Electric Vehicle Market by Component, Vehicle Type, Vehicle Class, Propulsion (BEV, PHEV, FCEV), Vehicle Drive Type (FWD, RWD, AWD), E/E Architecture, Top Speed, Charging Point Type, Vehicle Connectivity, End Use, & Region - Global Forecast 2030
[440 Pages Report] The global electric vehicle (EV) market is projected to grow from USD 396.4 billion in 2024 to USD 620.3 billion by 2030 at a CAGR of 7.7%. Many factors are collectively driving the market. The most important of these is the reduction of the total cost of ownership through lower fuel and maintenance costs than traditional internal combustion engine (ICE) vehicles. The energy density has significantly improved while the cost has substantially decreased, thereby enabling electric vehicles to have larger driving ranges and yet be cheaper at the same time. Architectural breakthroughs came with innovations like the 800V E/E systems and better vehicle performance by cutting back charging time. The development of charging infrastructure associated with high-power fast chargers will make electric vehicles convenient for long travel. All of the advancements in technology and infrastructure are boosting the penetration of electric vehicles globally.
To know about the assumptions considered for the study, Request for Free Sample Report
To know about the assumptions considered for the study, download the pdf brochure
Market Dynamics:
Driver: Advancement in Battery Technology
Recent developments in battery technology are altering the landscape of the electric vehicle industry when it comes to range, efficiency, and price. The most common battery type for electric vehicles today is lithium-ion, and it has seen significant improvements in recent years. R&D is ongoing on increasing the energy density of lithium-ion batteries so that they can store more power without making them larger or heavier than necessary. Instead, this has led to the development of longer-range electric cars, thus addressing one major concern most people had with regard to buying an electric car. Beyond lithium-ion batteries, technologies focused on transforming the electric vehicle industry are also being developed. For instance, the latest studies have introduced solid-state batteries that utilize solid electrolytes instead of liquids, which results in highly improved safety parameters and enhanced energy densities. Hence, these types of batteries are not likely to experience overheating cases compared to other conventional types, thus ensuring their prolonged lifespan while enabling faster charge times. With companies such as QuantumScape and Toyota's hard work, the development of solid-state batteries is expected to witness significant adoption in a few years. Toyota is committed to having such technology ready for commercial use by 2027-2028, with a solid-state battery that can travel 1,000 km and a charging time of 10 minutes is expected.
Restraint: Battery Longevity and Replacement Costs
Electric mobility is one of the best ways to reduce greenhouse emissions and replace diesel electric locomotives. Battery lifetime and the cost of buying a new battery pose problems. Also, the low driving range owing to battery degradation turns out to be a genuine problem for most people wanting to drive an electric car. Although more efficient battery technology offers better hope to users, the spectrum of 'range anxiety' is still problematic in the minds of those who, instead of taking short trips, require cross-country trips or lack the luxury of charging at a suitable spot. In addition, the usefulness of the battery is affected by the following factors: user practices, charging habits, and environmental conditions.
Even though electric vehicle batteries may have an estimated cost of up to tens of thousands of dollars, buyers need to readjust their selection preference according to car type and battery size. This expense can scare away many first-time buyers and generate concerns about the long-term affordability of electric cars versus gas ones.
Opportunity: Rapid Investment in Charging Infrastructure
Ever since governments and private entities began installing fast charging stations, battery ownership has become easier and more convenient for people. Modular platforms enable OEMs to cut down on the time it takes from product launch to production, which simplifies the introduction of different electric vehicle types at lower prices. With different models available, these platforms provide a flexible and scalable solution that can meet changing customer preferences over time. Moreover, vehicle efficiency and performance are improved through developments in Electric/Electronic (E/E) architecture, such as the integration of 800V systems into vehicles. The ultimate aim is to ensure a reliable supply of critical components within battery pack/cell manufacturing by climbing up the value chain into the Apple core among OEMs. Hence, vertical integration provides cost benefits but allows for improved control over battery technology's quality and innovation.
Challenge: Lack of Standardization of Electric Vehicle Charging Infrastructure
Electric vehicle charging stations might not work with all types of voltages. AC charging stations deliver a voltage of 120V AC through Level 1 charging stations and 208/240V AC through Level 2 charging stations, while DC charging stations provide fast charging with 480V AC.
Governments should standardize charging infrastructure to develop an enabling environment and boost electric vehicle sales. Fast charging is not standardized in different countries. Japan uses CHAdeMO; Europe, the US, and Korea use CCS; and China uses GB/T. The Indian government directed the installation of both CHAdeMO and CCS as the country lacks standardization with respect to fast charging. However, it increased the cost of installation of charging stations. In July 2019, the Indian government changed the guidelines by which developers can select any one method they want to adopt for their fast-charging stations. The US-based electric car manufacturer Tesla has high-performance superchargers available for Tesla cars only; these superchargers cannot be used for other electric vehicles; this is now slowly being addressed.
Market Ecosystem
High Demand For Home Charging To Drive Market.
DC supercharger sales are expected to be the highest in the Asia Pacific region during the forecast period. This ramp-up is fueled by a growing number of medium and heavy-duty electric vehicles, including commercial trucks, vans, as well as transit buses, which make use of DC fast chargers, while companies such as Uber and Lyft have established fast charging hubs. Toyota's North America division announced in July 2024 that they will be investing in the Lonna network for DC fast chargers, which will have BMW, General Motors, Honda, Hyundai, Kia, Mercedes Benz, and Stellantis as founding partners. The first charging stations will come up late in 2024, but the target is to have 30,000 ports, including both Tesla's NACS and CCS ports, by 2030 throughout North America. Supercharging facilities are widely available in China; in Japan and South Korea, their networks are expanding rapidly. Every year, there are countries that announce bold plans to modernize their electric vehicle charging infrastructure within the next five to ten years or beyond. In July 2024, India-based startup Charge Zone announced its plans to establish about 25 additional super-fast charging points with an estimated capacity ranging between 360kW and 1.2MW. It is also planning to invest around USD 360 million in the next four years to establish electric vehicle chargers across India.
Focus On Efficiency And Range To Drive Market.
Batteries with improved features coupled with modern engine designs are improving energy densities, making it possible for electric vehicles to travel for longer distances on one full charge, thus dealing with range anxiety issues plus winning in comparison to gasoline vehicles as well. In addition, lightweight materials combined with better aerodynamics lead to increased efficiencies, making electric cars even more attractive. This is likely to translate into an increase in the sales volume of electric vehicles given that their value proposition continues improving through cost-cutting as well as environmental protection plans by automotive makers.
Many car makers offer electric vehicles with a top speed of <125mph. BYD, Volkswagen, Kia, Hyundai, and Nissan are some of them. BYD offers BYD Han, BYD Dolphin, and BYD Yuan Plus EV. Hyundai offers the Kona, and Nissan offers the Leaf in the <125mph segment. Nissan Leaf has a top speed of ~106mph. Kia Niro EV has a top speed of 103.8mph. In June 2023, Volkswagen launched ID.7, its first car in the upper mid-sized class with a 112.5mph top speed.
Asia Pacific To Be Largest Market For Electric Vehicles During Forecast Period.
The Asia Pacific region is drawing in many electric vehicle suppliers due to favorable regional and global factors. With smart regulations and a strong industrial foundation, China is leading the way in innovation for electric cars, setting the global standard. China's leadership in production technology and battery recharging infrastructure significantly enhances its stake in the worldwide adoption of electric vehicles. The Chinese government is working to improve its electric vehicle systems quickly by establishing far-flung charging networks and other initiatives to usher in new energy vehicles (NEVs) into cities and villages alike. Likewise, India plays an important role in the electric vehicle movement owing to robust support mechanisms and several incentives that have been put in place over time. For example, MG Motor, the SAIC Motor subsidiary, unveiled the Comet EV model, which sells at a reasonable price of USD 9,700 (7.98 lakh INR) with a sleek look as well as a range of color options and personalized stickers. The Indian government has also emphasized local electric vehicle battery production while developing the charging infrastructure for these vehicles.
