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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

  • ID: 4792991
  • Report
  • Region: Global
  • 155 Pages
  • Markets and Markets
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The Global Electric Vehicle Market is Estimated to Grow from 3,269,671 Units in 2019 to Reach 26,951,318 Units by 2030, at a CAGR of 21.1%.

FEATURED COMPANIES

  • Alcraft Motor Company
  • BYD
  • Daimler
  • Ford
  • Hyundai
  • North America
  • MORE

Heavy investments from automakers in EVs and encouraging government policies and subsidies are significant factors for the growth of the electric vehicle market globally

Increased emphasis on reduction in carbon emissions is expected to boost the market. However, lack of availability of charging stations and initial high costs can create a hurdle for its growth.

Increasing adoption of electric buses likely to propel the growth of commercial vehicles during the forecast period

The commercial vehicle segment is expected to be the fastest-growing market. Increasing adoption of electric buses, particularly in China and India, has contributed to the growth of the electric commercial vehicle segment. Several countries are expected to replace their existing fuel-based bus fleet with electric buses. The increasing trend of replacing fossil fuel-based public transport fleet with electric buses will drive the growth of electric commercial vehicles during the forecast period. Additionally, the growth of eCommerce, logistics, and shared mobility will drive the growth of electric commercial vehicles during the forecast period.

Mid-priced vehicle segment is expected to grow at the highest CAGR

The future of EVs is expected to be bright and with time, the price of batteries, one of the most vital components in an EV, will reduce significantly, which would make EVs more affordable. Mid-priced vehicle class has limited features with less emphasis on features like infotainment, instrument cluster, and other expensive features. China is one of the leading countries in the mid-priced segment. Companies such as BYD, Smart, and Great Wall Motors are manufacturing comparatively less expensive vehicles. In July 2018, Great Wall Motors announced a partnership with BMW Group to produce electric Mini vehicles in China. In December 2018, the company launched its new flagship vehicle—ORA R1—under its new ‘ORA’ electric car brand. The small urban car will cost only USD 8,680 after incentives with a range of almost 200 miles.

The Asia Pacific market is expected to register the fastest growth during the forecast period

The Asia Pacific market is expected to witness the fastest growth, followed by Europe and North America. The automotive industry in countries such as China, Japan, and South Korea is inclined toward innovation, technology, and development of advanced electric vehicles. The increasing demand for reducing carbon emission and developing more advanced and fast charging stations are expected to propel the growth of electric vehicles. BYD, BAIC, Chery, and SAIC, among others, are some of the key players in the Asia Pacific electric vehicle market.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.

  • By Company Type: Tier I - 38%, Tier II - 37%, and Tier OEM - 25%
  • By Designation: C Level - 30%, D Level - 50%, and Others - 20%
  • By Region: North America - 31%, Europe - 32%, and Asia Pacific - 37%

The electric vehicle market comprises major manufacturers such as Tesla (US), BYD (China), BMW(Germany), Volkswagen (Germany), and Nissan (Japan).

Research Coverage

The market study covers the electric vehicle market across segments. It aims at estimating the market size and future growth potential of this market across different segments such as charging station type, propulsion type, vehicle type, vehicle class, component, and region. The study also includes an in-depth competitive analysis of the key players in the market along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report

The report will help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall electric vehicle market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Alcraft Motor Company
  • BYD
  • Daimler
  • Ford
  • Hyundai
  • North America
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered 
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Secondary Sources
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Sampling Techniques & Data Collection Methods
2.1.2.2 Primary Participants
2.1.2.3 Key Data From Primary Sources
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Bottom-Up Approach for EVES Market
2.2.3 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Electric Vehicle Market
4.2 EV Market, By Region
4.3 EV Market, By Propulsion Type
4.4 EV Market, By Vehicle Class
4.5 EV Market, By Vehicle Type
4.6 EVSE Market, By Charging Station Type

