Electric Vehicle Market Size, Share & Analysis

Report Code AT 4907
Published in Aug, 2024, By MarketsandMarkets™
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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

Overview

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 electric vehicle 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.

Attractive Opportunities in the Electric Vehicle Market

ASIA PACIFIC:

The growth of the Asia Pacific electric vehicle market is attributed to the predominance of leading players and the implementation of supportive policies and incentives to promote the adoption of electric vehicles. Also, leading manufacturers are investing in R&D to enhance the performance and range of electric vehicles to cater to different requirements.

The electric vehicle market is driven by rising environmental concerns and government incentives along with advancements in battery technology and rapid urbanization.

The passenger car segment is leading the electric vehicle market as these vehicles are widely used for personal transportation, commuting, and short to medium-distance travel. Electric passenger cars offer zero tailpipe emissions, reduced noise pollution, and lower operating costs than traditional gasoline vehicles.

The Asia Pacific electric vehicle market is projected to reach USD 326.5 Billion by 2030 at a CAGR of 6.9% during the forecast period in the passenger car segment.

Europe is expected to witness significant growth in the <125 MPH segment of the electric vehicle market during the forecast period. The growth can be attributed to the presence of key market players in the region, such as Volkswagen AG (Germany), BMW Group (Germany), and Stellantis (Netherlands).

Global Electric Vehicle 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 ev 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.

Global Electric Vehicle Market Ecosystem Analysis

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 Region Holds the Largest Share of the Electric Vehicle Market.

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.

Recent Developments of Electric Vehicle Market industry

  • 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.

Key Market Players

KEY PLAYERS IN THE Electric Vehicle Market INCLUDE

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Scope of the Report

Report Attribute Details
Market size available for years 2019−2030
Base year considered 2023
Forecast period 2024−2030
Forecast units Volume (Thousand Units) and Value (USD Million)
Segments Covered By Component, Vehicle Type, Vehicle Class, Propulsion, Vehicle Drive Type, E/E Architecture, Top Speed, Charging Point Type, Vehicle Connectivity, End Use, and Region
Regions covered Asia Pacific, Europe, North America, and Middle East & Africa

Key Questions Addressed by the Report

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.

