Electric Vehicle Market Size, Share & Analysis
Electric Vehicle Market by Vehicle Type, Propulsion, Vehicle Connectivity, Component, End Use, P-EV market by EV Architecture, Top Speed, Drive Type, Body Type, H-EV market by Configuration, MHEV market by Topology, and Region - Global Forecast 2035
USD 1189.59 BN
MARKET SIZE, 2035
CAGR 5.5%
(2025-2035)
400
REPORT PAGES
250
MARKET TABLES
OVERVIEW
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
The plug-in electric vehicle market is predicted to grow from USD 698.63 billion in 2025 to USD 1,189.59 billion in 2035 at a CAGR of 5.5%. The hybrid electric vehicle market (HEV+MHEV) is set to grow from USD 446.87 billion in 2025 to USD 667.75 billion in 2035 at a CAGR of 4.1%. EVs are vehicles powered fully or partially by electric motors using energy stored in rechargeable batteries, offering lower emissions and higher energy efficiency compared with internal combustion engine vehicles. Market growth is driven by rising demand in electric passenger cars and commercial vehicles, amid supportive government policies, stricter emission regulations, and significant investments in charging infrastructure and advanced battery technologies.
KEY TAKEAWAYS
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BY VEHICLE TYPEPassenger cars are estimated to account for the largest market share, driven by strong demand for personal mobility and premium EV offerings. Commercial vehicles also show steady growth due to the electrification of last-mile delivery and fleet operations.
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BY PROPULSIONBattery electric vehicles (BEVs) are set to dominate the market, accounting for the largest share, supported by improving battery technologies, lower operational costs, and supportive government policies. Plug-in hybrid electric vehicles (PHEVs) and hybrid electric vehicles (HEVs) are growing steadily but remain secondary.
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BY ELECTRIC ARCHITECTURE400V architectures are pegged to form the largest segment due to established infrastructure and lower vehicle costs. However, 800V architectures are growing rapidly, enabling faster charging, improved efficiency, and higher performance in premium EVs.
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BY VEHICLE BODY TYPESUVs and MPVs are projected to be the fastest-growing segments, driven by consumer preference for larger, versatile vehicles offering higher ground clearance, cabin space, and safety features. Sedans and hatchbacks remain significant but grow at a slower pace.
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BY REGIONAsia Pacific is estimated to lead the market with more than 40% share, supported by a strong manufacturing base, early adoption in China, Japan, and South Korea, and favorable government incentives. North America and Europe show steady growth driven by policy mandates and consumer interest in EVs. Faster growth is anticipated in emerging markets such as Latin America, the Middle East, and Southeast Asia.
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COMPETITIVE LANDSCAPEBYD leads the global EV market, followed by Tesla. Key players, such as BYD, Tesla, Geely, Volkswagen, and GM, are launching new models, entering different regional markets, forming partnerships, and collaborating with battery manufacturers to secure supply chains and strengthen technological capabilities. Other companies focus on expanding production, improving vehicle range, and enhancing charging infrastructure.
The electric vehicle market is projected to grow rapidly over the next decade, supported by advancements in battery technologies and power electronics. Automakers are increasingly adopting EVs for their low-emission, energy-efficient, and high-performance motors and battery packs, making them valuable in passenger cars and commercial vehicles. Growing emphasis on sustainable mobility, stricter emission regulations, and supportive government policies further strengthen EV adoption, setting the foundation for widespread market growth across global automotive sectors.
TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS
The past revenue mix was dominated by ICE vehicles, with EVs contributing only a small portion, indicating emerging opportunities. The future mix shows a major shift toward EVs, with ICE share significantly reduced. Advancements in battery efficiency, power electronics, and autonomous driving are driving EV growth, enabling new products and services such as battery swapping and ultra-fast charging. Improved infrastructure and battery technology increase charging speed and vehicle range.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
MARKET DYNAMICS
Drivers
Impact
Level
Level
-
Policy support for EV adoption
-
Zero tailpipe and vehicle lifecycle emissions
RESTRAINTS
Impact
Level
Level
-
High initial purchase price
-
Capital-intensive charging infrastructure deployment
OPPORTUNITIES
Impact
Level
Level
-
Fleet electrification and commercial deployment
-
Expansion of Charging-as-a-Service (CaaS) business model
CHALLENGES
Impact
Level
Level
-
Extended charging duration constraints
-
Fragmented charging standards and infrastructure
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Driver: Policy support for EV adoption
Governments worldwide are promoting EVs to meet 2035 emission targets through subsidies, tax exemptions, and fast-charging networks. Europe, the US, China, and Canada are driving sales with incentives and infrastructure, while strict CO2 norms and ongoing support are expected to sustain market growth.
Restraint: High initial purchase price
High upfront EV costs, driven by expensive batteries, remain a barrier for many consumers despite lower operational costs. Incentives help, but often cannot match ICE affordability. Financing challenges and uncertain resale values keep EVs concentrated among wealthier and early adopter segments.
Opportunity: Fleet electrification and commercial deployment
Fleet and commercial EV adoption is rising, with companies like Lyft, MG, and Mullen Automotive scaling deployments. Government targets and initiatives like EV100 are encouraging fleet electrification, boosting demand for electric commercial vehicles and supporting infrastructure development.
Challenge: Fragmented charging standards and infrastructure
Varying AC/DC voltages and multiple standards (CHAdeMO, CCS, GB/T, Tesla) increase installation costs and limit interoperability. The lack of global standardization increases installation costs and limits interoperability for consumers. Governments are working on standardization, but differing standards continue to hinder broader EV adoption.
Electric Vehicle Market: COMMERCIAL USE CASES ACROSS INDUSTRIES
| COMPANY | USE CASE DESCRIPTION | BENEFITS |
|---|---|---|
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Blade battery technology in passenger cars and electric buses | Enhanced safety, longer battery life, improved energy density, reduced thermal management issues |
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Electrified pickup trucks and SUVs for fleet and consumer use | High torque for off-road performance, extended driving range, fast charging capability |
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Electric commercial trucks with integrated telematics and battery management systems | Optimized energy use, reduced operational costs, improved route planning and fleet efficiency |
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET ECOSYSTEM
The ecosystem analysis highlights various players in the electric vehicle market ecosystem, which is primarily represented by OEMs, Tier 1 integrators/suppliers, and EV charging providers. Some of the major EV manufacturers include Tesla, Volkswagen AG, SAIC Motor, BYD, and Geely-Volvo. Top EV charging providers include companies such as ABB, Shell, and ChargePoint, among others. Tier I suppliers include companies such as Denso, Magna, ZF, Delphi, Bosch, and Continental AG, among others.
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET SEGMENTS
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Electric Vehicle Market, by Vehicle Type
Passenger cars are estimated to account for the largest EV market share, driven by strong consumer demand, diverse models, charging availability, high production volumes, and advances in batteries and powertrains. Growth is further supported by government incentives and expanding urban EV adoption.
Electric Vehicle Market, by Propulsion
HEVs are set to be th fastest growin markt, as they lower fuel use and emissions without relying on charging networks. Their smaller batteries keep costs in check and enable faster scaling through existing production lines. For consumers, they offer better efficiency while retaining the ease of ICE ownership.
Plug-In Electric Vehicle Market, by Electric Architecture
The 400V architecture is projected to dominate, favored for compatibility with existing charging networks, lower costs, and proven reliability in mass-market cars and commercial vehicles. Its wide adoption ensures steady production scaling and supplier alignment.
Hybrid-Electric Vehicle Market, by Configuration Type
Parallel hybrid configurations are estimated to lead, valued for cost-effectiveness, efficiency, simple integration, and balanced performance for passenger cars and commercial vehicles. Their flexibility makes them suitable for both mid-range and premium models globally.
REGION
Asia Pacific to be the largest region in global electric vehicle market during forecast period
The Asia Pacific region is projected to be the largest market for EVs over the forecast period. Strong government support, extensive manufacturing capabilities, and high consumer adoption in countries such as China, Japan, and South Korea are driving market growth. Expanding charging infrastructure, favorable policies, and increasing investments in battery technologies further reinforce the region’s leading position in the global EV market.
Electric Vehicle Market: COMPANY EVALUATION MATRIX
In the electric vehicle market matrix, BYD Company Ltd. (Star) leads with a strong market presence and diverse product lineup, driving large-scale adoption in passenger cars and commercial vehicles. Changan Automobile (Emerging Leader) is gaining momentum with new EV models and strategic partnerships in urban mobility and fleet solutions. While BYD dominates with scale and infrastructure, Changan shows strong growth potential to advance toward the leaders’ quadrant.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
KEY MARKET PLAYERS
MARKET SCOPE
| REPORT METRIC | DETAILS |
|---|---|
| Market Size, 2025 (Value) | USD 698.63 Billion (Plug-In) |
| Market Forecast, 2035 (Value) | USD 1,189.59 Billion (Plug-In) |
| Growth Rate | CAGR of 5.5% from 2025 to 2035 (Plug-In) |
| Years Considered | 2021–2035 |
| Base Year | 2024 |
| Forecast Period | 2025–2035 |
| Units Considered | Volume (Thousand Units), Value (USD Million) |
| Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments Covered |
|
| Regional Scope | Asia Pacific, Southeast Asia, Europe, North America, Latin America, Middle East, Africa |
WHAT IS IN IT FOR YOU: Electric Vehicle Market REPORT CONTENT GUIDE
DELIVERED CUSTOMIZATIONS
We have successfully delivered the following deep-dive customizations:
| CLIENT REQUEST | CUSTOMIZATION DELIVERED | VALUE ADDS |
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| EV Manufacturer expanding in Latin America |
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| EV Manufacturer in Indonesia gauging SEA market potential |
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| Tier-1 Auto Component Provider planning for EV shift |
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| OEM planning GTM strategy for new EV market |
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| Tier-1 Auto Component Provider assessing North American EV demand |
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| Battery Supplier entering the EV market |
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| Fleet Operator planning EV transition |
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RECENT DEVELOPMENTS
- August 2025 : Volkswagen introduced a subscription-based power upgrade for UK customers of its ID.3 electric vehicle range. This feature allowed drivers to unlock the full engine output at around USD 22 per month, USD 220 annually, or USD 860 for a lifetime activation linked to the vehicle.
- August 2025 : General Motors announced that it will temporarily import electric vehicle batteries from Chinese supplier CATL to support production of its affordable EV models, including the upcoming Chevrolet Bolt with LFP chemistry. GM sells various EVs in the US with locally produced cells and plans to localize LFP battery production in 2027.
- July 2025 : Tesla signed a USD 4.3 billion deal with LG Energy Solution to supply lithium iron phosphate (LFP) batteries from August 2027 to July 2030 for its energy storage systems, including Megapack, avoiding reliance on Chinese suppliers by utilizing LG’s Michigan factory.