At present, due to favorable climate change regulations and modern technology, various electric vehicle companies are investing in Japan and the larger Asia Pacific region. Other countries like South Korea, Thailand, and Vietnam have launched electric vehicle transformation plans. For example, Vietnam has set a target of achieving 10% (200,000 vehicles) of new sales from electric vehicles by 2030. Local manufacturing as well as supply chains, are stimulated under the "Made in Vietnam" initiative. Hyundai is collaborating with Malaysia and Indonesia on electric vehicle production.
Key Market Players
The electric vehicle market is dominated by established players such as BYD (China), Tesla (US), Volkswagen AG (Germany), Geely-Volvo (China), and SAIC Motor (China). These companies manufacture and develop new technologies in the market. In May 2024, BYD launched the e-Platform 3.0 Evo, an upgraded version of its battery electric vehicle (BEV) model platform, as well as the first model based on the new platform, the Sea Lion 07 EV. During the same period, Volkswagen partnered with SAIC Motor for its premium brand Audi to develop a new China-specific platform for intelligent and electric vehicles. BYD has adopted strategies such as product developments and deals, whereas Volkswagen has expanded in new regions to gain traction in the market. In February 2024, BYD and the Emil Frey Group agreed on a partnership to distribute and sell BYD's range of innovative electric vehicles in Switzerland and Liechtenstein. In April 2024, Volkswagen announced plans to invest USD 210 million to upgrade and modernize its Kariega, South Africa plant to support the production of a new SUV-type model (starting in 2027).
Want to explore hidden markets that can drive new revenue in Electric Vehicle Market?
Scope of the Report
Want to explore hidden markets that can drive new revenue in Electric Vehicle Market?
This research report categorizes the Electric Vehicle market based on Component, Vehicle Type, Vehicle Class, Propulsion, Vehicle Drive Type, E/E Architecture, Top Speed, Charging Point Type, Vehicle Connectivity, End Use and Region.
Based on Components:
- Battery Cells and Packs
- Onboard Chargers
- Reducers
- Motors
- Power Control Units
- Battery Management Systems
- Fuel Cell Stacks
- Fuel Processors
- Power Conditioners
- Air Compressors
- Humidifiers
Based on Vehicle Type:
- Passenger Car
- Commercial Vehicle
Based on Vehicle Class:
- Low-priced EV
- Mid-priced EV
- Luxury EV
Based on Propulsion:
- BEV
- PHEV
- FCEV
Based on Vehicle Drive Type:
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
Based on E/E Architecture:
- 400V
- 800V
Based on Top Speed:
- <125 Mph
- >125 Mph
Based on Charging Point Type:
- AC (Normal Charging)
- DC (Super Charging)
- Inductive Charging
Based on Vehicle Connectivity:
- V2B/V2I
- V2G
- V2V
Based on End Use:
- Private
- Commercial Fleets
Based on the region:
-
Asia Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Indonesia
- Malaysia
- Vietnam
-
North America
- Canada
- US
-
Europe
- France
- Germany
- Spain
- Austria
- UK
- Netherlands
- Norway
- Denmark
- Sweden
- Switzerland
Recent Developments
- In June 2024, BYD launched its third electric vehicle, BYD SEAL, in Japan. The retail pricing for the rear-wheel-drive version of the vehicle in the country is 5.28 million yen (USD 33,111.75).
- In June 2024, Volkswagen announced an investment of up to USD 5 billion in the US electric vehicle maker Rivian as part of a new, equally controlled joint venture to share electric vehicle architecture and software.
- In April 2024, Tesla launched Model 3 Performance, a high-performance version of Tesla's popular electric sedan Model 3. It has 510 horsepower (up from 455), 296 miles of estimated driving range, an adaptive suspension system, a dedicated Track driving mode, upgraded brakes, sport seats, and a staggered wheel and tire setup.
- In February 2024, BYD and the Emil Frey Group agreed on a partnership to distribute and sell BYD's range of innovative electric vehicles in Switzerland and Liechtenstein. This partnership represents a significant milestone for both BYD and Emil Frey.
- In November 2023, Geely Mexico officially began operations in Mexico. The company presented two models, Geely Coolray 2024 and Geely Geometry C 2024, which are two new generation SUVs, one ICE and the other electric, respectively.
Frequently Asked Questions (FAQ):
What is the current size of the electric vehicle market by value?
The size of the electric vehicle market is estimated to be USD 396.4 billion in 2024 for electric passenger cars.
Who are the winners in the electric vehicle market?
The electric vehicle market is dominated by established players such as BYD (China), Tesla (US), Volkswagen AG (Germany), Geely-Volvo (China), and SAIC Motor (China). These companies manufacture and develop new technologies in the electric vehicle market. In May 2024, BYD launched the e-Platform 3.0 Evo, an upgraded version of its BEV model platform, as well as the first model based on the new platform, the Sea Lion 07 EV. In May 2024, Volkswagen partnered with SAIC Motors for its premium brand Audi to develop a new China-specific platform for intelligent and electric vehicles.
Which region is projected to be the fastest-growing market for electric vehicles?
Europe is projected to be the fastest-growing electric vehicle market region as strong government support is aimed at reducing emissions through policies, subsidies, and stringent regulations that support market growth over the forecast period.
What are the new market trends impacting the growth of the electric vehicle market?
The countries covered in the report for the electric vehicle market in the region are the US and Canada.
What countries have been covered in the electric vehicle market in the North American region?
The countries covered in the report for the electric vehicle market in the region are the US and Canada. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.