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
26
RESEARCH METHODOLOGY
36
EXECUTIVE SUMMARY
50
PREMIUM INSIGHTS
54
MARKET OVERVIEW
59
  • 5.1 INTRODUCTION
  • 5.2 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.3 MARKET DYNAMICS
    DRIVERS
    - Government incentives for electrification
    - Low operating cost
    - Advancements in battery technology
    - Low emissions
    RESTRAINTS
    - High upfront cost
    - High initial investments for installing electric vehicle fast-charging infrastructure
    - Battery longevity and replacement cost
    OPPORTUNITIES
    - Rapid investment in charging infrastructure
    - Advancement in wireless electric vehicle charging technology for on-the-go charging
    - Use of electric vehicles for fleets and commercial applications
    CHALLENGES
    - Longer charging time
    - Lack of standardization of electric vehicle charging infrastructure
  • 5.4 EXISTING AND UPCOMING ELECTRIC VEHICLE MODELS, 2024–2026
  • 5.5 IMPACT OF AI/GENERATIVE AI IN ELECTRIC VEHICLE MARKET
  • 5.6 TOTAL COST OF OWNERSHIP
  • 5.7 BILL OF MATERIALS ANALYSIS
  • 5.8 INVESTMENT AND FUNDING SCENARIO
  • 5.9 OEM ELECTROMOBILITY PROGRESS
    OEM TARGETS AND INVESTMENTS
  • 5.10 ECOSYSTEM ANALYSIS
    ELECTRIC VEHICLE CHARGING PROVIDERS
    SOFTWARE PROVIDERS
    BATTERY MANUFACTURERS
    COMPONENT MANUFACTURERS
    OEMS
    END USERS
  • 5.11 SUPPLY CHAIN ANALYSIS
  • 5.12 KEY STAKEHOLDERS AND BUYING CRITERIA
    PASSENGER CARS
    COMMERCIAL VEHICLES
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.13 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND, BY VEHICLE TYPE, 2021–2023
  • 5.14 KEY CONFERENCES AND EVENTS IN 2024–2025
  • 5.15 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - V2X charging
    - V2L
    ADJACENT TECHNOLOGIES
    - Solid-state batteries
    - Direct borohydride fuel cells
    COMPLEMENTARY TECHNOLOGIES
    - IoT in electric vehicles
    - Methane fuel cells
  • 5.16 PATENT ANALYSIS
  • 5.17 TRADE ANALYSIS
  • 5.18 CASE STUDY ANALYSIS
    ELECTRIC VEHICLE FLEETS FOR PUBLIC SECTOR IN VERMONT, US
    ACOUSTIC INNOVATION BY HYUNDAI IN ELECTRIC VEHICLES
    CREATIVE APPROACH BY BMW TO ELECTRIC VEHICLE SOUND DESIGN
    MERCEDES-BENZ’S ACOUSTIC VEHICLE ALERTING SYSTEM SET NEW STANDARD FOR ELECTRIC CARS
  • 5.19 REGULATORY LANDSCAPE
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    ELECTRIC VEHICLE INCENTIVES, BY KEY COUNTRIES
    - Netherlands
    - Germany
    - France
    - UK
    - China
    - US
    - Austria
  • 5.20 FUNDING BY USE CASE APPLICATION
ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE
121
  • 6.1 INTRODUCTION
  • 6.2 OPERATIONAL DATA
  • 6.3 PASSENGER CAR
    SUPPORTIVE GOVERNMENT REGULATIONS AND SUBSIDIES TO DRIVE MARKET
  • 6.4 COMMERCIAL VEHICLE
    URBANIZATION AND SUSTAINABILITY GOALS TO DRIVE MARKET
  • 6.5 KEY PRIMARY INSIGHTS
ELECTRIC VEHICLE MARKET, BY VEHICLE TOP SPEED
130
  • 7.1 INTRODUCTION
  • 7.2 OPERATIONAL DATA
  • 7.3 <125 MPH
    FOCUS ON EFFICIENCY AND RANGE TO DRIVE MARKET
  • 7.4 >125 MPH
    RISING DEMAND FOR HIGH-PERFORMANCE ELECTRIC VEHICLES TO DRIVE MARKET
  • 7.5 KEY PRIMARY INSIGHTS
ELECTRIC VEHICLE MARKET, BY VEHICLE DRIVE TYPE
136
  • 8.1 INTRODUCTION
  • 8.2 OPERATIONAL DATA
  • 8.3 FRONT-WHEEL DRIVE
    BETTER TRACTION AND HIGHER POWER SAVINGS THAN REAR-WHEEL DRIVE VEHICLES TO DRIVE MARKET
  • 8.4 REAR-WHEEL DRIVE
    SUPERIOR PERFORMANCE AND HANDLING FEATURES TO DRIVE MARKET
  • 8.5 ALL WHEEL DRIVE
    HIGHER TRACTION AND PERFORMANCE TO DRIVE MARKET
  • 8.6 KEY PRIMARY INSIGHTS
ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS
145
  • 9.1 INTRODUCTION
  • 9.2 OPERATIONAL DATA
  • 9.3 LOW-PRICED
    RISING DEMAND FOR AFFORDABLE ELECTRIC VEHICLES DUE TO FOCUS ON ENVIRONMENTAL CONCERNS TO DRIVE MARKET
  • 9.4 MID-PRICED
    IMPROVED RANGE AND BATTERY EFFICIENCY TO DRIVE MARKET
  • 9.5 LUXURY
    HIGH-PERFORMANCE ELECTRIC DRIVETRAINS TO DRIVE MARKET
  • 9.6 KEY PRIMARY INSIGHTS
ELECTRIC VEHICLE MARKET, BY VEHICLE CONNECTIVITY
153
  • 10.1 INTRODUCTION
  • 10.2 V2B OR V2I
  • 10.3 VEHICLE-TO-GRID
  • 10.4 VEHICLE-TO-VEHICLE
ELECTRIC VEHICLE MARKET, BY CHARGING POINT TYPE
157
  • 11.1 INTRODUCTION
  • 11.2 OPERATIONAL DATA
  • 11.3 AC (NORMAL CHARGING)
    HIGH DEMAND IN HOME CHARGING IN EMERGING ECONOMIES TO DRIVE MARKET
  • 11.4 DC (SUPERCHARGING)
    RISING INVESTMENT IN SUPERCHARGING NETWORK BY OEMS AND CHARGING PROVIDERS TO DRIVE MARKET
  • 11.5 INDUCTIVE CHARGING
  • 11.6 KEY PRIMARY INSIGHTS
ELECTRIC VEHICLE MARKET, BY PROPULSION
165
  • 12.1 INTRODUCTION
  • 12.2 OPERATIONAL DATA
  • 12.3 BATTERY ELECTRIC VEHICLE
    STRICTER EMISSION REGULATIONS TO DRIVE MARKET
  • 12.4 FUEL CELL ELECTRIC VEHICLE
    LONGER DRIVING RANGE THAN OTHER ELECTRIC VEHICLE TYPES TO DRIVE MARKET
  • 12.5 PLUG-IN HYBRID ELECTRIC VEHICLE
    ADVANTAGE OF REDUCED FUEL CONSUMPTION TO DRIVE MARKET
  • 12.6 HYBRID ELECTRIC VEHICLE
  • 12.7 KEY PRIMARY INSIGHTS
ELECTRIC VEHICLE MARKET, BY E/E ARCHITECTURE
174
  • 13.1 INTRODUCTION
  • 13.2 OPERATIONAL DATA
  • 13.3 400V