- July 2025 : Geely launched the updated Galaxy E5 on July 24, 2025, with price dropped to RMB 109,800 (~USD 15,340), enhanced CLTC range up to 610 km (from 530 km), available in five trims with 60.22 kWh (530 km) and 68.39 kWh (610 km) battery options.
- June 2025 : BYD signed a strategic agreement with Austrian steelmaker voestalpine to supply high-quality sheet steel for its new passenger car factory in Szeged, Hungary. The facility is set to begin vehicle manufacturing by the end of 2025.
Table of Contents
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TITLE
PAGE NO
1
INTRODUCTION
35
2
RESEARCH METHODOLOGY
46
3
EXECUTIVE SUMMARY
62
4
PREMIUM INSIGHTS
65
5
MARKET OVERVIEW
Electric vehicle market surges with policy boosts, battery innovations, and charging infrastructure investments.
70
5.1
INTRODUCTION
5.2
MARKET DYNAMICS
5.2.1
DRIVERS
5.2.1.1
Policy support for electric vehicle adoption
5.2.1.2
Reduced operating and maintenance costs
5.2.1.3
Next-generation battery innovations
5.2.1.4
Zero tailpipe and vehicle lifecycle emissions
5.2.1.5
Declining costs of EV batteries
5.2.2
RESTRAINTS
5.2.2.1
High initial purchase price
5.2.2.2
Capital-intensive charging infrastructure deployment
5.2.2.3
Battery durability and lifecycle management
5.2.2.4
Geopolitical instability and supply chain disruptions
5.2.3
OPPORTUNITIES
5.2.3.1
Accelerated investment in charging infrastructure
5.2.3.2
Innovation in wireless and on-the-move charging
5.2.3.3
Fleet electrification and commercial deployment
5.2.3.4
Expansion of Charging-as-a-Service (CaaS) business model
5.2.3.5
Integration of bidirectional charging and smart parking
5.2.4
CHALLENGES
5.2.4.1
Extended charging duration constraints
5.2.4.2
Fragmented charging standards and infrastructure
6
INDUSTRY TRENDS
Navigate regulatory shifts and tech innovations shaping the future of electric vehicles globally.
92
6.1
REGULATORY LANDSCAPE
6.1.1
REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.1.2
ELECTRIC VEHICLE INCENTIVES, BY KEY COUNTRIES
6.1.2.1
Netherlands
6.1.2.2
Germany
6.1.2.3
France
6.1.2.4
UK
6.1.2.5
China
6.1.2.6
US
6.1.2.7
Austria
6.1.3
INDUSTRY STANDARDS
6.2
SUSTAINABILITY INITIATIVES
6.2.1
CARBON IMPACT AND ECO-APPLICATIONS OF ELECTRIC VEHICLES
6.2.1.1
Carbon impact reduction
6.3
CERTIFICATIONS, LABELING, AND ECO-STANDARDS
6.4
TECHNOLOGY ANALYSIS
6.4.1
KEY EMERGING TECHNOLOGIES
6.4.1.1
Introduction
6.4.1.2
SiC/GaN for power electronics
6.4.1.3
Sodium-ion batteries
6.4.1.4
E-axles and integrated drive units
6.4.1.5
V2X charging
6.4.1.6
V2L
6.4.1.7
Solid-state batteries
6.4.2
COMPLEMENTARY TECHNOLOGIES
6.4.2.1
Battery recycling and 2nd life batteries
6.4.2.2
Internet of Things in electric vehicles
6.4.2.3
Lightweight materials for electric vehicles
6.4.3
ADJACENT TECHNOLOGIES
6.4.3.1
Smart grids and microgrids
6.4.3.2
Energy storage systems (ESS) for grid balancing
6.5
TECHNOLOGY/PRODUCT ROADMAP
6.6
PATENT ANALYSIS
6.6.1
INTRODUCTION
6.6.2
METHODOLOGY
6.6.3
DOCUMENT TYPE
6.6.4
INSIGHTS
6.6.5
LEGAL STATUS OF PATENTS
6.6.6
JURISDICTION ANALYSIS
6.6.7
TOP APPLICANTS
6.6.8
LIST OF PATENTS
6.7
FUTURE APPLICATIONS
6.8
IMPACT OF AI/GEN AI ON ELECTRIC VEHICLE MARKET
6.8.1
TOP IN-VEHICLE USE CASES AND MARKET POTENTIAL
6.8.2
TOP MANUFACTURING USE CASES AND MARKET POTENTIAL
6.8.3
BEST PRACTICES IN ELECTRIC VEHICLE DEVELOPMENT
6.8.4
CASE STUDIES OF AI IMPLEMENTATION IN MARKET
6.8.5
INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS
6.8.6
CLIENTS’ READINESS TO ADOPT GENERATIVE AI IN MARKET
6.9
SUCCESS STORIES AND REAL-WORLD APPLICATIONS
6.9.1
RIVIAN: AI FOR PREDICTIVE MAINTENANCE
6.9.2
BMW GROUP: GEN AI IN PURCHASING AND DIGITAL EXPERIENCE
6.9.3
VOLKSWAGEN GROUP: GEN AI AND CONNECTED VEHICLE ECOSYSTEMS
6.10
DECISION-MAKING PROCESS FOR INVESTMENT IN EV MARKET
6.11
KEY STAKEHOLDERS AND BUYING CRITERIA
6.11.1
KEY STAKEHOLDERS IN BUYING PROCESS
6.11.2
BUYING CRITERIA
6.12
ADOPTION BARRIERS & INTERNAL CHALLENGES
6.13
ECOSYSTEM ANALYSIS
6.13.1
ELECTRIC VEHICLE CHARGING PROVIDERS
6.13.2
ENERGY UTILITY COMPANIES
6.13.3
SOFTWARE PROVIDERS
6.13.4
BATTERY MANUFACTURERS
6.13.5
COMPONENT MANUFACTURERS
6.13.6
OEMS
6.13.7
END USERS
6.13.7.1
Mobility service providers
6.13.7.2
EV fleet operators
6.14
SUPPLY CHAIN ANALYSIS
6.15
PRICING ANALYSIS
6.15.1
INDICATIVE SELLING PRICE, BY KEY BATTERY ELECTRIC VEHICLE MODELS, 2024
6.15.2
AVERAGE SELLING PRICE, BY PROPULSION, 2022–2024
6.15.3
AVERAGE SELLING PRICE, BY REGION, 2022–2024
6.16
TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6.17
INVESTMENT AND FUNDING SCENARIO
6.18
FUNDING BY USE CASE APPLICATION
6.19
KEY CONFERENCES AND EVENTS, 2025–2026
6.20
TRADE ANALYSIS
6.20.1
IMPORT SCENARIO (HS CODE 870380)
6.20.2
EXPORT SCENARIO (HS CODE 870380)
6.21
CASE STUDY ANALYSIS
6.21.1
ELECTRIC VEHICLE FLEETS FOR PUBLIC SECTOR IN VERMONT, US
6.21.2
FRITO-LAY LOGISTICS FLEET ELECTRIFICATION
6.21.3
NAIROBI’S ELECTRIC TAXI FLEET
6.21.4
NOPIARIDE DC FAST CHARGING HUBS IN KENYA
6.22
EXISTING AND UPCOMING ELECTRIC VEHICLE MODELS, 2024–2026
6.23
TOTAL COST OF OWNERSHIP
6.24
BILL OF MATERIALS ANALYSIS
6.25
OEM ELECTROMOBILITY PROGRESS
6.25.1
OEM TARGETS AND INVESTMENTS
6.25.2
REGIONAL PLUG-IN ELECTRIC VEHICLE OEM ANALYSIS
6.25.2.1
Asia Pacific
6.25.2.2
Southeast Asia
6.25.2.3
Europe
6.25.2.4
Latin America
6.25.2.5
North America
7
MARKET, BY PROPULSION
Market Size & Growth Rate Forecast Analysis to 2035 in USD Billion and Units | 25 Data Tables
163
7.1
INTRODUCTION
7.2
BEST-SELLING ELECTRIC VEHICLE MODELS, 2024
7.3
BATTERY ELECTRIC VEHICLE (BEV)
7.3.1
SHIFT TO ZERO TAILPIPE EMISSION TRANSPORT & GOVERNMENT SUPPORT TO DRIVE MARKET
7.4
FUEL CELL ELECTRIC VEHICLE (FCEV)
7.4.1
OEM PLANS TO REDUCE INVESTMENTS TO H2 VEHICLES AND RECENT H2 REFUELING STATION SHUTDOWNS TO REDUCE DEMAND
7.5
PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV)
7.5.1
REDUCED FUEL CONSUMPTION AND EMISSIONS TO DRIVE MARKET
7.6
HYBRID ELECTRIC VEHICLE (HEV)
7.6.1
INCREASED VEHICLE MILEAGE WITH DUAL PROPULSION TO DRIVE MARKET
7.7
MILD HYBRID ELECTRIC VEHICLE (MHEV)
7.7.1
LOW-COST ELECTRIFICATION OPTION TO DRIVE MARKET
7.8
PRIMARY INSIGHTS
8
MARKET, BY VEHICLE TYPE
Market Size & Growth Rate Forecast Analysis to 2035 in USD Billion and Units | 15 Data Tables
179
8.1
INTRODUCTION
8.2
BEST-SELLING ELECTRIC PASSENGER CARS, 2024
8.3
PASSENGER CAR
8.3.1
SUPPORTIVE GOVERNMENT REGULATIONS AND SUBSIDIES TO DRIVE MARKET
8.4
COMMERCIAL VEHICLE
8.4.1
GROWING FLEET ELECTRIFICATION TO DRIVE MARKET
8.5
KEY PRIMARY INSIGHTS
9
ELECTRIC VEHICLE MARKET, BY COMPONENT
| 6 Data Tables
189
9.1
INTRODUCTION
9.2
BATTERY CELLS AND PACKS
9.3
ON-BOARD CHARGERS
9.4
MOTORS
9.5
POWER CONTROL UNITS
9.6
BATTERY MANAGEMENT SYSTEMS
9.7
FUEL CELL STACKS
9.8
FUEL PROCESSORS
9.9
POWER CONDITIONERS
9.10
AIR COMPRESSORS
9.11
HUMIDIFIERS
10
MARKET, BY END USE
| 3 Data Tables
202
10.1
INTRODUCTION
10.2
OPERATIONAL DATA
10.3
PRIVATE
10.4
COMMERCIAL FLEET
11
MARKET, BY VEHICLE CONNECTIVITY
Market Size & Growth Rate Forecast Analysis
205
11.1
INTRODUCTION
11.2
VEHICLE-TO-BUILDING (V2B)/VEHICLE TO INFRASTRUCTURE (V2I)
11.3
VEHICLE-TO-GRID (V2G)
11.4
VEHICLE-TO-VEHICLE (V2V)
12
HYBRID ELECTRIC VEHICLE MARKET, BY CONFIGURATION TYPE
Market Size & Growth Rate Forecast Analysis to 2035 in Units | 8 Data Tables
209
12.1
INTRODUCTION
12.2
SERIES
12.2.1
RISING DEMAND FOR LOW-EMISSION URBAN TRANSPORT AND DELIVERY FLEETS TO DRIVE MARKET
12.3
PARALLEL
12.3.1
LOWER PRODUCTION COSTS AND HIGH EFFICIENCY DURING HIGHWAY CRUISING TO DRIVE MARKET
12.4
SERIES-PARALLEL
12.4.1
FLEXIBLE OPERATION THAT SWITCHES POWER MODES TO OPTIMIZE FUEL SAVINGS AND PERFORMANCE TO DRIVE MARKET
12.5
PRIMARY INSIGHTS
13
MILD HYBRID EV MARKET, BY TOPOLOGY
Market Size & Growth Rate Forecast Analysis
217
13.1
INTRODUCTION
13.2