- 5.1 INTRODUCTION
-
5.2 MARKET DYNAMICSDRIVERS- Reducing prices of EV batteries- Government initiatives pertaining to EVs- Fast charging speed to allow plug-and-charge use of EVs- Rising prices of petroleum- Lower emissions- Development of private and semi-public EV chargingRESTRAINTS- High initial investments for installing EV fast charging infrastructure- Lack of sufficient EV charging infrastructure in many emerging economies- Low vehicle rangeOPPORTUNITIES- Growing consumer acceptance for EVs- Development of wireless EV charging technology for on-the-go charging- Use of EVs for fleets and commercial applicationsCHALLENGES- High cost of EVs compared to ICE vehicles- Lack of standardization of EV charging infrastructure- Low availability of lithium for use in EV batteries- Insufficient grid infrastructure
- 5.3 NEW AND UPCOMING ELECTRIC VEHICLE MODELS, 2023–2026
- 5.4 TOTAL COST OF OWNERSHIP COMPARISON OF ELECTRIC AND ICE VEHICLES
- 5.5 BILL OF MATERIAL ANALYSIS
-
5.6 OEM ELECTROMOBILITY PROGRESSOEM TARGETS AND INVESTMENTS
-
5.7 ECOSYSTEM ANALYSISEV CHARGING PROVIDERSSOFTWARE PROVIDERSBATTERY MANUFACTURERSCOMPONENT MANUFACTURERSOEMSEND USERS
- 5.8 SUPPLY CHAIN ANALYSIS
-
5.9 KEY STAKEHOLDERS AND BUYING CRITERIAPASSENGER CARSCOMMERCIAL VEHICLESKEY STAKEHOLDERS IN BUYING PROCESSBUYING CRITERIA
- 5.10 PRICING ANALYSIS
- 5.11 KEY CONFERENCES AND EVENTS IN 2023-2024
-
5.12 TECHNOLOGY ANALYSISV2X CHARGINGSMART CHARGING SYSTEMSOLID-STATE BATTERYIOT IN ELECTRIC VEHICLESPACKAGED FUEL CELL SYSTEM MODULEMETHANE FUEL CELLSDIRECT BOROHYDRIDE FUEL CELLS800V ARCHITECTURESTRUCTURAL BATTERYV2L
-
5.13 PATENT ANALYSISINTRODUCTIONINSIGHTS
- 5.14 TRADE ANALYSIS
-
5.15 CASE STUDY ANALYSISCASE STUDY 1: NISSAN LEAF IN DURHAM COUNTY, NORTH CAROLINA, USCASE STUDY 2: ADOPTION OF ELECTRIC BUSES AS PUBLIC TRANSPORT IN SHENZHEN, CHINACASE STUDY 3: RAPID BUS FLEET ELECTRIFICATION THROUGH CHANGES IN PROCUREMENT MODEL AND INDUSTRY ENGAGEMENT IN SANTIAGO, CHILECASE STUDY 4: CHARGING HUBS WITH DC FAST CHARGERS TO SUPPORT EXPANSION OF RIDE-HAILING FLEET IN NAIROBI, KENYACASE STUDY 5: RAPID ELECTRIFICATION OF ENTIRE TAXI FLEET IN TAIYUAN, CHINACASE STUDY 6: ELECTRIFICATION OF LOGISTICS FLEET THROUGH FRITO-LAY-CALSTART PARTNERSHIPCASE STUDY 7: RENAULT TO ADVANCE SUSTAINABLE MOBILITY WITH ELECTRIC-HYDROGEN HYBRID CARS
-
5.16 REGULATORY LANDSCAPEREGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONSNETHERLANDSGERMANYFRANCEUKCHINAUS
- 5.17 TRENDS AND DISRUPTIONS
-
5.18 ELECTRIC VEHICLE MARKET, SCENARIOS (2023–2030)MOST LIKELY SCENARIOOPTIMISTIC SCENARIOPESSIMISTIC SCENARIO
- 6.1 INTRODUCTION
- 6.2 BATTERY CELLS AND PACKS
- 6.3 ONBOARD CHARGERS
- 6.4 MOTORS
- 6.5 POWER CONTROL UNITS
- 6.6 BATTERY MANAGEMENT SYSTEMS
- 6.7 FUEL CELL STACKS
- 6.8 FUEL PROCESSORS
- 6.9 POWER CONDITIONERS
- 6.10 AIR COMPRESSORS
- 6.11 HUMIDIFIERS
- 7.1 INTRODUCTION
- 7.2 OPERATIONAL DATA
-
7.3 PASSENGER CAR (PC)FAVORABLE REGULATIONS AND SUBSIDIES ACROSS REGIONS TO DRIVE MARKET
-
7.4 COMMERCIAL VEHICLE (CV)FLOURISHING LAST-MILE DELIVERY, E-COMMERCE, AND LOGISTICS INDUSTRIES TO DRIVE MARKET
- 7.5 KEY PRIMARY INSIGHTS
- 8.1 INTRODUCTION
- 8.2 OPERATIONAL DATA
-
8.3 BATTERY ELECTRIC VEHICLE (BEV)RISE IN PETROLEUM PRICES TO DRIVE MARKET
-
8.4 FUEL CELL ELECTRIC VEHICLE (FCEV)LONGER DRIVING RANGE AND BETTER ENVIRONMENTAL SUSTAINABILITY THAN BEVS TO DRIVE MARKET
-
8.5 PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV)GOVERNMENT SUBSIDIES TO DRIVE MARKET
- 8.6 HYBRID ELECTRIC VEHICLE (HEV)
- 8.7 KEY PRIMARY INSIGHTS
- 9.1 INTRODUCTION
- 9.2 OPERATIONAL DATA
-
9.3 FRONT WHEEL DRIVE (FWD)LOW MANUFACTURING COST TO DRIVE MARKET
-
9.4 REAR WHEEL DRIVE (RWD)INCREASING ADOPTION IN SPORTS AND LUXURY SEGMENTS TO DRIVE MARKET
-
9.5 ALL WHEEL DRIVE (AWD)HIGHER TRACTION AND PERFORMANCE TO DRIVE MARKET
- 9.6 KEY PRIMARY INSIGHTS
- 10.1 INTRODUCTION
- 10.2 OPERATIONAL DATA
-
10.3 LOW-PRICEDGROWING DEMAND FOR AFFORDABLE EVS DUE TO UPCOMING STRINGENT LAWS TO DRIVE MARKET
-
10.4 MID-PRICEDREDUCING BATTERY PRICES TO DRIVE MARKET
-
10.5 LUXURYINCREASING DEMAND FOR LOW-EMISSION LUXURY VEHICLES TO DRIVE MARKET
- 10.6 KEY PRIMARY INSIGHTS
- 11.1 INTRODUCTION
- 11.2 OPERATIONAL DATA
-
11.3 <125 MPHGROWING DEMAND FOR LOW-COST EVS TO DRIVE MARKET
-
11.4 >125 MPHDEMAND FOR HIGH-PERFORMANCE EVS TO DRIVE MARKET
- 11.5 KEY PRIMARY INSIGHTS
- 12.1 INTRODUCTION
- 12.2 OPERATIONAL DATA
-
12.3 AC (NORMAL CHARGING)AFFORDABILITY AND CONVENIENCE OF NORMAL CHARGERS TO DRIVE MARKET
-
12.4 DC (SUPER CHARGING)HEAVY INVESTMENT IN SUPER CHARGING NETWORK BY OEMS AND CHARGING PROVIDERS TO DRIVE MARKET
- 12.5 INDUCTIVE CHARGING
- 12.6 KEY PRIMARY INSIGHTS
- 13.1 INTRODUCTION
- 13.2 V2B OR V2I
- 13.3 V2G
- 13.4 V2V
- 13.5 V2X
- 14.1 INTRODUCTION
- 14.2 OPERATIONAL DATA
- 14.3 PRIVATE
- 14.4 COMMERCIAL FLEETS
- 15.1 INTRODUCTION
-
15.2 ASIA PACIFICCHINA- Efforts by domestic automakers to drive marketINDIA- Plans for 30% EV sales by 2030 and government support to drive marketJAPAN- Advanced EV charging infrastructure to drive marketSOUTH KOREA- Government incentives to promote EV demand to drive marketTHAILAND- Government incentives and 2030 target to drive marketINDONESIA- Plans to create EV battery developing hub to drive marketMALAYSIA- Government plans for subsidies to drive marketVIETNAM- Vinfast EV expansion to drive market
-
15.3 EUROPEFRANCE- Automakers’ plans for rapid electrification to drive marketGERMANY- Government and OEM plans for rapid EV shift to drive marketNETHERLANDS- Early EV adoption and plans for ICE vehicle ban by 2030 to drive marketNORWAY- Plans for ICE vehicle ban by 2025 to drive marketSWEDEN- Incentive and subsidy plans to drive marketUK- Heavy investments in EV ecosystem to drive marketDENMARK- Promotion of private EV infrastructure to drive marketAUSTRIA- Rapid transition to zero-emission vehicles to drive marketSWITZERLAND- Government’s focus on expansion of EV charging infrastructure to drive marketSPAIN- Increasing investments in EV space to drive market
-
15.4 NORTH AMERICACANADA- Increasing development of EV infrastructure to drive marketUS- Huge investments and government focus on cleaner mobility to drive market
