84.84 billion in 2019, and is estimated to reach $357.81 billion by 2027, with a CAGR of 20.1%. North America is estimated to reach $194.20 billion by 2027, at a significant CAGR of 27.5%. Asia-Pacific and Europe collectively accounted for around 74.8% share in 2019, with the former constituting around 52.3% share. North America and Europe are expected to witness considerable CAGRs of 27.5% and 25.3%, respectively, during the forecast period. The cumulative share of these two segments was 40.1% in 2019, and is anticipated to reach 51.0% by 2027.

Electric-Vehicle-Market-2020-2027

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An electric vehicle operates on electricity unlike its counterpart, which runs on fuel. Instead of internal combustion engine, these vehicles run on an electric motor that requires constant supply of energy from batteries. There are a variety of batteries used in these vehicles. These include lithium ion, molten salt, zinc-air, and various nickel-based designs. Electric vehicles was primarily designed to replace conventional ways of travel as they lead to environmental pollution. Electric vehicles have gained popularity owing to numerous technological advancements. The electric vehicle outperforms the conventional vehicle providing higher fuel economy, low carbon emission & maintenance, convenience of charging at home, smoother drive, and reduced sound from engine. There are three types of electric vehicles-battery, hybrid, and plug-in hybrid electric vehicles. In addition, electric vehicles require no engine oil changes but are slightly expensive than their gasoline equivalents.

Electric vehicles use one or more than one electric motors or traction motors for propulsion. 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 and turbochargers.

Factors such as increase in demand for fuel-efficient, high-performance, andlow-emission vehicles along with stringent government rules and regulations toward vehicle emission supplements the growth of the electric vehicle market. Moreover, factors such as high manufacturing cost and low fuel economy and serviceability are the factors expected to hamper the growth of the electric vehicle market. However, factors such as technological advancements and proactive government initiatives supplement the growth of the electric vehicle market during the forecast period.

The global electric vehicle market is segmented on the basis of type, vehicle type, and region. By type, it is divided into battery electric vehicle (BEV), hybrid electric vehicle (HEV), and plug-in hybrid electric vehicle (PHEV). By vehicle type, it is classified into two wheelers, passenger cars, and commercial vehicles. By vehicle class, it is bifurcated into mid-priced and luxury class. By region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Netherlands, Norway and rest of Europe), Asia-Pacific (China, Japan, Singapore, South Korea and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). 

 

Key players operating in the EV market 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 account for a major electric vehicle market share.

Increase in demand for fuel-efficient, high-performance, and low-emission vehicles

Gasoline being a fossil fuel is not a renewable source of energy, and is anticipated to get exhausted in the future. To support sustainable development, it is important to develop and use alternative sources of fuel. This involves use of electric vehicles, which do not use gas and are more economical than conventional vehicles. An electric vehicle converts over 50% of the electrical energy from the grid to power at the wheels, whereas the gas-powered vehicle only manages to convert about 17%–21% of the energy stored in gasoline. The demand for fuel-efficient vehicles has increased recently owing to rise in price of petrol and diesel. This is due to depleting fossil fuel reserves and growth in tendency of companies to gain maximum profit from these oil reserves. Thus, these factors give rise to the need for advanced fuel-efficient technologies, leading to surge in demand for electrically powered vehicles for travel.

Electric Vehicle Market
By Type

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Battery Electric vehicles is projected as the most lucrative segments

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Stringent government rules and regulations towards vehicle emission

The conventional gas-powered vehicle makes use of an internal combustion engine to generate power. In an ideal scenario, the combustion system fully incinerates the fuel and only creates carbon dioxide and water as a waste, however, the combustion system generates various greenhouse gases, leading to environmental pollution. On the other hand, an electric vehicle uses an electric motor powered via a continuous supply of current; hence, it does not create any pollutants. The U.S., Germany, France, and China have implemented stringent government laws and regulations for vehicular emission, making it mandatory for the automobile manufacturers to use advanced technologies to combat high-emission levels in vehicles. A program launched by California Air Resources Board (CARB) also includes guidelines for manufacturers to produce and deliver zero-emission vehicles (ZEVs), substantially boosting the adoption of electric vehicles.