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Favorable Government Policies and Subsidies
5.2.1.2 Heavy Investments From Automakers in EVs
5.2.1.3 Growing Concerns Over Environmental Pollution
5.2.1.4 Demand for Increased Vehicle Range Per Charge
5.2.1.5 Major Increase in EV Models
5.2.2 Restraints
5.2.2.1 Lack of Standardization of Charging Infrastructure
5.2.3 Opportunities
5.2.3.1 Use of Vehicle-To-Grid (V2G) EV Charging Stations
5.2.3.2 EV Charging Stations Powered By Renewable Energy
5.2.4 Challenges
5.2.4.1 High Cost of EVs in Comparison to Ice Vehicles
5.2.4.2 Stringent Rules for Installation of Charging Stations
5.2.4.3 Limited Range of EVs
5.3 Upcoming Electric Vehicle Models
5.4 Europe Passenger Car Market Share Analysis
5.4.1 BEV
5.4.2 PHEV
5.5 US Passenger Car Market Share Analysis 2017
5.6 US Passenger Car Market Share Analysis 2018
5.7 China Passenger Car Market Share Analysis 2017
5.8 China Passenger Car Market Share Analysis 2018
5.9 Transition Towards Electric Vehicles From ICE
5.10 Companies Analysis in EV Ecosystem
5.10.1 Competitive Leadership Mapping (Major Players)
5.10.2 Competitive Leadership Mapping (SME/Start-UPS)
5.10.3 EV Ecosystem Competitive Leadership Mapping

6 Industry Trends
6.1 Introduction
6.2 Shared Mobility
6.3 Batteries Used in Solar Vehicles
6.3.1 Lead–Acid Battery
6.3.2 Lead Carbon Battery
6.3.3 Lithium–Ion Battery
6.3.4 Solid-State Battery (SSB)
6.4 Smart Charging System

7 Global EV Market, By Government Regulations
7.1 Introduction
7.2 Canada
7.3 China
7.4 Denmark
7.5 France
7.6 Austria
7.7 Germany
7.8 Spain

8 Global EV Market, By Component
8.1 Introduction
8.2 Battery Cells & Packs
8.3 On-Board Charger
8.4 Infotainment System

9 Global EV Market, By Charging Station Type
9.1 Introduction
9.2 Research Methodology
9.3 Normal Charging
9.3.1 Increase Adoption of Electric Vehicles Will Boost the Demand
9.4 Super Charging
9.4.1 Demand for Fast Charging Station Will Boost the Demand for Super Charging
9.5 Key Primary Insights

10 Global EV Market, By Propulsion Type
10.1 Introduction
10.2 Research Methodology
10.3 Battery Electric Vehicle (BEV)
10.3.1 Increase in Vehicle Range Per Charge Will Boost the Demand
10.4 Fuel Cell Electric Vehicle (FCEV)
10.4.1 Demand for Zero-Emission Vehicles Will Uplift the Market
10.5 Plug-In Hybrid Electric Vehicle (PHEV)
10.5.1 Government Providing Tax Benefits and Incentives Will Boost the Demand
10.6 Hybrid Electric Vehicle (HEV)
10.7 Key Primary Insights

11 Global EV Market, By Vehicle Type
11.1 Introduction
11.2 Research Methodology
11.3 Passenger Car (PC)
11.3.1 Growing Emission Norms Will Boost the Demand
11.4 Commercial Vehicles (CV)
11.4.1 Growth of E-Commerce and Logistics Will Boost the Demand
11.5 Key Primary Insights

12 Global EV Market, By Vehicle Class
12.1 Introduction
12.2 Research Methodology
12.3 Mid-Priced
12.3.1 Decrease in Battery Price Will Boost the Demand
12.4 Luxury
12.4.1 Demand for High-End Technology Will Boost the Demand
12.5 Key Primary Insights