-
15.5 MIDDLE EAST & AFRICAUAE- Government support to drive marketEGYPT- Growth of EV infrastructure to drive marketSOUTH AFRICA- Increasing EV imports and popularization of EV charging stations to drive market
- 16.1 OVERVIEW
- 16.2 MARKET SHARE ANALYSIS
- 16.3 REVENUE ANALYSIS
-
16.4 COMPETITIVE SCENARIOPRODUCT LAUNCHESDEALSEXPANSIONS
-
16.5 COMPANY EVALUATION MATRIX (KEY PLAYERS)STARSEMERGING LEADERSPERVASIVE PLAYERSPARTICIPANTSCOMPANY FOOTPRINT
-
16.6 COMPETITIVE EVALUATION MATRIXPROGRESSIVE COMPANIESRESPONSIVE COMPANIESDYNAMIC COMPANIESSTARTING BLOCKSCOMPETITIVE BENCHMARKING
-
17.1 KEY PLAYERSTESLA- Business overview- Recent developments- MnM ViewVOLKSWAGEN AG- Business overview- Recent developments- MnM ViewSAIC MOTORS- Business overview- Recent developments- MnM ViewBYD- Business overview- Recent developments- MnM ViewSTELLANTIS- Business overview- Recent developments- MnM ViewBMW GROUP- Business overview- Recent developmentsNISSAN MOTORS- Business overview- Recent developmentsHYUNDAI GROUP- Business overview- Recent developmentsGREAT WALL MOTORS- Business overview- Recent developmentsTOYOTA MOTOR CORPORATION- Business overview- Recent developmentsGAC MOTORS- Business overview- Recent developmentsGEELY- Business overview- Recent developments
-
17.2 OTHER KEY PLAYERSGENERAL MOTORSRENAULTFISKERLUCID MOTORSFORD MOTOR COMPANYBAIC MOTORSMITSUBISHI MOTORSCHERYJACZOYTEDAIMLER AG
-
17.3 KEY STARTUPSXPENGBYTONNIKOLA CORPORATIONALTCRAFT MOTOR COMPANYNIOFARADAY FUTURELEAP MOTORSWM MOTORSFRESCO MOTORSLORDSTOWN MOTORS
- 18.1 ASIA PACIFIC TO BE MOST LUCRATIVE MARKET FOR EVS
- 18.2 TECHNOLOGICAL ADVANCEMENTS TO HELP IN GROWTH OF BEV MARKET
- 18.3 COMMERCIAL EV SEGMENT TO GROW AT FAST RATE
- 18.4 CONCLUSION
- 19.1 KEY INSIGHTS OF INDUSTRY EXPERTS
- 19.2 DISCUSSION GUIDE
- 19.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
- 19.4 CUSTOMIZATION OPTIONS
- 19.5 RELATED REPORTS
- 19.6 AUTHOR DETAILS
- TABLE 1 ELECTRIC VEHICLE MARKET DEFINITION, BY PROPULSION
- TABLE 2 MARKET DEFINITION, BY VEHICLE TYPE
- TABLE 3 MARKET DEFINITION, BY VEHICLE DRIVE TYPE
- TABLE 4 MARKET DEFINITION, BY VEHICLE CLASS
- TABLE 5 MARKET DEFINITION, BY VEHICLE CONNECTIVITY
- TABLE 6 MARKET DEFINITION, BY CHARGING POINT TYPE
- TABLE 7 MARKET DEFINITION, BY COMPONENT
- TABLE 8 MARKET DEFINITION, BY VEHICLE TOP SPEED
- TABLE 9 MARKET DEFINITION, BY END USE
- TABLE 10 MARKET: INCLUSIONS AND EXCLUSIONS
- TABLE 11 CURRENCY EXCHANGE RATES
- TABLE 12 PRIVATE, SEMI-PUBLIC, AND PUBLIC CHARGING
- TABLE 13 ELECTRIC CAR PERFORMANCE COMPARISON
- TABLE 14 ELECTRIC FLEET COMMITMENTS BY LEADING COMPANIES
- TABLE 15 MARKET: IMPACT OF MARKET DYNAMICS
- TABLE 16 NEW AND UPCOMING ELECTRIC VEHICLE MODELS, 2023–2026
- TABLE 17 PRICES OF ELECTRIC VEHICLE AND ICE MODELS IN US (2022)
- TABLE 18 MARKET: OEM TARGETS AND INVESTMENTS
- TABLE 19 MARKET: ROLE OF COMPANIES IN ECOSYSTEM
- TABLE 20 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 2 VEHICLE TYPES (%)
- TABLE 21 MARKET: PRICING OF POPULAR BEVS (US)
- TABLE 22 MARKET: PRICING OF POPULAR PHEVS (US)
- TABLE 23 AVERAGE EV COST FORECAST
- TABLE 24 ELECTRIC VEHICLE MARKET: KEY CONFERENCES AND EVENTS
- TABLE 25 IMPORTANT PATENT REGISTRATIONS RELATED TO MARKET
- TABLE 26 TRADE DATA FOR MOTOR VEHICLES IN 2022 (HS 8703)
- TABLE 27 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- TABLE 28 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- TABLE 29 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- TABLE 30 NETHERLANDS: ELECTRIC VEHICLE INCENTIVES
- TABLE 31 NETHERLANDS: ELECTRIC VEHICLE CHARGING STATION INCENTIVES
- TABLE 32 GERMANY: ELECTRIC VEHICLE INCENTIVES
- TABLE 33 GERMANY: ELECTRIC VEHICLE CHARGING STATION INCENTIVES
- TABLE 34 FRANCE: ELECTRIC VEHICLE INCENTIVES
- TABLE 35 FRANCE: ELECTRIC VEHICLE CHARGING STATION INCENTIVES
- TABLE 36 UK: ELECTRIC VEHICLE INCENTIVES
- TABLE 37 UK: ELECTRIC VEHICLE CHARGING STATION INCENTIVES
- TABLE 38 CHINA: ELECTRIC VEHICLE INCENTIVES
- TABLE 39 CHINA: ELECTRIC VEHICLE CHARGING STATION INCENTIVES
- TABLE 40 US: ELECTRIC VEHICLE INCENTIVES
- TABLE 41 US: ELECTRIC VEHICLE CHARGING STATION INCENTIVES
- TABLE 42 ELECTRIC VEHICLE MARKET (MOST LIKELY), BY REGION, 2023–2030 (USD MILLION)
- TABLE 43 MARKET (OPTIMISTIC), BY REGION, 2023–2030 (USD MILLION)
- TABLE 44 MARKET (PESSIMISTIC), BY REGION, 2023–2030 (USD MILLION)
- TABLE 45 BATTERY CELL AND PACK SUPPLIER DATA
- TABLE 46 ONBOARD CHARGER SUPPLIER DATA
- TABLE 47 MOTOR SUPPLIER DATA
- TABLE 48 DC-DC CONVERTER SUPPLIER DATA
- TABLE 49 INVERTER SUPPLIER DATA
- TABLE 50 BATTERY MANAGEMENT SYSTEM SUPPLIER DATA
- TABLE 51 MARKET, BY VEHICLE TYPE, 2019–2022 (THOUSAND UNITS)
- TABLE 52 ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2023–2030 (THOUSAND UNITS)
- TABLE 53 POPULAR ELECTRIC VEHICLES WORLDWIDE
- TABLE 54 UPCOMING ELECTRIC CAR MODELS
- TABLE 55 UPCOMING ELECTRIC COMMERCIAL VEHICLES
- TABLE 56 ELECTRIC PASSENGER CAR MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
- TABLE 57 ELECTRIC PASSENGER CAR MARKET, BY REGION, 2023–2030 (THOUSAND UNITS)
- TABLE 58 ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
- TABLE 59 ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2023–2030 (THOUSAND UNITS)
- TABLE 60 MARKET, BY PROPULSION, 2019–2022 (THOUSAND UNITS)
- TABLE 61 MARKET, BY PROPULSION, 2023–2030 (THOUSAND UNITS)
- TABLE 62 BESTSELLING ELECTRIC VEHICLES IN 2022
- TABLE 63 BATTERY ELECTRIC VEHICLE MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
- TABLE 64 BATTERY ELECTRIC VEHICLE MARKET, BY REGION, 2023–2030 (THOUSAND UNITS)
- TABLE 65 FUEL CELL ELECTRIC VEHICLE MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
- TABLE 66 FUEL CELL ELECTRIC VEHICLE MARKET, BY REGION, 2023–2030 (THOUSAND UNITS)
- TABLE 67 PLUG-IN HYBRID ELECTRIC VEHICLE MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
- TABLE 68 PLUG-IN HYBRID ELECTRIC VEHICLE MARKET, BY REGION, 2023–2030 (THOUSAND UNITS)
- TABLE 69 MARKET, BY VEHICLE DRIVE TYPE, 2019–2022 (THOUSAND UNITS)
- TABLE 70 MARKET, BY VEHICLE DRIVE TYPE, 2023–2030 (THOUSAND UNITS)
- TABLE 71 POPULAR BATTERY ELECTRIC VEHICLES WORLDWIDE, BY DRIVE TYPE