Electric Vehicle Market
By Vehicle Type

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Commercial vehicle is projected as the most lucrative segments

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High manufacturing cost

Electric vehicles are advantageous over conventional vehicles, but cost of the former is higher than gas-powered vehicles. This is because these vehicles have not been mass produced and are yet to witness economies of scale. Also, the unavailability of infrastructure related to electric vehicle growth has proved to be a negative factor, which affects the growth of the electric vehicle market. In line with the same, manufacturing of electric vehicle requires a huge investment which also affects the growth of the market.

Electric Vehicle Market
By Vehicle Class

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Mid-priced is projected as the most lucrative segments

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Technological advancements

Automobile companies focus on the production of advanced electric vehicle systems that are expected to have lower particular emission at relatively lowers costs. Companies have also started producing downsized engines to be implemented in vehicles as smaller engines help achieve the upcoming BHARAT STAGE VI emission norms. This is because they produce lesser emissions as compared to heavier and larger engines. The compactness and cost-effectiveness of these downsized small engines also adds another dimension to their usefulness. Thus, development of advance GDI systems presents various opportunities for leading players in the future. 

Electric Vehicle Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

North America would exhibit the highest CAGR of 27.5% during 2020-2027.

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Key Benefits For Stakeholders

  • This study presents the analytical depiction of the global electric vehicle market analysis along with the current trends and future estimations to depict imminent investment pockets.

  • The overall electric vehicle market opportunity is determined by understanding profitable trends to gain a stronger foothold.

  • The report presents information related to the key drivers, restraints, and opportunities of the global electric vehicle market with a detailed impact analysis.

  • The current EV market is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.

  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the EV industry.

Key Market Segments

By Type

  • Battery Electric Vehicles (BEV)
  • Hybrid Electric Vehicles (HEV)
  • Plug-in Hybrid Electric Vehicles (PHEV)

By Vehicle Class

  • Mid-Priced
  • Luxury

By Vehicle Type

  • Two-wheelers
  • Passenger Cars
  • Commercial Vehicles

By Region

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

Key Players

  • Tesla
  • BMW Group
  • Nissan Motor Corporation
  • Toyota Motor Corporation
  • Volkswagen AG
  • General Motors
  • Daimler AG
  • Energica Motor Company S.p.A.
  • BYD Company Motors
  • Ford Motor Company
 

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

3.4.Market share analysis, 2019 (%)
3.5.Market evolution/ Industry roadmap
3.6.Market dynamics

3.6.1.Drivers

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

3.6.2.Restraints

3.6.2.1.High manufacturing cost
3.6.2.2.Low fuel economy and serviceability

3.6.3.Opportunities

3.6.3.1.Technological advancements
3.6.3.2.Proactive government initiatives

CHAPTER 4:ELECTRIC VEHICLE MARKET, BY TYPE

4.1.Overview
4.2.Battery Electric Vehicle (BEV)

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 (HEV)

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 (PHEV)

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 vehicle

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 VEHICLE CLASS

6.1.Overview
6.2.Mid-priced

6.2.1.Key market trends, growth factors and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis by country

6.3.Luxury

6.3.1.Key market trends, growth factors and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis by country

CHAPTER 7:ELECTRIC VEHICLE MARKET, BY REGION

7.1.Overview
7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by type
7.2.3.Market size and forecast, by vehicle type
7.2.4.Market size and forecast, by vehicle class
7.2.5.Market analysis by country

7.2.5.1.U.S.

7.2.5.1.1.Market size and forecast, by type
7.2.5.1.2.Market size and forecast, by vehicle type
7.2.5.1.3.Market size and forecast, by vehicle class

7.2.5.2.Canada

7.2.5.2.1.Market size and forecast, by type
7.2.5.2.2.Market size and forecast, by vehicle type
7.2.5.2.3.Market size and forecast, by vehicle class

7.2.5.3.Mexico

7.2.5.3.1.Market size and forecast, by type
7.2.5.3.2.Market size and forecast, by vehicle type
7.2.5.3.3.Market size and forecast, by vehicle class

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by type
7.3.3.Market size and forecast, by vehicle type
7.3.4.Market size and forecast, by vehicle class
7.3.5.Market analysis by country

7.3.5.1.Germany

7.3.5.1.1.Market size and forecast, by type
7.3.5.1.2.Market size and forecast, by vehicle type
7.3.5.1.3.Market size and forecast, by vehicle class

7.3.5.2.France

7.3.5.2.1.Market size and forecast, by type
7.3.5.2.2.Market size and forecast, by vehicle type
7.3.5.2.3.Market size and forecast, by vehicle class

7.3.5.3.UK

7.3.5.3.1.Market size and forecast, by type
7.3.5.3.2.Market size and forecast, by vehicle type
7.3.5.3.3.Market size and forecast, by vehicle class

7.3.5.4.The Netherlands

7.3.5.4.1.Market size and forecast, by type
7.3.5.4.2.Market size and forecast, by vehicle type
7.3.5.4.3.Market size and forecast, by vehicle class

7.3.5.5.Norway

7.3.5.5.1.Market size and forecast, by type
7.3.5.5.2.Market size and forecast, by vehicle type
7.3.5.5.3.Market size and forecast, by vehicle class

7.3.5.6.Rest of Europe

7.3.5.6.1.Market size and forecast, by type
7.3.5.6.2.Market size and forecast, by vehicle type
7.3.5.6.3.Market size and forecast, by vehicle class

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by type
7.4.3.Market size and forecast, by vehicle type
7.4.4.Market size and forecast, by vehicle class
7.4.5.Market analysis by country

7.4.5.1.China

7.4.5.1.1.Market size and forecast, by type
7.4.5.1.2.Market size and forecast, by vehicle type
7.4.5.1.3.Market size and forecast, by vehicle class

7.4.5.2.Japan

7.4.5.2.1.Market size and forecast, by type
7.4.5.2.2.Market size and forecast, by vehicle type
7.4.5.2.3.Market size and forecast, by vehicle class

7.4.5.3.Singapore

7.4.5.3.1.Market size and forecast, by type
7.4.5.3.2.Market size and forecast, by vehicle type
7.4.5.3.3.Market size and forecast, by vehicle class

7.4.5.4.South Korea

7.4.5.4.1.Market size and forecast, by type
7.4.5.4.2.Market size and forecast, by vehicle type
7.4.5.4.3.Market size and forecast, by vehicle class

7.4.5.5.Rest of Asia-Pacific

7.4.5.5.1.Market size and forecast, by type
7.4.5.5.2.Market size and forecast, by vehicle type
7.4.5.5.3.Market size and forecast, by vehicle class

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by type
7.5.3.Market size and forecast, by vehicle type
7.5.4.Market size and forecast, by vehicle class
7.5.5.Market analysis by country

7.5.5.1.Latin America

7.5.5.1.1.Market size and forecast, by type
7.5.5.1.2.Market size and forecast, by vehicle type
7.5.5.1.3.Market size and forecast, by vehicle class

7.5.5.2.Middle East

7.5.5.2.1.Market size and forecast, by type
7.5.5.2.2.Market size and forecast, by vehicle type
7.5.5.2.3.Market size and forecast, by vehicle class

7.5.5.3.Africa

7.5.5.3.1.Market size and forecast, by type
7.5.5.3.2.Market size and forecast, by vehicle type
7.5.5.3.3.Market size and forecast, by vehicle class

CHAPTER 8:COMPANY PROFILES

8.1.Bayerische Motoren Werke Aktiengesellschaft

8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Operating business segments
8.1.4.Product portfolio
8.1.5.Business performance
8.1.6.Key strategic moves and developments

8.2.BYD Company Limited

8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Operating business segments
8.2.4.Product portfolio
8.2.5.Business performance
8.2.6.Key strategic moves and developments

8.3.Daimler AG

8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Operating business segments
8.3.4.Product portfolio
8.3.5.Business performance
8.3.6.Key strategic moves and developments

8.4.Energica Motor Company S. p. A

8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Product portfolio
8.4.4.Business performance
8.4.5.Key strategic moves and developments

8.5.Ford Motor Company

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Product portfolio
8.5.5.Business performance
8.5.6.Key strategic moves and developments

8.6.General Motors Company

8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Operating business segments
8.6.4.Product portfolio
8.6.5.Business performance
8.6.6.Key strategic moves and developments

8.7.Nissan Motor Co., Ltd.

8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Operating business segments
8.7.4.Product portfolio
8.7.5.Business performance
8.7.6.Key strategic moves and developments

8.8.Tesla, Inc.

8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Operating business segments
8.8.4.Product portfolio
8.8.5.Business performance
8.8.6.Key strategic moves and developments

8.9.Toyota Motor Corporation

8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Operating business segments
8.9.4.Product portfolio
8.9.5.Business performance
8.9.6.Key strategic moves and developments

8.10.Volkswagen AG

8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Operating business segments
8.10.4.Product portfolio
8.10.5.Business performance
8.10.6.Key strategic moves and developments

LIST OF TABLES

TABLE 01.GLOBAL ELECTRIC VEHICLE MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 02.BATTERY ELECTRIC VEHICLE (BEV) MARKET REVENUE , BY REGION 2019–2027 ($MILLION)
TABLE 03.HYBRID ELECTRIC VEHICLE (HEV) MARKET REVENUE, BY REGION 2019–2027 ($MILLION)
TABLE 04.PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV) MARKET REVENUE, BY REGION 2019–2027 ($MILLION)
TABLE 05.GLOBAL ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2019-2027 ($MILLION)
TABLE 06.ELECTRIC VEHICLE MARKET REVENUE FOR TWO-WHEELER, BY REGION 2019–2027 ($MILLION)
TABLE 07.ELECTRIC VEHICLE MARKET REVENUE FOR PASSENGER CAR, BY REGION 2019–2027 ($MILLION)
TABLE 08.ELECTRIC VEHICLE MARKET REVENUE FOR COMMERCIAL VEHICLE, BY REGION 2019–2027 ($MILLION)
TABLE 09.GLOBAL ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS, 2019-2027 ($MILLION)
TABLE 10.MID-PRICED ELECTRIC VEHICLE MARKET REVENUE, BY REGION 2019–2027 ($MILLION)
TABLE 11.LUXURY ELECTRIC VEHICLE MARKET REVENUE, BY REGION 2019–2027 ($MILLION)
TABLE 12.NORTH AMERICA ELECTRIC VEHICLE MARKET, BY TYPE, 2019–2026 ($MILLION)
TABLE 13.NORTH AMERICA ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 14.NORTH AMERICA ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS, 2019–2027 ($MILLION)
TABLE 15.U.S. ELECTRIC VEHICLE MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 16.U.S. ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 17.U.S. ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS, 2019–2027 ($MILLION)
TABLE 18.CANADA ELECTRIC VEHICLE MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 19.CANADA ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 20.CANADA ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS, 2019–2027 ($MILLION)
TABLE 21.MEXICO ELECTRIC VEHICLE MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 22.MEXICO ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 23.MEXICO ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS, 2019–2027 ($MILLION)
TABLE 24.EUROPE ELECTRIC VEHICLE MARKET, BY TYPE, 2019–2026 ($MILLION)
TABLE 25.EUROPE ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 26.EUROPE ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS, 2019–2027 ($MILLION)
TABLE 27.GERMANY ELECTRIC VEHICLE MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 28.GERMANY ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 29.GERMANY ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS, 2019–2027 ($MILLION)
TABLE 30.FRANCE ELECTRIC VEHICLE MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 31.FRANCE ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 32.FRANCE ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS, 2019–2027 ($MILLION)
TABLE 33.UK ELECTRIC VEHICLE MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 34.UK ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 35.UK ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS, 2019–2027 ($MILLION)
TABLE 36.THE NETHERLANDS ELECTRIC VEHICLE MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 37.THE NETHERLANDS ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 38.THE NETHERLANDS ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS, 2019–2027 ($MILLION)
TABLE 39.NORWAY ELECTRIC VEHICLE MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 40.NORWAY ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 41.NORWAY ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS, 2019–2027 ($MILLION)
