E-SUVs - Global Strategic Business Report

The global market for E-SUVs was estimated at US$174.1 Billion in 2024 and is projected to reach US$308.0 Billion by 2030, growing at a CAGR of 10.0% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the E-SUVs market.

Global E-SUV Market - Key Trends & Drivers Summarized

Why Are Electric SUVs Gaining Popularity in the Automotive Industry?

The market for electric SUVs (E-SUVs) is experiencing exponential growth as consumers and governments shift toward sustainable transportation. With rising concerns over carbon emissions, air pollution, and fuel dependency, automakers are investing heavily in electrification, making E-SUVs a preferred choice among environmentally conscious buyers. The combination of spacious interiors, long-range capabilities, and advanced technology features has positioned electric SUVs as a dominant segment within the EV industry.

Government incentives, subsidies, and stricter emissions regulations are further accelerating the adoption of E-SUVs. Many countries have set aggressive targets to phase out internal combustion engine (ICE) vehicles, creating a favorable regulatory landscape for electric mobility. Additionally, advancements in battery technology, including solid-state batteries and fast-charging solutions, are addressing range anxiety concerns, making E-SUVs more practical for long-distance travel. With the growing charging infrastructure and decreasing battery costs, the demand for electric SUVs is expected to continue rising.

How Are Automakers Innovating to Improve E-SUV Performance?

Automakers are pushing the boundaries of innovation to improve E-SUV efficiency, performance, and sustainability. The introduction of new battery chemistries, including lithium iron phosphate (LFP) and silicon anode batteries, is enhancing energy density, leading to longer driving ranges and faster charging times.

Manufacturers are also focusing on aerodynamics, lightweight materials, and regenerative braking systems to improve efficiency. AI-driven vehicle management systems are optimizing battery performance and predictive maintenance, enhancing overall vehicle longevity. Additionally, advancements in semi-autonomous driving technology, over-the-air (OTA) software updates, and AI-powered infotainment systems are transforming the driving experience, making E-SUVs more appealing to tech-savvy consumers.

What Are the Key Factors Driving Growth in the E-SUV Market?

The growth in the E-SUV market is driven by several factors, including advancements in battery technology, increasing consumer preference for sustainable vehicles, and supportive government policies promoting EV adoption. The expansion of EV charging infrastructure and investments in renewable energy-powered charging stations are further facilitating market penetration.

The rise of connected and autonomous vehicle technologies is also fueling demand for smart E-SUVs equipped with AI-driven features and software-defined capabilities. Additionally, automakers are expanding their E-SUV portfolios with a diverse range of models, catering to different price segments and consumer preferences. As electrification becomes a priority across the automotive industry, the E-SUV market is expected to witness rapid expansion, driven by continuous technological innovation and regulatory support.

Report Scope

The report analyzes the E-SUVs market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments: Type (Compact e-SUVs, Mid-size e-SUVs, Full-size e-SUVs); Propulsion (Battery electric vehicles, Plug-in hybrid electric vehicles, Fuel cell electric vehicle); Drivetrain (All-wheel drive, Rear-wheel drive, Front-wheel drive); Range (Up to 150 Km, 150 - 300 Km, Above 300 Km)

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Compact e-SUVs segment, which is expected to reach US$198.4 Billion by 2030 with a CAGR of a 10.5%. The Mid-size e-SUVs segment is also set to grow at 8.6% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $45.8 Billion in 2024, and China, forecasted to grow at an impressive 9.1% CAGR to reach $47.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global E-SUVs Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global E-SUVs Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global E-SUVs Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Audi AG, BMW Group, BYD Company Limited, Ford Motor Company, Geely Auto Group and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 44 Featured):

• Audi AG
• BMW Group
• BYD Company Limited
• Ford Motor Company
• Geely Auto Group
• General Motors Company
• Hyundai Motor Company
• Jaguar Land Rover
• Kia Corporation
• Mercedes-Benz Group
• Nissan Motor Corporation
• Polestar
• Renault Group
• Rivian Automotive, Inc.
• Stellantis N.V.
• Tesla, Inc.
• Toyota Motor Corporation
• Volkswagen Group
• Volvo Cars
• XPeng Inc.

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What’s Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry