The Philippine electric vehicle (EV) market is smaller than its neighbors in the Southeast Asian region in terms of size. However, with changes in energy policy, government incentives for investment and adoption of cleaner technologies, the Philippines EV market has a bright future.

EVIDA LAW INCENTIVIZES DEVELOPMENT OF EV INDUSTRY: In April 2022, the Philippines passed the Electric Vehicle Industry Development Act (EVIDA, Republic Act 11697).The passage of the EVIDA is in line with Philippine policies that seek to ensure the country’s energy security and independence by reducing the transportation sector’s dependence on imported fuels.

The passage of the Act helps the Philippine EV industry to develop more granular guiding regulations to facilitate private sector participation in a level and non-discriminatory playing field. Under the EVDA, all electric and hybrid vehicles will be issued a special EV license plate and will be entitled to tax exemptions. Under the TRAIN Act, also known as the Tax Reform for Acceleration and Inclusion Act (TRAIN), fully battery-powered vehicles will be exempted from 100 percent of the excise tax, while hybrids powered by both fuel and batteries will be exempted from 50 percent of the excise tax.

Import tariff reduction to boost electric vehicle import growth in the Philippines: the Philippine National Economic and Development Authority (PNEDA) passed an executive order on November 24, 2022 that will reduce tariffs on several imported electric vehicles and parts in early 2023. At that time, the authority will temporarily withdraw tariffs on imported EVs for a period of five years, but will not apply to hybrid vehicles. The current 5 percent tariff on electric vehicle parts will be reduced to 1 percent within the same period.

The Philippines’ Department of Transportation (DOTr) is implementing a Public Utility Vehicle (PUV) Modernization Program, a massive transportation initiative that calls for the phasing out of jeepneys (World War II-era jeepneys converted to public transportation) that are at least 15 years old and replacing them with environmentally friendly alternatives. The replacements can be Euro 4 compliant vehicles or electric vehicles. There are nearly 180,000 jeeps in the country that need to be replaced, and the electric vehicle industry is aiming to meet 10 percent of this potential demand.

From 2020-2022, electric vehicle sales in the Philippines are growing year-on-year, with a CAGR of 63.70% from 2020-2022, according to CRI’s analysis. In 2020, only 378 electric vehicles will be sold in the Philippines, and by 2022, this number grows to 1,013, a year-on-year increase of 20.17%.

CRI expects the sales volume of Philippine’s EV to reach 150,800 units in 2032, growing at a CAGR of 59.7% from 2023-2032.

The Philippine electric vehicle market is expected to see rapid growth in the next few years, and CRI anticipates that the Philippine electric vehicle supporting facilities industry, such as charging piles and charging stations, will also see many investment opportunities.

Topics covered:

• Overview of the Electric Vehicle Industry in the Philippines
• Economic and Policy Environment of the Philippine Electric Vehicle Industry
• What is the impact of COVID-19 on the Philippine electric vehicle industry?
• Philippines Electric Vehicle Industry Market Size, 2023-2032
• Analysis of Major Philippine Electric Vehicle Industry Manufacturers
• Key Drivers and Market Opportunities in the Philippine Electric Vehicle Industry
• What are the key drivers, challenges and opportunities for the Electric Vehicles industry in the Philippines during the forecast period 2023-2032?
• Which are the key players in the Philippines Electric Vehicle Industry market and what are their competitive advantages?
• What is the expected revenue of the Electric Vehicle Industry market in Philippines during the forecast period of 2023-2032?
• What strategies have been adopted by the key players in the market to increase their market share in the industry?
• Which segment of the Philippines electric vehicle industry market is expected to dominate the market by 2032?
• What are the major unfavorable factors facing the electric vehicle industry in the Philippines?

Table of Contents

1. Overview of the Philippines

1.1 Geographical Situation

1.2 Demographic Structure of the Philippines

1.3 Economic Situation in the Philippines

1.4 Philippine Minimum Wage 2013-2022

1.5 Impact of COVID-19 on the Philippine Electric Vehicle Industry

2. Overview of the Electric Vehicle Industry in the Philippines

2.1 History of Electric Vehicle Development in the Philippines

2.2 FDI in the Philippine Electric Vehicle Industry

2.3 Policy Environment of the Philippine Electric Vehicle Industry

3. Supply and Demand Situation of the Electric Vehicle Industry in the Philippines

3.1 Supply Situation of the Electric Vehicle Industry in the Philippines

3.2 Demand in the Philippine Electric Vehicle Industry

4. Export and Import Status of the Electric Vehicle Industry in the Philippines

4.1 Import Status of the Philippine Electric Vehicle Industry

4.1.1 Electric Vehicle Import Volume and Value in the Philippines

4.1.2 Major Import Sources of Electric Vehicles in the Philippines

4.2 Export Status of the Philippine Electric Vehicle Industry

4.2.1 Export Volume and Value of Electric Vehicles in the Philippines

4.2.2 Major Export Destinations of Electric Vehicles in the Philippines

5. Cost and Price Analysis of the Electric Vehicle Industry in the Philippines

5.1 Cost Analysis of the Philippine Electric Vehicle Industry

5.1.1 Manpower Costs

5.1.2 Cost of Raw Materials

5.1.3 Other Costs

5.2 Price Analysis of the Philippine Electric Vehicle Industry

6. Market Competition in the Philippine Electric Vehicle Industry

6.1 Barriers to Entry in the Philippine Electric Vehicle Industry

6.1.1 Brand Barriers

6.1.2 Quality Barriers

6.1.3 Capital Barriers

6.2 Competitive Structure of the Philippine Electric Vehicle Industry

6.2.1 Bargaining Power of Electric Vehicle Suppliers

6.2.2 Consumer Bargaining Power

6.2.3 Competition in the Philippine Electric Vehicle Industry

6.2.4 Potential Entrants in the Electric Vehicle Industry

6.2.5 Alternatives to Electric Vehicles

7. Analysis of Major Electric Vehicle Companies in the Philippines

7.1 Jaguar

7.1.1 Jaguar Corporate Profile

7.1.2 Jaguar Corporate Electric Vehicle Sales

7.2 Changan

7.2.1 Changan Company Profile

7.2.2 Electric Vehicle Sales of Changan Enterprises

7.3 BYD

7.3.1 BYD Corporate Profile

7.3.2 BYD Enterprise Electric Vehicle Sales

7.4 Nissan

7.4.1 Nissan Corporate Profile

7.4.2 Nissan Corporate Electric Vehicle Sales

7.5 Tojo Motors

7.5.1 Tojo Motors Corporate Profile

7.5.2 Tojo Motors Corporate Electric Vehicle Sales

7.6 Honda

7.6.1 Overview of Honda Enterprises

7.6.2 Electric Vehicle Sales of Honda Enterprises

7.7 BMW

7.7.1 Overview of BMW Enterprises

7.7.2 BMW Corporate Electric Vehicle Sales

7.8 KYMCO

7.8.1 KYMCO Corporate Profile

7.8.2 Electric Vehicle Sales of KYMCO Enterprises

7.9 Lexus

7.9.1 Lexus Corporate Profile

7.9.2 Lexus Corporate Electric Vehicle Sales

7.10 Toyota

7.10.1 Overview of Toyota Enterprises

7.10.2 Electric Vehicle Sales of Toyota Enterprises

8. Philippines Electric Vehicle Industry Outlook, 2023-2032

8.1 Analysis of Factors for the Development of the Electric Vehicle Industry in the Philippines

8.1.1 Drivers and Growth Opportunities for the Electric Vehicle Industry in the Philippines

8.1.2 Threats and Challenges Facing the Electric Vehicle Industry in the Philippines

8.2 Supply Forecast for the Electric Vehicle Industry in the Philippines

8.3 Electric Vehicle Market Demand Forecast in the Philippines

8.4 Export and Import Forecasts for the Philippine Electric Vehicle Industry

The post Philippines Electric Vehicle Industry Research Report 2023-2032 first appeared on CRI Report.

Market Overview

The rising prices for traditional fuel and the alluring incentives the government is providing for the production and purchase of EVs are the main factors promoting market expansion. The expansion of the electric vehicle is thought to be fueled by the rising expenditure in the electric transportation sector. Players on the market including Daimler AG, Ford Motor Company, and Groupe Renault are heavily committing to their plans to manufacture electric vehicles.

For instance, the Ford Company stated that it planned to spend USD 300 million at its Romanian manufacturing facility to develop a new light large vehicle in 2018. Important businesses like Mercedes Benz and Daimler AG make significant investments in making EVs. As a result, it is predicted that the market will increase over the long term over the projection period.

Segment Overview

The market is divided into four separate segments based on technology, class, type, and technology insights. The hybrid, battery, and connector hybrid electric vehicles are included in the market segmentation for electric vehicles based on technology.

Mid-priced and premium classes are included in the market segmentation for electric vehicles based on vehicle type. The passenger car, two-wheeler, and commercial vehicle segments of the electric vehicle market information have been separated. The analysis offers market information for North America, Europe, Asia-Pacific, and the rest of the world, organised by region.

Regional Analysis

This can be due to the rising demand for electric vehicles in the US, which is being supported by the development of charging infrastructure and the incentives offered by the local governments in these areas.This is a result of developing countries’ rising demand for passenger cars. In addition, the India electric vehicle market had the highest rate of growth in the Asia-Pacific region, while China’s electric vehicle industry had the largest market share.

Due to regional government efforts to cut carbon emissions, Europe has the 2nd largest market share for electric vehicles, and the quick uptake of gasoline automobiles has been the sector’s main driver of growth. The Germany, U.K., and France are significant nations that have contributed to the expansion of the region. Moreover, the UK electric vehicle market had the quickest rate of growth in the European region, while the German electric vehicle market had the largest market share.

Major Players

Hyundai Motor, BMW, General Motors, Volkswagen, Mitsubishi Motors, Nissan Motor, Tesla Inc., Toyota Motor, Ford Motor, and Daimler AG are some of the leading companies in the global market for electric vehicles.

COVID 19 Impacts

Economic Effect of COVID-19 on the World Electric Vehicle Industry: Segmentation (Plug-in Hybrid Electric Vehicles, Hybrid Electric Vehicles, and Battery Electric Vehicles) and Projection 2019–2025.

In place of an internal combustion engine, which generates energy by burning a mixture of fuel and gases, electric vehicles employ one or even more electric motors, which are a regenerative alternative to conventional fuel-powered vehicles.