TABLE 42.REST OF EUROPE ELECTRIC VEHICLE MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 43.REST OF EUROPE ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 44.REST OF EUROPE ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS, 2019–2027 ($MILLION)
TABLE 45.ASIA-PACIFIC ELECTRIC VEHICLE MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 46.ASIA-PACIFIC ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 47.ASIA-PACIFIC ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS, 2019–2027 ($MILLION)
TABLE 48.CHINA ELECTRIC VEHICLE MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 49.CHINA ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 50.CHINA ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS, 2019–2027 ($MILLION)
TABLE 51.JAPAN ELECTRIC VEHICLE MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 52.JAPAN ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 53.JAPAN ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS, 2019–2027 ($MILLION)
TABLE 54.SINGAPORE ELECTRIC VEHICLE MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 55.SINGAPORE ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 56.SINGAPORE ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS, 2019–2027 ($MILLION)
TABLE 57.SOUTH KOREA ELECTRIC VEHICLE MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 58.SOUTH KOREA ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 59.SOUTH KOREA ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS, 2019–2027 ($MILLION)
TABLE 60.REST OF ASIA-PACIFIC ELECTRIC VEHICLE MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 61.REST OF ASIA-PACIFIC ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 62.REST OF ASIA-PACIFIC ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS, 2019–2027 ($MILLION)
TABLE 63.LAMEA ELECTRIC VEHICLE MARKET, BY TYPE, 2019–2026 ($MILLION)
TABLE 64.LAMEA ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 65.LAMEA ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS, 2019–2027 ($MILLION)
TABLE 66.LATIN AMERICA ELECTRIC VEHICLE MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 67.LATIN AMERICA ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 68.LATIN AMERICA ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS, 2019–2027 ($MILLION)
TABLE 69.MIDDLE EAST ELECTRIC VEHICLE MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 70.MIDDLE EAST ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 71.MIDDLE EAST ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS, 2019–2027 ($MILLION)
TABLE 72.AFRICA ELECTRIC VEHICLE MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 73.AFRICA ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 74.AFRICA ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS, 2019–2027 ($MILLION)
TABLE 75.BMW: COMPANY SNAPSHOT
TABLE 76.BMW: OPERATING SEGMENTS
TABLE 77.BMW: PRODUCT PORTFOLIO
TABLE 78.BYD: COMPANY SNAPSHOT
TABLE 79.BYD: OPERATING SEGMENTS
TABLE 80.BYD: PRODUCT PORTFOLIO
TABLE 81.DAIMLER: COMPANY SNAPSHOT
TABLE 82.DAIMLER: OPERATING SEGMENTS
TABLE 83.DAIMLER: PRODUCT PORTFOLIO
TABLE 84.ENERGICA: COMPANY SNAPSHOT
TABLE 85.ENERGICA: PRODUCT PORTFOLIO
TABLE 86.FORD: COMPANY SNAPSHOT
TABLE 87.FORD: OPERATING SEGMENTS
TABLE 88.FORD: PRODUCT PORTFOLIO
TABLE 89.GM: COMPANY SNAPSHOT
TABLE 90.GM: OPERATING SEGMENTS
TABLE 91.GM: PRODUCT PORTFOLIO
TABLE 92.NISSAN: COMPANY SNAPSHOT
TABLE 93.NISSAN: OPERATING SEGMENTS
TABLE 94.NISSAN: PRODUCT PORTFOLIO
TABLE 95.TESLA: COMPANY SNAPSHOT
TABLE 96.TESLA: OPERATING SEGMENTS
TABLE 97.TESLA: PRODUCT PORTFOLIO
TABLE 98.TOYOTA: COMPANY SNAPSHOT
TABLE 99.TOYOTA: OPERATING SEGMENTS
TABLE 100.TOYOTA: PRODUCT PORTFOLIO
TABLE 101.VOLKSWAGEN: COMPANY SNAPSHOT
TABLE 102.VOLKSWAGEN: OPERATING SEGMENTS
TABLE 103.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, 2017-2020*
FIGURE 07.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017-2020*
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2017-2020*
FIGURE 09.MARKET SHARE ANALYSIS, 2020 (%)
FIGURE 10.MARKET EVOLUTION/INDUSTRY ROADMAP
FIGURE 11.GLOBAL ELECTRIC VEHICLE MARKET, BY TYPE, 2019-2027
FIGURE 12.COMPARATIVE SHARE ANALYSIS OF BATTERY ELECTRIC VEHICLE (BEV) MARKET, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 13.COMPARATIVE SHARE ANALYSIS OF HYBRID ELECTRIC VEHICLE (HEV) MARKET, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 14.COMPARATIVE SHARE ANALYSIS OF PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV) MARKET, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 15.GLOBAL ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2020-2027
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF ELECTRIC VEHICLE MARKET FOR TWO-WHEELER, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF ELECTRIC VEHICLE MARKET FOR PASSENGER CAR, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF ELECTRIC VEHICLE MARKET FOR COMMERCIAL VEHICLE, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 19.GLOBAL ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS, 2020-2027
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF MID-PRICED, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF LUXURY, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 22.ELECTRIC VEHICLE MARKET, BY REGION, 2019-2027 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF ELECTRIC VEHICLE MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 24.U.S. ELECTRIC VEHICLE MARKET, 2019–2027 ($MILLION)
FIGURE 25.CANADA ELECTRIC VEHICLE MARKET, 2019–2027 ($MILLION)
FIGURE 26.MEXICO ELECTRIC VEHICLE MARKET, 2019–2027 ($MILLION)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF ELECTRIC VEHICLE MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 28.GERMANY ELECTRIC VEHICLE MARKET, 2019–2027 ($MILLION)
FIGURE 29.FRANCE ELECTRIC VEHICLE MARKET, 2019–2027 ($MILLION)
FIGURE 30.UK ELECTRIC VEHICLE MARKET, 2019–2027 ($MILLION)
FIGURE 31.THE NETHERLANDS ELECTRIC VEHICLE MARKET, 2019–2027 ($MILLION)
FIGURE 32.NORWAY ELECTRIC VEHICLE MARKET, 2019–2027 ($MILLION)
FIGURE 33.REST OF EUROPE ELECTRIC VEHICLE MARKET, 2019–2027 ($MILLION)
FIGURE 34.COMPARATIVE SHARE ANALYSIS OF ELECTRIC VEHICLE MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 35.CHINA ELECTRIC VEHICLE MARKET, 2019–2027 ($MILLION)
FIGURE 36.JAPAN ELECTRIC VEHICLE MARKET, 2019–2027 ($MILLION)
FIGURE 37.SINGAPORE ELECTRIC VEHICLE MARKET, 2019–2027 ($MILLION)
FIGURE 38.SOUTH KOREA ELECTRIC VEHICLE MARKET, 2019–2027 ($MILLION)
FIGURE 39.REST OF ASIA-PACIFIC ELECTRIC VEHICLE MARKET, 2019–2027 ($MILLION)
FIGURE 40.COMPARATIVE SHARE ANALYSIS OF ELECTRIC VEHICLE MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 41.LATIN AMERICA ELECTRIC VEHICLE MARKET, 2019–2027 ($MILLION)
FIGURE 42.MIDDLE EAST ELECTRIC VEHICLE MARKET, 2019–2027 ($MILLION)
FIGURE 43.AFRICA ELECTRIC VEHICLE MARKET, 2019–2027 ($MILLION)
FIGURE 44.BMW: NET SALES, 2016–2018 ($MILLION)
FIGURE 45.BMW: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 46.BMW: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 47.BYD: NET SALES, 2016–2018 ($MILLION)
FIGURE 48.BYD: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 49.BYD: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 50.DAIMLER: NET SALES, 2016–2018 ($MILLION)
FIGURE 51.DAIMLER: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 52.DAIMLER: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 53.ENERGICA: NET SALES, 2016–2018 ($MILLION)
FIGURE 54.ENERGICA: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 55.FORD: NET SALES, 2016–2018 ($MILLION)
FIGURE 56.FORD: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 57.FORD: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 58.GM: NET SALES, 2016–2018 ($MILLION)
FIGURE 59.GM: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 60.GM: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 61.NISSAN: NET SALES, 2016–2018 ($MILLION)
FIGURE 62.NISSAN: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 63.NISSAN: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 64.TESLA: NET SALES, 2016–2018 ($MILLION)
FIGURE 65.TESLA: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 66.TESLA: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 67.TOYOTA: NET SALES, 2015–2017 ($MILLION)
FIGURE 68.TOYOTA: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 69.TOYOTA: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 70.VOLKSWAGEN: NET SALES, 2016–2018 ($MILLION)
FIGURE 71.VOLKSWAGEN: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 72.VOLKSWAGEN: REVENUE SHARE BY REGION, 2018 (%)