    COST-EFFECTIVENESS OF 400V ARCHITECTURE TO DRIVE MARKET
  • 13.4 800V
    RISING DEMAND FOR ENHANCED PERFORMANCE AND FAST CHARGING TO DRIVE MARKET
  • 13.5 KEY PRIMARY INSIGHTS
ELECTRIC VEHICLE MARKET, BY COMPONENT
181
  • 14.1 INTRODUCTION
  • 14.2 BATTERY CELLS AND PACKS
  • 14.3 ON-BOARD CHARGERS
  • 14.4 MOTORS
  • 14.5 POWER CONTROL UNITS
  • 14.6 BATTERY MANAGEMENT SYSTEMS
  • 14.7 FUEL CELL STACKS
  • 14.8 FUEL PROCESSORS
  • 14.9 POWER CONDITIONERS
  • 14.10 AIR COMPRESSORS
  • 14.11 HUMIDIFIERS
ELECTRIC VEHICLE MARKET, BY END USE
194
  • 15.1 INTRODUCTION
  • 15.2 OPERATIONAL DATA
  • 15.3 PRIVATE
  • 15.4 COMMERCIAL FLEETS
ELECTRIC VEHICLE MARKET, BY REGION
197
  • 16.1 INTRODUCTION
  • 16.2 ASIA PACIFIC
    CHINA
    - Presence of key market players to drive market
    INDIA
    - Strong government support and heavy investment by OEMs to drive market
    JAPAN
    - Advanced electric vehicle charging infrastructure to drive market
    SOUTH KOREA
    - Development in battery technology to drive market
    THAILAND
    - Government incentives and 2030 target to drive market
    INDONESIA
    - Developments to create electric vehicle battery hub to drive market
    MALAYSIA
    - National Green Technology Policy to drive market
    VIETNAM
    - Development of comprehensive charging infrastructure system to drive market
  • 16.3 EUROPE
    FRANCE
    - OEM electrification plans to drive market
    GERMANY
    - Heavy investment by key OEMs to drive market
    NETHERLANDS
    - Tax exemption on battery electric vehicles to drive market
    NORWAY
    - Commitment to ban new ICE vehicles by 2025 to drive market
    SWEDEN
    - Goal of fossil-free vehicle fleet by 2045 to drive market
    UK
    - Heavy investments in electric vehicle ecosystem to drive market
    DENMARK
    - Long-term strategies for achieving carbon neutrality to drive market
    AUSTRIA
    - Rapid transition to zero-emission vehicles to drive market
    SWITZERLAND
    - Growing focus on development of electric vehicle ecosystem to drive market
    SPAIN
    - Increasing investments in electric vehicle charging infrastructure to drive market
  • 16.4 NORTH AMERICA
    CANADA
    - Rising electric vehicle component development to drive market
    US
    - Continuous government support and focus on cleaner mobility to drive market
  • 16.5 MIDDLE EAST & AFRICA
    UAE
    - National Electric Vehicles Policy for sustainable transportation to drive market
    EGYPT
    - Rising environmental concerns to drive market
    SOUTH AFRICA
    - Aim to increase adoption of new energy vehicles to drive market
COMPETITIVE LANDSCAPE
248
  • 17.1 OVERVIEW
  • 17.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
  • 17.3 MARKET SHARE ANALYSIS FOR ELECTRIC VEHICLE MANUFACTURERS, 2023
  • 17.4 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS, 2019–2023
  • 17.5 COMPANY VALUATION AND FINANCIAL METRICS
    COMPANY VALUATION
    FINANCIAL METRICS
  • 17.6 BRAND/PRODUCT COMPARISON
  • 17.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
  • 17.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING
  • 17.9 COMPETITIVE SCENARIO
    PRODUCT LAUNCHES
    DEALS
    EXPANSIONS
COMPANY PROFILES
268
  • 18.1 KEY PLAYERS
    BYD
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    TESLA
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    VOLKSWAGEN
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    ZHEJIANG GEELY HOLDING GROUP
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    SAIC MOTOR
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    STELLANTIS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    BMW GROUP
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    NISSAN MOTORS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    HYUNDAI GROUP
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    GREAT WALL MOTOR
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    TOYOTA MOTOR CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    GAC MOTOR
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
  • 18.2 OTHER KEY PLAYERS
    GENERAL MOTORS
    RENAULT
    FORD MOTOR COMPANY
    BAIC MOTOR CORPORATION., LTD
    MITSUBISHI MOTORS
    CHERY INTERNATIONAL
    JAC
    ZOYTE
    MERCEDES-BENZ GROUP AG
    LUCID
  • 18.3 KEY STARTUPS
    XPENG
    NIKOLA CORPORATION
    NIO
    FARADAY FUTURE
    LEAPMOTOR
RECOMMENDATIONS BY MARKETSANDMARKETS
365
  • 19.1 ASIA PACIFIC TO BE SIGNIFICANT MARKET FOR ELECTRIC VEHICLES
  • 19.2 PASSENGER CAR TO EMERGE AS LARGEST SEGMENT OF ELECTRIC VEHICLE MARKET
  • 19.3 DC (SUPER CHARGING) TO BE PROMISING SEGMENT OF ELECTRIC VEHICLE MARKET
  • 19.4 CONCLUSION
APPENDIX
367
  • 20.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
  • 20.2 DISCUSSION GUIDE
  • 20.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 20.4 CUSTOMIZATION OPTIONS
    ELECTRIC VEHICLE MARKET, BY VEHICLE DRIVE TYPE AT COUNTRY-LEVEL (FOR COUNTRIES COVERED IN REPORT)
    PROFILING OF ADDITIONAL MARKET PLAYERS (UP TO 5)
  • 20.5 RELATED REPORTS
  • 20.6 AUTHOR DETAILS
LIST OF TABLES
 