Electric vehicles are becoming more popular as a result of the strict emission standards because they produce fewer emissions and use less gasoline. Hydrogen is considered to be a substitute fuel and is qualified for alternate energy vehicle tax credits under the Energy Security Act of 1992.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF SUPPLIERS
3.1.3 BARGAINING POWER OF BUYERS
3.1.34 THREAT OF SUBSTITUTES
3.1.5 SEGMENT RIVALRY
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
5 GLOBAL ELECTRIC VEHICLES BATTERY MARKET, BY BATTERY TYPE
5.1 INTRODUCTION
5.2 LITHIUM ION BATTERY
5.2.1 MARKET ESTIMATES & FORECAST, 2018–2030
5.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2018–2030
5.3 LEAD ACID BATTERY
5.3.1 MARKET ESTIMATES & FORECAST, 2018–2030
5.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2018–2030
5.4 NICKEL HYDRIDE BATTERY
5.4.1 MARKET ESTIMATES & FORECAST, 2018–2030
5.4.2 MARKET ESTIMATES & FORECAST BY REGION, 2018–2030
5.5 OTHERS
5.5.1 MARKET ESTIMATES & FORECAST, 2018–2030
5.5.2 MARKET ESTIMATES & FORECAST BY REGION, 2018–2030
6 GLOBAL ELECTRIC VEHICLES BATTERY MARKET, BY VEHICLE TECHNOLOGY
6.1 INTRODUCTION
6.2 BATTERY ELECTRIC VEHICLES
6.2.1 MARKET ESTIMATES & FORECAST, 2018–2030
6.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2018–2030
6.3 HYBRID ELECTRIC VEHICLES
6.3.1 MARKET ESTIMATES & FORECAST, 2018–2030
6.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2018–2030
6.4 PLUG-IN HYBRID ELECTRIC VEHICLES
6.4.1 MARKET ESTIMATES & FORECAST, 2018–2030
6.4.2 MARKET ESTIMATES & FORECAST BY REGION, 2018–2030
6.5 OTHERS
6.5.1 MARKET ESTIMATES & FORECAST, 2018–2030
6.5.2 MARKET ESTIMATES & FORECAST BY REGION, 2018–2030
7 GLOBAL ELECTRIC VEHICLES BATTERY MARKET, BY END MARKET
7.1 INTRODUCTION
7.2 OEMS
7.2.1 MARKET ESTIMATES & FORECAST, 2018–2030
7.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2018–2030
7.3 AFTERMARKET
7.3.1 MARKET ESTIMATES & FORECAST, 2018–2030
7.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2018–2030
8 GLOBAL ELECTRIC VEHICLES BATTERY MARKET, BY REGION
8.1 INTRODUCTION
8.2 NORTH AMERICA
8.2.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.2.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.2.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.2.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.2.5 THE U.S
8.2.5.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.2.5.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.2.5.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.2.5.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.2.6 CANADA
8.2.6.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.2.6.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.2.6.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.2.6.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.3 EUROPE
8.3.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.3.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.3.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.3.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.3.5 U.K
8.3.5.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.3.5.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.3.5.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.3.5.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.3.6 GERMANY
8.3.6.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.3.6.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.3.6.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.3.6.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.3.7 FRANCE
8.3.7.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.3.7.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.3.7.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.3.7.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.3.8 ITALY
8.3.8.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.3.8.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.3.8.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.3.8.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.3.9 REST OF EUROPE
8.3.9.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.3.9.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.3.9.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.3.9.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.4 ASIA PACIFIC
8.4.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.4.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.4.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.4.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.4.5 CHINA
8.4.5.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.4.5.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.4.5.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.4.5.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.4.6 JAPAN
8.4.6.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.4.6.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.4.6.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.4.6.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.4.7 INDIA
8.4.7.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.4.7.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.4.7.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.4.7.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.4.8 REST OF ASIA PACIFIC
8.4.8.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.4.8.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.4.8.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.4.8.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.5 REST OF THE WORLD
8.5.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.5.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.5.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.5.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
9 COMPETITIVE LANDSCAPE
10 COMPANY PROFILE
10.1 AUTOMOTIVE ENERGY SUPPLY CORPORATION
10.1.1 COMPANY OVERVIEW
10.1.2 PRODUCTS/SERVICES OFFERING
10.1.3 FINANCIAL OVERVIEW
10.1.4 KEY DEVELOPMENTS
10.1.5 STRATEGY
10.1.6 SWOT ANALYSIS
10.2 PANASONIC CORPORATION
10.2.1 COMPANY OVERVIEW
10.2.2 PRODUCTS/SERVICES OFFERING
10.2.3 FINANCIAL OVERVIEW
10.2.4 KEY DEVELOPMENTS
10.2.5 STRATEGY
10.2.6 SWOT ANALYSIS
10.3 BYD COMPANY LIMITED
10.3.1 COMPANY OVERVIEW
10.3.2 PRODUCTS/SERVICES OFFERING
10.3.3 FINANCIAL OVERVIEW
10.3.4 KEY DEVELOPMENTS
10.3.5 STRATEGY
10.3.6 SWOT ANALYSIS
10.4 LG CHEM LTD
10.4.1 COMPANY OVERVIEW
10.4.2 PRODUCTS/SERVICES OFFERING
10.4.3 FINANCIAL OVERVIEW
10.4.4 KEY DEVELOPMENTS
10.4.5 STRATEGY
10.4.6 SWOT ANALYSIS
10.5 QUALLION
10.5.1 COMPANY OVERVIEW
10.5.2 PRODUCTS/SERVICES OFFERING
10.5.3 FINANCIAL OVERVIEW
10.5.4 KEY DEVELOPMENTS
10.5.5 STRATEGY
10.5.6 SWOT ANALYSIS
10.6 BOSTON-POWER
10.6.1 COMPANY OVERVIEW
10.6.2 PRODUCTS/SERVICES OFFERING
10.6.3 FINANCIAL OVERVIEW
10.6.4 KEY DEVELOPMENTS
10.6.5 STRATEGY
10.6.6 SWOT ANALYSIS
10.7 JOHNSON CONTROLS INTERNATIONAL
10.7.1 COMPANY OVERVIEW
10.7.2 PRODUCTS/SERVICES OFFERING
10.7.3 FINANCIAL OVERVIEW
10.7.4 KEY DEVELOPMENTS
10.7.5 STRATEGY
10.7.6 SWOT ANALYSIS
10.8 NARADA POWER SOURCE
10.8.1 COMPANY OVERVIEW
10.8.2 PRODUCTS/SERVICES OFFERING
10.8.3 FINANCIAL OVERVIEW
10.8.4 KEY DEVELOPMENTS
10.8.5 STRATEGY
10.8.6 SWOT ANALYSIS
10.9 GS YUASA CORPORATION
10.9.1 COMPANY OVERVIEW
10.9.2 PRODUCTS/SERVICES OFFERING
10.9.3 FINANCIAL OVERVIEW
10.9.4 KEY DEVELOPMENTS
10.9.5 STRATEGY
10.9.6 SWOT ANALYSIS
10.10 TIANNENG POWER INTERNATIONAL
10.10.1 COMPANY OVERVIEW
10.10.2 PRODUCTS/SERVICES OFFERING
10.10.3 FINANCIAL OVERVIEW
10.10.4 KEY DEVELOPMENTS
10.10.5 STRATEGY
10.10.6 SWOT ANALYSIS
10.11 CROWN BATTERY CORPORATION
10.11.1 COMPANY OVERVIEW
10.11.2 PRODUCTS/SERVICES OFFERING
10.11.3 FINANCIAL OVERVIEW
10.11.4 KEY DEVELOPMENTS
10.11.5 STRATEGY
10.11.6 SWOT ANALYSIS
10.12 HITACHI CHEMICAL COMPANY
10.12.1 COMPANY OVERVIEW
10.12.2 PRODUCTS/SERVICES OFFERING
10.12.3 FINANCIAL OVERVIEW
10.12.4 KEY DEVELOPMENTS
10.12.5 STRATEGY
10.12.6 SWOT ANALYSIS

The post Global Electric Vehicle Market Forecast to 2030 first appeared on CRI Report.

This report gives an insight into the global electric vehicle market and predicts the future growth prospects and the trends that may exhibit in the market during the period of 2022-2029. The future growth has been calculated by taking into account the present growth rate and the overall market size. We have also discussed the alternatives that pose a threat to the growth of the market.

In this report, we have categorized global electric vehicle market into segments that are:

By Type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Fuel Cell Electric Vehicle),

Vehicle Type (Two-Wheelers, Passenger Cars, Commercial Vehicles), Vehicle Class (Mid-Priced, Luxury),

Top Speed (Less Than 100 MPH, 100 to 125 MPH, and More Than 125 MPH) and

Vehicle Drive Type (Front Wheel Drive, Rear Wheel Drive, All Wheel Drive);

By Region (North America, Asia Pacific, Europe, Latin America, Middle East and Africa)

We have also illustrated the vendor landscape and conducted a detailed analysis of the top five global vendors of the global electric vehicle market. The report also presents an analysis of the drivers that enable the growth of the market, the key challenges faced by the vendors and the market as a whole, and the upcoming trends that can have an impact on the market. This report has collected key data related to the global electric vehicle market and analyzed these data using a variety of methods.

The market dynamics have been ascertained following a detailed study of the micro, meso and microeconomic indicators in the market. The report is based on in-depth qualitative and quantitative analyses of the global electric vehicle market.

The qualitative analysis involved the application of various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys and vendor briefings. The data gathered as a result of these processes were validated through experts’ opinions.

Global Electric Vehicle Market Would Cross USD 1534.24 Bn By 2029
Global electric vehicle market report provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for electric vehicle solution providers across the Globe.

This report on the global electric vehicle market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2022 to 2029.

The report provides revenue of the global electric vehicle for the period 2019-2029, considering 2021 as the base year and 2022-29 as the forecast year. The report also provides the compound annual growth rate (CAGR 18.1%) of the global electric vehicle from 2022 to 2029.

Segmental Analysis of Global Electric Vehicle Market Study
The global electric vehicle market study is segmented based on the various parameters by identifying their business activities, geographical presence, key application areas, end-users, etc.,

The report covers the market share analysis of all the segments from year 2022-2029. From a strategic point of view, the market outlook covers several frameworks including SWOT Analysis, Value Chain Analysis, and Porter’s Five Forces Analysis while also offering an evaluation of the Product/Market Lifecycle.

Geographical Coverage of the Global Electric Vehicle Market Study
For a better understanding of the global electric vehicle, the market is segmented into geographies such as the North America (U.S, Canada), Europe (U.K, France, Germany, Russia, Italy, Rest of Europe), Asia Pacific (China, Japan, India, Australia, South-Korea, Rest of APAC), Latin America (Brazil, Mexico, Rest of Latin America), Middle East and Africa (Saudi Arabia, The U.A.E, South Africa, Rest of MEA). The country level analysis in each region is also provided in a very exhaustive manner.

Company Analysis on the Global Electric Vehicle Market Study
In the report, the degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide.

The specialist team of research analysis sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers and acquisition by leading companies in the market. The major players have been analyzed by using research methodologies for getting insight on global competition.

Table of Content

1. Introduction
1.1. Research Objective
1.2. Research Methodology
1.3. Research Process
1.4. Respondent Profile

2. Executive Summary

3. Global Electric Vehicle Market Outlook, 2019-2029F
3.1. Market Size & Analysis
3.2. Market Share & Analysis
3.2.1. By Type
3.2.1.1. Battery Electric Vehicle
3.2.1.2. Plug-in Hybrid Electric Vehicle
3.2.1.3. Fuel Cell Electric Vehicle
3.2.2. By Vehicle Type
3.2.2.1. Two-Wheelers
3.2.2.2. Passenger Cars
3.2.2.3. Commercial Vehicles
3.2.3. By Vehicle Class
3.2.3.1. Mid-Priced
3.2.3.2. Luxury
3.2.4. By Top Speed
3.2.5.1. Less Than 100 MPH
3.2.5.2. 100 to 125 MPH
3.2.5.3. More Than 125 MPH
3.2.5. By Vehicle Drive Type
3.2.5.1. Front Wheel Drive
3.2.5.2. Rear Wheel Drive
3.2.5.3. All Wheel Drive
3.2.6. By Region
3.2.6.1. Asia-Pacific
3.2.6.2. Europe
3.2.6.3. North America
3.2.6.4. Middle East & Africa
3.2.6.5. Latin America

4. Asia-Pacific Electric Vehicle Market Outlook, 2019-2029F
4.1. Market Size & Analysis
4.2. Market Share & Analysis
4.2.1. By Type
4.2.2. By Vehicle Type
4.2.3. By Vehicle Class
4.2.4. By Top Speed
4.2.5. By Vehicle Drive Type
4.2.6. By Country
4.2.6.1. China
4.2.6.2. India
4.2.6.3. Japan
4.2.6.4. South Korea
4.2.6.5. Australia
4.2.6.6. Rest of Asia-Pacific

5. Europe Electric Vehicle Market Outlook, 2019-2029F
5.1. Market Size & Analysis
5.2. Market Share & Analysis
5.2.1. By Type
5.2.2. By Vehicle Type
5.2.3. By Vehicle Class
5.2.4. By Top Speed
5.2.5. By Vehicle Drive Type
5.2.6. By Country
5.2.6.1. United Kingdom
5.2.6.2. Germany
5.2.6.3. France
5.2.6.4. Italy
5.2.6.5. Russia
5.2.6.6. Rest of Europe