13 Global EV Market, By Region
13.1 Introduction
13.2 Asia Pacific
13.2.1 China
13.2.1.1 Increased Investment in Charging Infrastructure Will Uplift the Market
13.2.2 India
13.2.2.1 ABB to Set Up Electric Vehicle Chargers Facilities Will Boost the Demand
13.2.3 Japan
13.2.3.1 Advancement in Battery Technology Will Boost the Demand
13.2.4 South Korea
13.2.4.1 Increased Investment in Electric Vehicles Will Boost the Demand
13.3 Europe
13.3.1 France
13.3.1.1 Government Offering Purchase Grants Will Boost the Demand
13.3.2 Germany
13.3.2.1 Rising Sales of Hybrid Vehicles By Domestic Players Will Boost the Demand
13.3.3 Netherlands
13.3.3.1 Government Focus Towards Greener Vehicles Will Boost the Demand
13.3.4 Norway
13.3.4.1 Emergence of E-Mobility Will Boost the Demand
13.3.5 Sweden
13.3.5.1 Strong Existing Charging Infrastructure Will Boost the Demand
13.3.6 UK
13.3.6.1 Country Investment Towards Ultra-Low Emission Vehicles Will Boost the Demand
13.3.7 Denmark
13.3.7.1 Government Promoting Private Infrastructure Will Boost the Demand
13.3.8 Austria
13.3.8.1 Country Moving Towards Cleaner Vehicles Will Boost the Demand
13.3.9 Switzerland
13.3.9.1 Country Focus Towards Expansion of Electric Vehicle Charging Infrastructure
13.3.10 Spain
13.3.10.1 Increasing Investments in FCEV Will Uplift the Market
13.4 North America
13.4.1 Canada
13.4.1.1 Increasing Development in Electric Vehicles Infrastructure Will Boost the Demand
13.4.2 US
13.4.2.1 Increasing Production Capacity of Electric Vehicles Will Uplift the Market

14 Competitive Landscape
14.1 Overview
14.2 Market Ranking Analysis
14.3 Competitive Scenario
14.4 Global Competitive Leadership Mapping (Major Players)
14.4.1 Visionary Leaders
14.4.2 Innovators
14.4.3 Dynamic Differentiators
14.4.4 Emerging Companies
14.5 Competitive Leadership Mapping (SME/Start-UPS)
14.5.1 Progressive Companies
14.5.2 Responsive Companies
14.5.3 Dynamic Companies
14.5.4 Starting Blocks
14.6 Competitive Leadership Mapping (EV Components)

15 Company Profiles
(Overview, Products Offered, Recent Developments & SWOT Analysis)*
15.1 Key Players
15.1.1 Tesla Motors
15.1.2 Nissan Motor
15.1.3 BYD
15.1.4 BMW
15.1.5 Volkswagen
15.1.6 Toyota
15.1.7 Ford
15.1.8 Volvo
15.1.9 Daimler
15.1.10 Hyundai
15.1.11 Honda
15.1.12 Continental
15.2 Key Players From Other Regions
15.2.1 North America
15.2.1.1 General Motors
15.2.1.2 Rivian
15.2.1.3 Faraday Future
15.2.1.4 Fisker
15.2.2 Europe
15.2.2.1 Alcraft Motor Company
15.2.3 Asia Pacific
15.2.3.1 Byton
15.2.3.2 KIA Motors
15.2.3.3 BAIC Motor
15.2.3.4 Chery
15.2.3.5 SAIC Motor
15.2.3.6 JAC
15.2.3.7 Zotye
15.2.3.8 Geely

*Details on Overview, Products Offered, Recent Developments & SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.

