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Electric Vehicles (EVs) - Market Analysis, Trends, and Forecasts

  • ID: 344052
  • Report
  • February 2020
  • Region: Global
  • 98 Pages
  • Global Industry Analysts, Inc
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Electric Vehicles (EVs) market worldwide is projected to grow by 62.3 Billion Units, driven by a compounded growth of 64.9%. Battery Electric Vehicles (BEV), one of the segments analyzed and sized in this study, displays the potential to grow at over 63.4%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over 41.9 Billion Units by the year 2025, Battery Electric Vehicles (BEV) will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 71.9% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over 1.4 Billion Units to the region's size and clout in the next 5 to 6 years. Over 2.8 Billion Units worth of projected demand in the region will come from Rest of Europe markets. In Japan, Battery Electric Vehicles (BEV) will reach a market size of 2.5 Billion Units by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 61.8% over the next couple of years and add approximately 9.8 Billion Units in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,
  • Bayerische Motoren Werke AG
  • BYD Company Limited
  • Daimler AG
  • DONGFENG ELECTRIC VEHICLE Co., LTD.
  • Faraday Future
  • FDG Electric Vehicles Limited
  • Ford Motor Company
  • General Motors Company
  • Global Electric Motorcars (GEM)
  • Groupe Renault
  • Honda Motor Co., Ltd.
  • Hyundai Motor Company
  • Karma Automotive
  • Lucid Motors
  • Mitsubishi Motors Corporation
  • NEXT Future Transportation Inc.
  • NextEV
  • Nissan Motor Co., Ltd.
  • Tesla Motors Inc.
  • The Geely Group
  • Toyota Motor Corp.
  • Volkswagen AG
Note: Product cover images may vary from those shown
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II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Recent Market Activity

Can Electric Vehicles Emerge to be a Disruptive Technology Capable of Changing the Face of the Global Auto Industry?

The Rise, the Death and the Resurgence of Electric Vehicles (EVs)

Global Competitor Market Shares

Electric Vehicles (EVs) Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

2. FOCUS ON SELECT PLAYERS

Tesla Motors Inc. (USA)

Lucid Motors (USA)

Faraday Future (USA)

NextEV (China)

Karma Automotive LLC (USA)

NEXT Future Transportation, Inc. (USA)

Global Electric Motorcars (GEM) (USA)

FDG Electric Vehicles Limited (Hong Kong)

Dongfeng Electric Vehicle Co., Ltd. (China)

The Geely Group (China)

Bayerische Motoren Werke AG (Germany)

BYD Company Limited (China)

Daimler AG (Germany)

Ford Motor Company (USA)

General Motors Company (USA)

Groupe Renault (France)

Honda Motor Co., Ltd. (Japan)

Hyundai Motor Company (South Korea)

Mitsubishi Motors Corporation (Japan)

Nissan Motor Co., Ltd. (Japan)

Toyota Motor Corp. (Japan)

Volkswagen AG (Germany)

3. MARKET TRENDS & DRIVERS

Automotive Industry’s Continuous Struggle with the Environment Paves the Way Forward for EVs

Stringent Regulations: The Cornerstone for Growth in the Market

Review of Green House Gas Emissions and Fuel Economy Standards for Vehicles Across the World

Emissions Regulations Landscape in Major Country/Region

Government Support through Funding & Incentive Programs Accelerates Greening of the Automotive Industry

Advancements in Battery Technologies, Especially Lithium-Ion, Vital for Electric Car Domination

Promising Breakthroughs in Lithium-Ion Infuses Optimism Over the Market's Future Growth

Hybrid Vehicles as a Bridge Towards Pure Electric Vehicles, to Witness Immediate Market Opportunities for Growth

Plug-in Hybrid Electric Vehicle Long Electric Range (PHEVLER): A Disruptive Technology in the Making

Growing Trend Towards Small/Micro and Low-Speed Electric Vehicles

Developing Markets: The Focal Point for Future Growth

Zero Emission Battery-Powered Longer Range BEVs: The Ultimate Vision of the EV Future