6. North America Electric Vehicle Market Outlook, 2019-2029F
6.1. Market Size & Analysis
6.2. Market Share & Analysis
6.2.1. By Type
6.2.2. By Vehicle Type
6.2.3. By Vehicle Class
6.2.4. By Top Speed
6.2.5. By Vehicle Drive Type
6.2.6. By Country
6.2.6.1. United States
6.2.6.2. Canada

7. Latin America Electric Vehicle Market Outlook, 2019-2029F
7.1. Market Size & Analysis
7.2. Market Share & Analysis
7.2.1. By Type
7.2.2. By Vehicle Type
7.2.3. By Vehicle Class
7.2.4. By Top Speed
7.2.5. By Vehicle Drive Type
7.2.6. By Country
7.2.6.1. Brazil
7.2.6.2. Mexico
7.2.6.3. Rest of Latin America

8. Middle East & Africa Electric Vehicle Market Outlook, 2019-2029F
8.1. Market Size & Analysis
8.2. Market Share & Analysis
8.2.1. By Type
8.2.2. By Vehicle Type
8.2.3. By Vehicle Class
8.2.4. By Top Speed
8.2.5. By Vehicle Drive Type

8.2.6. By Country
8.2.6.1. Saudi Arabia
8.2.6.2. UAE
8.2.6.3. South Africa
8.2.6.4. Rest of Middle East and Africa

9. Global Electric Vehicle Market Dynamics
9.1. Growth Drivers
9.2. Challenges
9.3. Impact Analysis

10. Global Electric Vehicle Market Opportunities

11. Global Electric Vehicle Value Chain Analysis

12. Global Electric Vehicle Market Policies and Regulations

13. Global Electric Vehicle Market Trends & Insights

14. Global Electric Vehicle Market Porter’s Five Forces Analysis

15. Global Electric Vehicle Market-Entropy

15.1. New Product Launches
15.2. M&A, Collaborations, JVs, and Partnerships

16. Global Electric Vehicle Market Company Analysis
16.1. Tesla Motors
16.2. Volkswagen
16.3. SAIC Motor
16.4. BYD Company Ltd.
16.5. BMW AG
16.6. Daimler AG
16.7. Ford Motor Company
16.8. General Motors
16.9. Nissan Motors Co. Ltd.
16.10. Toyota Motor Corporation

17. About Us & Contact Details

The post Global Electric Vehicle Market – Global Industry Analysis, Size, Share, Growth, Trends, And Forecast, 2022-2029 first appeared on CRI Report.

The electric vehicle testing, inspection, and certification market is projected to reach $4,038.2 million by 2031 from $1,104.7 million in 2022, growing at a CAGR of 15.49% during the forecast period 2022-2031. The growth in the electric vehicle testing, inspection, and certification market is expected to be driven by technological advancements in electric vehicle systems and increasing sales of electric vehicles around the world.

Market Lifecycle Stage

Electric vehicle testing, inspection, and certification is a crucial phase in the development of electric vehicles as well as for the success of vehicle suppliers and manufacturers. One of the main factors influencing the growth of the testing, certification, and inspection industries for electric vehicles is the increased need for their safety and efficiency. The electric vehicle sector must also adhere to stringent restrictions as well as national and international safety mandates. Electric and hybrid vehicle development is expected to increase over the coming years, creating lucrative opportunities for those testing, certifying, and inspecting these vehicles.

The electric vehicle testing, inspection, and certification market is in the growth phase. The implementation of electric vehicle testing, inspection, and certification is increasing in electric vehicles. As a result, the electric vehicle testing, inspection, and certification market is expected to flourish in the forecast period.

Impact

Growing electric vehicle demand in developing markets, stringent regulatory requirements imposed by governments on the electric vehicle industry, and consistently increasing instances of vehicle recall due to component failure are all driving this market’s expansion. Furthermore, the increasing introduction of electric cars, rising customer perception of product quality and safety, and incorporation of technology advances with the rising adoption of connected devices in the electric vehicle industry are all providing opportunities for market players to expand.

Impact of COVID-19

The electric vehicle testing, inspection, and certification market’s revenue growth was adversely affected by the rapid spread of COVID-19. During the pandemic, major electric vehicle companies such as Fiat Chrysler Automobiles, Ford, PSA Group, Volkswagen, Ducati, Tesla, BMW, Rolls-Royce, and General Motors halted the manufacturing of electric vehicles. Production processes and the supply chain were also impeded by frequent lockdowns and safety mandates. As a result, the demand for testing, inspection, and certification services drastically decreased because of the decline in EV sales on a global level.

Market Segmentation:

Segmentation 1: by Vehicle Type

• Passenger Vehicle
• Commercial Vehicle

The electric vehicle testing, inspection, and certification market based on the vehicle type segment is expected to be dominated by the passenger vehicles segment throughout the forecast period 2021-2031.

Segmentation 2: by Application

• Vehicle Safety and Security
• Communication
• Battery Systems
• EV Charging
• Connectors

Based on application, the vehicle safety and security segment is expected to dominate the market throughout the forecast period.

Segmentation 3: by Service Type

• Testing
• Inspection
• Certification

Based on service type, the testing segment is expected to dominate the market because with the advancement in vehicle technology, consumers are becoming environmentally aware. Along with this, the mandatory emission targets have led the OEMs to introduce electric vehicles in the market. To keep up with industry standards, testing of electric vehicles has become necessary.

Segmentation 4: by Product Type

• Physical
• Digital

Based on product type, the digital segment is one of the fastest-growing segments and is likely to dominate the market, offering a wide scope of development in the forecast period.

Segmentation 5: by Sourcing

• In-house
• Outsourcing

Based on sourcing, the in-house segment is one of the fastest-growing segments and is likely to dominate the market because of businesses’ experience in carrying out in-house TIC activities under total control.

Segmentation 6: by Region

• North America
• Europe
• U.K.
• China
• Asia-Pacific and Japan
• Rest-of-the-World

Europe is home to several electric vehicle manufacturers as well as testing, inspection, and certification service providers. The region is expected to dominate the electric vehicle testing, inspection, and certification market during the forecast period.

Recent Developments in the Electric Vehicle Testing, Inspection, and Certification Market

• In September 2022, TÜV Rheinland Group partnered with NMI, which is a Dutch company for calibrating and securing charging stations for E-cars.
• In June 2022, UL LLC acquired Data Test Labs to meet the testing and certification needs of original equipment manufacturers and top-tier suppliers in the automobile industry.
• In February 2022, Applus Reliable Analysis (Shanghai) opened an EMC chamber for testing battery packs of new energy-passenger vehicles.
• In February 2022, UL LLC opened a new laboratory in Mexico, which would be the testing facility to test products to destination market safety and performance standards, including Canada, the U.S., and Latin America.

Demand – Drivers and Limitations

Following are the demand drivers for the electric vehicle testing, inspection, and certification market:

• Increasing Government Focus on Strict Regulatory Standards for Electric Vehicles
• Growing Numbers of Electric Vehicles Worldwide
• Digitalization in the Electric Vehicle Testing, Inspection, and Certification Market

The market is expected to face some limitations as well due to the following challenges:

• New Advancements in Electric Vehicles Demand More Skilled Resources
• Varying Regulations and Standards in Different Regions

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different applications of the electric vehicle testing, inspection, and certification services available based on vehicle type (passenger vehicles and commercial vehicles), application (passenger vehicles safety and security, communication, battery systems, EV charging, and connectors), service type (testing, inspection, and certification), product type (physical and digital), and sourcing (in-house and outsourcing). Increasing demand for safety and performance is pushing the consumption of electric vehicle testing, inspection, and certification. Therefore, the electric vehicle testing, inspection, and certification business is a high-investment and high-revenue generating model.

Growth/Marketing Strategy: The electric vehicle testing, inspection, and certification market is an exponentially growing market holding enormous opportunities for the market players. Some strategies covered in this segment are product launches, market developments, partnerships and collaborations, business expansions, and investments. The companies’ preferred strategy has been market developments and partnerships and collaborations to strengthen their positions in the global electric vehicle testing, inspection, and certification market.

Competitive Strategy: Key players in the global electric vehicle testing, inspection, and certification market analyzed and profiled in the study involve electric vehicle testing, inspection, and certification-based service providers. Moreover, a detailed competitive benchmarking of the players operating in the global electric vehicle testing, inspection, and certification market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.

The competitive landscape of the electric vehicle testing, inspection, and certification market includes different strategies undertaken by service providers to gain market presence. Some strategies adopted by them include new product launch and development activities, market development activities, partnerships, collaborations, joint ventures, and mergers and acquisitions. Among all the strategies adopted, market development activities have dominated the competitive landscape and are the most widely adopted strategies among service providers.

Key Companies Profiled

• DEKRA SE
• TUV SUD
• SGS Group
• Applus Services S.A.
• Bureau Veritas S.A.
• Intertek Group plc
• Eurofins Scientific
• British Standards Institution
• Rina S.p.A
• TÜV Rheinland Group
• Nemko
• NSF International
• Lloyd’s Register Group Limited
• UL LLC
• Element Materials Technology
• DNV
• Apave Group
• TÜV NORD GROUP
• Link Engineering Company
• AVL List GmbH