  • 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 DEFINITION, BY E/E ARCHITECTURE
  • TABLE 11 MARKET: INCLUSIONS AND EXCLUSIONS
  • TABLE 12 CURRENCY EXCHANGE RATES
  • TABLE 13 INNOVATION IN BATTERIES BY KEY MANUFACTURERS
  • TABLE 14 LIST OF CHARGING STATIONS FOR ELECTRIC CAR, 2024
  • TABLE 15 LIST OF ELECTRIC VEHICLES WITH AVERAGE RANGE
  • TABLE 16 CHARGING POINT OPERATORS
  • TABLE 17 ELECTRIC FLEET COMMITMENTS BY LEADING COMPANIES
  • TABLE 18 MARKET: IMPACT OF MARKET DYNAMICS
  • TABLE 19 EXISTING AND UPCOMING ELECTRIC VEHICLE MODELS, 2024–2026
  • TABLE 20 ANNUAL ELECTRIC COST VS. ANNUAL GAS COST (2023)
  • TABLE 21 MARKET: OEM TARGETS AND INVESTMENTS
  • TABLE 22 MARKET: ROLE OF COMPANIES IN ECOSYSTEM
  • TABLE 23 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 2 VEHICLE TYPES (%)
  • TABLE 24 MARKET: PRICING OF POPULAR ELECTRIC VEHICLES (US), 2023
  • TABLE 25 AVERAGE SELLING PRICE TREND, BY VEHICLE TYPE, 2021–2023 (USD)
  • TABLE 26 AVERAGE SELLING PRICE TREND, BY REGION, 2022−2030 (USD)
  • TABLE 27 MARKET: KEY CONFERENCES AND EVENTS, 2024–2025
  • TABLE 28 LIST OF ELECTRIC VEHICLES WITH V2L
  • TABLE 29 RECENT DEVELOPMENTS IN SOLID-STATE BATTERIES
  • TABLE 30 IMPORTANT PATENT REGISTRATIONS RELATED TO MARKET
  • TABLE 31 TRADE DATA FOR MOTOR VEHICLES IN 2023 IN USD THOUSAND (HS 8703)
  • TABLE 32 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 33 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 34 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 35 NETHERLANDS: ELECTRIC VEHICLE INCENTIVES
  • TABLE 36 NETHERLANDS: ELECTRIC VEHICLE CHARGING STATION INCENTIVES
  • TABLE 37 GERMANY: ELECTRIC VEHICLE INCENTIVES
  • TABLE 38 GERMANY: ELECTRIC VEHICLE CHARGING STATION INCENTIVES
  • TABLE 39 FRANCE: ELECTRIC VEHICLE INCENTIVES
  • TABLE 40 FRANCE: ELECTRIC VEHICLE CHARGING STATION INCENTIVES
  • TABLE 41 UK: ELECTRIC VEHICLE INCENTIVES
  • TABLE 42 UK: ELECTRIC VEHICLE CHARGING STATION INCENTIVES
  • TABLE 43 CHINA: ELECTRIC VEHICLE INCENTIVES
  • TABLE 44 CHINA: ELECTRIC VEHICLE CHARGING STATION INCENTIVES
  • TABLE 45 US: ELECTRIC VEHICLE INCENTIVES
  • TABLE 46 US: ELECTRIC VEHICLE CHARGING STATION INCENTIVES
  • TABLE 47 AUSTRIA: ELECTRIC VEHICLE INCENTIVES
  • TABLE 48 MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
  • TABLE 49 MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
  • TABLE 50 TOP GLOBAL ELECTRIC PASSENGER CAR SALES, BY MODEL, 2023
  • TABLE 51 UPCOMING ELECTRIC PASSENGER CAR MODELS, 2024–2027
  • TABLE 52 UPCOMING ELECTRIC COMMERCIAL VEHICLES, 2024–2026
  • TABLE 53 PASSENGER CAR: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 54 PASSENGER CAR: MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 55 COMMERCIAL VEHICLE: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 56 COMMERCIAL VEHICLE: MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 57 MARKET, BY VEHICLE TOP SPEED, 2019–2023 (THOUSAND UNITS)
  • TABLE 58 MARKET, BY VEHICLE TOP SPEED, 2024–2030 (THOUSAND UNITS)
  • TABLE 59 FASTEST ELECTRIC CARS
  • TABLE 60 <125 MPH MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 61 <125 MPH MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 62 >125 MPH MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 63 >125 MPH MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 64 MARKET, BY VEHICLE DRIVE TYPE, 2019–2023 (THOUSAND UNITS)
  • TABLE 65 MARKET, BY VEHICLE DRIVE TYPE, 2024–2030 (THOUSAND UNITS)
  • TABLE 66 POPULAR ELECTRIC VEHICLES WORLDWIDE, BY DRIVE TYPE
  • TABLE 67 ELECTRIC FRONT-WHEEL DRIVE VEHICLE MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 68 ELECTRIC FRONT-WHEEL DRIVE VEHICLE MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 69 ELECTRIC REAR-WHEEL DRIVE VEHICLE MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 70 ELECTRIC REAR-WHEEL DRIVE VEHICLE MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 71 ELECTRIC ALL-WHEEL DRIVE VEHICLE MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 72 ELECTRIC ALL-WHEEL DRIVE VEHICLE MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 73 MARKET, BY VEHICLE CLASS, 2019–2023 (THOUSAND UNITS)
  • TABLE 74 MARKET, BY VEHICLE CLASS, 2024–2030 (THOUSAND UNITS)
  • TABLE 75 POPULAR ELECTRIC VEHICLES WORLDWIDE, BY VEHICLE CLASS
  • TABLE 76 LOW-PRICED MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 77 LOW-PRICED MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 78 MID-PRICED MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 79 MID-PRICED MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 80 LUXURY MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 81 LUXURY MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 82 MARKET, BY CHARGING POINT TYPE, 2019–2023 (THOUSAND UNITS)
  • TABLE 83 MARKET, BY CHARGING POINT TYPE, 2024–2030 (THOUSAND UNITS)
  • TABLE 84 LEADING GLOBAL ELECTRIC VEHICLE CHARGING PROVIDERS
  • TABLE 85 MARKET FOR AC (NORMAL CHARGING), BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 86 MARKET FOR AC (NORMAL CHARGING), BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 87 MARKET FOR DC (SUPER CHARGING), BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 88 MARKET FOR DC (SUPER CHARGING), BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 89 MARKET, BY PROPULSION, 2019–2023 (THOUSAND UNITS)
  • TABLE 90 MARKET, BY PROPULSION, 2024–2030 (THOUSAND UNITS)
  • TABLE 91 BESTSELLING ELECTRIC VEHICLES IN 2023
  • TABLE 92 EXPECTED BEST-SELLING ELECTRIC VEHICLES IN 2024
  • TABLE 93 BATTERY MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 94 BATTERY MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 95 FUEL CELL MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 96 FUEL CELL MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 97 PLUG-IN HYBRID MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 98 PLUG-IN HYBRID MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 99 KEY DIFFERENCES BETWEEN ELECTRIC VEHICLES AND HYBRID ELECTRIC VEHICLES
  • TABLE 100 DIFFERENCE BETWEEN 400V AND 800V E/E ARCHITECTURES
  • TABLE 101 MARKET, BY E/E ARCHITECTURE, 2019–2023 (THOUSAND UNITS)
  • TABLE 102 MARKET, BY E/E ARCHITECTURE, 2024–2030 (THOUSAND UNITS)
  • TABLE 103 VEHICLE MODELS, BY E/E ARCHITECTURE 400V–800V
  • TABLE 104 400V E/E ARCHITECTURE MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 105 400V E/E ARCHITECTURE MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 106 VEHICLE MODELS, BY E/E ARCHITECTURE FOR 800V, 2024
  • TABLE 107 800V E/E ARCHITECTURE MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 108 800V E/E ARCHITECTURE MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 109 BATTERY CELL AND PACK SUPPLIER DATA
  • TABLE 110 ON-BOARD CHARGER SUPPLIER DATA
  • TABLE 111 MOTOR SUPPLIER DATA
  • TABLE 112 DC-DC CONVERTER SUPPLIER DATA
  • TABLE 113 INVERTER SUPPLIER DATA
  • TABLE 114 BATTERY MANAGEMENT SYSTEM SUPPLIER DATA
  • TABLE 115 ELECTRIC VEHICLE FLEET TARGETS WORLDWIDE
  • TABLE 116 ELECTRIC VEHICLES IN USE FOR COMMERCIAL FLEETS
  • TABLE 117 KEY COMPANIES, BY COMMERCIAL FLEET SEGMENT
  • TABLE 118 MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 119 MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 120 MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 121 MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 122 MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 123 MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 124 ASIA PACIFIC: MARKET, BY COUNTRY, 2019–2023 (THOUSAND UNITS)
  • TABLE 125 ASIA PACIFIC: MARKET, BY COUNTRY, 2024–2030 (THOUSAND UNITS)
  • TABLE 126 BESTSELLING ELECTRIC VEHICLES IN CHINA, 2023
  • TABLE 127 CHINA: MARKET, BY PROPULSION, 2019–2023 (THOUSAND UNITS)
  • TABLE 128 CHINA: MARKET, BY PROPULSION, 2024–2030 (THOUSAND UNITS)
  • TABLE 129 BESTSELLING ELECTRIC VEHICLES IN INDIA, 2023
  • TABLE 130 INDIA: MARKET, BY PROPULSION, 2019–2023 (THOUSAND UNITS)
  • TABLE 131 INDIA: MARKET, BY PROPULSION, 2024–2030 (THOUSAND UNITS)
  • TABLE 132 JAPAN: VEHICLE GOAL FOR 2030
  • TABLE 133 JAPAN: MARKET, BY PROPULSION, 2019–2023 (THOUSAND UNITS)
  • TABLE 134 JAPAN: MARKET, BY PROPULSION, 2024–2030 (THOUSAND UNITS)
  • TABLE 135 SOUTH KOREA: MARKET, BY PROPULSION, 2019–2023 (THOUSAND UNITS)
  • TABLE 136 SOUTH KOREA: MARKET, BY PROPULSION, 2024–2030 (THOUSAND UNITS)
  • TABLE 137 THAILAND: MARKET, BY PROPULSION, 2019–2023 (THOUSAND UNITS)
  • TABLE 138 THAILAND: MARKET, BY PROPULSION, 2024–2030 (THOUSAND UNITS)
  • TABLE 139 INDONESIA: MARKET, BY PROPULSION, 2019–2023 (THOUSAND UNITS)
  • TABLE 140 INDONESIA: MARKET, BY PROPULSION, 2024–2030 (THOUSAND UNITS)
  • TABLE 141 MALAYSIA: MARKET, BY PROPULSION, 2019–2023 (THOUSAND UNITS)
  • TABLE 142 MALAYSIA: MARKET, BY PROPULSION, 2024–2030 (THOUSAND UNITS)
  • TABLE 143 VIETNAM: MARKET, BY PROPULSION, 2019–2023 (THOUSAND UNITS)
  • TABLE 144 VIETNAM: MARKET, BY PROPULSION, 2024–2030 (THOUSAND UNITS)
  • TABLE 145 EUROPE: MARKET, BY COUNTRY, 2019–2023 (THOUSAND UNITS)
  • TABLE 146 EUROPE: MARKET, BY COUNTRY, 2024–2030 (THOUSAND UNITS)
  • TABLE 147 BESTSELLING ELECTRIC VEHICLE MODELS IN FRANCE, 2023
  • TABLE 148 FRANCE: MARKET, BY PROPULSION, 2019–2023 (THOUSAND UNITS)
  • TABLE 149 FRANCE: MARKET, BY PROPULSION, 2024–2030 (THOUSAND UNITS)
  • TABLE 150 GERMANY: MARKET, BY PROPULSION, 2019–2023 (THOUSAND UNITS)
  • TABLE 151 GERMANY: MARKET, BY PROPULSION, 2024–2030 (THOUSAND UNITS)
  • TABLE 152 NETHERLANDS: MARKET, BY PROPULSION, 2019–2023 (THOUSAND UNITS)
  • TABLE 153 NETHERLANDS: MARKET, BY PROPULSION, 2024–2030 (THOUSAND UNITS)
  • TABLE 154 BESTSELLING ELECTRIC VEHICLES IN NORWAY, 2023
  • TABLE 155 NORWAY: MARKET, BY PROPULSION, 2019–2023 (THOUSAND UNITS)
  • TABLE 156 NORWAY: MARKET, BY PROPULSION, 2024–2030 (THOUSAND UNITS)
  • TABLE 157 SWEDEN: MARKET, BY PROPULSION, 2019–2023 (THOUSAND UNITS)
  • TABLE 158 SWEDEN: MARKET, BY PROPULSION, 2024–2030 (THOUSAND UNITS)
  • TABLE 159 BESTSELLING ELECTRIC VEHICLES IN UK, 2023
  • TABLE 160 UK: MARKET, BY PROPULSION, 2019–2023 (THOUSAND UNITS)
  • TABLE 161 UK: MARKET, BY PROPULSION, 2024–2030 (THOUSAND UNITS)
  • TABLE 162 DENMARK: MARKET, BY PROPULSION, 2019–2023 (THOUSAND UNITS)
  • TABLE 163 DENMARK: MARKET, BY PROPULSION, 2024–2030 (THOUSAND UNITS)
  • TABLE 164 AUSTRIA: MARKET, BY PROPULSION, 2019–2023 (THOUSAND UNITS)
  • TABLE 165 AUSTRIA: MARKET, BY PROPULSION, 2024–2030 (THOUSAND UNITS)
  • TABLE 166 BESTSELLING ELECTRIC VEHICLES IN SWITZERLAND, 2023
  • TABLE 167 SWITZERLAND: MARKET, BY PROPULSION, 2019–2023 (THOUSAND UNITS)
  • TABLE 168 SWITZERLAND: MARKET, BY PROPULSION, 2024–2030 (THOUSAND UNITS)
  • TABLE 169 SPAIN: MARKET, BY PROPULSION, 2019–2023 (THOUSAND UNITS)
  • TABLE 170 SPAIN: MARKET, BY PROPULSION, 2024–2030 (THOUSAND UNITS)
  • TABLE 171 NORTH AMERICA: MARKET, BY COUNTRY, 2019–2023 (THOUSAND UNITS)
  • TABLE 172 NORTH AMERICA: MARKET, BY COUNTRY, 2024–2030 (THOUSAND UNITS)