P0–BELT INTEGRATION
13.3
P1 – BETWEEN ENGINE AND TRANSMISSION
13.4
P2 – TRANSMISSION-SIDE INTEGRATION (BELT-CONNECTED)
13.5
P3 – TRANSMISSION-SIDE INTEGRATION (SHAFT-CONNECTED)
13.6
P4 – REAR AXLE INTEGRATION
14
PLUG-IN EV MARKET, BY ELECTRIC ARCHITECTURE
Market Size & Growth Rate Forecast Analysis to 2035 in Units | 9 Data Tables
221
14.1
INTRODUCTION
14.2
VEHICLE MODELS, BY ELECTRIC ARCHITECTURE
14.3
400V
14.3.1
COST-EFFECTIVENESS OF 400V ARCHITECTURE TO DRIVE MARKET
14.4
800V
14.4.1
RISING DEMAND FOR 350+ KW RAPID CHARGING TO DRIVE MARKET IN LUXURY ELECTRIC VEHICLE SEGMENT
14.5
PRIMARY INSIGHTS
15
PLUG-IN EV MARKET, BY VEHICLE BODY TYPE
Market Size & Growth Rate Forecast Analysis to 2035 in Units | 8 Data Tables
229
15.1
INTRODUCTION
15.2
SUV/MPV
15.2.1
CONSUMER DEMAND FOR SPACIOUS, VERSATILE VEHICLES WITH LARGE CARGO AREA TO DRIVE MARKET
15.3
SEDAN
15.3.1
BALANCE OF EFFICIENCY, COMFORT, AND PERFORMANCE FOR URBAN AND LONG-DISTANCE COMMUTING TO DRIVE DEMAND
15.4
HATCHBACK
15.4.1
AFFORDABILITY, COMPACT SIZE, AND HIGH ENERGY EFFICIENCY TO DRIVE MARKET
15.5
PRIMARY INSIGHTS
16
PLUG-IN EV MARKET, BY VEHICLE DRIVE TYPE
Market Size & Growth Rate Forecast Analysis to 2035 in Units | 9 Data Tables
236
16.1
INTRODUCTION
16.2
POPULAR ELECTRIC VEHICLE MODELS, BY DRIVE TYPE
16.3
FRONT-WHEEL DRIVE (FWD)
16.3.1
LOWER PRODUCTION AND MAINTENANCE COSTS TO DRIVE MARKET
16.4
REAR-WHEEL DRIVE (RWD)
16.4.1
ENHANCED WEIGHT DISTRIBUTION IMPROVES VEHICLE BALANCE, ATTRACTING PERFORMANCE-FOCUSED CONSUMERS
16.5
ALL WHEEL DRIVE (AWD)
16.5.1
MULTI-MOTOR CONFIGURATIONS ENABLING RAPID ACCELERATION AND HIGH-SPEED CAPABILITIES TO DRIVE MARKET
16.6
PRIMARY INSIGHTS
17
PLUG-IN ELECTRIC VEHICLE MARKET, BY VEHICLE TOP SPEED
Market Size & Growth Rate Forecast Analysis to 2035 in Units | 7 Data Tables
244
17.1
INTRODUCTION
17.2
ACCELERATION AND TOP SPEED BENCHMARKING OF KEY EV MODELS
17.3
<110 MPH
17.3.1
URBAN COMMUTING AND INCREASED USE OF ELECTRIC VEHICLES IN DELIVERY FLEETS TO DRIVE MARKET
17.4
>110 MPH
17.4.1
RISING DEMAND FOR LUXURY AND HIGH-PERFORMANCE ELECTRIC VEHICLES TO DRIVE MARKET
17.5
PRIMARY INSIGHTS
18
ELECTRIC VEHICLE MARKET, BY REGION
Market Size & Growth Rate Forecast Analysis to 2035 in USD Billion and Units | 94 Data Tables
250
18.1
INTRODUCTION
18.2
ASIA PACIFIC
18.2.1
MACROECONOMIC OUTLOOK
18.2.2
CHINA
18.2.2.1
Dominant domestic EV supply chain to drive market
18.2.3
INDIA
18.2.3.1
Domestic OEM push for EV innovation and localized manufacturing to drive market
18.2.4
JAPAN
18.2.4.1
Growing preference for dual-propulsion vehicles to drive market
18.2.5
SOUTH KOREA
18.2.5.1
Government incentives and OEM EV targets to drive market
18.3
SOUTHEAST ASIA
18.3.1
MACROECONOMIC OUTLOOK
18.3.2
THAILAND
18.3.2.1
Government plans for 30% EVs by 2030 and growing presence of Chinese budget EVs to drive market
18.3.3
INDONESIA
18.3.3.1
Government support for domestic EV manufacturing to drive demand
18.3.4
MALAYSIA
18.3.4.1
National Green Technology Policy to drive market
18.3.5
VIETNAM
18.3.5.1
Strong government support and growing demand for Vinfast to drive market
18.3.6
SINGAPORE
18.3.6.1
Surge in electric fleets to drive market
18.3.7
PHILIPPINES
18.3.7.1
Urbanization and financing trends to drive market
18.3.8
AUSTRALIA
18.3.8.1
Government support and setting of charging stations to drive demand
18.4
NORTH AMERICA
18.4.1
MACROECONOMIC OUTLOOK
18.4.2
US
18.4.2.1
Support for local manufacturing of EVs to drive market
18.4.3
CANADA
18.4.3.1
Government support for clean transportation and zero tailpipe emissions to drive market
18.4.4
MEXICO
18.4.4.1
Growing setup of Chinese EVs to drive market
18.5
EUROPE
18.5.1
MACROECONOMIC OUTLOOK
18.5.2
GERMANY
18.5.2.1
Strong domestic OEM investment in vehicle electrification to drive market
18.5.3
FRANCE
18.5.3.1
Government subsidies and strong domestic OEM EV offerings to drive market
18.5.4
NETHERLANDS
18.5.4.1
Government incentives and presence of dense supporting infrastructure to drive market
18.5.5
NORWAY
18.5.5.1
High rate of EV adoption and government policy leadership to drive market
18.5.6
SWEDEN
18.5.6.1
Strong government focus for sustainability, tax benefits, and business incentives to drive market
18.5.7
UK
18.5.7.1
ZEV mandates and growing rate of fleet electrification to drive market
18.5.8
DENMARK
18.5.8.1
Tax breaks on EV registrations and substantial investments in public and private charging infrastructure to drive market
18.5.9
AUSTRIA
18.5.9.1
Significant private investment in charging infrastructure and strong government subsidies to drive market
18.5.10
SWITZERLAND
18.5.10.1
High environmental awareness and expanding government incentives to drive market
18.5.11
SPAIN
18.5.11.1
Government incentives and strong infrastructure investments to drive market
18.5.12
RUSSIA
18.5.12.1
Chinese OEM influx to drive market
18.5.13
ITALY
18.5.13.1
Government support through incentives and presence of diverse plug-in and hybrid electric vehicle models to drive market
18.6
MIDDLE EAST
18.6.1
MACROECONOMIC OUTLOOK
18.6.2
UAE
18.6.2.1
Policy incentives and growing EV support infrastructure to drive market
18.6.3
SAUDI ARABIA
18.6.3.1
Government targets and support for localized manufacturing to drive market
18.6.4
ISRAEL
18.6.4.1
Strong incentives and rapid new-tech adoption to drive market
18.7
LATIN AMERICA
18.7.1
MACROECONOMIC OUTLOOK
18.7.2
BRAZIL
18.7.2.1
Government support for Chinese EV manufacturer setup to drive market
18.7.3
COLOMBIA
18.7.3.1
Increased focus on fleet electrification to drive demand
18.7.4
CHILE
18.7.4.1
Government support for infrastructure development to drive market
18.7.5
URUGUAY
18.7.5.1
Aggressive subsidies and supportive policies to drive market
18.7.6
COSTA RICA
18.7.6.1
Government support for EV adoption to drive market
18.8
AFRICA
18.8.1
MACROECONOMIC OUTLOOK
18.8.2
MOROCCO
18.8.2.1
Strong tax breaks and focus on domestic EV manufacturing to drive market
18.8.3
EGYPT
18.8.3.1
Rising urbanization and increase in localized EV assembly to drive market
18.8.4
SOUTH AFRICA
18.8.4.1
Government incentives and domestic automotive sector transition to drive market
19
COMPETITIVE LANDSCAPE
Discover strategic insights and market dominance trends in the evolving electric vehicle landscape.
335
19.1
INTRODUCTION
19.2
KEY PLAYER STRATEGIES/RIGHT TO WIN, JANUARY 2021–JULY 2025
19.3
MARKET SHARE ANALYSIS, 2024
19.3.1
PLUG-IN EV MARKET SHARE ANALYSIS, 2024
19.3.2
HYBRID ELECTRIC AND MILD HYBRID VEHICLE MARKET SHARE ANALYSIS, 2024
19.3.3
REGIONAL-LEVEL EV MARKET SHARE ANALYSIS
19.3.3.1
Asia Pacific
19.3.3.2
Southeast Asia
19.3.3.3
Europe
19.3.3.4
North America
19.3.3.5
Latin America
19.4
REVENUE ANALYSIS, 2020–2024
19.5
COMPANY VALUATION AND FINANCIAL METRICS
19.6
BRAND/PRODUCT COMPARISON
19.7
COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
19.7.1
STARS
19.7.2
EMERGING LEADERS
19.7.3
PERVASIVE PLAYERS
19.7.4
PARTICIPANTS
19.7.5
COMPANY FOOTPRINT
19.7.5.1
Company footprint
19.7.5.2
Region footprint
19.7.5.3
Top speed footprint
19.7.5.4
Vehicle drive type footprint
19.7.5.5
Propulsion footprint
19.7.5.6
Vehicle body type footprint
19.8
COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
19.8.1
PROGRESSIVE COMPANIES
19.8.2
RESPONSIVE COMPANIES
19.8.3
DYNAMIC COMPANIES
19.8.4
STARTING BLOCKS
19.8.5
COMPETITIVE BENCHMARKING
19.8.5.1
List of startups/SMEs
19.8.5.2
Competitive benchmarking of startups/SMEs
19.9
COMPETITIVE SCENARIO
19.9.1
PRODUCT LAUNCHES
19.9.2
DEALS
19.9.3
EXPANSIONS
19.9.4
OTHER DEVELOPMENTS
20
COMPANY PROFILES
In-depth Company Profiles of Leading Market Players with detailed Business Overview, Product and Service Portfolio, Recent Developments, and Unique Analyst Perspective (MnM View)
362
20.1
KEY PLAYERS
20.1.1
BYD COMPANY LTD.