Table of Contents

1 Markets
1.1 Industry Outlook
1.1.1 Trends: Industry Dynamics Defining the Future Trends in Electric Vehicle Testing, Inspection, and Certification Market
1.1.1.1 Increase in the Adoption of Electronic Systems in Electric Vehicles Boosts the Electric Vehicle Testing, Inspection, and Certification Market
1.1.1.2 Increase in the Number of Cases of Component Failures in Electric Vehicles Boosts the Electric Vehicle Testing, Inspection, and Certification Market
1.1.1.3 Advent of Digital Technologies Pushes the Growth of the Electric Vehicle Testing, Inspection, and Certification Market
1.1.2 Supply Chain Network
1.1.2.1 Development Process (by Application)
1.1.2.1.1 Passenger Vehicles Safety and Security
1.1.2.1.2 Communication
1.1.2.1.3 Battery Systems
1.1.2.1.4 EV Charging
1.1.2.1.5 Connectors
1.1.3 Technology Roadmap
1.1.4 Ecosystem/Ongoing Programs
1.1.4.1 Consortiums, Associations, and Regulatory Bodies
1.1.4.2 Government Initiatives
1.1.4.3 Programs by Research Institutions and Universities
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Increasing Government Focus on Strict Regulatory Standards for Electric Vehicles
1.2.1.2 Growing Numbers of Electric Vehicles Worldwide
1.2.1.3 Digitalization in the Electric Vehicle Testing, Inspection, and Certification Market
1.2.2 Business Restraints
1.2.2.1 New Advancements in Electric Vehicles Demand More Skilled Resources
1.2.2.2 Varying Regulations and Standards in Different Regions
1.2.3 Business Strategies
1.2.3.1 Product Development
1.2.3.2 Market Development
1.2.4 Corporate Strategies
1.2.4.1 Mergers and Acquisitions
1.2.4.2 Partnerships, Joint Ventures, Collaborations, and Alliances
1.2.5 Business Opportunities
1.2.5.1 Countries Mandate Periodic Technical Inspections (PTI) of Electric Vehicles
1.2.5.2 Increased Demand for Electric Vehicle Testing, Inspection, and Certification in Emerging Economies
1.3 Impact of COVID-19 on the Industry
2 Application
2.1 Electric Vehicle Testing, Inspection, and Certification Market – Applications and Specifications
2.1.1 Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type)
2.1.1.1 Passenger Vehicle
2.1.1.2 Commercial Vehicle
2.1.2 Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type))
2.1.2.1 Vehicle Safety and Security
2.1.2.1.1 Key Use Cases
2.1.2.1.1.1 Electric Shock Insulation
2.1.2.1.1.2 Data Management and Privacy
2.1.2.1.1.3 Crash Safety for Accident Prevention
2.1.2.1.1.4 Others
2.1.2.1.2 Testing
2.1.2.1.3 Inspection
2.1.2.1.4 Certification
2.1.2.2 Communication
2.1.2.2.1 Testing
2.1.2.2.2 Inspection
2.1.2.2.3 Certification
2.1.2.3 Battery Systems
2.1.2.3.1 Key Use Cases
2.1.2.3.1.1 Battery Packs
2.1.2.3.1.2 Power Inverters
2.1.2.3.1.3 Motors and Controllers
2.1.2.3.1.4 Others
2.1.2.3.2 Testing
2.1.2.3.3 Inspection
2.1.2.3.4 Certification
2.1.2.4 EV Charging
2.1.2.4.1 Testing
2.1.2.4.2 Inspection
2.1.2.4.3 Certification
2.1.2.5 Connectors
2.1.2.5.1 Testing
2.1.2.5.2 Inspection
2.1.2.5.3 Certification
2.2 Demand Analysis for Electric Vehicle Testing, Inspection, and Certification Market (by Application), Value Data, 2021-2031
2.2.1 Demand Analysis for Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), 2021-2031
2.2.1.1 Passenger Vehicle
2.2.1.2 Commercial Vehicle
2.2.2 Demand Analysis for Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), 2021-2031
2.2.2.1 Passenger Vehicles Safety and Security
2.2.2.2 Communication
2.2.2.3 Battery Systems
2.2.2.4 EV Charging
2.2.2.5 Connectors
3 Products
3.1 Electric Vehicle Testing, Inspection, and Certification Market – Products and Specifications
3.1.1 Electric Vehicle Testing, Inspection, and Certification Market (by Service Type)
3.1.1.1 Testing
3.1.1.1.1 Testing Parameters
3.1.1.1.1.1 Mechanical
3.1.1.1.1.2 Temperature
3.1.1.1.1.3 Electrical
3.1.1.1.2 Conditions in Testing
3.1.1.2 Inspection
3.1.1.3 Certification
3.1.2 Electric Vehicle Testing, Inspection, and Certification Market (by Product Type)
3.1.2.1 Physical
3.1.2.2 Digital
3.1.3 Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing)
3.1.3.1 In-house
3.1.3.2 Outsourcing
3.2 Demand Analysis for Electric Vehicle Testing, Inspection, and Certification Market (by Product), Value Data, 2021-2031
3.2.1 Demand Analysis for Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), 2021-2031
3.2.1.1 Testing
3.2.1.2 Inspection
3.2.1.3 Certification
3.2.2 Demand Analysis for Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), 2021-2031
3.2.2.1 Physical
3.2.2.2 Digital
3.2.3 Demand Analysis for Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), 2021-2031
3.2.3.1 In-house
3.2.3.2 Outsourcing
4 Regions
4.1 North America
4.1.1 Market
4.1.1.1 Buyers Attributes
4.1.1.2 Key Service Providers in North America
4.1.1.3 Competitive Benchmarking
4.1.1.4 Business Challenges
4.1.1.5 Business Drivers
4.1.2 Application
4.1.2.1 North America Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), Value Data, 2021-2031
4.1.2.2 North America Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), Value Data, 2021-2031
4.1.3 Product
4.1.3.1 North America Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), Value Data, 2021-2031
4.1.3.2 North America Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), Value Data, 2021-2031
4.1.3.3 North America Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), Value Data, 2021-2031
4.1.4 North America: Country-Level Analysis
4.1.4.1 U.S.
4.1.4.1.1 Market
4.1.4.1.1.1 Buyer Attributes
4.1.4.1.1.2 Key Service Providers in the U.S.
4.1.4.1.1.3 Business Challenges
4.1.4.1.1.4 Business Drivers
4.1.4.1.2 Application
4.1.4.1.2.1 U.S. Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), Value Data, 2021-2031
4.1.4.1.2.2 U.S. Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), Value Data, 2021-2031
4.1.4.1.3 Product
4.1.4.1.3.1 U.S. Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), Value Data, 2021-2031
4.1.4.1.3.2 U.S. Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), Value Data, 2021-2031
4.1.4.1.3.3 U.S. Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), Value Data, 2021-2031
4.1.4.2 Canada
4.1.4.2.1 Market
4.1.4.2.1.1 Buyer Attributes
4.1.4.2.1.2 Key Service Providers in Canada
4.1.4.2.1.3 Business Challenges
4.1.4.2.1.4 Business Drivers
4.1.4.2.2 Application
4.1.4.2.2.1 Canada Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), Value Data, 2021-2031
4.1.4.2.2.2 Canada Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), Value Data, 2021-2031
4.1.4.2.3 Product
4.1.4.2.3.1 Canada Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), Value Data, 2021-2031
4.1.4.2.3.2 Canada Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), Value Data, 2021-2031
4.1.4.2.3.3 Canada Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), Value Data, 2021-2031
4.1.4.3 Mexico
4.1.4.3.1 Market
4.1.4.3.1.1 Buyer Attributes
4.1.4.3.1.2 Key Service Providers in Mexico
4.1.4.3.1.3 Business Challenges
4.1.4.3.1.4 Business Drivers
4.1.4.3.2 Application
4.1.4.3.2.1 Mexico Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), Value Data, 2021-2031
4.1.4.3.2.2 Mexico Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), Value Data, 2021-2031
4.1.4.3.3 Product
4.1.4.3.3.1 Mexico Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), Value Data, 2021-2031
4.1.4.3.3.2 Mexico Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), Value Data, 2021-2031
4.1.4.3.3.3 Mexico Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), Value Data, 2021-2031
4.2 Europe
4.2.1 Market
4.2.1.1 Buyers Attributes
4.2.1.2 Key Service Providers in Europe
4.2.1.3 Competitive Benchmarking
4.2.1.4 Business Challenges
4.2.1.5 Business Drivers
4.2.2 Application
4.2.2.1 Europe Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), Value Data, 2021-2031
4.2.2.2 Europe Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), Value Data, 2021-2031
4.2.3 Product
4.2.3.1 Europe Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), Value Data, 2021-2031
4.2.3.2 Europe Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), Value Data, 2021-2031
4.2.3.3 Europe Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), Value Data, 2021-2031
4.2.4 Europe: Country-Level Analysis
4.2.4.1 Germany
4.2.4.1.1 Market
4.2.4.1.1.1 Buyer Attributes
4.2.4.1.1.2 Key Service Providers in Germany
4.2.4.1.1.3 Business Challenges
4.2.4.1.1.4 Business Drivers
4.2.4.1.2 Application
4.2.4.1.2.1 Germany Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), Value Data, 2021-2031
4.2.4.1.2.2 Germany Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), Value Data, 2021-2031
4.2.4.1.3 Product
4.2.4.1.3.1 Germany Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), Value Data, 2021-2031
4.2.4.1.3.2 Germany Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), Value Data, 2021-2031
4.2.4.1.3.3 Germany Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), Value Data, 2021-2031
4.2.4.2 France
4.2.4.2.1 Market
4.2.4.2.1.1 Buyer Attributes
4.2.4.2.1.2 Key Service Providers in France
4.2.4.2.1.3 Business Challenges
4.2.4.2.1.4 Business Drivers
4.2.4.2.2 Application
4.2.4.2.2.1 France Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), Value Data, 2021-2031
4.2.4.2.2.2 France Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), Value Data, 2021-2031
4.2.4.2.3 Product
4.2.4.2.3.1 France Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), Value Data, 2021-2031
4.2.4.2.3.2 France Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), Value Data, 2021-2031
4.2.4.2.3.3 France Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), Value Data, 2021-2031
4.2.4.3 Spain
4.2.4.3.1 Market
4.2.4.3.1.1 Buyer Attributes
4.2.4.3.1.2 Key Service Providers in Spain
4.2.4.3.1.3 Business Challenges
4.2.4.3.1.4 Business Drivers
4.2.4.3.2 Application
4.2.4.3.2.1 Spain Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), Value Data, 2021-2031
4.2.4.3.2.2 Spain Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), Value Data, 2021-2031
4.2.4.3.3 Product
4.2.4.3.3.1 Spain Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), Value Data, 2021-2031
4.2.4.3.3.2 Spain Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), Value Data, 2021-2031
4.2.4.3.3.3 Spain Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), Value Data, 2021-2031
4.2.4.4 Rest-of-Europe
4.2.4.4.1 Market
4.2.4.4.1.1 Buyer Attributes
4.2.4.4.1.2 Key Service Providers in Rest-of-Europe
4.2.4.4.1.3 Business Challenges
4.2.4.4.1.4 Business Drivers
4.2.4.4.2 Application
4.2.4.4.2.1 Rest-of-Europe Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), Value Data, 2021-2031
4.2.4.4.2.2 Rest-of-Europe Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), Value Data, 2021-2031
4.2.4.4.3 Product
4.2.4.4.3.1 Rest-of-Europe Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), Value Data, 2021-2031
4.2.4.4.3.2 Rest-of-Europe Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), Value Data, 2021-2031
4.2.4.4.3.3 Rest-of-Europe Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), Value Data, 2021-2031
4.3 U.K.
4.3.1 Market
4.3.1.1 Buyers Attributes
4.3.1.2 Key Service Providers in the U.K.
4.3.1.3 Competitive Benchmarking
4.3.1.4 Business Challenges
4.3.1.5 Business Drivers
4.3.2 Application
4.3.2.1 U.K. Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), Value Data, 2021-2031
4.3.2.2 U.K. Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), Value Data, 2021-2031
4.3.3 Product
4.3.3.1 U.K. Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), Value Data, 2021-2031
4.3.3.2 U.K. Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), Value Data, 2021-2031
4.3.3.3 U.K. Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), Value Data, 2021-2031
4.4 China
4.4.1 Market
4.4.1.1 Buyers Attributes
4.4.1.2 Key Service Providers in China
4.4.1.3 Competitive Benchmarking
4.4.1.4 Business Challenges
4.4.1.5 Business Drivers
4.4.2 Application
4.4.2.1 China Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), Value Data, 2021-2031
4.4.2.2 China Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), Value Data, 2021-2031
4.4.3 Product
4.4.3.1 China Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), Value Data, 2021-2031
4.4.3.2 China Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), Value Data, 2021-2031
4.4.3.3 China Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), Value Data, 2021-2031
4.5 Asia-Pacific and Japan
4.5.1 Market
4.5.1.1 Buyers Attributes
4.5.1.2 Key Service Providers in Asia-Pacific and Japan
4.5.1.3 Competitive Benchmarking
4.5.1.4 Business Challenges
4.5.1.5 Business Drivers
4.5.2 Application
4.5.2.1 Asia-Pacific and Japan Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), Value Data, 2021-2031
4.5.2.2 Asia-Pacific and Japan Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), Value Data, 2021-2031
4.5.3 Product
4.5.3.1 Asia-Pacific and Japan Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), Value Data, 2021-2031
4.5.3.2 Asia-Pacific and Japan Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), Value Data, 2021-2031
4.5.3.3 Asia-Pacific and Japan Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), Value Data, 2021-2031
4.5.4 Asia-Pacific and Japan: Country-Level Analysis
4.5.4.1 Japan
4.5.4.1.1 Market
4.5.4.1.1.1 Buyer Attributes
4.5.4.1.1.2 Key Service Providers in Japan
4.5.4.1.1.3 Business Challenges
4.5.4.1.1.4 Business Drivers
4.5.4.1.2 Application
4.5.4.1.2.1 Japan Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), Value Data, 2021-2031
4.5.4.1.2.2 Japan Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), Value Data, 2021-2031
4.5.4.1.3 Product
4.5.4.1.3.1 Japan Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), Value Data, 2021-2031