  • TABLE 173 CANADA: MARKET, BY PROPULSION, 2019–2023 (THOUSAND UNITS)
  • TABLE 174 CANADA: MARKET, BY PROPULSION, 2024–2030 (THOUSAND UNITS)
  • TABLE 175 BESTSELLING ELECTRIC VEHICLES IN US, 2023
  • TABLE 176 US: MARKET, BY PROPULSION, 2019–2023 (THOUSAND UNITS)
  • TABLE 177 US: MARKET, BY PROPULSION, 2024–2030 (THOUSAND UNITS)
  • TABLE 178 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2019–2023 (THOUSAND UNITS)
  • TABLE 179 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2024–2030 (THOUSAND UNITS)
  • TABLE 180 UAE: MARKET, BY PROPULSION, 2019–2023 (THOUSAND UNITS)
  • TABLE 181 UAE: MARKET, BY PROPULSION, 2024–2030 (THOUSAND UNITS)
  • TABLE 182 EGYPT: MARKET, BY PROPULSION, 2019–2023 (THOUSAND UNITS)
  • TABLE 183 EGYPT: MARKET, BY PROPULSION, 2024–2030 (THOUSAND UNITS)
  • TABLE 184 SOUTH AFRICA: MARKET, BY PROPULSION, 2019–2023 (THOUSAND UNITS)
  • TABLE 185 SOUTH AFRICA: MARKET, BY PROPULSION, 2024–2030 (THOUSAND UNITS)
  • TABLE 186 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN MARKET
  • TABLE 187 DEGREE OF COMPETITION
  • TABLE 188 ELECTRIC PASSENGER VEHICLE MODELS, BY KEY FEATURES
  • TABLE 189 ELECTRIC BUS VEHICLE MODELS, BY KEY FEATURES
  • TABLE 190 ELECTRIC TRUCK VEHICLE MODELS, BY KEY FEATURES
  • TABLE 191 MARKET: COMPANY VEHICLE TYPE FOOTPRINT, 2023
  • TABLE 192 MARKET: COMPANY REGION FOOTPRINT, 2023
  • TABLE 193 MARKET: LIST OF KEY STARTUPS
  • TABLE 194 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS
  • TABLE 195 MARKET: PRODUCT LAUNCHES AND DEVELOPMENTS, APRIL 2021–JUNE 2024
  • TABLE 196 MARKET: DEALS, MARCH 2021–JUNE 2024
  • TABLE 197 MARKET: EXPANSIONS, APRIL 2021–APRIL 2024
  • TABLE 198 BYD: COMPANY OVERVIEW
  • TABLE 199 BYD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 200 BYD: PRODUCT LAUNCHES AND DEVELOPMENTS
  • TABLE 201 BYD: DEALS
  • TABLE 202 BYD: EXPANSIONS
  • TABLE 203 TESLA: COMPANY OVERVIEW
  • TABLE 204 TESLA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 205 TESLA: PRODUCT LAUNCHES AND DEVELOPMENTS
  • TABLE 206 TESLA: DEALS
  • TABLE 207 TESLA: EXPANSIONS
  • TABLE 208 TESLA: OTHERS
  • TABLE 209 VOLKSWAGEN: COMPANY OVERVIEW
  • TABLE 210 VOLKSWAGEN: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 211 VOLKSWAGEN: PRODUCT LAUNCHES AND DEVELOPMENTS
  • TABLE 212 VOLKSWAGEN: DEALS
  • TABLE 213 VOLKSWAGEN: EXPANSIONS
  • TABLE 214 ZHEJIANG GEELY HOLDING GROUP: COMPANY OVERVIEW
  • TABLE 215 ZHEJIANG GEELY HOLDING GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 216 ZHEJIANG GEELY HOLDING GROUP: PRODUCT LAUNCHES AND DEVELOPMENTS
  • TABLE 217 ZHEJIANG GEELY HOLDING GROUP: DEALS
  • TABLE 218 ZHEJIANG GEELY HOLDING GROUP: EXPANSIONS
  • TABLE 219 ZHEJIANG GEELY HOLDING GROUP: OTHERS
  • TABLE 220 SAIC MOTOR: COMPANY OVERVIEW
  • TABLE 221 SAIC MOTOR: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 222 SAIC MOTOR: PRODUCT LAUNCHES & DEVELOPMENTS
  • TABLE 223 SAIC MOTOR: DEALS
  • TABLE 224 SAIC MOTOR: EXPANSIONS
  • TABLE 225 SAIC MOTOR: OTHERS
  • TABLE 226 STELLANTIS: COMPANY OVERVIEW
  • TABLE 227 STELLANTIS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 228 STELLANTIS: PRODUCT LAUNCHES AND DEVELOPMENTS
  • TABLE 229 STELLANTIS: DEALS
  • TABLE 230 STELLANTIS: EXPANSIONS
  • TABLE 231 BMW GROUP: COMPANY OVERVIEW
  • TABLE 232 BMW GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 233 BMW GROUP: PRODUCT LAUNCHES AND DEVELOPMENTS
  • TABLE 234 NISSAN MOTORS: COMPANY OVERVIEW
  • TABLE 235 NISSAN MOTORS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 236 NISSAN MOTORS: PRODUCT LAUNCHES AND DEVELOPMENTS
  • TABLE 237 NISSAN MOTORS: DEALS
  • TABLE 238 NISSAN MOTORS: EXPANSIONS
  • TABLE 239 HYUNDAI GROUP: COMPANY OVERVIEW
  • TABLE 240 HYUNDAI GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 241 HYUNDAI GROUP: PRODUCT LAUNCHES AND DEVELOPMENTS
  • TABLE 242 HYUNDAI GROUP: DEALS
  • TABLE 243 HYUNDAI GROUP: EXPANSIONS
  • TABLE 244 GREAT WALL MOTOR: COMPANY OVERVIEW
  • TABLE 245 GREAT WALL MOTOR: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 246 GREAT WALL MOTOR: PRODUCT LAUNCHES AND DEVELOPMENTS
  • TABLE 247 GREAT WALL MOTOR: DEALS
  • TABLE 248 GREAT WALL MOTOR: EXPANSIONS
  • TABLE 249 TOYOTA MOTOR CORPORATION: COMPANY OVERVIEW
  • TABLE 250 TOYOTA MOTOR CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 251 TOYOTA MOTOR CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS
  • TABLE 252 TOYOTA MOTOR CORPORATION: DEALS
  • TABLE 253 TOYOTA MOTOR CORPORATION: EXPANSIONS
  • TABLE 254 GAC MOTOR: COMPANY OVERVIEW
  • TABLE 255 GAC MOTOR: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 256 GAC MOTOR: PRODUCT LAUNCHES AND DEVELOPMENTS
  • TABLE 257 GAC MOTOR: DEALS
  • TABLE 258 GAC MOTOR: EXPANSIONS
  • TABLE 259 GENERAL MOTORS: COMPANY OVERVIEW
  • TABLE 260 RENAULT: COMPANY OVERVIEW
  • TABLE 261 FORD MOTOR COMPANY: COMPANY OVERVIEW
  • TABLE 262 BAIC MOTOR CORPORATION., LTD: COMPANY OVERVIEW
  • TABLE 263 MITSUBISHI MOTORS: COMPANY OVERVIEW
  • TABLE 264 CHERY INTERNATIONAL: COMPANY OVERVIEW
  • TABLE 265 JAC: COMPANY OVERVIEW
  • TABLE 266 ZOYTE: COMPANY OVERVIEW
  • TABLE 267 MERCEDES-BENZ GROUP AG: COMPANY OVERVIEW
  • TABLE 268 LUCID: COMPANY OVERVIEW
  • TABLE 269 XPENG: COMPANY OVERVIEW
  • TABLE 270 NIKOLA CORPORATION: COMPANY OVERVIEW
  • TABLE 271 NIO: COMPANY OVERVIEW
  • TABLE 272 FARADAY FUTURE: COMPANY OVERVIEW
  • TABLE 273 LEAPMOTOR: COMPANY OVERVIEW
LIST OF FIGURES
 