- TABLE 72 POPULAR PLUG-IN HYBRID ELECTRIC VEHICLES WORLDWIDE, BY DRIVE TYPE
- TABLE 73 ELECTRIC FWD VEHICLE MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
- TABLE 74 ELECTRIC FWD VEHICLE MARKET, BY REGION, 2023–2030 (THOUSAND UNITS)
- TABLE 75 ELECTRIC RWD VEHICLE MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
- TABLE 76 ELECTRIC RWD VEHICLE MARKET, BY REGION, 2023–2030 (THOUSAND UNITS)
- TABLE 77 ELECTRIC AWD VEHICLE MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
- TABLE 78 ELECTRIC AWD VEHICLE MARKET, BY REGION, 2023–2030 (THOUSAND UNITS)
- TABLE 79 MARKET, BY VEHICLE CLASS, 2019–2022 (THOUSAND UNITS)
- TABLE 80 ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS, 2023–2030 (THOUSAND UNITS)
- TABLE 81 POPULAR ELECTRIC VEHICLES WORLDWIDE, BY VEHICLE CLASS
- TABLE 82 ELECTRIC LOW-PRICED VEHICLE MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
- TABLE 83 ELECTRIC LOW -PRICED VEHICLE MARKET, BY REGION, 2023–2030 (THOUSAND UNITS)
- TABLE 84 ELECTRIC MID-PRICED VEHICLE MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
- TABLE 85 ELECTRIC MID-PRICED VEHICLE MARKET, BY REGION, 2023–2030 (THOUSAND UNITS)
- TABLE 86 ELECTRIC LUXURY VEHICLE MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
- TABLE 87 ELECTRIC LUXURY VEHICLE MARKET, BY REGION, 2023–2030 (THOUSAND UNITS)
- TABLE 88 MARKET, BY VEHICLE TOP SPEED, 2019–2022 (THOUSAND UNITS)
- TABLE 89 MARKET, BY VEHICLE TOP SPEED, 2023–2030 (THOUSAND UNITS)
- TABLE 90 POPULAR AND UPCOMING EVS WORLDWIDE, BY VEHICLE TOP SPEED
- TABLE 91 <125 MPH ELECTRIC VEHICLE MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
- TABLE 92 <125 MPH MARKET, BY REGION, 2023–2030 (THOUSAND UNITS)
- TABLE 93 >125 MPH MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
- TABLE 94 >125 MPH MARKET, BY REGION, 2023–2030 (THOUSAND UNITS)
- TABLE 95 MARKET, BY CHARGING POINT TYPE, 2019–2022 (THOUSAND UNITS)
- TABLE 96 MARKET, BY CHARGING POINT TYPE, 2023–2027 (THOUSAND UNITS)
- TABLE 97 LEADING GLOBAL ELECTRIC VEHICLE CHARGING PROVIDERS
- TABLE 98 MARKET FOR AC (NORMAL CHARGING), BY REGION, 2019–2022 (THOUSAND UNITS)
- TABLE 99 MARKET FOR AC (NORMAL CHARGING), BY REGION, 2023–2027 (THOUSAND UNITS)
- TABLE 100 MARKET FOR DC (SUPER CHARGING), BY REGION, 2019–2022 (THOUSAND UNITS)
- TABLE 101 ELECTRIC VEHICLE MARKET FOR DC (SUPER CHARGING), BY REGION, 2023–2027 (THOUSAND UNITS)
- TABLE 102 ELECTRIC VEHICLE FLEET TARGETS WORLDWIDE
- TABLE 103 ELECTRIC VEHICLES IN USE FOR COMMERCIAL FLEETS
- TABLE 104 COMPANIES WORKING IN COMMERCIAL VEHICLE FLEET SEGMENTS
- TABLE 105 MARKET, BY REGION, 2019–2022 (USD MILLION)
- TABLE 106 MARKET, BY REGION, 2023–2030 (USD MILLION)
- TABLE 107 MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
- TABLE 108 MARKET, BY REGION, 2023–2030 (THOUSAND UNITS)
- TABLE 109 ELECTRIC PASSENGER CAR MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
- TABLE 110 ELECTRIC PASSENGER CAR MARKET, BY REGION, 2023–2030 (THOUSAND UNITS)
- TABLE 111 ASIA PACIFIC: ELECTRIC VEHICLE MARKET, BY COUNTRY, 2019–2022 (THOUSAND UNITS)
- TABLE 112 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2030 (THOUSAND UNITS)
- TABLE 113 BESTSELLING ELECTRIC VEHICLES IN CHINA, 2022
- TABLE 114 CHINA: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2019–2022 (THOUSAND UNITS)
- TABLE 115 CHINA: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2023–2030 (THOUSAND UNITS)
- TABLE 116 BESTSELLING ELECTRIC VEHICLES IN INDIA, 2022
- TABLE 117 INDIA: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2019–2022 (THOUSAND UNITS)
- TABLE 118 INDIA: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2023–2030 (THOUSAND UNITS)
- TABLE 119 JAPAN: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2019–2022 (THOUSAND UNITS)
- TABLE 120 JAPAN: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2023–2030 (THOUSAND UNITS)
- TABLE 121 SOUTH KOREA: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2019–2022 (THOUSAND UNITS)
- TABLE 122 SOUTH KOREA: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2023–2030 (THOUSAND UNITS)
- TABLE 123 ELECTRIC VEHICLES SOLD IN THAILAND AS OF 2022
- TABLE 124 THAILAND: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2019–2022 (THOUSAND UNITS)
- TABLE 125 THAILAND: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2023–2030 (THOUSAND UNITS)
- TABLE 126 INDONESIA: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2019–2022 (THOUSAND UNITS)
- TABLE 127 INDONESIA: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2023–2030 (THOUSAND UNITS)
- TABLE 128 MALAYSIA: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2019–2022 (THOUSAND UNITS)
- TABLE 129 MALAYSIA: PASSENGER CAR EV MARKET, BY PROPULSION, 2023–2030 (THOUSAND UNITS)
- TABLE 130 VIETNAM: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2019–2022 (THOUSAND UNITS)
- TABLE 131 VIETNAM: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2023–2030 (THOUSAND UNITS)
- TABLE 132 EUROPE: ELECTRIC PASSENGER CAR MARKET, BY COUNTRY, 2019–2022 (THOUSAND UNITS)
- TABLE 133 EUROPE: ELECTRIC PASSENGER CAR MARKET, BY COUNTRY, 2023–2030 (THOUSAND UNITS)
- TABLE 134 BESTSELLING ELECTRIC VEHICLE MODELS IN FRANCE, 2022
- TABLE 135 FRANCE: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2019–2022 (THOUSAND UNITS)
- TABLE 136 FRANCE: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2023–2030 (THOUSAND UNITS)
- TABLE 137 BESTSELLING ELECTRIC VEHICLES IN GERMANY, 2022
- TABLE 138 GERMANY: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2019–2022 (THOUSAND UNITS)
- TABLE 139 GERMANY: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2023–2030 (THOUSAND UNITS)
- TABLE 140 BESTSELLING ELECTRIC VEHICLES IN NETHERLANDS, 2022
- TABLE 141 NETHERLANDS: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2019–2022 (THOUSAND UNITS)
- TABLE 142 NETHERLANDS: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2023–2030 (THOUSAND UNITS)
- TABLE 143 BESTSELLING ELECTRIC VEHICLES IN NORWAY, 2022
- TABLE 144 NORWAY: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2019–2022 (THOUSAND UNITS)
- TABLE 145 NORWAY: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2023–2030 (THOUSAND UNITS)
- TABLE 146 SWEDEN: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2019–2022 (THOUSAND UNITS)