16 Appendix
16.1 Key Insights of Industry Experts
16.2 Discussion Guide
16.3 Knowledge Store: Publishers Subscription Portal
16.4 Available Customizations
16.5 Related Reports
16.6 Author Details

List of Tables

Table 1 Currency Exchange Rates (Per 1 USD)
Table 2 Impact of Market Dynamics
Table 3 Upcoming Electric Vehicle Models, 2019–2028
Table 4 Existing Subsidies and Tax Structure, Canada, 2018
Table 5 Existing Charging Station Standards in China
Table 6 Existing Subsidies and Tax Structure, China, 2018
Table 7 Existing Subsidies and Tax Structure, Denmark, 2018
Table 8 Existing Subsidies and Tax Structure, France, 2018
Table 9 Existing Subsidies and Tax Structure, Austria, 2018
Table 10 Existing Subsidies and Tax Structure, Germany, 2018
Table 11 Existing Subsidies and Tax Structure, Spain, 2018
Table 12 EVSE Market, By Charging Station Type, 2017–2027 (Units)
Table 13 Normal Charging: EVSE Market, By Region, 2017–2027 (Units)
Table 14 Super Charging: EVSE Market, By Region, 2017–2027 (Units)
Table 15 Electric Vehicle Market, By Propulsion Type, 2017–2030 (Thousand Units)
Table 16 BEV: Market, By Region, 2017–2030 (Thousand Units)
Table 17 FCEV: Market, By Region, 2017–2030 (Thousand Units)
Table 18 PHEV: Market, By Region, 2017–2030 (Thousand Units)
Table 19 EV Market, By Vehicle Type, 2017–2030 (Thousand Units)
Table 20 Passenger Car: Market, By Region, 2017–2030 (Thousand Units)
Table 21 Commercial Vehicles: Market, By Region, 2017–2030 (Thousand Units)
Table 22 EV Market Size, By Vehicle Class, 2017–2030 (Thousand Units)
Table 23 Mid-Priced: Market Size, By Region, 2017–2030 (Thousand Units)
Table 24 Luxury: Market Size, By Region, 2017–2030 (Thousand Units)
Table 25 EV Market, By Region, 2017–2030 (Thousand Units)
Table 26 Asia Pacific: Passenger Car EV Market, By Country, 2017–2030 (Units)
Table 27 China: Passenger Car EV Market, By Propulsion Type, 2017–2030 (Units)
Table 28 India: Passenger Car EV Market, By Propulsion Type, 2017–2030 (Units)
Table 29 Japan: Passenger Car EV Market, By Propulsion Type, 2017–2030 (Units)
Table 30 South Korea: Passenger Car EV Market, By Propulsion Type, 2017–2030 (Units)
Table 31 Europe: Passenger Car EV Market, By Country, 2017–2030 (Units)
Table 32 France: Passenger Car EV Market, By Propulsion Type, 2017–2030 (Units)
Table 33 Germany: Passenger Car EV Market, By Propulsion Type, 2017–2030 (Units)
Table 34 Netherlands: Passenger Car EV Market, By Propulsion Type, 2017–2030 (Units)
Table 35 Norway: Passenger Car EV Market, By Propulsion Type, 2017–2030 (Units)
Table 36 Sweden: Passenger Car EV Market, By Propulsion Type, 2017–2030 (Units)
Table 37 UK: Passenger Car EV Market, By Propulsion Type, 2017–2030 (Units)
Table 38 Denmark: Passenger Car EV Market, By Propulsion Type, 2017–2030 (Units)
Table 39 Austria: Passenger Car EV Market, By Propulsion Type, 2017–2030 (Units)
Table 40 Switzerland: Passenger Car EV Market, By Propulsion Type, 2017–2030 (Units)
Table 41 Spain: Passenger Car EV Market, By Propulsion Type, 2017–2030 (Units)
Table 42 North America: Passenger Car EV Market, By Country, 2017–2030 (Units)
Table 43 Canada: Passenger Car EV Market, By Propulsion Type, 2017–2030 (Units)
Table 44 US: Passenger Car EV Market, By Propulsion Type, 2017–2030 (Units)
Table 45 New Product Developments & Expansion, 2016-2019
Table 46 Partnerships/Supply Contracts/Collaborations/Joint Ventures/ Agreements, 2016-2019