4.5.4.1.3.2 Japan Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), Value Data, 2021-2031
4.5.4.1.3.3 Japan Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), Value Data, 2021-2031
4.5.4.2 South Korea
4.5.4.2.1 Market
4.5.4.2.1.1 Buyer Attributes
4.5.4.2.1.2 Key Service Providers in South Korea
4.5.4.2.1.3 Business Challenges
4.5.4.2.1.4 Business Drivers
4.5.4.2.2 Application
4.5.4.2.2.1 South Korea Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), Value Data, 2021-2031
4.5.4.2.2.2 South Korea Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), Value Data, 2021-2031
4.5.4.2.3 Product
4.5.4.2.3.1 South Korea Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), Value Data, 2021-2031
4.5.4.2.3.2 South Korea Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), Value Data, 2021-2031
4.5.4.2.3.3 South Korea Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), Value Data, 2021-2031
4.5.4.3 India
4.5.4.3.1 Market
4.5.4.3.1.1 Buyer Attributes
4.5.4.3.1.2 Key Service Providers in India
4.5.4.3.1.3 Business Challenges
4.5.4.3.1.4 Business Drivers
4.5.4.3.2 Application
4.5.4.3.2.1 India Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), Value Data, 2021-2031
4.5.4.3.2.2 India Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), Value Data, 2021-2031
4.5.4.3.3 Product
4.5.4.3.3.1 India Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), Value Data, 2021-2031
4.5.4.3.3.2 India Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), Value Data, 2021-2031
4.5.4.3.3.3 India Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), Value Data, 2021-2031
4.5.4.4 Rest-of-Asia-Pacific
4.5.4.4.1 Market
4.5.4.4.1.1 Buyer Attributes
4.5.4.4.1.2 Key Service Providers in Rest-of-Asia-Pacific
4.5.4.4.1.3 Business Challenges
4.5.4.4.1.4 Business Drivers
4.5.4.4.2 Application
4.5.4.4.2.1 Rest-of-Asia-Pacific Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), Value Data, 2021-2031
4.5.4.4.2.2 Rest-of-Asia-Pacific Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), Value Data, 2021-2031
4.5.4.4.3 Product
4.5.4.4.3.1 Rest-of-Asia-Pacific Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), Value Data, 2021-2031
4.5.4.4.3.2 Rest-of-Asia-Pacific Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), Value Data, 2021-2031
4.5.4.4.3.3 Rest-of-Asia-Pacific Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), Value Data, 2021-2031
4.6 Rest-of-the-World
4.6.1 Market
4.6.1.1 Buyers Attributes
4.6.1.2 Key Service Providers in Rest-of-the-World
4.6.1.3 Competitive Benchmarking
4.6.1.4 Business Challenges
4.6.1.5 Business Drivers
4.6.2 Application
4.6.2.1 Rest-of-the-World Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), Value Data, 2021-2031
4.6.2.2 Rest-of-the-World Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), Value Data, 2021-2031
4.6.3 Product
4.6.3.1 Rest-of-the-World Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), Value Data, 2021-2031
4.6.3.2 Rest-of-the-World Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), Value Data, 2021-2031
4.6.3.3 Rest-of-the-World Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), Value Data, 2021-2031
5 Markets – Competitive Benchmarking & Company Profiles
5.1 Competitive Benchmarking
5.2 Market Share Analysis
5.3 Product/Service Matrix
5.4 Company Profiles
5.4.1 DEKRA SE
5.4.1.1 Company Overview
5.4.1.1.1 Role of DEKRA SE in the Electric Vehicle Testing, Inspection, and Certification Market
5.4.1.1.2 Product Portfolio
5.4.1.2 Business Strategies
5.4.1.2.1 DEKRA SE: Market Development
5.4.1.3 Analyst View
5.4.2 TUV SUD
5.4.2.1 Company Overview
5.4.2.1.1 Role of TUV SUD in the Electric Vehicle Testing, Inspection, and Certification Market
5.4.2.1.2 Product Portfolio
5.4.2.2 Business Strategies
5.4.2.2.1 TUV SUD: Market Development
5.4.2.3 Analyst View
5.4.3 SGS Group
5.4.3.1 Company Overview
5.4.3.1.1 Role of SGS Group in the Electric Vehicle Testing, Inspection, and Certification Market
5.4.3.1.2 Product Portfolio
5.4.3.2 Analyst View
5.4.4 Applus Services S.A.
5.4.4.1 Company Overview
5.4.4.1.1 Role of Applus Services S.A. in the Electric Vehicle Testing, Inspection, and Certification Market
5.4.4.1.2 Product Portfolio
5.4.4.2 Business Strategies
5.4.4.2.1 Applus Services S.A.: Product Development
5.4.4.2.2 Applus Services S.A.: Market Development
5.4.4.3 Corporate Strategies
5.4.4.3.1 Applus Services S.A.: Mergers and Acquisitions
5.4.4.4 Analyst View
5.4.5 Bureau Veritas S.A.
5.4.5.1 Company Overview
5.4.5.1.1 Role of Bureau Veritas S.A. in the Electric Vehicle Testing, Inspection, and Certification Market
5.4.5.1.2 Product Portfolio
5.4.5.2 Business Strategies
5.4.5.2.1 Bureau Veritas S.A.: Product Development
5.4.5.3 Analyst View
5.4.6 Intertek Group plc
5.4.6.1 Company Overview
5.4.6.1.1 Role of Intertek Group plc in the Electric Vehicle Testing, Inspection, and Certification Market
5.4.6.1.2 Product Portfolio
5.4.6.2 Business Strategies
5.4.6.2.1 Intertek Group plc: Market Development
5.4.6.3 Analyst View
5.4.7 Eurofins Scientific
5.4.7.1 Company Overview
5.4.7.1.1 Role of Eurofins Scientific in the Electric Vehicle Testing, Inspection, and Certification Market
5.4.7.1.2 Product Portfolio
5.4.7.2 Corporate Strategies
5.4.7.2.1 Eurofins Scientific: Mergers and Acquisitions
5.4.7.3 Analyst View
5.4.8 British Standards Institution
5.4.8.1 Company Overview
5.4.8.1.1 Role of British Standards Institution in the Electric Vehicle Testing, Inspection, and Certification Market
5.4.8.1.2 Product Portfolio
5.4.8.2 Business Strategies
5.4.8.2.1 British Standards Institution: Product Development
5.4.8.2.2 British Standards Institution: Market Development
5.4.8.3 Analyst View
5.4.9 Rina S.p.A
5.4.9.1 Company Overview
5.4.9.1.1 Role of Rina S.p.A in the Electric Vehicle Testing, Inspection, and Certification Market
5.4.9.1.2 Product Portfolio
5.4.9.2 Analyst View
5.4.10 TÜV Rheinland Group
5.4.10.1 Company Overview
5.4.10.1.1 Role of TÜV Rheinland Group in the Electric Vehicle Testing, Inspection, and Certification Market
5.4.10.1.2 Product Portfolio
5.4.10.2 Business Strategies
5.4.10.2.1 TÜV Rheinland Group: Market Development
5.4.10.3 Corporate Strategies
5.4.10.3.1 TÜV Rheinland Group: Partnerships, Joint Ventures, Collaborations, and Alliances
5.4.10.4 Analyst View
5.4.11 Nemko
5.4.11.1 Company Overview
5.4.11.1.1 Role of Nemko in the Electric Vehicle Testing, Inspection, and Certification Market
5.4.11.1.2 Product Portfolio
5.4.11.2 Analyst View
5.4.12 NSF International
5.4.12.1 Company Overview
5.4.12.1.1 Role of NSF International in the Electric Vehicle Testing, Inspection, and Certification Market
5.4.12.1.2 Product Portfolio
5.4.12.2 Analyst View
5.4.13 Lloyd’s Register Group Limited
5.4.13.1 Company Overview
5.4.13.1.1 Role of Lloyd’s Register Group Limited in the Electric Vehicle Testing, Inspection, and Certification Market
5.4.13.1.2 Product Portfolio
5.4.13.2 Analyst View
5.4.14 UL LLC
5.4.14.1 Company Overview
5.4.14.1.1 Role of UL LLC in the Electric Vehicle Testing, Inspection, and Certification Market
5.4.14.1.2 Product Portfolio
5.4.14.2 Business Strategies
5.4.14.2.1 UL LLC: Product Development
5.4.14.2.2 UL LLC: Market Development
5.4.14.3 Corporate Strategies
5.4.14.3.1 UL LLC: Mergers and Acquisitions
5.4.14.3.2 UL LLC: Partnerships, Collaborations, Joint Ventures, and Alliances
5.4.14.4 Analyst View
5.4.15 Element Materials Technology
5.4.15.1 Company Overview
5.4.15.1.1 Role of Element Materials Technology in the Electric Vehicle Testing, Inspection, and Certification Market
5.4.15.1.2 Product Portfolio
5.4.15.2 Business Strategies
5.4.15.2.1 Element Materials Technology: Market Development
5.4.15.3 Analyst View
5.4.16 DNV
5.4.16.1 Company Overview
5.4.16.1.1 Role of DNV in the Electric Vehicle Testing, Inspection, and Certification Market
5.4.16.1.2 Product Portfolio
5.4.16.2 Business Strategies
5.4.16.2.1 DNV: Market Development
5.4.16.3 Corporate Strategies
5.4.16.3.1 DNV: Partnerships, Collaborations, Joint Ventures, and Alliances
5.4.16.4 Analyst View
5.4.17 Apave Group
5.4.17.1 Company Overview
5.4.17.1.1 Role of Apave Group in the Electric Vehicle Testing, Inspection, and Certification Market
5.4.17.1.2 Product Portfolio
5.4.17.2 Analyst View
5.4.18 TÜV NORD GROUP
5.4.18.1 Company Overview
5.4.18.1.1 Role of TÜV NORD GROUP in the Electric Vehicle Testing, Inspection, and Certification Market
5.4.18.1.2 Product Portfolio
5.4.18.2 Analyst View
5.4.19 Link Engineering Company
5.4.19.1 Company Overview
5.4.19.1.1 Role of Link Engineering Company in the Electric Vehicle Testing, Inspection, and Certification Market
5.4.19.1.2 Product Portfolio
5.4.19.2 Business Strategies
5.4.19.2.1 Link Engineering Company: Product Development
5.4.19.3 Corporate Strategies
5.4.19.3.1 Link Engineering Company: Partnerships, Collaborations, Joint Ventures, and Alliances
5.4.19.4 Analyst View
5.4.20 AVL List GmbH
5.4.20.1 Company Overview
5.4.20.1.1 Role of AVL List GmbH in the Electric Vehicle Testing, Inspection, and Certification Market
5.4.20.1.2 Product Portfolio
5.4.20.2 Business Strategies
5.4.20.2.1 AVL List GmbH: Product Development
5.4.20.2.2 AVL List GmbH: Market Development
5.4.20.3 Corporate Strategies
5.4.20.3.1 AVL List GmbH: Partnerships, Collaborations, Joint Ventures, and Alliances
5.4.20.4 Analyst View
5.4.21 Other Key Companies
6 Research Methodology
6.1 Data Sources
6.1.1 Primary Data Sources
6.1.2 Secondary Data Sources
6.2 Data Triangulation
6.3 Market Estimation and Forecast
6.3.1 Factors for Data Prediction and Modeling
List of Figures
Figure 1: Global Electric Vehicle Testing, Inspection, and Certification Market, $Million, 2021-2031
Figure 2: Global Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), $Million, 2021-2031
Figure 3: Global Electric Vehicle Testing, Inspection, and Certification Market (by Application), $Million, 2021-2031
Figure 4: Global Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), $Million, 2021-2031
Figure 5: Global Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), $Million, 2021-2031
Figure 6: Global Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), $Million, 2021-2031
Figure 7: Electric Vehicle Testing, Inspection, and Certification Market (by Region), $Million, 2021
Figure 8: Electric Vehicle Testing, Inspection, and Certification: Coverage
Figure 9: Electric Vehicle Testing, Inspection, and Certification Market Supply Chain Analysis
Figure 10: Stakeholders in Electric Vehicle Testing, Inspection, and Certification Market
Figure 11: Stages of Passenger Vehicles Safety and Security
Figure 12: V2G Technology and Devices
Figure 13: Testing of an EV Battery Pack
Figure 14: EV Charging Development Process
Figure 15: Connector Design Process
Figure 16: Business Dynamics for Electric Vehicle Testing, Inspection, and Certification Market
Figure 17: Technologies for Electric Vehicle Testing, Inspection, and Certification Services
Figure 18: Key Business Strategies, 2020-2022
Figure 19: Product Development (by Company), 2020-2022
Figure 20: Market Development (by Company), 2020-2022
Figure 21: Key Corporate Strategies, 2020-2022
Figure 22: Mergers and Acquisitions (by Company), 2020-2022
Figure 23: Partnerships, Joint Ventures, Collaborations, and Alliances (by Company), 2020-2022
Figure 24: Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type)
Figure 25: Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type))
Figure 26: Electric Vehicle Charging Modes
Figure 27: Types of Electric Vehicle Charger
Figure 28: Electric Vehicle Testing, Inspection, and Certification Market (Passenger Vehicle), $Million, 2021-2031
Figure 29: Electric Vehicle Testing, Inspection, and Certification Market (Commercial Vehicle), $Million, 2021-2031
Figure 30: Electric Vehicle Testing, Inspection, and Certification Market (Passenger Vehicles Safety and Security), $Million, 2021-2031
Figure 31: Electric Vehicle Testing, Inspection, and Certification Market (Communication), $Million, 2021-2031
Figure 32: Electric Vehicle Testing, Inspection, and Certification Market (Battery Systems), $Million, 2021-2031
Figure 33: Electric Vehicle Testing, Inspection, and Certification Market (EV Charging), $Million, 2021-2031
Figure 34: Electric Vehicle Testing, Inspection, and Certification Market (Connectors), $Million, 2021-2031
Figure 35: Electric Vehicle Testing, Inspection, and Certification Market (by Service Type)
Figure 36: Global Electric Vehicle Testing, Inspection, and Certification Market: Safety Strategies.
Figure 37: Electric Vehicle Testing, Inspection, and Certification Market (by Product Type)
Figure 38: Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing)
Figure 39: Electric Vehicle Testing, Inspection, and Certification Market (Testing), $Million, 2021-2031
Figure 40: Electric Vehicle Testing, Inspection, and Certification Market (Inspection), $Million, 2021-2031
Figure 41: Electric Vehicle Testing, Inspection, and Certification Market (Certification), $Million, 2021-2031
Figure 42: Electric Vehicle Testing, Inspection, and Certification Market (Physical), $Million, 2021-2031
Figure 43: Electric Vehicle Testing, Inspection, and Certification Market (Digital), $Million, 2021-2031
Figure 44: Electric Vehicle Testing, Inspection, and Certification Market (In-house), $Million, 2021-2031
Figure 45: Electric Vehicle Testing, Inspection, and Certification Market (Outsourcing), $Million, 2021-2031
Figure 46: North America Electric Vehicle Testing, Inspection, and Certification Market: Competitive Benchmarking, 2021
Figure 47: North America Electric Vehicle Testing, Inspection, and Certification Market, $Million, 2021-2031
Figure 48: Europe Electric Vehicle Testing, Inspection, and Certification Market: Competitive Benchmarking, 2021
Figure 49: Europe Electric Vehicle Testing, Inspection, and Certification Market, $Million, 2021-2031
Figure 50: U.K. Electric Vehicle Testing, Inspection, and Certification Market: Competitive Benchmarking, 2021
Figure 51: U.K. Electric Vehicle Testing, Inspection, and Certification Market, $Million, 2021-2031
Figure 52: China Electric Vehicle Testing, Inspection, and Certification Market: Competitive Benchmarking, 2021
Figure 53: China Electric Vehicle Testing, Inspection, and Certification Market, $Million, 2021-2031
Figure 54: Asia-Pacific and Japan Electric Vehicle Testing, Inspection, and Certification Market: Competitive Benchmarking, 2021
Figure 55: Asia-Pacific and Japan Electric Vehicle Testing, Inspection, and Certification Market, $Million, 2021-2031
Figure 56: Rest-of-the-World Electric Vehicle Testing, Inspection, and Certification Market: Competitive Benchmarking, 2021
Figure 57: Rest-of-the-World Electric Vehicle Testing, Inspection, and Certification Market, $Million, 2021-2031
Figure 58: Global Electric Vehicle Testing, Inspection, and Certification Market: Competitive Benchmarking, 2021
Figure 59: Research Methodology
Figure 60: Data Triangulation
Figure 61: Top-Down and Bottom-Up Approach
Figure 62: Assumptions and Limitations
List of Tables
Table 1: Global Electric Vehicle Testing, Inspection, and Certification Market Overview
Table 2: Consortiums, Associations, and Regulatory Bodies
Table 3: Government Initiatives
Table 4: Programs by Research Institutions and Universities
Table 5: Impact of Business Drivers
Table 6: Impact of Business Restraints
Table 7: Electric Vehicle Key Policies and Measures
Table 8: Impact of Business Opportunities
Table 9: Passenger Vehicles Safety and Security Standards
Table 10: Communication Standards
Table 11: EV Battery Testing Standards
Table 12: EV Charging Standards
Table 13: Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), $Million, 2021-2031
Table 14: Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), $Million, 2021-2031
Table 15: Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), $Million, 2021-2031
Table 16: Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), $Million, 2021-2031
Table 17: Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), $Million, 2021-2031
Table 18: Electric Vehicle Testing, Inspection, and Certification Market (by Region), $Million, 2021-2031
Table 19: North America Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), $Million, 2021-2031
Table 20: North America Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), $Million, 2021-2031
Table 21: North America Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), $Million, 2021-2031
Table 22: North America Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), $Million, 2021-2031
Table 23: North America Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), $Million, 2021-2031
Table 24: U.S. Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), $Million, 2021-2031
Table 25: U.S. Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), $Million, 2021-2031
Table 26: U.S. Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), $Million, 2021-2031
Table 27: U.S. Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), $Million, 2021-2031
Table 28: U.S. Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), $Million, 2021-2031
Table 29: Canada Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), $Million, 2021-2031
Table 30: Canada Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), $Million, 2021-2031
Table 31: Canada Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), $Million, 2021-2031
Table 32: Canada Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), $Million, 2021-2031
Table 33: Canada Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), $Million, 2021-2031
Table 34: Mexico Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), $Million, 2021-2031
Table 35: Mexico Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), $Thousand, 2021-2031
Table 36: Mexico Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), $Million, 2021-2031
Table 37: Mexico Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), $Million, 2021-2031
Table 38: Mexico Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), $Million, 2021-2031
Table 39: Europe Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), $Million, 2021-2031
Table 40: Europe Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), $Million, 2021-2031
Table 41: Europe Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), $Million, 2021-2031
Table 42: Europe Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), $Million, 2021-2031
Table 43: Europe Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), $Million, 2021-2031
Table 44: Germany Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), $Million, 2021-2031
Table 45: Germany Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), $Million, 2021-2031
Table 46: Germany Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), $Million, 2021-2031
Table 47: Germany Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), $Million, 2021-2031
Table 48: Germany Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), $Million, 2021-2031
Table 49: France Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), $Million, 2021-2031
Table 50: France Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), $Million, 2021-2031
Table 51: France Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), $Million, 2021-2031
Table 52: France Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), $Million, 2021-2031
Table 53: France Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), $Million, 2021-2031
Table 54: Spain Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), $Million, 2021-2031
Table 55: Spain Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), $Million, 2021-2031
Table 56: Spain Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), $Million, 2021-2031
Table 57: Spain Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), $Million, 2021-2031
Table 58: Spain Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), $Million, 2021-2031
Table 59: Rest-of-Europe Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), $Million, 2021-2031
Table 60: Rest-of-Europe Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), $Million, 2021-2031
Table 61: Rest-of-Europe Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), $Million, 2021-2031
Table 62: Rest-of-Europe Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), $Million, 2021-2031
Table 63: Rest-of-Europe Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), $Million, 2021-2031
Table 64: U.K. Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), $Million, 2021-2031
Table 65: U.K. Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), $Million, 2021-2031
Table 66: U.K. Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), $Million, 2021-2031
Table 67: U.K. Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), $Million, 2021-2031
Table 68: U.K. Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), $Million, 2021-2031
Table 69: China Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), $Million, 2021-2031
Table 70: China Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), $Million, 2021-2031
Table 71: China Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), $Million, 2021-2031
Table 72: China Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), $Million, 2021-2031
Table 73: China Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), $Million, 2021-2031
Table 74: Asia-Pacific and Japan Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), $Million, 2021-2031
Table 75: Asia-Pacific and Japan Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), $Million, 2021-2031
Table 76: Asia-Pacific and Japan Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), $Million, 2021-2031
Table 77: Asia-Pacific and Japan Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), $Million, 2021-2031
Table 78: Asia-Pacific and Japan Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), $Million, 2021-2031
Table 79: Japan Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), $Million, 2021-2031
Table 80: Japan Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), $Million, 2021-2031
Table 81: Japan Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), $Million, 2021-2031
Table 82: Japan Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), $Million, 2021-2031
Table 83: Japan Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), $Million, 2021-2031
Table 84: South Korea Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), $Million, 2021-2031
Table 85: South Korea Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), $Thousand, 2021-2031
Table 86: South Korea Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), $Million, 2021-2031
Table 87: South Korea Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), $Million, 2021-2031
Table 88: South Korea Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), $Million, 2021-2031
Table 89: India Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), $Million, 2021-2031
Table 90: India Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), $Million, 2021-2031
Table 91: India Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), $Million, 2021-2031
Table 92: India Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), $Million, 2021-2031
Table 93: India Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), $Million, 2021-2031
Table 94: Rest-of-Asia-Pacific Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), $Million, 2021-2031
Table 95: Rest-of-Asia-Pacific Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), $Million, 2021-2031
Table 96: Rest-of-Asia-Pacific Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), $Million, 2021-2031
Table 97: Rest-of-Asia-Pacific Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), $Million, 2021-2031
Table 98: Rest-of-Asia-Pacific Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), $Million, 2021-2031
Table 99: Rest-of-the-World Electric Vehicle Testing, Inspection, and Certification Market (by Vehicle Type), $Million, 2021-2031
Table 100: Rest-of-the-World Electric Vehicle Testing, Inspection, and Certification Market (by Application (by Service Type)), $Thousand, 2021-2031
Table 101: Rest-of-the-World Electric Vehicle Testing, Inspection, and Certification Market (by Service Type), $Million, 2021-2031
Table 102: Rest-of-the-World Electric Vehicle Testing, Inspection, and Certification Market (by Product Type), $Million, 2021-2031
Table 103: Rest-of-the-World Electric Vehicle Testing, Inspection, and Certification Market (by Sourcing), $Million, 2021-2031
Table 104: Global Electric Vehicle Testing, Inspection, and Certification Market Share Analysis, 2021
Table 105: Global Electric Vehicle Testing, Inspection, and Certification Market: Product Matrix
Table 106: DEKRA SE: Product and Service Portfolio
Table 107: DEKRA SE: Market Development
Table 108: TUV SUD: Product and Service Portfolio
Table 109: TUV SUD: Market Development
Table 110: SGS Group: Product and Service Portfolio
Table 111: Applus Services S.A.: Product and Service Portfolio
Table 112: Applus Services S.A.: Product Development
Table 113: Applus Services S.A.: Market Development
Table 114: Bureau Veritas S.A.: Product and Service Portfolio
Table 115: Bureau Veritas S.A.: Product Development
Table 116: Intertek Group plc: Product and Service Portfolio
Table 117: Intertek Group plc: Market Development
Table 118: Eurofins Scientific: Product and Service Portfolio
Table 119: Eurofins Scientific: Mergers and Acquisitions
Table 120: British Standards Institution: Product and Service Portfolio
Table 121: British Standards Institution: Product Development
Table 122: British Standards Institution: Market Development
Table 123: Rina S.p.A: Product and Service Portfolio
Table 124: TÜV Rheinland Group: Product and Service Portfolio
Table 125: TÜV Rheinland Group: Market Development
Table 126: TÜV Rheinland Group: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 127: Nemko: Product and Service Portfolio
Table 128: NSF International: Product and Service Portfolio
Table 129: Lloyd’s Register Group Limited: Product and Service Portfolio
Table 130: UL LLC: Product and Service Portfolio
Table 131: UL LLC: Product Development
Table 132: UL LLC: Market Development
Table 133: UL LLC: Mergers and Acquisitions
Table 134: UL LLC: Partnerships, Collaborations, Joint Ventures, and Alliances
Table 135: Element Materials Technology: Product and Service Portfolio
Table 136: Element Materials Technology: Market Development
Table 137: DNV: Product and Service Portfolio
Table 138: DNV: Market Development
Table 139: DNV: Partnerships, Collaborations, Joint Ventures, and Alliances
Table 140: Apave Group: Product and Service Portfolio
Table 141: TÜV NORD GROUP: Product and Service Portfolio
Table 142: Link Engineering Company: Product and Service Portfolio
Table 143: Link Engineering Company: Product Development
Table 144: Link Engineering Company: Partnerships, Collaborations, Joint Ventures, and Alliances
Table 145: AVL List GmbH: Product and Service Portfolio
Table 146: AVL List GmbH: Product Development
Table 147: AVL List GmbH: Market Development
Table 148: AVL List GmbH: Partnerships, Collaborations, Joint Ventures, and Alliances
Table 149: Other Key Companies in Electric Vehicle Testing, Inspection, and Certification Market

The post Electric Vehicle Testing, Inspection, and Certification Market – A Global and Regional Analysis: Focus on Application, Product, and Country-Level Analysis – Analysis and Forecast, 2022-2031 first appeared on CRI Report.

An electric vehicle is a vehicle that uses electrical energy to power its passage. It is a new energy vehicle and is subdivided into battery electric vehicles (BEVs), hybrid electric vehicles (HEVs) and fuel cell vehicles (FCEVs) according to the power source.

Southeast Asia’s electricity is currently highly dependent on thermal power, with the proportion of thermal power accounting for about 80%. For Southeast Asian countries, the promotion of electric vehicles is conducive to reducing carbon emissions and environmental pollution. Coupled with the generally low per capita car ownership in Southeast Asian countries, the priority development of electric vehicles has become the choice of many countries.

Southeast Asia in this report includes 10 countries: Singapore, Thailand, Philippines, Malaysia, Indonesia, Vietnam, Myanmar, Brunei, Laos and Cambodia. With a total population of over 600 million by the end of 2021, Southeast Asia has an overall economic growth rate higher than the global average and is one of the key drivers of future global economic growth.

According to CRI’s analysis, the economic levels of the 10 Southeast Asian countries vary greatly, with Singapore being the only developed country with a per capita GDP of about US$73,000 in 2021. While Myanmar and Cambodia will have a GDP per capita of less than US$2,000 in 2021. The population and minimum wage levels also vary greatly from country to country, with Brunei, which has the smallest population, having a total population of less than 500,000 people in 2021, and Indonesia, which has the largest population, having a population of about 275 million people in 2021. The most economically advanced countries in Southeast Asia do not have a legal minimum wage, with the actual minimum wage exceeding US$400 per month (for foreign maids), while the lowest minimum wage level in Myanmar is only about US$93 per month.

South Korea’s Hyundai Motor’s newly built electric car auto plant in Indonesia has started official production in 2022. Swedish car brand Volvo announced in March 2022 to assemble cars in Malaysia. Germany’s Mercedes-Benz Group plans to set up an electric car assembly plant in Thailand starting in 2022.

The Chinese auto brands SAIC, Great Wall Motor, Chery, Dongfeng, Geely and Chang’an have been selling electric cars in Southeast Asia one after another, with Great Wall Motor having built a plant in Thailand to produce both fuel and electric cars, with an annual capacity of 80,000 units already.

Malaysian car company Fieldman announced in early 2022 a partnership with China’s Chang’an Automobile to invest RM1 billion (about US$227 million) to set up a plant in Melaka to produce electric vehicles. Chinese car company Geely, for its part, acquired Malaysian car brand Proton in 2017 and plans to produce electric cars.

With the development of manufacturing industry in Southeast Asia, there have been gradually foreign companies set up electric vehicle manufacturing enterprises in Southeast Asia to reduce costs. Southeast Asia is gradually becoming an important electric vehicle production base and consumer market.

CRI expects the Southeast Asian electric vehicle market to maintain growth during the period 2023-2032.

Topics covered:

• Southeast Asia Electric Vehicle Industry Status and Major Sources in 2018-2022
• What is the Impact of COVID-19 on Southeast Asia Electric Vehicle Industry?
• Which Companies are the Major Players in Southeast Asia Electric Vehicle Industry Market and What are their Competitive Benchmarks?
• Key Drivers and Market Opportunities in Southeast Asia Electric Vehicle Industry
• What are the Key Drivers, Challenges, and Opportunities for Southeast Asia Electric Vehicle Industry during 2023-2032?
• What is the Expected Revenue of Southeast Asia Electric Vehicle Industry during 2023-2032?
• What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
• What are the Competitive Advantages of the Major Players in Southeast Asia Electric Vehicle Industry Market?
• Which Segment of Southeast Asia Electric Vehicle Industry is Expected to Dominate the Market in 2032?
• What are the Major Adverse Factors Facing Southeast Asia Electric Vehicle Industry?

Table of Contents

1 Analysis of the Electric Vehicle Industry in Singapore

1.1 Development Environment of Singapore’s Electric Vehicle Industry

1.1.1 Geography

1.1.2 Population

1.1.3 Economy

1.1.4 Singapore Manufacturing Minimum Wage

1.2 Singapore Electric Vehicle Industry Operation 2018-2022

1.2.1 Singapore Electric Vehicle Production Status

1.2.2 Sales Status of Electric Vehicles in Singapore

1.2.3 Singapore Electric Vehicles Import and Export Status

1.3 Analysis of Major Electric Vehicle Manufacturers in Singapore

2 Analysis of Electric Vehicle Industry in Thailand

2.1 Development Environment of Thailand’s Electric Vehicle Industry

2.1.1 Geography

2.1.2 Population

2.1.3 Economy

2.1.4 Thailand Manufacturing Minimum Wage

2.2 Thailand Electric Vehicle Industry Operation 2018-2022

2.2.1 Thailand Electric Vehicle Production Status

2.2.2 Thailand Electric Vehicle Sales Status

2.2.3 Thailand Electric Vehicle Import and Export Status

2.3 Major Electric Vehicle Manufacturers in Thailand

3 Analysis of Electric Vehicle Industry in the Philippines

3.1 Development Environment of Electric Vehicle Industry in the Philippines

3.1.1 Geography

3.1.2 Population

3.1.3 Economy

3.1.4 Philippines Manufacturing Minimum Wage

3.2 Philippine Electric Vehicle Industry Operation 2018-2022

3.2.1 Philippines Electric Vehicle Production Status

3.2.2 Philippines Electric Vehicles Sales Status

3.2.3 Philippine Electric Vehicle Import and Export Status

3.3 Major Electric Vehicle Manufacturers in the Philippines

4 Malaysia Electric Vehicle Industry Analysis

4.1 Malaysia Electric Vehicle Industry Development Environment

4.1.1 Geography

4.1.2 Population

4.1.3 Economy

4.1.4 Malaysia Manufacturing Minimum Wage

4.2 Malaysia Electric Vehicle Industry Operation 2018-2022

4.2.1 Malaysia Electric Vehicle Production Status

4.2.2 Malaysia Electric Vehicle Sales Status

4.2.3 Malaysia Electric Vehicle Import and Export Status

4.3 Major Electric Vehicle Manufacturers in Malaysia

5 Indonesia Electric Vehicle Industry Analysis

5.1 Indonesia Electric Vehicle Industry Development Environment

5.1.1 Geography

5.1.2 Population

5.1.3 Economy

5.1.4 Indonesia Manufacturing Minimum Wage

5.2 Indonesia Electric Vehicle Industry Operation 2018-2022

5.2.1 Indonesia Electric Vehicle Production Status

5.2.2 Indonesia Electric Vehicle Sales Status

5.2.3 Indonesia Electric Vehicle Import and Export Status

5.3 Major Electric Vehicle Production Companies in Indonesia

6 Analysis of Electric Vehicle Industry in Vietnam

6.1 Development Environment of Electric Vehicle Industry in Vietnam

6.1.1 Geography

6.1.2 Population

6.1.3 Economy

6.1.4 Vietnam Manufacturing Minimum Wage

6.2 Vietnam Electric Vehicle Industry Operation 2018-2022

6.2.1 Vietnam Electric Vehicle Production Status

6.2.2 Vietnam Electric Vehicle Sales Status

6.2.3 Vietnam Electric Vehicle Import and Export Status

6.3 Major Electric Vehicle Production Enterprises in Vietnam

7 Analysis of Electric Vehicle Industry in Myanmar

7.1 Development Environment of Electric Vehicle Industry in Myanmar

7.1.1 Geography

7.1.2 Population

7.1.3 Economy

7.1.4 Myanmar Manufacturing Minimum Wage

7.2 Myanmar Electric Vehicles Industry Operation 2018-2022

7.2.1 Myanmar Electric Vehicles Production Status

7.2.2 Myanmar Electric Vehicles Sales Status

7.2.3 Myanmar Electric Vehicles Import and Export Status

7.3 Major Electric Vehicle Manufacturers in Myanmar

8 Brunei Electric Vehicle Industry Analysis

8.1 Brunei Electric Vehicle Industry Development Environment

8.1.1 Geography

8.1.2 Population

8.1.3 Economy

8.1.4 Brunei Manufacturing Minimum Wage

8.2 Brunei Electric Vehicle Industry Operation 2018-2022

8.2.1 Brunei Electric Vehicle Production Status

8.2.2 Brunei Electric Vehicle Sales Status

8.2.3 Brunei Electric Vehicle Import and Export Status

8.3 Brunei Major Manufacturing Enterprises

9 Analysis of Electric Vehicle Industry in Laos

9.1 Development Environment of Electric Vehicle Industry in Laos

9.1.1 Geography

9.1.2 Population

9.1.3 Economy

9.1.4 Minimum Wage of Manufacturing Industry in Laos

9.2 Electric Vehicle Industry Operation in Laos 2018-2022

9.2.1 Electric Vehicle Production Status in Laos

9.2.2 Laos Electric Vehicles Sales Status

9.2.3 Laos Electric Vehicles Import and Export Status

9.3 Major Electric Vehicle Manufacturers in Laos

10 Analysis of Electric Vehicle Industry in Cambodia

10.1 Development Environment of Electric Vehicle Industry in Cambodia

10.1.1 Geography

10.1.2 Population

10.1.3 Economy

10.1.4 Minimum Wage of Manufacturing Industry in Cambodia

10.2 Cambodia Electric Vehicle Industry Operation 2018-2022

10.2.1 Cambodia Electric Vehicle Production Status

10.2.2 Cambodia Electric Vehicle Sales Status

10.2.3 Cambodia Electric Vehicle Import and Export Status

10.3 Major Electric Vehicle Manufacturers in Cambodia

11 Southeast Asia Electric Vehicle Industry Outlook 2023-2032

11.1 Analysis of Factors Affecting the Development of Electric Vehicle Industry in Southeast Asia

11.1.1 Favorable Factors

11.1.2 Unfavorable Factors

11.2 Southeast Asia Electric Vehicles Industry Supply Forecast 2023-2032

11.3 Southeast Asia Electric Vehicle Manufacturing Market Demand Forecast 2023-2032

11.4 Impact of COVID -19 Epidemic on Electric Vehicle Industry

The post Research Report on Southeast Asia Electric Vehicle Industry 2023-2032 first appeared on CRI Report.

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

The post Global Electric Vehicle Market Research Report Forecast to 2030 first appeared on CRI Report.

• Market Segments: By Vehicle Type (Two-wheeler, Passenger Cars & Commercial Vehicles);
• By Propulsion (Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV) and Battery Electric Vehicle (BEV);
• By Voltage (24V, 36V, 48V, 60V, 72V) and Region

Product Overview
In the years ahead, electric vehicles are becoming an increasingly common sight, and now cities have even more radical zero-emission mobility targets. Compared to conventional heavy vehicles with internal combustion engines, light electric vehicles operate on electricity instead of light vehicles operating on an electric motor that needs a constant supply of battery energy.

Market Highlights
Asia Light Electric Vehicle Market is expected to project a notable CAGR of XX.X% in 2030.
Asia Light Electric Vehicle Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30. Due to the rise in demand for fuel-efficient, high-performance and low-emission vehicles, the industry has seen substantial demand for goods along with strict government restrictions and regulations on vehicle emissions, complementing the growth of the electric vehicle market.