- TABLE 147 SWEDEN: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2023–2030 (THOUSAND UNITS)
- TABLE 148 BESTSELLING ELECTRIC VEHICLES IN UK, 2022
- TABLE 149 UK: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2019–2022 (THOUSAND UNITS)
- TABLE 150 UK: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2023–2030 (THOUSAND UNITS)
- TABLE 151 DENMARK: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2019–2022 (THOUSAND UNITS)
- TABLE 152 DENMARK: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2023–2030 (THOUSAND UNITS)
- TABLE 153 BESTSELLING ELECTRIC VEHICLES IN AUSTRIA, 2022
- TABLE 154 AUSTRIA: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2019–2022 (THOUSAND UNITS)
- TABLE 155 AUSTRIA: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2023–2030 (THOUSAND UNITS)
- TABLE 156 SWITZERLAND: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2019–2022 (THOUSAND UNITS)
- TABLE 157 SWITZERLAND: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2023–2030 (THOUSAND UNITS)
- TABLE 158 SPAIN: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2019–2022 (THOUSAND UNITS)
- TABLE 159 SPAIN: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2023–2030 (THOUSAND UNITS)
- TABLE 160 NORTH AMERICA: ELECTRIC PASSENGER CAR MARKET, BY COUNTRY, 2019–2022 (THOUSAND UNITS)
- TABLE 161 NORTH AMERICA: ELECTRIC PASSENGER CAR MARKET, BY COUNTRY, 2023–2030 (THOUSAND UNITS)
- TABLE 162 CANADA: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2019–2022 (THOUSAND UNITS)
- TABLE 163 CANADA: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2023–2030 (THOUSAND UNITS)
- TABLE 164 BESTSELLING ELECTRIC VEHICLES IN US, 2022
- TABLE 165 US: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2019–2022 (THOUSAND UNITS)
- TABLE 166 US: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2023–2030 (THOUSAND UNITS)
- TABLE 167 MIDDLE EAST & AFRICA: ELECTRIC PASSENGER CAR MARKET, BY COUNTRY, 2019–2022 (THOUSAND UNITS)
- TABLE 168 MIDDLE EAST & AFRICA: ELECTRIC PASSENGER CAR MARKET, BY COUNTRY, 2023–2030 (THOUSAND UNITS)
- TABLE 169 UAE: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2019–2022 (THOUSAND UNITS)
- TABLE 170 UAE: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2023–2030 (THOUSAND UNITS)
- TABLE 171 EGYPT: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2019–2022 (THOUSAND UNITS)
- TABLE 172 EGYPT: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2023–2030 (THOUSAND UNITS)
- TABLE 173 SOUTH AFRICA: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2019–2022 (THOUSAND UNITS)
- TABLE 174 SOUTH AFRICA: ELECTRIC PASSENGER CAR MARKET, BY PROPULSION, 2023–2030 (THOUSAND UNITS)
- TABLE 175 DEGREE OF COMPETITION
- TABLE 176 ELECTRIC VEHICLE MARKET: PRODUCT LAUNCHES, JANUARY 2022–JUNE 2023
- TABLE 177 MARKET: DEALS, JANUARY 2022–JUNE 2023
- TABLE 178 MARKET: EXPANSIONS, MARCH 2022–APRIL 2023
- TABLE 179 MARKET: COMPANY FOOTPRINT, 2023
- TABLE 180 MARKET: VEHICLE TYPE FOOTPRINT, 2023
- TABLE 181 MARKET: REGIONAL FOOTPRINT, 2023
- TABLE 182 MARKET: KEY STARTUPS
- TABLE 183 TESLA: COMPANY OVERVIEW
- TABLE 184 TESLA: PRODUCTS OFFERED
- TABLE 185 TESLA: PRODUCT LAUNCHES
- TABLE 186 TESLA: DEALS
- TABLE 187 TESLA: OTHERS
- TABLE 188 VOLKSWAGEN AG: COMPANY OVERVIEW
- TABLE 189 VOLKSWAGEN AG: PRODUCTS OFFERED
- TABLE 190 VOLKSWAGEN AG: PRODUCT LAUNCHES
- TABLE 191 VOLKSWAGEN AG: DEALS
- TABLE 192 VOLKSWAGEN AG: OTHERS
- TABLE 193 SAIC MOTORS: COMPANY OVERVIEW
- TABLE 194 SAIC MOTORS: PRODUCTS OFFERED
- TABLE 195 SAIC MOTORS: PRODUCT LAUNCHES
- TABLE 196 SAIC MOTORS: DEALS
- TABLE 197 SAIC MOTORS: OTHERS
- TABLE 198 BYD: COMPANY OVERVIEW
- TABLE 199 BYD: PRODUCTS OFFERED
- TABLE 200 BYD: PRODUCT LAUNCHES
- TABLE 201 BYD: DEALS
- TABLE 202 BYD: OTHERS
- TABLE 203 STELLANTIS: COMPANY OVERVIEW
- TABLE 204 STELLANTIS: PRODUCTS OFFERED
- TABLE 205 STELLANTIS: PRODUCT LAUNCHES
- TABLE 206 STELLANTIS: DEALS
- TABLE 207 STELLANTIS: OTHERS
- TABLE 208 BMW GROUP: COMPANY OVERVIEW
- TABLE 209 BMW GROUP: PRODUCTS OFFERED
- TABLE 210 BMW GROUP: PRODUCT LAUNCHES
- TABLE 211 BMW GROUP: DEALS
- TABLE 212 BMW GROUP: OTHERS
- TABLE 213 NISSAN MOTORS: COMPANY OVERVIEW
- TABLE 214 NISSAN MOTORS: PRODUCTS OFFERED
- TABLE 215 NISSAN MOTORS: PRODUCT LAUNCHES
- TABLE 216 NISSAN MOTORS: DEALS
- TABLE 217 NISSAN MOTORS: OTHERS
- TABLE 218 HYUNDAI GROUP: COMPANY OVERVIEW
- TABLE 219 HYUNDAI GROUP: PRODUCTS OFFERED
- TABLE 220 HYUNDAI GROUP: PRODUCT LAUNCHES
- TABLE 221 HYUNDAI GROUP: DEALS
- TABLE 222 HYUNDAI GROUP: OTHERS
- TABLE 223 GREAT WALL MOTORS: COMPANY OVERVIEW
- TABLE 224 GREAT WALL MOTORS: PRODUCTS OFFERED
- TABLE 225 GREAT WALL MOTORS: PRODUCT LAUNCHES
- TABLE 226 GREAT WALL MOTORS: DEALS
- TABLE 227 GREAT WALL MOTORS: OTHERS
- TABLE 228 TOYOTA MOTOR CORPORATION: COMPANY OVERVIEW
- TABLE 229 TOYOTA MOTOR CORPORATION: PRODUCTS OFFERED
- TABLE 230 TOYOTA MOTOR CORPORATION: PRODUCT LAUNCHES
- TABLE 231 TOYOTA MOTOR CORPORATION: DEALS
- TABLE 232 TOYOTA MOTOR CORPORATION: OTHERS
- TABLE 233 GAC MOTORS: COMPANY OVERVIEW
- TABLE 234 GAC MOTORS: PRODUCTS OFFERED
- TABLE 235 GAC MOTORS: PRODUCT LAUNCHES
- TABLE 236 GAC MOTORS: DEALS
- TABLE 237 GAC MOTORS: OTHERS
- TABLE 238 GEELY: COMPANY OVERVIEW
- TABLE 239 GEELY: PRODUCTS OFFERED
- TABLE 240 GEELY: PRODUCT LAUNCHES
- TABLE 241 GEELY: DEALS
- TABLE 242 GEELY: OTHERS
- TABLE 243 GENERAL MOTORS: COMPANY OVERVIEW
- TABLE 244 RENAULT: COMPANY OVERVIEW
- TABLE 245 FISKER: COMPANY OVERVIEW
- TABLE 246 LUCID MOTORS: COMPANY OVERVIEW
- TABLE 247 FORD MOTOR COMPANY: COMPANY OVERVIEW
- TABLE 248 BAIC MOTORS: COMPANY OVERVIEW
- TABLE 249 MITSUBISHI MOTORS: COMPANY OVERVIEW
- TABLE 250 CHERY: COMPANY OVERVIEW
- TABLE 251 JAC: COMPANY OVERVIEW
- TABLE 252 ZOYTE: COMPANY OVERVIEW
- TABLE 253 DAIMLER AG: COMPANY OVERVIEW
- TABLE 254 XPENG: COMPANY OVERVIEW
- TABLE 255 BYTON: COMPANY OVERVIEW
- TABLE 256 NIKOLA CORPORATION: COMPANY OVERVIEW
- TABLE 257 ALTCRAFT MOTOR COMPANY: COMPANY OVERVIEW
- TABLE 258 NIO: COMPANY OVERVIEW
- TABLE 259 FARADAY FUTURE: COMPANY OVERVIEW
- TABLE 260 LEAP MOTORS: COMPANY OVERVIEW
- TABLE 261 WM MOTORS: COMPANY OVERVIEW
- TABLE 262 FRESCO MOTORS: COMPANY OVERVIEW