List of Figures

Figure 1 Electric Vehicle Market Segmentation
Figure 2 Global EV Market: Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews
Figure 5 Market Size Estimation Methodology for the EV Market: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology for the EVSE Market: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology for the EV Market: Top-Down Approach
Figure 8 Data Triangulation
Figure 9 Decreasing Battery Prices
Figure 10 EV : Market Dynamics
Figure 11 Global Market, By Region, 2019–2030 (Thousand Units)
Figure 12 Normal Charging to Hold the Largest Share in the EVSE Market in 2019
Figure 13 Technological Advancements and Greater Intervention From Government are Anticipated to Fuel the Growth of Global EV Market From 2019 to 2030
Figure 14 Asia Pacific is Estimated to Hold the Largest Share of the EV Market in 2019
Figure 15 BEV Segment is Estimated to Hold the Largest Share of EV Market in 2019
Figure 16 Mid-Priced Segment to Hold the Largest Market Share, 2019 vs 2030 (Thousand Units)
Figure 17 Passenger Car is Estimated to Hold the Largest Share of EV Market in 2019
Figure 18 Normal Charging is Estimated to Hold the Largest Share of EVSE Market in 2019
Figure 19 Global Market Dynamics
Figure 20 Types of Electric Vehicle Batteries
Figure 21 Super Charging Segment is Expected to Grow at A Higher CAGR During the Forecast Period (2019–2027)
Figure 22 FCEV Segment is Expected to Grow at the Highest CAGR During the Forecast Period (2019–2030)
Figure 23 Commercial Vehicle Segment is Expected to Grow at the Highest CAGR During the Forecast Period (2019–2030)
Figure 24 Mid-Priced Segment is Expected to Grow at A Higher CAGR During the Forecast Period (2019–2030)
Figure 25 Asia Pacific is Estimated to Be the Fastest Growing Market for Electric Vehicles During the Forecast Period (2019–2030)
Figure 26 China Accounts for the Largest Market Share in the Asia Pacific EV Market, 2019 vs 2030
Figure 27 Europe: Passenger Car EV Market Snapshot
Figure 28 North America: Passenger Car EV Market Snapshot
Figure 29 Key Developments By Leading Players, 2016–2019
Figure 30 Ranking of Key Players, 2018
Figure 31 Global Competitive Leadership Mapping (Major Players), 2018
Figure 32 Competitive Leadership Mapping (SME/Start-UPS), 2018
Figure 33 EV Ecosystem Competitive Leadership Mapping, 2018
Figure 34 Tesla Motors: Company Snapshot
Figure 35 Tesla Motors: SWOT Analysis
Figure 36 Nissan Motor: Company Snapshot
Figure 37 Nissan: SWOT Analysis
Figure 38 BYD: Company Snapshot
Figure 39 BYD: SWOT Analysis
Figure 40 BMW Group: Company Snapshot
Figure 41 BMW: SWOT Analysis
Figure 42 Volkswagen: Company Snapshot
Figure 43 Volkswagen: SWOT Analysis
Figure 44 Toyota: Company Snapshot
Figure 45 Ford: Company Snapshot
Figure 46 Volvo: Company Snapshot
Figure 47 Daimler: Company Snapshot
Figure 48 Hyundai: Company Snapshot
Figure 49 Honda: Company Snapshot
Figure 50 Continental: Company Snapshot

Note: Product cover images may vary from those shown
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  • Alcraft Motor Company
  • Asia Pacific
  • BAIC Motor
  • BMW
  • BYD 
  • Byton
  • Chery
  • Continental
  • Daimler
  • Europe
  • Faraday Future
  • Fisker
  • Ford
  • Geely
  • General Motors
  • Honda
  • Hyundai
  • JAC
  • KIA Motors
  • Nissan Motor
  • North America
  • Rivian
  • SAIC Motor
  • Tesla Motors
  • Toyota
  • Volkswagen
  • Volvo
  • Zotye
Note: Product cover images may vary from those shown
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