  • FIGURE 1 ELECTRIC VEHICLE MARKET SEGMENTATION
  • FIGURE 2 MARKET: RESEARCH DESIGN
  • FIGURE 3 MARKET: RESEARCH DESIGN MODEL
  • FIGURE 4 MARKET: BREAKDOWN OF PRIMARY INTERVIEWS
  • FIGURE 5 MARKET: BOTTOM-UP APPROACH
  • FIGURE 6 MARKET: TOP-DOWN APPROACH
  • FIGURE 7 MARKET: RESEARCH APPROACH
  • FIGURE 8 MARKET ESTIMATION NOTES
  • FIGURE 9 MARKET: DATA TRIANGULATION
  • FIGURE 10 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES
  • FIGURE 11 MARKET OVERVIEW
  • FIGURE 12 MARKET, BY REGION, 2024–2030 (USD MILLION)
  • FIGURE 13 MARKET, BY VEHICLE TOP SPEED, 2024 VS. 2030 (THOUSAND UNITS)
  • FIGURE 14 KEY PLAYERS IN MARKET
  • FIGURE 15 GOVERNMENT INITIATIVES FOR PROMOTING LOW-EMISSION TRANSPORT TO DRIVE MARKET
  • FIGURE 16 AC (NORMAL CHARGING) TO BE DOMINANT SEGMENT DURING FORECAST PERIOD
  • FIGURE 17 COMMERCIAL VEHICLE SEGMENT TO GROW AT HIGHER CAGR THAN PASSENGER CAR SEGMENT DURING FORECAST PERIOD
  • FIGURE 18 MID-PRICED SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 19 BATTERY ELECTRIC VEHICLE TO BE LARGEST SEGMENT DURING FORECAST PERIOD
  • FIGURE 20 >125 MPH SEGMENT TO GROW AT FASTER RATE THAN <125 MPH DURING FORECAST PERIOD
  • FIGURE 21 ALL-WHEEL DRIVE SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 22 800V SEGMENT TO REGISTER HIGHER CAGR THAN 400V SEGMENT DURING FORECAST PERIOD
  • FIGURE 23 ASIA PACIFIC TO ACCOUNT FOR DOMINANT MARKET SHARE IN 2024
  • FIGURE 24 MARKET: TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • FIGURE 25 MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 26 ELECTRIFICATION TARGETS BY COUNTRIES
  • FIGURE 27 EXPECTED NUMBER OF PUBLIC ELECTRIC VEHICLE CHARGING STATIONS IN INDIA BY 2030
  • FIGURE 28 LIFECYCLE GREENHOUSE GAS EMISSIONS, 2021 VS. 2030
  • FIGURE 29 EMISSIONS OF ELECTRIC VEHICLES AND GASOLINE VEHICLES
  • FIGURE 30 PURCHASE COST FOR ELECTRIC AND ICE VEHICLES, BY KEY MODELS
  • FIGURE 31 FUEL STATION AVERAGE PRICE COMPARISON
  • FIGURE 32 OPERATION OF WIRELESS CHARGING TECHNOLOGY
  • FIGURE 33 ELECTRIC VEHICLE CHARGING TIME
  • FIGURE 34 ELECTRIC VEHICLE CHARGERS USED WORLDWIDE
  • FIGURE 35 ELECTRIC VEHICLE CHARGERS USED IN INDIA
  • FIGURE 36 US: TOTAL COST OF OWNERSHIP BREAKDOWN
  • FIGURE 37 BILL OF MATERIALS OF ICE AND ELECTRIC VEHICLES, 2023 VS. 2030
  • FIGURE 38 INVESTMENT AND FUNDING SCENARIO, 2020–2024
  • FIGURE 39 TOP-SELLING ELECTRIC VEHICLES WORLDWIDE, 2023
  • FIGURE 40 MARKET: ECOSYSTEM ANALYSIS
  • FIGURE 41 MARKET: SUPPLY CHAIN ANALYSIS
  • FIGURE 42 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 2 VEHICLE TYPES
  • FIGURE 43 KEY BUYING CRITERIA FOR PASSENGER CARS
  • FIGURE 44 KEY BUYING CRITERIA FOR COMMERCIAL VEHICLES
  • FIGURE 45 PARTS OF V2X
  • FIGURE 46 HOW V2G CHARGING WORKS
  • FIGURE 47 ELECTRIC VEHICLES WITH V2L
  • FIGURE 48 SOLID-STATE BATTERY ROADMAP, 2035+
  • FIGURE 49 DIRECT BOROHYDRIDE FUEL CELL WORKING
  • FIGURE 50 BATTERY MANAGEMENT AND MONITORING SYSTEM
  • FIGURE 51 BATTERY MANAGEMENT AND MONITORING SYSTEM OF ELECTRIC VEHICLE ARCHITECTURE
  • FIGURE 52 NUMBER OF PATENTS GRANTED IN MARKET, 2013–2024
  • FIGURE 53 MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
  • FIGURE 54 MARKET, BY VEHICLE TOP SPEED, 2024 VS. 2030 (THOUSAND UNITS)
  • FIGURE 55 COMPARISON OF ELECTRIC VEHICLE DRIVE TYPES
  • FIGURE 56 MARKET, BY VEHICLE DRIVE TYPE, 2024 VS. 2030 (THOUSAND UNITS)
  • FIGURE 57 MARKET, BY VEHICLE CLASS, 2024–2030 (THOUSAND UNITS)
  • FIGURE 58 SIGNIFICANCE OF V2X IN MARKET
  • FIGURE 59 V2X COMMUNICATION
  • FIGURE 60 MARKET: FACTORS IMPACTING V2X
  • FIGURE 61 MARKET, BY CHARGING POINT TYPE, 2024–2030 (THOUSAND UNITS)
  • FIGURE 62 INDUCTIVE ELECTRIC VEHICLE CHARGING
  • FIGURE 63 ELECTRIC VEHICLE COMPARISON BY PROPULSION
  • FIGURE 64 MARKET, BY PROPULSION, 2024–2030 (THOUSAND UNITS)
  • FIGURE 65 MARKET, BY E/E ARCHITECTURE, 2024 VS. 2030 (THOUSAND UNITS)
  • FIGURE 66 ELECTRIC VEHICLE PLANS AND INVESTMENTS BY KEY OEMS
  • FIGURE 67 KEY TRANSPORT POLICIES AND TARGETS BY COUNTRIES
  • FIGURE 68 PARTNERSHIP OF ELECTRIC VEHICLE OEMS WITH BATTERY MANUFACTURERS
  • FIGURE 69 ASIA PACIFIC TO BE LARGEST MARKET DURING FORECAST PERIOD
  • FIGURE 70 ASIA PACIFIC: MARKET SNAPSHOT
  • FIGURE 71 ELECTRIC VEHICLE MOBILITY LANDSCAPE IN CHINA
  • FIGURE 72 INDIA: MARKET SHARE OF TOP 5 ELECTRIC VEHICLE BRANDS, 2023
  • FIGURE 73 ELECTRIC VEHICLES SOLD IN THAILAND, 2020–2024
  • FIGURE 74 BESTSELLING BATTERY ELECTRIC VEHICLE MODELS IN EUROPE, 2023
  • FIGURE 75 GERMANY TO LEAD MARKET IN EUROPE DURING FORECAST PERIOD
  • FIGURE 76 GERMANY: ELECTRIC VEHICLE ROADMAP
  • FIGURE 77 BESTSELLING ELECTRIC VEHICLES IN GERMANY, 2023
  • FIGURE 78 BESTSELLING ELECTRIC VEHICLES IN NETHERLANDS, 2023
  • FIGURE 79 UK: ELECTRIC VEHICLE ROADMAP
  • FIGURE 80 NORTH AMERICA: MARKET SNAPSHOT
  • FIGURE 81 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2024 VS. 2030 (THOUSAND UNITS)
  • FIGURE 82 MARKET SHARE ANALYSIS, 2023
  • FIGURE 83 REVENUE ANALYSIS OF KEY PLAYERS IN MARKET, 2019–2023
  • FIGURE 84 COMPANY VALUATION, JUNE 2024 (USD BILLION)
  • FIGURE 85 EV/EBITDA OF KEY PLAYERS, JUNE 2024
  • FIGURE 86 MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
  • FIGURE 87 MARKET: COMPANY FOOTPRINT, 2023
  • FIGURE 88 MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
  • FIGURE 89 BYD: COMPANY SNAPSHOT
  • FIGURE 90 TESLA: COMPANY SNAPSHOT
  • FIGURE 91 VOLKSWAGEN: COMPANY SNAPSHOT
  • FIGURE 92 VOLKSWAGEN: REPORTING STRUCTURE
  • FIGURE 93 VOLKSWAGEN: 2024, Q1 DELIVERIES GROWTH RATE, BY REGION
  • FIGURE 94 ZHEJIANG GEELY HOLDING GROUP: COMPANY SNAPSHOT
  • FIGURE 95 ZHEJIANG GEELY HOLDING GROUP: BRANDS
  • FIGURE 96 ZHEJIANG GEELY HOLDING GROUP: PRODUCT LINE-UP OF VOLVO
  • FIGURE 97 SAIC MOTOR: COMPANY SNAPSHOT
  • FIGURE 98 STELLANTIS: COMPANY SNAPSHOT
  • FIGURE 99 STELLANTIS: ELECTRIFICATION PLANS
  • FIGURE 100 BMW GROUP: COMPANY SNAPSHOT
  • FIGURE 101 BMW GROUP: ELECTRIC VEHICLE PLANS
  • FIGURE 102 NISSAN MOTORS: COMPANY SNAPSHOT
  • FIGURE 103 HYUNDAI GROUP: COMPANY SNAPSHOT
  • FIGURE 104 HYUNDAI GROUP: FUEL CELL ELECTRIC VEHICLE STRATEGY
  • FIGURE 105 GREAT WALL MOTOR: COMPANY SNAPSHOT
  • FIGURE 106 GREAT WALL MOTOR: GLOBAL R&D NETWORK
  • FIGURE 107 TOYOTA MOTOR CORPORATION: COMPANY SNAPSHOT
  • FIGURE 108 TOYOTA MOTOR CORPORATION: INVESTMENT IN BATTERY ELECTRIC VEHICLES
  • FIGURE 109 GAC MOTOR: COMPANY SNAPSHOT