- TABLE 263 LORDSTOWN MOTORS: COMPANY OVERVIEW
- FIGURE 1 ELECTRIC VEHICLE MARKET SEGMENTATION
- FIGURE 2 MARKET: RESEARCH DESIGN
- FIGURE 3 RESEARCH DESIGN MODEL
- FIGURE 4 KEY INDUSTRY INSIGHTS
- FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS
- FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
- FIGURE 7 MARKET: BOTTOM-UP APPROACH
- FIGURE 8 MARKET: TOP-DOWN APPROACH
- FIGURE 9 MARKET ESTIMATION NOTES
- FIGURE 10 DATA TRIANGULATION METHODOLOGY
- FIGURE 11 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES
- FIGURE 12 ELECTRIC VEHICLE MARKET OVERVIEW
- FIGURE 13 MARKET, BY REGION, 2022–2030 (THOUSAND UNITS)
- FIGURE 14 MARKET PERFORMANCE IN 2022
- FIGURE 15 BEV TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
- FIGURE 16 GOVERNMENT INITIATIVES FOR PROMOTING LOW-EMISSION TRANSPORT TO DRIVE MARKET
- FIGURE 17 DC (SUPER CHARGING) TO BE DOMINANT SEGMENT OF MARKET DURING FORECAST PERIOD
- FIGURE 18 COMMERCIAL VEHICLE SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
- FIGURE 19 MID-PRICED SEGMENT TO WITNESS FASTEST GROWTH DURING FORECAST PERIOD
- FIGURE 20 FCEV SEGMENT TO GROW AT FASTEST RATE DURING FORECAST PERIOD
- FIGURE 21 >125 MPH SEGMENT TO GROW AT FASTER RATE DURING FORECAST PERIOD
- FIGURE 22 AWD SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
- FIGURE 23 ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE OF MARKET IN 2023
- FIGURE 24 ELECTRIC VEHICLE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
- FIGURE 25 ELECTRIC VEHICLE BATTERY PRICING ANALYSIS
- FIGURE 26 ELECTRIC VEHICLE-RELATED POLICIES ACROSS MAJOR MARKETS
- FIGURE 27 ELECTRIFICATION TARGETS BY COUNTRIES
- FIGURE 28 TIME REQUIRED TO CHARGE ELECTRIC VEHICLES
- FIGURE 29 AVERAGE PETROL PRICES WORLDWIDE
- FIGURE 30 COMPARISON OF OPERATING COST OF ELECTRIC VEHICLES AND ICE VEHICLES
- FIGURE 31 COMPARISON OF EMISSIONS OF ELECTRIC VEHICLES AND GASOLINE VEHICLES
- FIGURE 32 FUEL STATION AVERAGE PRICE COMPARISON
- FIGURE 33 COUNTRY-WISE COMPARISON OF ELECTRIC VEHICLE CHARGER DENSITY
- FIGURE 34 ELECTRIC PASSENGER CAR SALES GROWTH
- FIGURE 35 WORKING OF WIRELESS ELECTRIC VEHICLE CHARGING
- FIGURE 36 GROWING DEMAND FOR ELECTRIC PASSENGER CARS IN FLEETS
- FIGURE 37 COST COMPARISON OF ELECTRIC AND ICE VEHICLES
- FIGURE 38 ELECTRIC VEHICLE CHARGERS USED WORLDWIDE
- FIGURE 39 LITHIUM-ION DEMAND AND SUPPLY
- FIGURE 40 GRID REQUIREMENT FOR ELECTRIC VEHICLES IN GERMANY BY 2030
- FIGURE 41 5-YEAR TCO BREAKDOWN (US)
- FIGURE 42 COMPARISON OF BILL OF MATERIALS OF ICE AND ELECTRIC VEHICLES, 2023 VS. 2030
- FIGURE 43 TOP-SELLING ELECTRIC VEHICLES IN DECEMBER 2022 WORLDWIDE
- FIGURE 44 ELECTRIC VEHICLE MARKET: CURRENT STATE OF TARGET COMPLETION
- FIGURE 45 MARKET: ECOSYSTEM ANALYSIS
- FIGURE 46 MARKET: SUPPLY CHAIN ANALYSIS
- FIGURE 47 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 2 VEHICLE TYPES
- FIGURE 48 KEY BUYING CRITERIA FOR PASSENGER CARS
- FIGURE 49 KEY BUYING CRITERIA FOR COMMERCIAL VEHICLES
- FIGURE 50 PARTS OF V2X
- FIGURE 51 SMART EV CHARGING SYSTEM
- FIGURE 52 TOYOTA’S NEW PACKAGED FUEL CELL SYSTEM MODULE
- FIGURE 53 DIRECT BOROHYDRIDE FUEL CELL WORKING
- FIGURE 54 PUBLICATION TRENDS (2013–2023)
- FIGURE 55 ELECTRIC VEHICLE PATENTS: TREND ANALYSIS
- FIGURE 56 MARKET: TRENDS AND DISRUPTIONS
- FIGURE 57 ELECTRIC VEHICLE MARKET: FUTURE TRENDS & SCENARIOS, 2023–2030 (USD MILLION)
- FIGURE 58 COMMERCIAL VEHICLE SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD (2023–2030)
- FIGURE 59 ELECTRIC VEHICLE COMPARISON BY PROPULSION
- FIGURE 60 FCEV SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
- FIGURE 61 COMPARISON OF ELECTRIC VEHICLE DRIVE TYPES
- FIGURE 62 AWD SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
- FIGURE 63 MID-PRICED SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
- FIGURE 64 TOP SPEED COMPARISON ELECTRIC VEHICLES VS. ICE VEHICLES
- FIGURE 65 >125 MPH SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
- FIGURE 66 DC (SUPER CHARGING) SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
- FIGURE 67 INDUCTIVE ELECTRIC VEHICLE CHARGING
- FIGURE 68 SIGNIFICANCE OF V2X IN ELECTRIC VEHICLE MARKET
- FIGURE 69 MARKET: FACTORS IMPACTING V2X
- FIGURE 70 GROWING ELECTRIC VEHICLE SHIFT AS OF 2022
- FIGURE 71 ELECTRIC VEHICLE PLANS AND INVESTMENTS BY TOP OEMS
- FIGURE 72 PARTNERSHIP OF ELECTRIC VEHICLE OEMS WITH BATTERY MANUFACTURERS
- FIGURE 73 ASIA PACIFIC TO BE LARGEST MARKET DURING FORECAST PERIOD
- FIGURE 74 ASIA PACIFIC: ELECTRIC VEHICLE MARKET SNAPSHOT
- FIGURE 75 ELECTRIC VEHICLE MOBILITY LANDSCAPE IN CHINA
- FIGURE 76 INCENTIVE AND REGULATORY LANDSCAPE FOR ELECTRIC VEHICLES IN INDIA
- FIGURE 77 NEW ELECTRIC VEHICLE SUBSIDY IN SOUTH KOREA
- FIGURE 78 INDONESIA: NICKEL RESERVES
- FIGURE 79 OEMS’ ELECTRIC VEHICLE SALES IN EUROPE
- FIGURE 80 GERMANY TO LEAD MARKET IN EUROPE DURING FORECAST PERIOD
- FIGURE 81 GERMANY: ELECTRIC VEHICLE ROADMAP
- FIGURE 82 UK: ELECTRIC VEHICLE ROADMAP
- FIGURE 83 NORTH AMERICA: ELECTRIC VEHICLE BATTERY INITIATIVES
- FIGURE 84 NORTH AMERICA: MARKET SNAPSHOT
- FIGURE 85 US: MARKET
- FIGURE 86 EGYPT TO BE FASTEST-GROWING MARKET IN MIDDLE EAST & AFRICA
- FIGURE 87 ELECTRIC VEHICLE MARKET SHARE ANALYSIS, 2023
- FIGURE 88 MARKET REVENUE ANALYSIS, 2022
- FIGURE 89 MARKET: COMPANY EVALUATION MATRIX, 2023
- FIGURE 90 MARKET: COMPANY (OTHER PLAYERS) EVALUATION MATRIX, 2023
- FIGURE 91 MARKET: STARTUP EVALUATION MATRIX, 2023
- FIGURE 92 TESLA: COMPANY SNAPSHOT
- FIGURE 93 VOLKSWAGEN AG: COMPANY SNAPSHOT
- FIGURE 94 VOLKSWAGEN AG: FUTURE PLANS
- FIGURE 95 SAIC MOTORS: COMPANY SNAPSHOT
- FIGURE 96 BYD: COMPANY SNAPSHOT
- FIGURE 97 BYD: GLOBAL PRESENCE
- FIGURE 98 STELLANTIS: COMPANY SNAPSHOT
- FIGURE 99 STELLANTIS: ELECTRIFICATION PLANS
- FIGURE 100 BMW GROUP: COMPANY SNAPSHOT
- FIGURE 101 BMW GROUP: EV PLANS
- FIGURE 102 NISSAN MOTORS: COMPANY SNAPSHOT
- FIGURE 103 NISSAN MOTORS: EVS SOLD BY COUNTRY (BY NISSAN MOTORS AND ITS PARTNERS)
- FIGURE 104 HYUNDAI GROUP: COMPANY SNAPSHOT
- FIGURE 105 GREAT WALL MOTORS: COMPANY SNAPSHOT
- FIGURE 106 GREAT WALL MOTORS: GLOBAL R&D NETWORK
- FIGURE 107 TOYOTA MOTOR CORPORATION: COMPANY SNAPSHOT
- FIGURE 108 TOYOTA MOTOR CORPORATION: BEV INVESTMENT