Asia Light Vehicle Market: Segments
Passenger Car vehicle segment to grow with the highest CAGR of XX.X% during 2019-30
Asia Light Vehicle market is segmented by vehicle type into Two-wheeler, Passenger Cars & Commercial Vehicles. The two-wheelers vehicle type has held the largest share in the Asian light electric vehicle market owing to the congestion in traffic of major cities or urban areas hence, two-wheeler is mostly preferred by consumers, and with the shifting trend to electric vehicles consumers are rapidly adopting electric two-wheelers.

Asia Light Vehicle Market: Market Dynamics
Drivers
Favorable regulations, policies and subsidies
Strict CO2 emission standards have been formulated by the governments of different countries that have raised the market for electric vehicles. In order to replace the petroleum-based car fleet with electric vehicles, governments are also offering incentives and subsidies to promote EV sales in Asian countries.
Restraints
Lack of standardization of charging infrastructure
The major challenges faced by the light electric vehicle industry are high cost of battery manufacturing, lack of charging infrastructure and competition from high-performance gasoline-driven vehicles. The market for traditional vehicles is largely focused on their performance.

Asia Light Vehicle Market: Regions
Asia Light Electric Vehicle market is segmented based on regional analysis into five major regions. These include China, India, Indonesia, Malaysia, Thailand and Rest of Asia.
Asia Light Electric Vehicle market in China held the largest market share of XX.X% in the year 2018. The growth of the light electric vehicle market has led to favorable government legislation, the involvement of a large number of local players and growing investment in the production of battery technology in the area. The Asia-Pacific region is also expected to expand with high CAGRs over the forecast period, driven primarily by rising demand for electric scooters in the region.

Asia Light Electric Vehicle Market: Key Players
• Electrotherm India Ltd.
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Clean Motion AB
• AIMA Technology co., Ltd.
• Ningbo MYWAY Intelligent Technology Co. Ltd.
• Changzhou Yufeng Vehicle Co. Ltd.
• Zhejiang Luyuan Electric Vehicle Co., Ltd.
• Hero Electric Vehicles Pvt. Ltd.
• Terra Motors Corporation
• Other Prominent Players

Asia Light Electric Vehicle market report also contains analysis on:
• Asia Light Electric Vehicle Market Segments:
o By Motor Type
 DC brushed motors
 DC brushless motors
 Induction motor
 Synchronous motor
 Switched Reluctance motor
o By Charging Station
 Normal
 Super
o By Vehicle Class
 Mid-priced
 Luxury
• Light Electric Vehicle Market Dynamics
• Light Electric Vehicle Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

Electric Vehicle Testing, Inspection, and Certification – A Global and Regional Analysis: Focus on Product, Application, and Country Assessment

The post Asia Light Electric Vehicle Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030 first appeared on CRI Report.

In the global and Chinese markets, electric car manufacturers are divided into two categories. One is traditional car manufacturers such as Toyota, local, Volkswagen, GM, Renault, Ford, BMW, BYD, etc. The other category is emerging companies, such as Tesla, NIO, XPEV, etc. In 2020, Tesla occupied the number one position in the global electric vehicle market with approximately 490,000 sales. Other leading companies include Volkswagen, General Motors, Renault, BYD and so on. According to CRI’s analysis, in 2020, the competitive landscape of China’s new energy vehicles will also change. Tesla, NIO, and XPEV have performed well in the Chinese auto market and the global capital market, while many traditional car companies have not performed well. For example, NIO’s electric vehicles are contracted by JAC and sold only by JAC. However, as of the end of January 2021, the market value of JAC, which has a history of more than 20 years, is less than US$3 billion, while the market value of NIO, which has a history of only 6 years, has reached approximately US$90 billion.
According to CRI analysis, the rapid global growth of the electric vehicle market has benefited from many factors such as government subsidies, fashionable designs, and the popularity of environmental protection concepts.
According to CRI analysis, although the Chinese government has reduced the number of subsidies for consumers to purchase electric vehicles since 2019, for consumers, buying electric vehicles is still more favorable than fuel vehicles. For example, the application fee for a petrol vehicle license in Shanghai, China’s largest city, is more than 100,000 yuan (approximately US$15,000), while the purchase of an electric vehicle can get a license for free. Therefore, more and more Chinese consumers are buying electric vehicles. On December 30, 2019, the completion of Tesla Giga Shanghai in Shanghai, China further marked that China’s electric vehicle market has become a hot spot for competition between global traditional auto companies and emerging auto companies.
According to CRI analysis, there are certain differences between the electric vehicle industry chain and fuel vehicles. On the one hand, there are differences in auto parts, and the electric vehicle industry chain includes power lithium batteries, charging stations and other industrial chain links that are not needed by the traditional auto industry. For traditional car manufacturers, parts manufacturers, and car dealers, if they want to enter the electric car market, they need to conduct comprehensive market research and product design.
CRI predicts that from 2021 to 2025, global sales of fuel vehicles will continue to show a downward trend, while global annual sales of electric vehicles will maintain a CAGR of at least 20%. By 2025, global annual sales of electric vehicles will reach more than 10 million.

Topics covered:
-The impact of COVID-19 on the Global Electric Vehicle Industry
-Global and China’s electric vehicle industry development environment
-Global and Chinese electric vehicle production and sales 2012-2020
-Analysis of global and Chinese electric vehicle industry chain
-Major companies in the global and Chinese electric vehicle market
-Traditional auto companies, such as Toyota, Volkswagen Group, General Motors, BYD, etc.
-Emerging electric vehicle companies, such as Tesla, NIO, XPEV, etc.
-2021-2025 global electric vehicle market driving force and market opportunities
-Global Electric Vehicle Market Outlook 2021-2025

The post Research Report on Electric Vehicle Industry in Globe and China, 2021-2025 first appeared on CRI Report.

Topics covered:
– Development environment for electric vehicles
– Industry chain of electric vehicles
– The Chinese government’s supportive policies on the electric vehicle industry
– Annual and monthly production and sales volumes of electric vehicles in China
– Status of China’s charging pile industry
– Status of China’s li-ion power battery industry
– Major electric vehicle manufacturers in China
– Competition on China’s electric vehicle market
– Driving forces and market opportunities for the development of the electric vehicle industry
– Threats and challenges to the development of the electric vehicle industry
– Forecast on the supply of and demand for electric vehicles on global and Chinese markets from 2019 to 2023

The post Research Report on Global and China’s Electric Vehicle Industries, 2019-2023 first appeared on CRI Report.

As a kind of new energy automobiles, electric vehicles refer to automobiles in which power-driven motors completely or partly serve as the power system. In response to the increasingly prominent carbon emission and environmental pollution, the world’s major automobile producers speed up their plans to promote technology R&D and industrialization with the national strategy of developing new energy automobiles. Energy conservation and new energy automobiles become the development orientation of the international automobile industry. In the next 10 years, it will be an important strategic opportunity period for the transformation and upgrading of the global automobile industry.

Compared with the traditional automobile industry chain, electric vehicles break the industry chain persistently consists of suppliers, automobile plants, sales and after-sales services. There are more suppliers in the upstream electric vehicle industry chain, which includes suppliers of battery, motor and other electrical accessories. Meanwhile, the monopoly position of automobile plants is challenged in the automobile industry chain, and some automobile design companies and battery suppliers, with the opportunities of the electric vehicles upgrade to new automobile plants. In addition, automobile services in the downstream industry chain have the new energy services, involving the participation of the constructors of charging facilities, charging stations and charging piles. Accordingly, the arrival of electric vehicles brings great changes to components of the traditional automobile industry chain. With the emerging new participators, the traditional automobile industry chain is no longer appropriate for the electric vehicle industry.

Different from the traditional automobile industry, the electric vehicle technology core is no longer entirely mastered by automobile plants. The core technology increasingly lies in new material industry, electronics and software development, etc.

Presently, China’s production and sales size ranks the first in the world, which is expected to increase in the coming period. In Jul. 2012, the State Council of PRC issued The Planning for the Development of the Energy-Saving and New Energy Automobile Industry (2012-2020), which pointed out that the development orientation of new energy automobiles was the industrialization of battery electric vehicles.

In 2015, the global sales volume of electric vehicles exceeded 549,000 with an increase of 72.64% YOY. Chinese electric vehicle market has a good performance under the support of policies. In 2015, the production volume of electric vehicles reached 340,000 with an increase of 330% YOY in China. Up to the end of 2015, the reserve of electric vehicles reached 583,200 in China with an increase of 386% YOY.

In China, most industry insiders think that combined with the facts in Chinese market, the development of hybrid technology is the latest and most reliable new energy solutions compared with battery electric vehicles. Industry insiders hold that from a technical perspective, plug-in hybrid vehicles for passengers are more suitable for Chinese market. In terms of technology, hybrid automobiles share many advantages with electric vehicles and avoid some development bottlenecks of battery electric vehicles. Hybrid automobiles are good at saving energy, reducing emission and declining the cost.

From 2014 on, Chinese government spared no efforts to promote the plug-in hybrid vehicles as the key products. The supplement standard is based on the capacity of the power batteries.  Whether the hybrid vehicles or battery electric vehicles are also identified and subsidized in accordance with the capacity of batteries. The most important measures to encourage the development of electric vehicles lie in the direct subsidies for electric vehicle buyers. For example, the electric vehicle buyers can avoid a certain proportion of vehicle purchase tax and annual registration tax. In China, local governments also issued related financial subsidies. For example, from 2013 on, Shanghai municipal government presented Shanghai license plates to eligible electric vehicle buyers (The license plate is worth CNY 80,000 or more), which promoted the sharp increase of the sales volume. In May 2015, Beijing municipal government announced that battery electric vehicles were not affected by traffic restrictions based on even-numbered and odd-numbered license plates. Therefore, the demand for battery electric vehicles enjoys a remarkable increase.

In 2013, there were no Chinese automobile manufacturers whose sales volume of electric vehicles exceeded 5,000. In 2014, there emerged five automobile manufacturers including Kandi, BYD, ZOTYE, BAIC Motor and Yutong. The annual sales volume of Kandi and BYD surpassed 10,000, and that of ZOTYE was close to 10,000. In 2015, seven Chinese automobile manufacturers ranked Top 20 sales volume of global electric vehicles. According to the ranking order, they are respectively BYD, Kandi, ZOTYE, BAIC Motor, Chery, Roeve of SAIC and JAC Motors. In 2015, their annual sales volume of Electric Vehicles surpassed 10,000. The annual sales volume of BYD exceeded 50,000, and that of Kandi and ZOTYE was over 20,000.

China’s new energy automobile industry is fast-growing. However, the downstream charging piles are seriously insufficient, which becomes the bottleneck of the fast-growing new energy automobiles. Up to the end of 2014, the quantity of electric vehicles is four times that of charging piles. And there is still a huge gap compared to Chinese government’s target that the electric vehicles share the same quantity with charging piles. According to The Guidelines for the Development of Electric Vehicle Charging Infrastructure (2015-2020) published by National Development and Reform Commission, there will be 12,000 new charging stations and 4.8 million charging piles to satisfy the requirements of 5 million new energy automobiles in China from 2016 to 2020. Therefore, the huge potentials of the charging pile market size should attract the investors’ attention.

On the whole, China’s electric vehicle industry will be fast-growing in 2016-2020. In a long period, China’s demand for automobiles will continue to grow, which makes the energy shortage and environmental pollution more prominent. Thus, to speed up the development of electric vehicles is an inevitable choice for China to relieve pressure on energy and environment.

Through this report, the readers shall acquire the following information:

– Support Policies Concerning Electric Vehicle Industry Released by Chinese Government

– Production Status of Electric Vehicles in China

– Market Demand for Electric Vehicles in China

– Driving Factors of Electric Vehicles in China

– Major Electric Vehicle Manufacturers in China

– Prediction on Electric Vehicle Industry in China

The Following Enterprises and People Are Recommended to Purchase This Report:

– Automobile Manufacturers

– Related Enterprises of Electric Vehicle Industry Chain

-Investors and Research Institutes Concerned about Electric Vehicle Industry

The post Research Report on Electric Vehicle Industry in China, 2011-2020 first appeared on CRI Report.