Reports

As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global Electric Vehicle Market: By Type: Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle; By Vehicle Type: Two-Wheeler, Passenger Car, Commercial Vehicles, Heavy Commercial Vehicles; Regional Analysis; Historical Market and Forecast (2017-2027); Competitive Landscape; Industry Events and Developments

Global Electric Vehicle Market Outlook

The global electric vehicle market volume in 2020 was estimated to be 3.25 million units. The electric vehicle market is projected to reach 10.1 million units by 2026, growing at a CAGR of 20.75% between 2021 and 2026.

 

Electric vehicles are either operated by a collector system by electricity from the deployment of charging stations or can be powered by self-charging tools such as regenerative braking systems, turbochargers, and others.

 

Global Electric Vehicle Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Pure electric vehicles and hybrid cars in Norway accounted for 53% of all new car sales in 2018 as compared to 42% in 2017, according to the Norwegian Road Federation, a public road transportation agency in Norway. Norway’s parliament has set a resolution target of zero emissions for all cars sold by 2024, which is expected to boost the growth of the electric vehicle market.

 

Properties and Applications

An electric vehicle requires one or more electric motors for propulsion. It is also referred to as an electric drive vehicle. Electricity can be used to drive electric battery vehicles as a transportation fuel. The market for electric vehicles can be categorised by segments such as type and vehicle type.

 

Global Electric Vehicle Market by Type

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The industry can be broadly categorised on the basis of its type into:

  • Battery Electric Vehicle
  • Hybrid Electric Vehicle
  • Plug-in Hybrid Electric Vehicle

The industry can be divided based on its vehicle type as:

  • Two-Wheeler
  • Passenger Car
  • Commercial Vehicles
  • Heavy Commercial Vehicles (HCVs)
  • Buses
  • Trucks

The EMR report looks into the regional electric vehicle markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Global Electric Vehicle Market by Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Market Analysis

The demand for electric vehicles is powered by the increased demand for vehicles that are fuel-efficient and have high-performance and low emission. The rising trend of vehicle emission reduction due to strict rules and regulations in several countries and the development of public charging infrastructure in China, France, Norway, and other developed countries is accelerating the electric vehicle market growth. In addition, technological advances in electric vehicles and aggressive government initiatives are expected in the future to unfold multiple prospects for the growth of the electric vehicle industry participants, such as system integrators, vehicle manufacturers, engine manufacturers, and component suppliers. High electric vehicle manufacturing costs and low fuel efficiency and serviceability, however, may hinder the growth of the electric vehicle market.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global electric vehicle market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Tesla, Inc. (NASDAQ: TSLA)
  • SAIC Motor Corporation Limited 
  • BYD Company Limited
  • Toyota Motor Corporation 
  • Dongfeng Motor Group Co., Ltd. 
  • Others 

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Vehicle Type, Region
Breakup by Type Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle
Breakup by Vehicle Type Two-Wheeler, Passenger Car, Commercial Vehicles, Heavy Commercial Vehicles (HCVs)
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Tesla, Inc. (NASDAQ: TSLA), SAIC Motor Corporation Limited, BYD Company Limited, Toyota Motor Corporation, Dongfeng Motor Group Co., Ltd, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface   
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Electric Vehicle Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Electric Vehicle Historical Market (2017-2021) 
    8.3    Global Electric Vehicle Market Forecast (2022-2027)
    8.4    Global Electric Vehicle Market by Type
        8.4.1    Battery Electric Vehicle
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Hybrid Electric Vehicle
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Plug-in Hybrid Electric Vehicle
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
    8.5    Global Electric Vehicle Market by Vehicle Type
        8.5.1    Two-Wheeler
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Passenger Car
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Commercial Vehicles
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Heavy Commercial Vehicles (HCVs)
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
            8.5.4.4    Breakup by Type
                8.5.4.4.1    Buses
                8.5.4.4.2    Trucks
    8.6    Global Electric Vehicle Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price    
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Tesla, Inc. (NASDAQ: TSLA)
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    SAIC Motor Corporation Limited
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    BYD Company Limited 
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Toyota Motor Corporation
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Dongfeng Motor Group Co., Ltd
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Electric Vehicle Market: Key Industry Highlights, 2017 and 2027 
2.    Global Electric Vehicle Historical Market: Breakup by Type (Million Units), 2017-2021
3.    Global Electric Vehicle Market Forecast: Breakup by Type (Million Units), 2022-2027
4.    Global Electric Vehicle Historical Market: Breakup by Vehicle Type (Million Units), 2017-2021
5.    Global Electric Vehicle Market Forecast: Breakup by Vehicle Type (Million Units), 2022-2027
6.    Global Electric Vehicle Historical Market: Breakup by Region (Million Units), 2017-2021
7.    Global Electric Vehicle Market Forecast: Breakup by Region (Million Units), 2022-2027
8.    North America Electric Vehicle Historical Market: Breakup by Country (Million Units), 2017-2021
9.    North America Electric Vehicle Market Forecast: Breakup by Country (Million Units), 2022-2027
10.    Europe Electric Vehicle Historical Market: Breakup by Country (Million Units), 2017-2021
11.    Europe Electric Vehicle Market Forecast: Breakup by Country (Million Units), 2022-2027
12.    Asia Pacific Electric Vehicle Historical Market: Breakup by Country (Million Units), 2017-2021
13.    Asia Pacific Electric Vehicle Market Forecast: Breakup by Country (Million Units), 2022-2027
14.    Latin America Electric Vehicle Historical Market: Breakup by Country (Million Units), 2017-2021
15.    Latin America Electric Vehicle Market Forecast: Breakup by Country (Million Units), 2022-2027
16.    Middle East and Africa Electric Vehicle Historical Market: Breakup by Country (Million Units), 2017-2021
17.    Middle East and Africa Electric Vehicle Market Forecast: Breakup by Country (Million Units), 2022-2027
18.    Global Electric Vehicle Market Structure

Key Questions Answered in the Report

In 2020, the global electric vehicle market attained a volume of nearly 3.25 million units.

The market is projected to grow at a CAGR of 20.75% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach about 10.1 million units by 2026.

The major drivers of the industry, such as the increasing environmental concern, increasing urbanisation, stringent government regulations regarding vehicular emissions, rising demand from the developing regions, and the growing technological advancements, are expected to aid the market growth.

The key market trend guiding the growth of the industry include the growing R&D activities by the key players to develop more efficient and affordable range of electric vehicles.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Battery, hybrid, and plug-in hybrid electric vehicles are the leading types of electric vehicle in the market.

The significant vehicle types in the industry include two-wheeler, passenger car, commercial vehicles, and heavy commercial vehicles (HCVs).

The major players in the industry are Tesla, Inc. (NASDAQ: TSLA), SAIC Motor Corporation Limited, BYD Company Limited, Toyota Motor Corporation, and Dongfeng Motor Group Co., Ltd, among others.

Analyst Review

The global electric vehicle market attained a volume of 3.25 million units in 2020, driven by the growing awareness regarding environment and favourable government initiatives. Aided by the growing research and development activities, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 20.75%. The market is projected to reach 10.1 million units by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the industry can be segmented into battery, hybrid, and plug-in hybrid electric vehicles. On the basis of vehicle type, the industry is divided into two-wheeler, passenger car, commercial vehicles, and heavy commercial vehicles (HCVs). The major regional markets for electric vehicle are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Tesla, Inc. (NASDAQ: TSLA), SAIC Motor Corporation Limited, BYD Company Limited, Toyota Motor Corporation, and Dongfeng Motor Group Co., Ltd, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$1499
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$2699
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$3699
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$4699
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports





NEWSLETTER