Global Electric Vehicle Market Research Report Forecast to 2030

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The market for electric vehicles has been expanding quickly over the past few years, and by 2030, it is anticipated to reach 33,691 thousand units, with a CAGR of 18.6% for the forecast period of 2022–2030.

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Description

Global Electric Vehicle Market Research Report Forecast to 2030

Market Overview

The market for electric vehicles has been expanding quickly over the past few years, and by 2030, it is anticipated to reach 33,691 thousand units, with a CAGR of 18.6% for the forecast period of 2022–2030.
Over the past few years, the global market for electric vehicles has shown significant development potential, and it is anticipated that this growth will continue over the projection period. Due to factors like rising gasoline prices, government initiatives, and the expansion of international electric car manufacturers into new emerging regions, the market for electric vehicles appears to be promising throughout the anticipated time. The high cost of electric vehicles and the underdeveloped aftermarket services are predicted to impede this market’s growth. Because of the rising interest for electric vehicles in nations like China, Japan, South Korea, and India, the market in Asia-Pacific is supposed to develop the quickest.

Market Segmentation

Based on technology, vehicle type, and geographic region, the global market for electric vehicles has been divided. The worldwide electric vehicle market is divided into Plug-In Hybrid Electric Vehicles (PHEVs) and Battery Electric Vehicles (BEVs) based on technology (PHEVs). The worldwide electric vehicle market is divided into passenger automobiles and commercial vehicles based on the kind of vehicle. Additional divisions of the commercial vehicle market include buses, heavy trucks, and light & medium trucks. North America, Europe, Asia-Pacific, the Middle East & Africa, and South America are the several regions that are divided up.

Regional Analysis

Due to rising gasoline prices, government initiatives, and the growth of international electric vehicle manufacturers into new emerging markets, Asia-Pacific held 54.8% of the market share for electric vehicles in 2021. According to predictions, the region’s market for electric vehicles will expand the quickest in Asia-Pacific.
In 2021, the European market for electric vehicles accounted for 33.9% of the global market. Green recovery funds offer incentives to the electric vehicle industry, and a more appealing EV model, greatly better availability, and vigorous marketing campaigns in the area have increased adoption. In terms of revenue generated, the market for electric vehicles in North America accounted for around 10.7% of the overall industry in 2021. Due to rising gasoline prices, government initiatives, and the growth of international electric vehicle manufacturers into new emerging markets, Asia-Pacific held 54.8% of the market share for electric vehicles in 2021. According to predictions, the region’s market for electric vehicles will expand the quickest in Asia-Pacific.
In 2021, the European market for electric vehicles accounted for 33.9% of the global market. Green recovery funds offer incentives to the electric vehicle industry, and a more appealing EV model, greatly better availability, and vigorous marketing campaigns in the area have increased adoption. In terms of revenue generated, the market for electric vehicles in North America accounted for around 10.7% of the overall industry in 2021.

Major Players

The major players associated with Electric Vehicle Market include Daimler AG, Nissan Motor Corporation, Tesla, Inc., Toyota motor corporation, Ford Motor Company, Volkswagen, BMW, General Motors, Hyundai Motor Company, Mitsubishi Motors Corporation, and BYD Motors Inc.

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS
1.1.1 GLOBAL ELECTRIC VEHICLE MARKET, BY TECHNOLOGY
1.1.2 GLOBAL ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE
1.2 KEY BUYING CRITERIA
2 MARKET INTRODUCTION
2.1 SCOPE OF THE STUDY
2.2 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 TOP-DOWN AND BOTTOM-UP APPROACH
3.6 FORECAST MODEL
3.7 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 INCREASING FUEL PRICES
4.2.2 GOVERNMENT INITIATIVES
4.2.3 EXPANSION OF GLOBAL ELECTRIC VEHICLE MANUFACTURERS INTO EMERGING MARKETS
4.3 DRIVER IMPACT ANALYSIS
4.4 RESTRAINTS
4.4.1 HIGH PRICES OF ELECTRIC VEHICLES
4.4.2 UNDERDEVELOPED AFTERMARKET SERVICES
4.5 RESTRAINT IMPACT ANALYSIS
4.6 OPPORTUNITY
4.6.1 INCREASING ADOPTION IN EMERGING ECONOMIES
4.7 CHALLENGE
4.7.1 STRINGENT RULES FOR INSTALLING CHARGING STATIONS
4.8 IMPACT OF COVID-19
4.8.1 ECONOMIC IMPACT ON THE AUTOMOTIVE INDUSTRY
4.8.2 IMPACT ON PRODUCTION AND SALES
4.8.2.1 NISSAN
4.8.2.2 GROUPE RENAULT
4.8.2.3 VOLVO
4.8.2.4 VOLKSWAGEN AG
4.8.2.5 FIAT CHRYSLER AUTOMOBILES
4.8.2.6 HYUNDAI-KIA
4.8.2.7 DAIMLER
4.8.3 IMPACT ON THE EV MARKET
4.8.3.1 IMPACT ON SUPPLY CHAIN
4.8.3.2 CASH FLOW CONSTRAINTS
4.8.3.3 IMPACT ON MARKET DEMAND
4.8.3.4 IMPACT ON PRICING
4.8.4 IMPACT ON WORLD TRADE
5 MARKET FACTOR ANALYSIS
5.1 VALUE CHAIN ANALYSIS
5.1.1 DESIGN & DEVELOPMENT
5.1.2 RAW MATERIAL/COMPONENT SUPPLY
5.1.3 ASSEMBLY
5.1.4 DISTRIBUTION/SUPPLY
5.1.5 END USERS
5.2 PORTER’S FIVE FORCES MODEL
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 BARGAINING POWER OF SUPPLIERS
5.2.3 THREAT OF SUBSTITUTES
5.2.4 BARGAINING POWER OF BUYERS
5.2.5 INTENSITY OF RIVALRY
5.3 AUTOMOTIVE SALES, 2018-2030
6 GLOBAL ELECTRIC VEHICLE MARKET, BY TECHNOLOGY
6.1 OVERVIEW
6.2 BATTERY ELECTRIC VEHICLES
6.3 PLUG-IN HYBRID ELECTRIC VEHICLES
7 GLOBAL ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE
7.1 OVERVIEW
7.2 PASSENGER CARS
7.3 COMMERCIAL VEHICLES
7.3.1 LIGHT & MEDIUM TRUCKS
7.3.2 HEAVY TRUCKS
7.3.3 BUSES
8 GLOBAL ELECTRIC VEHICLE MARKET, BY REGION
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 US
8.2.2 CANADA
8.2.3 MEXICO
8.2.4 US
8.2.5 CANADA
8.2.6 MEXICO
8.3 EUROPE
8.3.1 GERMANY
8.3.2 FRANCE
8.3.3 UK
8.3.4 ITALY
8.3.5 SPAIN
8.3.6 RUSSIA
8.3.7 BELGIUM
8.3.8 NETHERLANDS
8.3.9 REST OF EUROPE
8.3.10 GERMANY
8.3.11 FRANCE
8.3.12 UK
8.3.13 ITALY
8.3.14 SPAIN
8.3.15 RUSSIA
8.3.16 BELGIUM
8.3.17 NETHERLANDS
8.3.18 REST OF EUROPE
8.4 ASIA-PACIFIC
8.4.1 CHINA
8.4.2 JAPAN
8.4.3 INDIA
8.4.4 AUSTRALIA
8.4.5 INDONESIA
8.4.6 VIETNAM
8.4.7 SINGAPORE
8.4.8 REST OF ASIA-PACIFIC
8.4.9 CHINA
8.4.10 JAPAN
8.4.11 INDIA
8.4.12 AUSTRALIA
8.4.13 INDONESIA