20.1.1.1
Business overview
20.1.1.2
Products/Solutions offered
20.1.1.3
Recent developments
20.1.1.4
MnM view
20.1.2
TESLA
20.1.3
ZHEJIANG GEELY HOLDING GROUP
20.1.4
VOLKSWAGEN GROUP
20.1.5
GENERAL MOTORS
20.1.6
CHANGAN
20.1.7
BMW GROUP
20.1.8
LI AUTO INC.
20.1.9
HYUNDAI MOTOR GROUP
20.1.10
GAC GROUP
20.1.11
STELLANTIS NV
20.1.12
GREAT WALL MOTOR
20.2
OTHER KEY PLAYERS
20.2.1
TOYOTA MOTOR CORPORATION
20.2.2
RENAULT-NISSAN-MITSUBISHI
20.2.3
HONDA MOTOR CO., LTD.
20.2.4
MERCEDES-BENZ GROUP AG
20.2.5
FORD MOTOR COMPANY
20.2.6
CHERY
20.2.7
LEAPMOTOR INTERNATIONAL B.V.
20.2.8
SAIC MOTOR CORPORATION LIMITED
20.2.9
NIO
20.2.10
XIAOMI
20.2.11
RIVIAN
20.2.12
LUCID
20.2.13
DONGFENG MOTOR CORPORATION
20.2.14
FAW TRUCKS CO., LTD.
20.2.15
XPENG INC.
20.2.16
KG MOBILITY CORP.
20.2.17
NETA
20.2.18
MAZDA MOTOR CORPORATION
20.2.19
SUBARU CORPORATION
20.2.20
BAIC GROUP CO., LTD.
20.2.21
TATA MOTORS LIMITED
20.2.22
XIAOMI AUTO
21
RECOMMENDATIONS BY MARKETSANDMARKETS
Market Size & Growth Rate Forecast Analysis
477
21.1
SOUTHEAST ASIA TO OFFER LUCRATIVE OPPORTUNITIES
21.2
BATTERY ELECTRIC VEHICLES TO HOLD DOMINANT MARKET SHARE
21.3
800V ELECTRIC ARCHITECTURE TO ACCELERATE ADOPTION
21.4
EMERGING BUSINESS MODELS: BATTERY-AS-A-SERVICE AND CHARGING-AS-A-SERVICE
21.5
CONCLUSION
22
APPENDIX
479
22.1
DISCUSSION GUIDE
22.2
KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
22.3
CUSTOMIZATION OPTIONS
22.3.1
EV MARKET, BY BODY TYPE AT COUNTRY LEVEL (FOR COUNTRIES COVERED IN REPORT)
22.3.2
PROFILING OF ADDITIONAL MARKET PLAYERS (UP TO 5)
22.3.3
PROFILING OF ADDITIONAL COUNTRIES (UP TO 3)
22.4
RELATED REPORTS
22.5
AUTHOR DETAILS
LIST OF TABLES
TABLE 1
ELECTRIC VEHICLE MARKET DEFINITION, BY PROPULSION
TABLE 2
MARKET DEFINITION, BY VEHICLE TYPE
TABLE 3
PLUG-IN MARKET DEFINITION, BY VEHICLE DRIVE TYPE
TABLE 4
PLUG-IN EV MARKET DEFINITION, BY VEHICLE TOP SPEED
TABLE 5
MARKET DEFINITION, BY VEHICLE CONNECTIVITY
TABLE 6
MARKET DEFINITION, BY COMPONENT
TABLE 7
PLUG-IN EV MARKET DEFINITION, BY BODY TYPE
TABLE 8
MARKET DEFINITION, BY END USE
TABLE 9
PLUG-IN EV MARKET DEFINITION, BY ELECTRIC ARCHITECTURE
TABLE 10
HYBRID EV MARKET DEFINITION, BY CONFIGURATION TYPE
TABLE 11
MILD HYBRID EV MARKET DEFINITION, BY TOPOLOGY
TABLE 12
MARKET: INCLUSIONS AND EXCLUSIONS
TABLE 13
CURRENCY EXCHANGE RATES, 2019–2024
TABLE 14
COMPARISON TABLE OF CHARGING COSTS, BY COUNTRY
TABLE 15
INNOVATION IN BATTERIES BY KEY MANUFACTURERS
TABLE 16
NUMBER OF CHARGE POINT OPERATORS FOR ELECTRIC CARS, BY COUNTRY, 2024
TABLE 17
LIST OF ELECTRIC VEHICLES WITH AVERAGE RANGE
TABLE 18
CHARGING POINT OPERATORS
TABLE 19
ELECTRIC FLEET COMMITMENTS BY LEADING COMPANIES
TABLE 20
MARKET: IMPACT OF MARKET DYNAMICS
TABLE 21
NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 22
EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 23
ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 24
NETHERLANDS: ELECTRIC VEHICLE INCENTIVES
TABLE 25
NETHERLANDS: ELECTRIC VEHICLE CHARGING STATION INCENTIVES
TABLE 26
GERMANY: ELECTRIC VEHICLE INCENTIVES
TABLE 27
GERMANY: ELECTRIC VEHICLE CHARGING STATION INCENTIVES
TABLE 28
FRANCE: ELECTRIC VEHICLE INCENTIVES
TABLE 29
FRANCE: ELECTRIC VEHICLE CHARGING STATION INCENTIVES
TABLE 30
UK: ELECTRIC VEHICLE INCENTIVES
TABLE 31
UK: ELECTRIC VEHICLE CHARGING STATION INCENTIVES
TABLE 32
CHINA: ELECTRIC VEHICLE INCENTIVES
TABLE 33
CHINA: ELECTRIC VEHICLE CHARGING STATION INCENTIVES
TABLE 34
US: ELECTRIC VEHICLE INCENTIVES
TABLE 35
US: ELECTRIC VEHICLE CHARGING STATION INCENTIVES
TABLE 36
AUSTRIA: ELECTRIC VEHICLE INCENTIVES
TABLE 37
GLOBAL INDUSTRY STANDARDS IN MARKET
TABLE 38
CERTIFICATIONS, LABELING, AND ECO-STANDARDS IN MARKET
TABLE 39
COMPANY ANNOUNCEMENTS FOR SODIUM-ION BATTERY ROADMAP
TABLE 40
OEM TIE-UPS FOR INTEGRATED E-AXLE DEPLOYMENT
TABLE 41
LIST OF ELECTRIC VEHICLES WITH V2L
TABLE 42
RECENT DEVELOPMENTS IN SOLID-STATE BATTERIES
TABLE 43
OEM PLANS FOR BATTERY CIRCULARITY
TABLE 44
MARKET: TOTAL NUMBER OF PATENTS, JANUARY 2015–DECEMBER 2024
TABLE 45
IMPORTANT PATENT REGISTRATIONS RELATED TO MARKET
TABLE 46
COMMERCIALIZATION PLANS AND VALUE PROPOSITION FOR KEY ELECTRIC VEHICLE TECHNOLOGIES
TABLE 47
TOP USE CASES AND MARKET POTENTIAL
TABLE 48
TOP MANUFACTURING USE CASES AND MARKET POTENTIAL
TABLE 49
BEST PRACTICES: COMPANIES IMPLEMENTING USE CASES
TABLE 50
MARKET: CASE STUDIES RELATED TO GEN AI IMPLEMENTATION
TABLE 51
INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS
TABLE 52
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP VEHICLE TYPES (%)
TABLE 53
KEY BUYING CRITERIA FOR ELECTRIC VEHICLE, BY VEHICLE TYPE
TABLE 54
MARKET: ROLE OF COMPANIES IN ECOSYSTEM
TABLE 55
MARKET: INDICATIVE SELLING PRICE, BY KEY BATTERY ELECTRIC VEHICLE MODELS, 2024
TABLE 56
AVERAGE SELLING PRICE, BY PROPULSION, 2022–2024 (USD)
TABLE 57
AVERAGE SELLING PRICE TREND, BY REGION, 2022−2024 (USD)
TABLE 58
MARKET: KEY CONFERENCES AND EVENTS, 2025–2026
TABLE 59
IMPORT DATA FOR HS CODE 870380, BY COUNTRY, 2021-2024 (USD BILLION)
TABLE 60
EXPORT DATA FOR HS CODE 870380, BY COUNTRY, 2020-2024 (USD BILLION)
TABLE 61
EXISTING AND UPCOMING ELECTRIC VEHICLE MODELS, 2024–2026
TABLE 62
ANNUAL ELECTRIC COST VS. ANNUAL GAS COST (2024)
TABLE 63
MARKET: OEM TARGETS AND INVESTMENTS
TABLE 64
MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 65
MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 66
MARKET, BY PROPULSION, 2021–2024 (USD BILLION)
TABLE 67
MARKET, BY PROPULSION, 2025–2035 (USD BILLION)
TABLE 68
BEST-SELLING ELECTRIC VEHICLES IN 2024 (UNITS)
TABLE 69
BATTERY MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
TABLE 70
BATTERY EV MARKET, BY REGION, 2025–2035 (THOUSAND UNITS)
TABLE 71
BATTERY EV MARKET, BY REGION, 2021–2024 (USD BILLION)
TABLE 72
BATTERY EV MARKET, BY REGION, 2025–2035 (USD BILLION)
TABLE 73
FUEL CELL EV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
TABLE 74
FUEL CELL EV MARKET, BY REGION, 2025–2035 (THOUSAND UNITS)
TABLE 75
FUEL CELL EV MARKET, BY REGION, 2021–2024 (USD BILLION)
TABLE 76
FUEL CELL EV MARKET, BY REGION, 2025–2035 (USD BILLION)
TABLE 77
PLUG-IN HYBRID EV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
TABLE 78
PLUG-IN HYBRID EV MARKET, BY REGION, 2025–2035 (THOUSAND UNITS)
TABLE 79
PLUG-IN HYBRID EV MARKET, BY REGION, 2021–2024 (USD BILLION)
TABLE 80
PLUG-IN HYBRID EV MARKET, BY REGION, 2025–2035 (USD BILLION)
TABLE 81
HYBRID EV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
TABLE 82
HYBRID EV MARKET, BY REGION, 2025–2035 (THOUSAND UNITS)
TABLE 83
HYBRID EV MARKET, BY REGION, 2021–2024 (USD BILLION)
TABLE 84
HYBRID EV MARKET, BY REGION, 2025–2035 (USD BILLION)
TABLE 85
MILD HYBRID EV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
TABLE 86
MILD HYBRID EV MARKET, BY REGION, 2025–2035 (THOUSAND UNITS)
TABLE 87
MILD HYBRID EV MARKET, BY REGION, 2021–2024 (USD BILLION)
TABLE 88
MILD HYBRID EV MARKET, BY REGION, 2025–2035 (USD BILLION)
TABLE 89
ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2021–2024 (THOUSAND UNITS)
TABLE 90
MARKET, BY VEHICLE TYPE, 2025–2035 (THOUSAND UNITS)
TABLE 91
MARKET, BY VEHICLE TYPE, 2021–2024 (USD BILLION)
TABLE 92
MARKET, BY VEHICLE TYPE, 2025–2035 (USD BILLION)
TABLE 93
BEST-SELLING ELECTRIC PASSENGER CAR SALES, BY MODEL, 2024
TABLE 94
ELECTRIC PASSENGER CAR MODELS, 2024–2027
TABLE 95
UPCOMING ELECTRIC COMMERCIAL VEHICLES, 2024–2026
TABLE 96
ELECTRIC PASSENGER CAR MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
TABLE 97
ELECTRIC PASSENGER CAR MARKET, BY REGION, 2025–2035 (THOUSAND UNITS)
TABLE 98
ELECTRIC PASSENGER CAR MARKET, BY REGION, 2021–2024 (USD BILLION)
TABLE 99
ELECTRIC PASSENGER CAR MARKET, BY REGION, 2025–2035 (USD BILLION)
TABLE 100
ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
TABLE 101
ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2025–2035 (THOUSAND UNITS)
TABLE 102
ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2021–2024 (USD BILLION)
TABLE 103
ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2025–2035 (USD BILLION)
TABLE 104
BATTERY CELL AND PACK SUPPLIER DATA
TABLE 105
ON-BOARD CHARGER SUPPLIER DATA
TABLE 106
MOTOR SUPPLIER DATA
TABLE 107
DC-DC CONVERTER SUPPLIER DATA
TABLE 108
INVERTER SUPPLIER DATA
TABLE 109
BATTERY MANAGEMENT SYSTEM SUPPLIER DATA
TABLE 110
ELECTRIC VEHICLE FLEET TARGETS WORLDWIDE
TABLE 111
ELECTRIC VEHICLES IN USE FOR COMMERCIAL FLEETS
TABLE 112
COMMERCIAL FLEET SEGMENTS BY KEY COMPANIES
TABLE 113
HYBRID EV MARKET, BY CONFIGURATION TYPE, 2021–2024 (THOUSAND UNITS)
TABLE 114