 
 

Electric vehicles are promising technologies with respect to the reduction of global vehicular emission. 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.

At present, electric vehicles are being used worldwide in all segments of vehicles, owing to the growing demand for fuel-efficient technologies in automobiles, and stringent vehicular emission laws & regulations imposed by various transport authorities. In addition, various lightweight and more fuel-efficient electric vehicles are available in two-wheelers and passenger cars provided by the key players such as, Toyota Motor Corporation, Volkswagen AG, General Motors, Daimler AG and others.

Factors such as increase in demand for fuel-efficient, high-performance, & low-emission vehicles along with stringent government rules and regulations towards vehicle emission supplements the growth of the electric vehicle market. Moreover, factors such as high manufacturing cost and low fuel economy and serviceability are the factors which are expected to hamper the growth of electric vehicle market. However, factors such as technological advancements and proactive government initiatives supplements the growth of electric vehicle market during the forecast period.

Among the analyzed regions,Asia-Pacific is the highest revenuecontributorfollowed byEurope,North America, and LAMEA. Based on the forecast, North America is expected to maintain the lead during the forecast period owing to an increased CAGR as compared to other regions.
 

 
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A. COVID-19 has created a short term disruption and long term structural changes due to which the electric vehicle industry is experiencing a sluggish growth followed by the increased demand for self-owned vehicles. Due to COVID-19 pandemic, the overall sales of electric vehicles has increased and has attained a market share of 2.6% of the global car market.

A. Based on type of electric vehicles, in 2019, the hybrid electric vehicle holds approximately 45% to 48% of the market share for electric vehicle market.

A. The sample for electric vehicle market report can be obtained on demand from the website. Also, the 24*7 chat support and direct call services are provided to procure the sample report

A. The value chain for electric vehicle market includes Original equipment manufacturers (OEMs), Tier 1 manufacturers, Tier 2 manufacturers and Tier 3 manufacturers. All the producers manufacturing component for electric vehicles, the tier 1 players, and OEM would be the direct customers. Whereas, in case of independent aftermarket the retailers and distributers would be the direct customers whereas, the consumer would be the secondary customers

A. The leading players in electric vehcile market includes Tesla Inc., Toyota Motor Corporation, Volkswagen, and BMW AG. These players adopted different strategies so as to hold major market share in the electric vehicle market.

A. The company profiles of the top market players of electric vehicle industry can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the electric vehicle industry as well as their last three-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated. The company profiles of the top market players of electric vehicle industry can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the electric vehicle industry as well as their last three-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated.

A. Based on the electric vehicle market analysis, Asia-Pacific accounts to be highest revenue contributor in 2019 and provides more business opportunities during the forecast period whereas North America is expected to see a lucrative growth during the forecast period which is also expected to provide more business opportunities for electric vehicle in near future.

A. The service providers in the global electric vehicle industry are the different vehicle manufacturers who are developing better and advanced electric vehicles which are equipped with better and efficient system thus propelling the growth of the global market.

A. The new competitive developments in electric vehice market includes numerous developments carried out by top electric vehicle manufacturers such as Tesla, BYD Company, Daimler AG and others.

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