8.4.14 VIETNAM
8.4.15 SINGAPORE
8.4.16 REST OF ASIA-PACIFIC
8.5 MIDDLE EAST & AFRICA
8.6 SOUTH AMERICA
9 COMPETITVE LANDSCAPE
9.1 COMPETITIVE BENCHMARKING
9.2 VENDOR SHARE ANALYSIS
9.3 RECENT DEVELOPMENTS
9.3.1 PARTNERSHIPS/AGREEMENTS/CONTRACTS/COLLABORATIONS/JOINT VENTURES
9.3.2 PRODUCT LAUNCH/ENHANCEMENT
9.3.3 BUSINESS EXPANSIONS
9.3.4 PRODUCT LAUNCHES/DEVELOPMENTS
10 COMPANY PROFILES
10.1 VOLKSWAGEN AG
10.1.1 COMPANY OVERVIEW
10.1.2 FINANCIAL OVERVIEW
10.1.3 PRODUCTS OFFERED
10.1.4 KEY DEVELOPMENTS
10.1.5 SWOT ANALYSIS
10.1.6 KEY STRATEGIES
10.2 FORD MOTOR COMPANY
10.2.1 COMPANY OVERVIEW
10.2.2 FINANCIAL OVERVIEW
10.2.3 PRODUCTS OFFERED
10.2.4 KEY DEVELOPMENTS
10.2.5 SWOT ANALYSIS
10.2.6 KEY STRATEGIES
10.3 TOYOTA MOTOR CORPORATION
10.3.1 COMPANY OVERVIEW
10.3.2 FINANCIAL OVERVIEW
10.3.3 PRODUCTS OFFERED
10.3.4 KEY DEVELOPMENTS
10.3.5 SWOT ANALYSIS
10.3.6 KEY STRATEGIES
10.4 TESLA
10.4.1 COMPANY OVERVIEW
10.4.2 FINANCIAL OVERVIEW
10.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
10.4.4 KEY DEVELOPMENTS
10.4.5 SWOT ANALYSIS
10.4.6 KEY STRATEGIES
10.5 BYD COMPANY LIMITED
10.5.1 COMPANY OVERVIEW
10.5.2 FINANCIAL OVERVIEW
10.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
10.5.4 KEY DEVELOPMENTS
10.5.5 SWOT ANALYSIS
10.5.6 KEY STRATEGIES
10.6 MITSUBISHI MOTORS CORPORATION
10.6.1 COMPANY OVERVIEW
10.6.2 FINANCIAL OVERVIEW
10.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
10.6.4 KEY DEVELOPMENTS
10.6.5 SWOT ANALYSIS
10.6.6 KEY STRATEGIES
10.7 DAIMLER AG
10.7.1 COMPANY OVERVIEW
10.7.2 FINANCIAL OVERVIEW
10.7.3 PRODUCTS OFFERED
10.7.4 KEY DEVELOPMENTS
10.7.5 SWOT ANALYSIS
10.7.6 KEY STRATEGIES
10.8 GENERAL MOTORS
10.8.1 COMPANY OVERVIEW
10.8.2 FINANCIAL OVERVIEW
10.8.3 PRODUCTS OFFERED
10.8.4 KEY DEVELOPMENTS
10.8.5 SWOT ANALYSIS
10.8.6 KEY STRATEGY
10.9 NISSAN MOTOR COMPANY LTD
10.9.1 COMPANY OVERVIEW
10.9.2 FINANCIAL OVERVIEW
10.9.3 PRODUCTS OFFERED
10.9.4 KEY DEVELOPMENTS
10.9.5 SWOT ANALYSIS
10.9.6 KEY STRATEGIES
10.10 BMW AG
10.10.1 COMPANY OVERVIEW
10.10.2 FINANCIAL OVERVIEW
10.10.3 PRODUCTS OFFERED
10.10.4 KEY DEVELOPMENTS
10.10.5 SWOT ANALYSIS
10.10.6 KEY STRATEGY
10.11 HYUNDAI MOTORS COMPANY
10.11.1 COMPANY OVERVIEW
10.11.2 FINANCIAL OVERVIEW
10.11.3 PRODUCTS OFFERED
10.11.4 KEY DEVELOPMENTS
10.11.5 SWOT ANALYSIS
10.11.6 KEY STRATEGY

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Companies Mentioned

Daimler AG, Nissan Motor Corporation, Tesla, Inc., Toyota motor corporation, Ford Motor Company, Volkswagen, BMW, General Motors, Hyundai Motor Company, Mitsubishi Motors Corporation, and BYD Motors Inc

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