HYBRID EV MARKET, BY CONFIGURATION TYPE, 2025–2035 (THOUSAND UNITS)
TABLE 115
SERIES: HYBRID EV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
TABLE 116
SERIES: HYBRID EV MARKET, BY REGION, 2025–2035 (THOUSAND UNITS)
TABLE 117
PARALLEL: HYBRID EV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
TABLE 118
PARALLEL: HYBRID EV MARKET, BY REGION, 2025–2035 (THOUSAND UNITS)
TABLE 119
SERIES-PARALLEL: HYBRID EV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
TABLE 120
SERIES-PARALLEL: HYBRID EV MARKET, BY REGION, 2025–2035 (THOUSAND UNITS)
TABLE 121
DIFFERENCE BETWEEN 400V AND 800V ELECTRIC ARCHITECTURES
TABLE 122
MARKET, BY ELECTRIC ARCHITECTURE, 2021–2024 (THOUSAND UNITS)
TABLE 123
MARKET, BY ELECTRIC ARCHITECTURE, 2025–2035 (THOUSAND UNITS)
TABLE 124
VEHICLE MODELS, BY ELECTRIC ARCHITECTURE 400V–800V (UNITS)
TABLE 125
400V: ELECTRIC ARCHITECTURE MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
TABLE 126
400V: ELECTRIC ARCHITECTURE MARKET, BY REGION, 2025–2035 (THOUSAND UNITS)
TABLE 127
VEHICLE MODELS, BY ELECTRIC ARCHITECTURE FOR 800V, 2024
TABLE 128
800V: ELECTRIC ARCHITECTURE MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
TABLE 129
800V: ELECTRIC ARCHITECTURE MARKET, BY REGION, 2025–2035 (THOUSAND UNITS)
TABLE 130
PLUG-IN EV MARKET, BY VEHICLE BODY TYPE, 2021–2024 (THOUSAND UNITS)
TABLE 131
PLUG-IN EV MARKET, BY VEHICLE BODY TYPE, 2025–2035 (THOUSAND UNITS)
TABLE 132
SUV/MPV: PLUG-IN EV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
TABLE 133
SUV/MPV: PLUG-IN EV MARKET, BY REGION, 2025–2035 (THOUSAND UNITS)
TABLE 134
SEDAN: PLUG-IN EV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
TABLE 135
SEDAN: PLUG-IN EV MARKET, BY REGION, 2025–2035 (THOUSAND UNITS)
TABLE 136
HATCHBACK: PLUG-IN EV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
TABLE 137
HATCHBACK: PLUG-IN EV MARKET, BY REGION, 2025–2035 (THOUSAND UNITS)
TABLE 138
PLUG-IN EV MARKET, BY VEHICLE DRIVE TYPE, 2021–2024 (THOUSAND UNITS)
TABLE 139
PLUG-IN EV MARKET, BY VEHICLE DRIVE TYPE, 2025–2035 (THOUSAND UNITS)
TABLE 140
POPULAR ELECTRIC VEHICLES WORLDWIDE, BY DRIVE TYPE (UNITS)
TABLE 141
FRONT-WHEEL DRIVE: PLUG-IN EV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
TABLE 142
FRONT-WHEEL DRIVE: PLUG-IN EV MARKET, BY REGION, 2025–2035 (THOUSAND UNITS)
TABLE 143
REAR-WHEEL DRIVE: PLUG-IN EV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
TABLE 144
REAR-WHEEL DRIVE: PLUG-IN EV MARKET, BY REGION, 2025–2035 (THOUSAND UNITS)
TABLE 145
ALL WHEEL DRIVE: PLUG-IN EVMARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
TABLE 146
ALL WHEEL DRIVE: PLUG-IN EV MARKET, BY REGION, 2025–2035 (THOUSAND UNITS)
TABLE 147
PLUG-IN ELECTRIC VEHICLE MARKET, BY VEHICLE TOP SPEED, 2021–2024 (THOUSAND UNITS)
TABLE 148
PLUG-IN ELECTRIC VEHICLE MARKET, BY VEHICLE TOP SPEED, 2025–2035 (THOUSAND UNITS)
TABLE 149
FASTEST ELECTRIC CARS
TABLE 150
<110 MPH: PLUG-IN EV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
TABLE 151
<110 MPH: PLUG-IN EV MARKET, BY REGION, 2025–2035 (THOUSAND UNITS)
TABLE 152
>110 MPH: PLUG-IN EV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
TABLE 153
>110 MPH: PLUG-IN EV MARKET, BY REGION, 2025–2035 (THOUSAND UNITS)
TABLE 154
MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
TABLE 155
MARKET, BY REGION, 2025–2035 (THOUSAND UNITS)
TABLE 156
MARKET, BY REGION, 2021–2024 (USD BILLION)
TABLE 157
MARKET, BY REGION, 2025–2035 (USD BILLION)
TABLE 158
ASIA PACIFIC: ELECTRIC VEHICLE MARKET, BY COUNTRY, 2021–2024 (THOUSAND UNITS)
TABLE 159
ASIA PACIFIC: MARKET, BY COUNTRY, 2025–2035 (THOUSAND UNITS)
TABLE 160
BEST-SELLING ELECTRIC VEHICLES IN CHINA, 2024
TABLE 161
CHINA: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 162
CHINA: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 163
INDIA: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 164
INDIA: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 165
JAPAN: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 166
JAPAN: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 167
SOUTH KOREA: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 168
SOUTH KOREA: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 169
SOUTHEAST ASIA: MARKET, BY COUNTRY, 2021–2024 (THOUSAND UNITS)
TABLE 170
SOUTHEAST ASIA: MARKET, BY COUNTRY, 2025–2035 (THOUSAND UNITS)
TABLE 171
THAILAND: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 172
THAILAND: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 173
INDONESIA: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 174
INDONESIA: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 175
MALAYSIA: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 176
MALAYSIA: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 177
VIETNAM: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 178
VIETNAM: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 179
SINGAPORE: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 180
SINGAPORE: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 181
PHILIPPINES: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 182
PHILIPPINES: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 183
AUSTRALIA: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 184
AUSTRALIA: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 185
NORTH AMERICA: MARKET, BY COUNTRY, 2021–2024 (THOUSAND UNITS)
TABLE 186
NORTH AMERICA: MARKET, BY COUNTRY, 2025–2035 (THOUSAND UNITS)
TABLE 187
BEST-SELLING ELECTRIC VEHICLES IN US, 2024
TABLE 188
US: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 189
US: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 190
CANADA: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 191
CANADA: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 192
MEXICO: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 193
MEXICO: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 194
EUROPE: MARKET, BY COUNTRY, 2021–2024 (THOUSAND UNITS)
TABLE 195
EUROPE: MARKET, BY COUNTRY, 2025–2035 (THOUSAND UNITS)
TABLE 196
GERMANY: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 197
GERMANY: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 198
FRANCE: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 199
FRANCE: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 200
NETHERLANDS: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 201
NETHERLANDS: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 202
NORWAY: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 203
NORWAY: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 204
SWEDEN: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 205
SWEDEN: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 206
UK: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 207
UK: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 208
DENMARK: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 209
DENMARK: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 210
AUSTRIA: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 211
AUSTRIA: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 212
SWITZERLAND: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 213
SWITZERLAND: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 214
SPAIN: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 215
SPAIN: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 216
RUSSIA: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 217
RUSSIA: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 218
ITALY: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 219
ITALY: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 220
MIDDLE EAST: MARKET, BY COUNTRY, 2021–2024 (THOUSAND UNITS)
TABLE 221
MIDDLE EAST: MARKET, BY COUNTRY, 2025–2035 (THOUSAND UNITS)
TABLE 222
UAE: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 223
UAE: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 224
SAUDI ARABIA: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 225
SAUDI ARABIA: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 226
ISRAEL: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 227
ISRAEL: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 228
LATIN AMERICA: MARKET, BY COUNTRY, 2021–2024 (THOUSAND UNITS)
TABLE 229
LATIN AMERICA: MARKET, BY COUNTRY, 2025–2035 (THOUSAND UNITS)
TABLE 230
BRAZIL: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 231
BRAZIL: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 232
COLOMBIA: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 233
COLOMBIA: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 234