Fuel Cell EVs (FCEVs): Not a Threat to BEVs

Recent Oil Price Crash: A Temporary Set Back to the EV Industry

EVs: Charging Forward With Advancements in Charging Infrastructure

Smart Grid Technologies to Optimize Charging Infrastructure and Catalyze Growth of Electric Vehicles

A Review of Progressive Battery Technology Developments

"Smart" Membrane for Fast Charging of Batteries

Lithium-Ion Batteries: The Focal Area of Battery Innovations

Research in Biodegradable Batteries

Lithium-Oxygen Batteries

Nanotechnology-Based Thin-Film Lithium-Ion Batteries

Innovation in EV Vehicle Models

Nissan and Endesa to Promote V2G Technology in Europe

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Electric Vehicles (EVs) Global Market Estimates and Forecasts in Thousand Units by Region/Country: 2018-2025

TABLE 2: Electric Vehicles (EVs) Global Retrospective Market Scenario in Thousand Units by Region/Country: 2009-2017

TABLE 3: Electric Vehicles (EVs) Market Share Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025

TABLE 4: Battery Electric Vehicles (BEV) (Product Segment) World Market by Region/Country in Thousand Units: 2018 to 2025

TABLE 5: Battery Electric Vehicles (BEV) (Product Segment) Historic Market Analysis by Region/Country in Thousand Units: 2009 to 2017

TABLE 6: Battery Electric Vehicles (BEV) (Product Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2009 VS 2019 VS 2025

TABLE 7: Plugin Hybrid Electric Vehicles (PHEV) (Product Segment) Potential Growth Markets Worldwide in Thousand Units: 2018 to 2025

TABLE 8: Plugin Hybrid Electric Vehicles (PHEV) (Product Segment) Historic Market Perspective by Region/Country in Thousand Units: 2009 to 2017

TABLE 9: Plugin Hybrid Electric Vehicles (PHEV) (Product Segment) Market Sales Breakdown by Region/Country in Percentage: 2009 VS 2019 VS 2025

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Electric Vehicles (EVs) Market Share (in %) by Company: 2020 & 2025

Market Analytics

TABLE 10: United States Electric Vehicles (EVs) Market Estimates and Projections in Thousand Units by Product Segment: 2018 to 2025

TABLE 11: Electric Vehicles (EVs) Market in the United States by Product Segment: A Historic Review in Thousand Units for 2009-2017

TABLE 12: United States Electric Vehicles (EVs) Market Share Breakdown by Product Segment: 2009 VS 2019 VS 2025

CANADA

TABLE 13: Canadian Electric Vehicles (EVs) Market Estimates and Forecasts in Thousand Units by Product Segment: 2018 to 2025

TABLE 14: Canadian Electric Vehicles (EVs) Historic Market Review by Product Segment in Thousand Units: 2009-2017

TABLE 15: Electric Vehicles (EVs) Market in Canada: Percentage Share Breakdown of Sales by Product Segment for 2009, 2019, and 2025

JAPAN

TABLE 16: Japanese Market for Electric Vehicles (EVs): Annual Sales Estimates and Projections in Thousand Units by Product Segment for the Period 2018-2025

TABLE 17: Electric Vehicles (EVs) Market in Japan: Historic Sales Analysis in Thousand Units by Product Segment for the Period 2009-2017

TABLE 18: Japanese Electric Vehicles (EVs) Market Share Analysis by Product Segment: 2009 VS 2019 VS 2025

CHINA

TABLE 19: Chinese Electric Vehicles (EVs) Market Growth Prospects in Thousand Units by Product Segment for the Period 2018-2025

TABLE 20: Electric Vehicles (EVs) Historic Market Analysis in China in Thousand Units by Product Segment: 2009-2017

TABLE 21: Chinese Electric Vehicles (EVs) Market by Product Segment: Percentage Breakdown of Sales for 2009, 2019, and 2025

EUROPE

Market Facts & Figures

European Electric Vehicles (EVs) Market: Competitor Market Share Scenario (in %) for 2020 & 2025

Market Analytics

TABLE 22: European Electric Vehicles (EVs) Market Demand Scenario in Thousand Units by Region/Country: 2018-2025