 

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.

Electric Vehicle Market Size, and Share

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.

Electric Vehicle Market Bottom Up Approach

To know about the assumptions considered for the study, Request for Free Sample Report

Electric Vehicle Market Top Down Approach

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)

Previous Versions of this Report

Electric Vehicle Market by Component, Vehicle Type, Vehicle Class, Propulsion (BEV, PHEV, FCEV), Vehicle Drive Type (FWD, RWD, AWD), Vehicle Top Speed (<125 mph, >125 mph), Charging Point Type, Vehicle Connectivity, End Use, Region - Global Forecast 2030

Report Code AT 4907
Published in Jul, 2023, By MarketsandMarkets™

Electric Vehicle Market by Component, Vehicle Type, Vehicle Class, Propulsion (BEV, PHEV, FCEV), Vehicle Drive Type (FWD, RWD, AWD), Vehicle Top Speed (<125 mph, >125 mph), Charging Point Type, Vehicle Connectivity, End Use, Region-Global Forecast 2030

Report Code AT 4907
Published in Apr, 2022, By MarketsandMarkets™

Electric Vehicle Market by Component, Vehicle (Passenger Cars, CV), Propulsion (BEV, PHEV, FCEV), Vehicle Drive Type (FWD, RWD, AWD), Vehicle Top Speed (<125 mph, >125 mph), Charging Point, Vehicle Class, V2G, Region-Global Forecast 2030

Report Code AT 4907
Published in May, 2021, By MarketsandMarkets™

Electric Vehicle Market by Vehicle (Passenger Cars & Commercial Vehicles), Vehicle Class (Mid-priced & Luxury), Propulsion (BEV, PHEV & FCEV), EV Sales (OEMs/Models) Charging Station (Normal & Super) & Region - Global Forecast to 2030

Report Code AT 4907
Published in Jun, 2019, By MarketsandMarkets™

Electric Vehicle Market by Propulsion (BEV, PHEV, FCEV), Vehicle (PC, CV), Charging Station (Normal, Super, Inductive), Charging Infrastructure (Normal, Type-2-AC, CHAdeMO, CCS, Tesla SC), Power Output, Installation, and Region - Global Forecast to 2025

Report Code AT 4907
Published in Jun, 2018, By MarketsandMarkets™

Electric Vehicle Market by Propulsion (BEV, PHEV, FCEV), Vehicle (PC, CV), Charging Station (Normal, Super, Inductive), Charging Infrastructure (Normal, Type-2-AC, CHAdeMO, CCS, Tesla SC), Power Output, Installation, and Region - Global Forecast to 2025

Report Code AT 4907
Published in Jan, 2017, By MarketsandMarkets™
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Growth opportunities and latent adjacency in Electric Vehicle Market

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..

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