CHILE: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 235
CHILE: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 236
URUGUAY: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 237
URUGUAY: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 238
COSTA RICA: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 239
COSTA RICA: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 240
AFRICA: MARKET, BY COUNTRY, 2021–2024 (THOUSAND UNITS)
TABLE 241
AFRICA: MARKET, BY COUNTRY, 2025–2035 (THOUSAND UNITS)
TABLE 242
MOROCCO: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 243
MOROCCO: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 244
EGYPT: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 245
EGYPT: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 246
SOUTH AFRICA: MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
TABLE 247
SOUTH AFRICA: MARKET, BY PROPULSION, 2025–2035 (THOUSAND UNITS)
TABLE 248
KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2025
TABLE 249
MARKET: DEGREE OF COMPETITION, 2024
TABLE 250
MARKET: REGION FOOTPRINT
TABLE 251
MARKET: VEHICLE TOP SPEED FOOTPRINT
TABLE 252
MARKET: VEHICLE DRIVE TYPE FOOTPRINT
TABLE 253
MARKET: PROPULSION FOOTPRINT
TABLE 254
MARKET: VEHICLE BODY TYPE FOOTPRINT
TABLE 255
MARKET: LIST OF STARTUPS/SMES
TABLE 256
MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES, (1/2)
TABLE 257
MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES, (2/2)
TABLE 258
MARKET: PRODUCT LAUNCHES, JANUARY 2021–JULY 2025
TABLE 259
MARKET: DEALS, JANUARY 2021–JULY 2025
TABLE 260
MARKET: EXPANSIONS, JANUARY 2021–JULY 2025
TABLE 261
MARKET: OTHER DEVELOPMENTS, JANUARY 2021–JULY 2025
TABLE 262
BYD COMPANY LTD.: COMPANY OVERVIEW
TABLE 263
BYD COMPANY LTD.: TOTAL VOLUME OF PRODUCTION AND SALE OF VEHICLES, 2024 (UNITS)
TABLE 264
BYD COMPANY LTD.: PRODUCTS/SOLUTIONS OFFERED
TABLE 265
BYD COMPANY LTD.: PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 266
BYD COMPANY LTD.: DEALS
TABLE 267
BYD COMPANY LTD.: EXPANSIONS
TABLE 268
BYD COMPANY LTD.: OTHER DEVELOPMENTS
TABLE 269
TESLA: COMPANY OVERVIEW
TABLE 270
TESLA: INSTALLED ANNUAL VEHICLE CAPACITY, BY MODEL
TABLE 271
TESLA: PRODUCTION AND DELIVERY OF VEHICLES, 2024
TABLE 272
TESLA: PRODUCTS/SOLUTIONS OFFERED
TABLE 273
TESLA: PRODUCT LAUNCHES/DEVELOPMENTS/UPGRADES
TABLE 274
TESLA: DEALS
TABLE 275
TESLA: EXPANSIONS
TABLE 276
TESLA: OTHER DEVELOPMENTS
TABLE 277
ZHEJIANG GEELY HOLDING GROUP: COMPANY OVERVIEW
TABLE 278
ZHEJIANG GEELY HOLDING GROUP: VOLVO CAR SALES, 2024 (UNITS)
TABLE 279
ZHEJIANG GEELY HOLDING GROUP: PRODUCTS/SOLUTIONS OFFERED
TABLE 280
ZHEJIANG GEELY HOLDING GROUP: PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 281
ZHEJIANG GEELY HOLDING GROUP: DEALS
TABLE 282
ZHEJIANG GEELY HOLDING GROUP: EXPANSIONS
TABLE 283
ZHEJIANG GEELY HOLDING GROUP: OTHER DEVELOPMENTS
TABLE 284
VOLKSWAGEN GROUP: COMPANY OVERVIEW
TABLE 285
VOLKSWAGEN GROUP: BATTERY ELECTRIC VEHICLE DELIVERIES, 2024
TABLE 286
VOLKSWAGEN GROUP: PRODUCTS/SOLUTIONS OFFERED
TABLE 287
VOLKSWAGEN GROUP: PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 288
VOLKSWAGEN GROUP: DEALS
TABLE 289
VOLKSWAGEN GROUP: EXPANSIONS
TABLE 290
VOLKSWAGEN GROUP: OTHER DEVELOPMENTS
TABLE 291
GENERAL MOTORS: COMPANY OVERVIEW
TABLE 292
GENERAL MOTORS: TOTAL VOLUME OF PRODUCTION AND SALE OF VEHICLES, 2024 (UNITS)
TABLE 293
GENERAL MOTORS: PRODUCTS/SOLUTIONS OFFERED
TABLE 294
GENERAL MOTORS: PRODUCT LAUNCHES
TABLE 295
GENERAL MOTORS: DEALS
TABLE 296
GENERAL MOTORS: EXPANSIONS
TABLE 297
GENERAL MOTORS: OTHER DEVELOPMENTS
TABLE 298
CHANGAN: COMPANY OVERVIEW
TABLE 299
CHANGAN: TOTAL VOLUME OF PRODUCTION AND SALE OF VEHICLES, 2024 (UNITS)
TABLE 300
CHANGAN: PRODUCTS/SOLUTIONS OFFERED
TABLE 301
CHANGAN: PRODUCT LAUNCHES
TABLE 302
CHANGAN: DEALS
TABLE 303
CHANGAN: EXPANSIONS
TABLE 304
BMW GROUP: COMPANY OVERVIEW
TABLE 305
BMW GROUP: TOTAL VOLUME OF PRODUCTION AND SALE OF VEHICLES, 2024 (UNITS)
TABLE 306
BMW GROUP: PRODUCTS/SOLUTIONS OFFERED
TABLE 307
BMW GROUP: PRODUCT LAUNCHES/UPGRADES
TABLE 308
BMW GROUP: EXPANSIONS
TABLE 309
BMW GROUP: OTHER DEVELOPMENTS
TABLE 310
LI AUTO INC.: COMPANY OVERVIEW
TABLE 311
LI AUTO INC.: TOTAL VOLUME OF PRODUCTION AND SALE OF VEHICLES, 2024 (UNITS)
TABLE 312
LI AUTO INC.: PRODUCTS/SOLUTIONS OFFERED
TABLE 313
LI AUTO INC.: PRODUCT LAUNCHES
TABLE 314
LI AUTO INC.: DEALS
TABLE 315
HYUNDAI MOTOR GROUP: COMPANY OVERVIEW
TABLE 316
HYUNDAI MOTOR GROUP: TOTAL VOLUME OF PRODUCTION AND SALE OF VEHICLES, 2024 (UNITS)
TABLE 317
HYUNDAI MOTOR GROUP: PRODUCTS/SOLUTIONS OFFERED
TABLE 318
HYUNDAI MOTOR GROUP: PRODUCT LAUNCHES
TABLE 319
HYUNDAI MOTOR GROUP: DEALS
TABLE 320
HYUNDAI MOTOR GROUP: EXPANSIONS
TABLE 321
HYUNDAI MOTOR GROUP: OTHER DEVELOPMENTS
TABLE 322
GAC GROUP: COMPANY OVERVIEW
TABLE 323
GAC GROUP: TOTAL VOLUME OF PRODUCTION AND SALE OF VEHICLES, 2024 (UNITS)
TABLE 324
GAC GROUP: PRODUCTS/SOLUTIONS OFFERED
TABLE 325
GAC GROUP: PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 326
GAC GROUP: DEALS
TABLE 327
GAC GROUP: EXPANSIONS
TABLE 328
GAC GROUP: OTHER DEVELOPMENTS
TABLE 329
STELLANTIS NV: COMPANY OVERVIEW
TABLE 330
STELLANTIS NV: TOTAL VOLUME OF PRODUCTION AND SALE OF VEHICLES, 2024 (UNITS)
TABLE 331
STELLANTIS NV: PRODUCTS/SOLUTIONS OFFERED
TABLE 332
STELLANTIS NV: PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 333
STELLANTIS NV: DEALS
TABLE 334
STELLANTIS NV: EXPANSIONS
TABLE 335
STELLANTIS NV: OTHER DEVELOPMENTS
TABLE 336
GREAT WALL MOTOR: COMPANY OVERVIEW
TABLE 337
GREAT WALL MOTOR: TOTAL VOLUME OF PRODUCTION AND SALE OF VEHICLES, 2024 (UNITS)
TABLE 338
GREAT WALL MOTOR: PRODUCTS/SOLUTIONS OFFERED
TABLE 339
GREAT WALL MOTOR: PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 340
GREAT WALL MOTOR: DEALS
TABLE 341
GREAT WALL MOTOR: EXPANSIONS
TABLE 342
GREAT WALL MOTOR: OTHER DEVELOPMENTS
TABLE 343
TOYOTA MOTOR CORPORATION: COMPANY OVERVIEW
TABLE 344
RENAULT-NISSAN-MITSUBISHI: COMPANY OVERVIEW
TABLE 345
HONDA MOTOR CO., LTD.: COMPANY OVERVIEW
TABLE 346
MERCEDES-BENZ GROUP AG: COMPANY OVERVIEW
TABLE 347
FORD MOTOR COMPANY: COMPANY OVERVIEW
TABLE 348
CHERY: COMPANY OVERVIEW
TABLE 349
LEAPMOTOR INTERNATIONAL B.V.: COMPANY OVERVIEW
TABLE 350
SAIC MOTOR CORPORATION LIMITED: COMPANY OVERVIEW
TABLE 351
NIO: COMPANY OVERVIEW
TABLE 352
XIAOMI: COMPANY OVERVIEW
TABLE 353
RIVIAN: COMPANY OVERVIEW
TABLE 354
LUCID: COMPANY OVERVIEW
TABLE 355
DONGFENG MOTOR CORPORATION: COMPANY OVERVIEW
TABLE 356
FAW TRUCKS CO., LTD.: COMPANY OVERVIEW
TABLE 357
XPENG INC.: COMPANY OVERVIEW
TABLE 358
KG MOBILITY CORP.: COMPANY OVERVIEW
TABLE 359
NETA: COMPANY OVERVIEW
TABLE 360
MAZDA MOTOR CORPORATION: COMPANY OVERVIEW
TABLE 361
SUBARU CORPORATION: COMPANY OVERVIEW
TABLE 362
BAIC GROUP CO., LTD.: COMPANY OVERVIEW
TABLE 363
TATA MOTORS LIMITED: COMPANY OVERVIEW
TABLE 364
XIAOMI AUTO: COMPANY OVERVIEW
LIST OF FIGURES
FIGURE 1
MARKET SEGMENTATION AND REGIONAL SCOPE
FIGURE 2
RESEARCH DESIGN
FIGURE 3
RESEARCH DESIGN MODEL
FIGURE 4
PRIMARY INSIGHTS
FIGURE 5
MARKET SIZE ESTIMATION: HYPOTHESIS BUILDING
FIGURE 6
BOTTOM-UP APPROACH
FIGURE 7
TOP-DOWN APPROACH
FIGURE 8
DATA TRIANGULATION
FIGURE 9
GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS
FIGURE 10
DEMAND AND SUPPLY-SIDE FACTOR ANALYSIS
FIGURE 11
MARKET OUTLOOK
FIGURE 12
PLUG-IN MARKET, BY REGION, 2025–2035
FIGURE 13
MARKET, BY PROPULSION, 2025–2035
FIGURE 14
KEY PLAYERS IN MARKET
FIGURE 15
ADVANCEMENTS IN BATTERY TECHNOLOGIES TO DRIVE MARKET
FIGURE 16
PASSENGER CAR SEGMENT TO SECURE LEADING POSITION IN 2035
FIGURE 17
BEV TO HOLD LARGEST MARKET SHARE IN 2035
FIGURE 18
>110 MPH TO BE FASTER-GROWING SEGMENT DURING FORECAST PERIOD
FIGURE 19
FWD TO SECURE LEADING POSITION IN 2035
FIGURE 20
400V ELECTRIC ARCHITECTURE TO DOMINATE MARKET IN 2035
FIGURE 21
SUV/MPV TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
FIGURE 22
PARALLEL CONFIGURATION TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
FIGURE 23
ASIA PACIFIC TO SURPASS OTHER REGIONAL MARKETS IN 2025
FIGURE 24
MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
FIGURE 25
ELECTRIFICATION TARGETS BY COUNTRIES, 2025–2050
FIGURE 26
EMISSIONS OF ELECTRIC VEHICLES AND GASOLINE VEHICLES
FIGURE 27
PRICE TREND OF ELECTRIC VEHICLE BATTERIES, 2020–2030 (USD PER KWH)
FIGURE 28
PURCHASE COST FOR ELECTRIC AND ICE VEHICLES, BY KEY MODELS
FIGURE 29
FUEL STATION AVERAGE PRICE COMPARISON
FIGURE 30
CHINA’S CONTRIBUTION IN PRODUCTION AND PROCESSING OF CRITICAL MINERALS, 2023
FIGURE 31
GLOBAL COBALT RESERVES, 2024
FIGURE 32