TABLE 23: Electric Vehicles (EVs) Market in Europe: A Historic Market Perspective in Thousand Units by Region/Country for the Period 2009-2017

TABLE 24: European Electric Vehicles (EVs) Market Share Shift by Region/Country: 2009 VS 2019 VS 2025

TABLE 25: European Electric Vehicles (EVs) Market Estimates and Forecasts in Thousand Units by Product Segment: 2018-2025

TABLE 26: Electric Vehicles (EVs) Market in Europe in Thousand Units by Product Segment: A Historic Review for the Period 2009-2017

TABLE 27: European Electric Vehicles (EVs) Market Share Breakdown by Product Segment: 2009 VS 2019 VS 2025

FRANCE

TABLE 28: Electric Vehicles (EVs) Market in France by Product Segment: Estimates and Projections in Thousand Units for the Period 2018-2025

TABLE 29: French Electric Vehicles (EVs) Historic Market Scenario in Thousand Units by Product Segment: 2009-2017

TABLE 30: French Electric Vehicles (EVs) Market Share Analysis by Product Segment: 2009 VS 2019 VS 2025

GERMANY

TABLE 31: Electric Vehicles (EVs) Market in Germany: Recent Past, Current and Future Analysis in Thousand Units by Product Segment for the Period 2018-2025

TABLE 32: German Electric Vehicles (EVs) Historic Market Analysis in Thousand Units by Product Segment: 2009-2017

TABLE 33: German Electric Vehicles (EVs) Market Share Breakdown by Product Segment: 2009 VS 2019 VS 2025

ITALY

TABLE 34: Italian Electric Vehicles (EVs) Market Growth Prospects in Thousand Units by Product Segment for the Period 2018-2025

TABLE 35: Electric Vehicles (EVs) Historic Market Analysis in Italy in Thousand Units by Product Segment: 2009-2017

TABLE 36: Italian Electric Vehicles (EVs) Market by Product Segment: Percentage Breakdown of Sales for 2009, 2019, and 2025

UNITED KINGDOM

TABLE 37: United Kingdom Market for Electric Vehicles (EVs): Annual Sales Estimates and Projections in Thousand Units by Product Segment for the Period 2018-2025

TABLE 38: Electric Vehicles (EVs) Market in the United Kingdom: Historic Sales Analysis in Thousand Units by Product Segment for the Period 2009-2017

TABLE 39: United Kingdom Electric Vehicles (EVs) Market Share Analysis by Product Segment: 2009 VS 2019 VS 2025

REST OF EUROPE

TABLE 40: Rest of Europe Electric Vehicles (EVs) Market Estimates and Forecasts in Thousand Units by Product Segment: 2018-2025

TABLE 41: Electric Vehicles (EVs) Market in Rest of Europe in Thousand Units by Product Segment: A Historic Review for the Period 2009-2017

TABLE 42: Rest of Europe Electric Vehicles (EVs) Market Share Breakdown by Product Segment: 2009 VS 2019 VS 2025

ASIA-PACIFIC

TABLE 43: Electric Vehicles (EVs) Market in Asia-Pacific by Product Segment: Estimates and Projections in Thousand Units for the Period 2018-2025

TABLE 44: Asia-Pacific Electric Vehicles (EVs) Historic Market Scenario in Thousand Units by Product Segment: 2009-2017

TABLE 45: Asia-Pacific Electric Vehicles (EVs) Market Share Analysis by Product Segment: 2009 VS 2019 VS 2025

REST OF WORLD

TABLE 46: Rest of World Electric Vehicles (EVs) Market Estimates and Forecasts in Thousand Units by Product Segment: 2018 to 2025

TABLE 47: Rest of World Electric Vehicles (EVs) Historic Market Review by Product Segment in Thousand Units: 2009-2017

TABLE 48: Electric Vehicles (EVs) Market in Rest of World: Percentage Share Breakdown of Sales by Product Segment for 2009, 2019, and 2025

IV. COMPETITION

Total Companies Profiled: 77

Note: Product cover images may vary from those shown
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