- FIGURE 109 GAC MOTORS: COMPANY SNAPSHOT
- FIGURE 110 GEELY: COMPANY SNAPSHOT
- FIGURE 111 GEELY: EV TARGETS
This research study involved the extensive use of secondary sources, such as company annual reports/presentations, industry association publications, automotive magazine articles, directories, technical handbooks, the World Economic Outlook, trade websites, technical articles, and databases, to identify and collect information on the Electric Vehicle market. In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts (SMEs), C-level executives of key market players (electric vehicle manufacturers and suppliers), and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess market prospects.
Secondary Research
In the secondary research process, various secondary sources were used to identify and collect information on the electric vehicle market for this study. Secondary sources include annual reports, press releases, and investor presentations of companies; whitepapers, certified publications, and articles from recognized authors; directories; databases; and articles from recognized associations and government publishing sources.
Primary Research
Extensive primary research was conducted after understanding the electric vehicle market scenario through secondary research. Several primary interviews were conducted with market experts from both demand-side vehicle manufacturers [(in terms of component supply) country-level government associations and trade associations] and supply-side OEMs and component manufacturers across three major regions, namely, North America, Europe, and Asia Pacific. Approximately 30% and 70% of primary interviews were conducted from the demand and supply sides, respectively. Primary data was collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in the report.
In the canvassing of primaries, various departments within organizations, such as sales, operations, and marketing, were covered to provide a holistic viewpoint in the report. After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from primaries. This, along with the opinions of in-house subject matter experts, led to the findings, as described in the remainder of this report.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
A detailed market estimation approach has been followed to estimate and validate the value of the global electric vehicle market and other dependent submarkets, as mentioned below:
- The market size has been derived by using parameters such as sales of electric vehicles.
- 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 share was 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.
The gathered market data was consolidated and added with detailed inputs, analyzed, and presented in this report.
To know about the assumptions considered for the study, Request for Free Sample Report
Data Triangulation
All percentage shares, splits, and breakdowns were determined using secondary sources and verified by primary sources. All parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets, and presented in the report. The following figure is an illustrative representation of the overall market size estimation process employed for this study.
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 four major types of EVs, namely, battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), hybrid electric vehicles (HEVs), and fuel cell electric vehicles (FCEVs)
List of Key Stakeholders
- Associations, Forums, and Alliances Related to EVs
- Automobile Manufacturers
- Battery Distributors
- Battery Manufacturers
- Charging Infrastructure Providers
- Charging Services Providers
- EV Charging Station Service Providers
- EV Component Manufacturers
- EV Distributors and Retailers
- EV Manufacturers
- Government Agencies and Policymakers
Report Objectives
- To segment and forecast the electric vehicle (EV) market in terms of volume (Thousand Units) and value (USD Million)
- To segment and forecast the market based on charging point type (AC (normal charging) and DC (super charging))
- To segment and forecast the market based on Propulsion [(Plug-in Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV), and Battery Electric Vehicle (BEV)]
- To segment and forecast the market based on vehicle type (passenger car and commercial vehicle)
- To segment and forecast the market based on vehicle class (low-priced, mid-priced, and luxury)
-
To segment and forecast the market based on vehicle top speed (<125 mph and
>125 mph) - To segment and forecast the market based on vehicle drive type (front-wheel drive (FWD), rear-wheel drive (RWD), and all-wheel drive (AWD)
- To segment and provide qualitative insights into the market based on vehicle connectivity (V2B or V2I, V2G, and V2V)
- To segment and forecast the market based on E/E Architecture (400V and 800V)
- To segment and forecast the market based on end use (private and commercial fleets)
- To provide qualitative insights on EV Components
- To segment the market and forecast its size, by volume, based on region (Asia Pacific, Europe, North America, and the Middle East & Africa)
- To analyze the technological developments impacting the market
- To analyze opportunities for stakeholders and the competitive landscape for market leaders
- To provide detailed information regarding the major factors influencing market growth (drivers, challenges, restraints, and opportunities)
- To strategically analyze markets with respect to individual growth trends, future prospects, and contribution to the total market
- To strategically profile key players and comprehensively analyze their market shares and core competencies
- To track and analyze competitive developments such as product developments, deals, and other activities carried out by 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 vehicle drive type at country-level (for countries covered in the report)
- Profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Electric Vehicle Market
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.
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.
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.