GLOBAL LITHIUM RESERVES, 2024
FIGURE 33
OPERATION OF WIRELESS CHARGING TECHNOLOGY
FIGURE 34
ELECTRIC VEHICLE CHARGING TIME
FIGURE 35
ELECTRIC VEHICLE CHARGERS USED WORLDWIDE
FIGURE 36
SIC SUPPLY CHAIN FOR ELECTRIC VEHICLES
FIGURE 37
HOW V2G CHARGING WORKS
FIGURE 38
ELECTRIC VEHICLES WITH V2L
FIGURE 39
SOLID-STATE BATTERY ROADMAP, 2035+
FIGURE 40
BATTERY MANAGEMENT AND MONITORING SYSTEM
FIGURE 41
BATTERY MANAGEMENT AND MONITORING SYSTEM OF ELECTRIC VEHICLE ARCHITECTURE
FIGURE 42
TECHNOLOGY ADOPTION TIMELINE FOR MARKET
FIGURE 43
PATENT ANALYSIS, BY DOCUMENT TYPE, JANUARY 2015–DECEMBER 2024
FIGURE 44
PATENT PUBLICATION TRENDS, 2015−2024
FIGURE 45
MARKET: LEGAL STATUS OF PATENTS, JANUARY 2015–DECEMBER 2024
FIGURE 46
JURISDICTION OF US REGISTERED HIGHEST PERCENTAGE OF PATENTS, 2015–2024
FIGURE 47
TOP PATENT APPLICANTS, JANUARY 2015–DECEMBER 2024
FIGURE 48
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 2 VEHICLE TYPES
FIGURE 49
KEY BUYING CRITERIA FOR ELECTRIC VEHICLE, BY VEHICLE TYPE
FIGURE 50
MARKET: ECOSYSTEM ANALYSIS
FIGURE 51
MARKET: SUPPLY CHAIN ANALYSIS
FIGURE 52
AVERAGE SELLING PRICE, BY PROPULSION, 2022-2024
FIGURE 53
AVERAGE SELLING PRICE TREND, BY REGION, 2022-2024 (USD)
FIGURE 54
TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 55
INVESTMENT AND FUNDING SCENARIO, 2020–2025 (USD BILLION)
FIGURE 56
IMPORT DATA FOR HS CODE 870380, BY COUNTRY, 2020–2024 (USD BILLION)
FIGURE 57
EXPORT DATA FOR HS CODE 870380, BY COUNTRY, 2021–2024 (USD BILLION)
FIGURE 58
US: TOTAL COST OF OWNERSHIP BREAKDOWN (5 YEARS)
FIGURE 59
BILL OF MATERIALS FOR ICE AND ELECTRIC VEHICLES, 2025 VS. 2035
FIGURE 60
TOP-SELLING ELECTRIC VEHICLES WORLDWIDE, 2024 (UNITS)
FIGURE 61
ASIA PACIFIC: TOP-SELLING ELECTRIC VEHICLES, 2024 (UNITS)
FIGURE 62
ASIA PACIFIC: KEY PRICE POINT OF ELECTRIC VEHICLES
FIGURE 63
SOUTHEAST ASIA: TOP-SELLING ELECTRIC VEHICLES, 2024 (UNITS)
FIGURE 64
SOUTHEAST ASIA: KEY PRICE POINT OF ELECTRIC VEHICLES
FIGURE 65
EUROPE: TOP-SELLING ELECTRIC VEHICLES, 2024 (UNITS)
FIGURE 66
EUROPE: KEY PRICE POINT OF ELECTRIC VEHICLES
FIGURE 67
LATIN AMERICA: TOP-SELLING ELECTRIC VEHICLES, 2024 (UNITS)
FIGURE 68
LATIN AMERICA: KEY PRICE POINT OF ELECTRIC VEHICLES
FIGURE 69
NORTH AMERICA: TOP-SELLING ELECTRIC VEHICLES, 2024 (UNITS)
FIGURE 70
NORTH AMERICA: KEY PRICE POINT OF ELECTRIC VEHICLES
FIGURE 71
ELECTRIC VEHICLE COMPARISON, BY PROPULSION
FIGURE 72
MARKET, BY PROPULSION, 2025 VS. 2035 (USD BILLION)
FIGURE 73
MARKET, BY VEHICLE TYPE, 2025 VS. 2035 (USD BILLION)
FIGURE 74
SIGNIFICANCE OF V2X IN MARKET
FIGURE 75
V2X COMMUNICATION
FIGURE 76
MARKET: FACTORS IMPACTING V2X
FIGURE 77
COMPARISON OF HYBRID ELECTRIC CONFIGURATION TYPES
FIGURE 78
HYBRID ELECTRIC VEHICLE MARKET, BY CONFIGURATION TYPE, 2025 VS. 2035 (THOUSAND UNITS)
FIGURE 79
CO2 EMISSION REDUCTION POTENTIAL ACROSS DIFFERENT TOPOLOGIES
FIGURE 80
HYBRID FUNCTIONS SUPPORTED BY DIFFERENT TOPOLOGIES
FIGURE 81
COMPARISON OF CO2 REDUCTION IN WLTC AND NEDC FOR DIFFERENT TOPOLOGIES
FIGURE 82
MARKET, BY ELECTRIC ARCHITECTURE, 2025 VS. 2035 (THOUSAND UNITS)
FIGURE 83
PLUG-IN EV MARKET, BY VEHICLE BODY TYPE, 2025 VS. 2035 (THOUSAND UNITS)
FIGURE 84
COMPARISON OF ELECTRIC VEHICLE DRIVE TYPES
FIGURE 85
PLUG-IN EV MARKET, BY VEHICLE DRIVE TYPE, 2025 VS. 2035 (THOUSAND UNITS)
FIGURE 86
PLUG-IN EV MARKET, BY VEHICLE TOP SPEED, 2025 VS. 2035 (THOUSAND UNITS)
FIGURE 87
KEY TRANSPORT POLICIES AND TARGETS BY COUNTRIES
FIGURE 88
MARKET, BY REGION, 2025 VS. 2035 (USD BILLION)
FIGURE 89
ASIA PACIFIC: MARKET SNAPSHOT
FIGURE 90
ASIA PACIFIC: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026
FIGURE 91
ASIA PACIFIC: GDP PER CAPITA, BY COUNTRY, 2024–2026
FIGURE 92
ASIA PACIFIC: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY, 2024–2026
FIGURE 93
ASIA PACIFIC: MANUFACTURING INDUSTRY’S CONTRIBUTION TO GDP, 2024
FIGURE 94
ELECTRIC VEHICLE MOBILITY LANDSCAPE IN CHINA
FIGURE 95
SOUTHEAST ASIA: MARKET, BY COUNTRY, 2025 VS. 2035 (THOUSAND UNITS)
FIGURE 96
SOUTHEAST ASIA: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026
FIGURE 97
SOUTHEAST ASIA: GDP PER CAPITA, BY COUNTRY, 2024–2026
FIGURE 98
SOUTHEAST ASIA: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY, 2024–2026
FIGURE 99
SOUTHEAST ASIA: MANUFACTURING INDUSTRY’S CONTRIBUTION TO GDP, 2024
FIGURE 100
NORTH AMERICA: MARKET SNAPSHOT
FIGURE 101
NORTH AMERICA: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026
FIGURE 102
NORTH AMERICA: GDP PER CAPITA, BY COUNTRY, 2024–2026
FIGURE 103
NORTH AMERICA: CPI INFLATION RATE, BY COUNTRY, 2024–2026
FIGURE 104
NORTH AMERICA: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024
FIGURE 105
BEST-SELLING ELECTRIC VEHICLE MODELS IN EUROPE, 2024 (BEV AND PHEV)
FIGURE 106
EUROPE: MARKET SNAPSHOT
FIGURE 107
EUROPE: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026
FIGURE 108
EUROPE: GDP PER CAPITA, BY COUNTRY, 2024–2026
FIGURE 109
EUROPE: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY, 2024–2025
FIGURE 110
EUROPE: MANUFACTURING INDUSTRY’S CONTRIBUTION TO GDP, 2024
FIGURE 111
GERMANY: ELECTRIC VEHICLE ROADMAP
FIGURE 112
UK: ELECTRIC VEHICLE ROADMAP
FIGURE 113
MIDDLE EAST: MARKET SNAPSHOT
FIGURE 114
MIDDLE EAST: REAL GDP ANNUAL PERCENTAGE CHANGE, 2024–2026
FIGURE 115
MIDDLE EAST: GDP PER CAPITA, 2024–2026
FIGURE 116
MIDDLE EAST: AVERAGE CPI INFLATION RATE, 2024–2026
FIGURE 117
MIDDLE EAST: MANUFACTURING INDUSTRY VALUE (AS PART OF GDP), 2024
FIGURE 118
LATIN AMERICA: MARKET SNAPSHOT
FIGURE 119
LATIN AMERICA: REAL GDP ANNUAL PERCENTAGE CHANGE, 2024–2026
FIGURE 120
LATIN AMERICA: GDP PER CAPITA, 2024–2026
FIGURE 121
LATIN AMERICA: AVERAGE CPI INFLATION RATE, 2024–2026
FIGURE 122
LATIN AMERICA: MANUFACTURING INDUSTRY VALUE (AS PART OF GDP), 2024
FIGURE 123
AFRICA: MARKET SNAPSHOT
FIGURE 124
AFRICA: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026
FIGURE 125
AFRICA: GDP PER CAPITA, BY COUNTRY, 2024–2026
FIGURE 126
AFRICA: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY, 2024–2026
FIGURE 127
AFRICA: MANUFACTURING INDUSTRY’S CONTRIBUTION TO GDP, 2024
FIGURE 128
MARKET SHARE ANALYSIS OF KEY PLUG-IN ELECTRIC VEHICLE MANUFACTURERS, 2024
FIGURE 129
MARKET SHARE ANALYSIS OF KEY PLAYERS IN HYBRID ELECTRIC VEHICLE MARKET, 2024
FIGURE 130
ASIA PACIFIC: MARKET SHARE ANALYSIS OF KEY PLAYERS IN ELECTRIC VEHICLE MARKET, 2024
FIGURE 131
SOUTHEAST ASIA: MARKET SHARE ANALYSIS OF KEY PLAYERS IN ELECTRIC VEHICLE MARKET, 2024
FIGURE 132
EUROPE: MARKET SHARE ANALYSIS OF KEY PLAYERS IN ELECTRIC VEHICLE MARKET, 2024
FIGURE 133
NORTH AMERICA: MARKET SHARE ANALYSIS OF KEY PLAYERS IN ELECTRIC VEHICLE MARKET, 2024
FIGURE 134
LATIN AMERICA: MARKET SHARE ANALYSIS OF KEY PLAYERS IN ELECTRIC VEHICLE MARKET, 2024
FIGURE 135
REVENUE ANALYSIS OF TOP 5 PLAYERS, 2020–2024 (USD BILLION)
FIGURE 136
COMPANY VALUATION IN MARKET, 2025
FIGURE 137
FINANCIAL METRICS (EV/EBITDA) IN MARKET, 2025
FIGURE 138
BRAND/PRODUCT COMPARISON IN MARKET
FIGURE 139
COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024
FIGURE 140
MARKET: COMPANY FOOTPRINT
FIGURE 141
COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024
FIGURE 142
BYD COMPANY LTD.: COMPANY SNAPSHOT
FIGURE 143
TESLA: COMPANY SNAPSHOT
FIGURE 144
ZHEJIANG GEELY HOLDING GROUP: COMPANY SNAPSHOT
FIGURE 145
ZHEJIANG GEELY HOLDING GROUP: BRANDS
FIGURE 146
ZHEJIANG GEELY HOLDING GROUP: PRODUCT LINE-UP OF VOLVO
FIGURE 147
VOLKSWAGEN GROUP: COMPANY SNAPSHOT
FIGURE 148
VOLKSWAGEN GROUP: REPORTING STRUCTURE
FIGURE 149
VOLKSWAGEN GROUP: BUSINESS LANDSCAPE, 2024
FIGURE 150
VOLKSWAGEN GROUP: EXPANSION IN KEY REGIONS, 2024
FIGURE 151
GENERAL MOTORS: COMPANY SNAPSHOT
FIGURE 152
CHANGAN: COMPANY SNAPSHOT
FIGURE 153
BMW GROUP: COMPANY SNAPSHOT
FIGURE 154
BMW GROUP: ELECTRIC VEHICLE PLANS
FIGURE 155
LI AUTO INC.: COMPANY SNAPSHOT
FIGURE 156
HYUNDAI MOTOR GROUP: COMPANY SNAPSHOT
FIGURE 157
GAC GROUP: COMPANY SNAPSHOT
FIGURE 158
STELLANTIS NV: COMPANY SNAPSHOT
FIGURE 159
STELLANTIS NV: ELECTRIFICATION PLANS
FIGURE 160
GREAT WALL MOTOR: COMPANY SNAPSHOT
FIGURE 161
GREAT WALL MOTOR: GLOBAL R&D NETWORK
Methodology
The research study involves extensive use of secondary sources such as company annual reports/presentations, industry association publications, magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, technical articles, and databases to identify and collect information on the electric vehicle market. In-depth interviews have been conducted with various primary sources, experts from related industries, auto component and service providers, to obtain and verify critical information, as well as assess the growth prospects and market estimations.
