The Electric Vehicle Market is expected to be around US$ 802.81 Billion by 2027 at a CAGR of 22.6% in the given forecast period.
An electric vehicle works on electricity unlike its counterpart, which runs on fuel. Instead of internal combustion engine, these vehicles run on an electric motor that needs constant supply of energy from batteries. There is a variation of batteries used in these vehicles. These contain zinc-air, various nickel-based designs, lithium ion, and molten salt. Electric vehicles were primarily designed to swap conventional ways of travel as they lead to environmental pollution. Electric vehicles have increased popularity owing to many technological advancements. The electric vehicle outperforms the conventional vehicle providing higher fuel economy, low carbon emission & maintenance, convenience of charging at home, smoother drive, and reduced sound from engine. Electric vehicles usage one or more than one electric motors or traction motors for propulsion. The electric vehicles are powered either by a gatherer system through power from charged by self-charging devices or can be charging station deployments such as turbochargers and regenerative braking systems. Features such as development in demand for fuel-efficient, high-performance, and low-emission vehicles along with regulations and stringent government rules toward vehicle emission supplements the development of the electric vehicle market. Furthermore, features such as high manufacturing cost and low fuel economy and serviceability are the factors expected to hamper the development of the electric vehicle market.
The global Electric Vehicle market is segregated on the basis of Type as Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV), and Plug-in Hybrid Electric Vehicles (PHEV). Based on Vehicle Class the global Electric Vehicle market is segmented in Mid-Priced and Luxury. Based on Vehicle Type the global Electric Vehicle market is segmented in Two-wheelers, Passenger Cars, and Commercial Vehicles.
The global Electric Vehicle market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Electric Vehicle market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Tesla, BMW Group, Nissan Motor Corporation, Toyota Motor Corporation, Volkswagen AG, General Motors, Daimler AG, Energica Motor Company S.p.A., BYD Company Motors, Ford Motor Company, and others are among the major players in the global Electric Vehicle market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Electric Vehicle Market has been segmented as below:
Electric Vehicle Market, By Type
Electric Vehicle Market, By Vehicle Class
Electric Vehicle Market, By Vehicle Type
Electric Vehicle Market, By Region
Electric Vehicle Market, By Company
The report covers:
Report Scope:
The global Electric Vehicle market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Electric Vehicle market share. Major industry players with significant revenue share include Tesla, BMW Group, Nissan Motor Corporation, Toyota Motor Corporation, Volkswagen AG, General Motors, Daimler AG, Energica Motor Company S.p.A., BYD Company Motors, Ford Motor Company, and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Electric Vehicle Market, By Type
5.1. Key Points
5.2. Battery Electric Vehicles (BEV)
5.3. Hybrid Electric Vehicles (HEV)
5.4. Plug-in Hybrid Electric Vehicles (PHEV)
6. Electric Vehicle Market, By Vehicle Class
6.1. Key Points
6.2. Mid-Priced
6.3. Luxury
7. Electric Vehicle Market, By Vehicle Type
7.1. Key Points
7.2. Two-wheelers
7.3. Passenger Cars
7.4. Commercial Vehicles
8. Competitive Landscape
8.1. Introduction
8.2. Recent Developments
8.2.1. Mergers & Acquisitions
8.2.2. New Product Developments
8.2.3. Portfolio/Production Capacity Expansions
8.2.4. Joint Ventures, Collaborations, Partnerships & Agreements
8.2.5. Others
9. Company Profiles
9.1 Tesla
9.1.1 Company Overview
9.1.2 Product/Service Landscape
9.1.3 Financial Overview
9.1.4 Recent Developments
9.2 BMW Group
9.2.1 Company Overview
9.2.2 Product/Service Landscape
9.2.3 Financial Overview
9.2.4 Recent Developments
9.3 Nissan Motor Corporation
9.3.1 Company Overview
9.3.2 Product/Service Landscape
9.3.3 Financial Overview
9.3.4 Recent Developments
9.4 Toyota Motor Corporation
9.4.1 Company Overview
9.4.2 Product/Service Landscape
9.4.3 Financial Overview
9.4.4 Recent Developments
9.5 Volkswagen AG
9.5.1 Company Overview
9.5.2 Product/Service Landscape
9.5.3 Financial Overview
9.5.4 Recent Developments
9.6 General Motors
9.6.1 Company Overview
9.6.2 Product/Service Landscape
9.6.3 Financial Overview
9.6.4 Recent Developments
9.7 Daimler AG
9.7.1 Company Overview
9.7.2 Product/Service Landscape
9.7.3 Financial Overview
9.7.4 Recent Developments
9.8 Energica Motor Company S.p.A.
9.8.1 Company Overview
9.8.2 Product/Service Landscape
9.8.3 Financial Overview
9.8.4 Recent Developments
9.9 BYD Company Motors
9.9.1 Company Overview
9.9.2 Product/Service Landscape
9.9.3 Financial Overview
9.9.4 Recent Developments
9.10 Ford Motor Company
9.10.1 Company Overview
9.10.2 Product/Service Landscape
9.10.3 Financial Overview
9.10.4 Recent Developments
The Electric Vehicle Market has been segmented as below:
Electric Vehicle Market, By Type
Electric Vehicle Market, By Vehicle Class
Electric Vehicle Market, By Vehicle Type
Electric Vehicle Market, By Region
Electric Vehicle Market, By Company
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