Secondary Research
Secondary sources for this research study include corporate filings, such as annual reports, investor presentations, and financial statements; trade, business, and professional associations; whitepapers and electric vehicle-related journals; certified publications; articles by recognized authors; directories; and databases. Secondary data has been collected and analyzed to determine the overall market size, further validated by primary research.
Primary Research
Extensive primary research has been conducted after understanding the electric vehicle market scenario through secondary research. Several primary interviews have been conducted with market experts from demand (fleet operators, consumers) and supply (OEMs, EV battery manufacturers, country-level government associations, and trade associations) sides. The regions considered for the research include North America, Europe, Asia Pacific, Southeast Asia, Latin America, the Middle East, and Africa. Approximately 32% and 68% of primary interviews have been conducted from the demand and supply sides, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and marketing, have been covered to provide a holistic viewpoint in this report.
After interacting with industry experts, brief sessions have been conducted with experienced independent consultants to reinforce the findings from the primaries. This, along with the in-house subject matter experts’ opinions, has led to the findings described in this report.
Note: Others include sales, managers, and product managers.
Company tiers are based on the value chain; the company’s revenue is not considered.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
As mentioned below, a detailed market estimation approach has been followed to estimate and validate the volume and value of the electric vehicle market and other submarkets.
- The market size has been derived by using parameters such as sales of EVs.
- Segment split has been identified through primary and secondary research.
- Key players in the global electric vehicle market have been identified through secondary research, and their global market ranking has been determined through primary and secondary research.
- The research methodology includes the study of the annual and quarterly financial reports & regulatory filings of major market players, as well as interviews with industry experts for detailed market insights.
- All major penetration rates, percentage shares, splits, and breakdowns for the global electric vehicle market have been determined by using secondary sources and verified through primary sources.
- All key macro indicators affecting the revenue growth of the market segments and subsegments have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the validated and verified quantitative & qualitative data.
- The gathered market data has been consolidated and added with detailed inputs, analyzed, and presented in this report.
Electric Vehicle Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall market size through the aforementioned methodology, the electric vehicle market has been split into several segments and subsegments. The data triangulation procedure has been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact market value for key segments and subsegments. The extrapolated market data has been triangulated by studying various macro indicators and regional trends from both the demand- and supply-side participants.
Market Definition
An electric vehicle (EV) is an automobile propelled by one or more electric motors. An EV uses energy stored in rechargeable batteries, which can be charged using private or public charging infrastructure. There are five major types of EVs, namely, battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), hybrid electric vehicles (HEVs), mild hybrid electric vehicles (MHEVs), and fuel cell electric vehicles (FCEVs).
Stakeholders
- Associations, forums, and alliances related to EVs
- Automobile manufacturers
- Battery distributors
- Battery manufacturers
- Charging infrastructure providers
- Charging service providers
- EV charging station service providers
- EV component manufacturers
- EV distributors and retailers
- EV manufacturers
- Government agencies and policymakers
Report Objectives
- To analyze and forecast the electric vehicle market in terms of volume (thousand units) and value (USD million) from 2025 to 2035
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To segment the market by Vehicle Type, Propulsion, by EV Architecture, Vehicle Top Speed, Vehicle Drive Type, Vehicle Body Type, Configuration Type, Topology, Vehicle Connectivity, Propulsion & Component, End Use, and Region
- To segment and forecast the market size by vehicle type (passenger cars and commercial vehicles)
- To segment and forecast the market by propulsion (battery electric vehicle, fuel cell electric vehicle, plug-in hybrid electric vehicle, hybrid electric vehicle, and mild hybrid electric vehicle)
- To segment and forecast the market by EV architecture (400V and 800V)
- To segment and forecast the market by vehicle top speed (<125 mph and >125 mph)
- To segment and forecast the market by vehicle drive type (front-wheel drive, rear-wheel drive, and all wheel drive)
- To segment and forecast the market by vehicle body type (SUV/MPV, sedan, and hatchback)
- To segment and forecast the market by configuration type (series, parallel, and series-parallel)
- To segment and forecast the market by topology (P0, P1, P2, P3, and P4)
- To segment and forecast the market by vehicle connectivity (V2B or V2I, V2G, and V2V)
- To segment and forecast the market by propulsion & component (BEV components, PHEV components, FCEV components, HEV components, and MHEV components)
- To segment and forecast the market by end use (private and commercial fleets)
- To segment and forecast the market by Region [Asia Pacific, Southeast Asia, Europe, North America, and Rest of the World (RoW)]
- To identify and analyze key drivers, challenges, restraints, and opportunities influencing the market growth
- To strategically analyze the market, considering individual growth trends, prospects, and contributions to the total market
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To study the following with respect to the market
- Supply chain analysis
- Ecosystem analysis
- Technology analysis
- Trade analysis
- Case study analysis
- Patent analysis
- Regulatory landscape
- Average selling price analysis
- Trends/Disruptions impacting customers’ business
- Impact of AI/Gen AI
- Key stakeholders and buying criteria
- Key conferences and events
- MNM insights on the electric vehicle market trends
- To strategically profile the key players and comprehensively analyze their market share and core competencies
- To track and analyze competitive developments such as deals (joint ventures, mergers & acquisitions, partnerships, collaborations), product developments and launches, and other activities undertaken by the key industry participants
Available Customizations
With the given market data, MarketsandMarkets offers customizations in accordance with the company’s specific needs.
- Electric vehicle market, by commercial vehicle type, at the regional level (for regions covered in the report)
- Electric vehicle market, by propulsion, for additional countries (for countries not covered in the report)
- Additional company profiles (up to five)
Personalize This Research
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
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Mathew
May, 2022
We want to know the competitive scenario for Electric Vehicle Market? and the Top vendors in the EV Market for the Forecast period 2022 to 2030. .
Jhon
Dec, 2022
For the Asia market, we have provided the latest industry trends from both supply-side and demand-side, market insights for ASIA at the total and country-level (China, India, Japan and South Korea), and quantified the market size in units and revenues and growth forecast to 2030..
Wills
Dec, 2022
Electric Vehicle Market report also includes the latest industry trends from both supply-side and demand-side, market insights for ASIA market at the total and country-level (China, India, Japan and South Korea) data as well, and quantified the market size in units and revenues and growth forecast to 2030..