Electric Vehicle Market by Type (Battery Electric Vehicle, Hybrid Electric Vehicle, and Plug-in Hybrid Electric Vehicle), and Vehicle Type (Passenger Car, Commercial Vehicle, and Two-Wheeler) - Global Opportunity Analysis and Industry Forecast, 2018-2025
- Published Date: 2020-10-18
- Report ID: 3119
- Pages: 202
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Format:
The global electric vehicle market was valued at $118,864.5 million in 2017, and is projected to reach $567,299.8 million by 2025, growing at a CAGR of 22.3% from 2018 to 2025.
An electric vehicle operates on electricity, unlike its counterpart that runs on fuel. Instead of internal combustion engine, these vehicles run on an electric motor that requires constant supply of energy from batteries.
Electric vehicle uses stored energy in its rechargeable batteries to function. The adoption of plug-in electric vehicles in the U.S. is actively supported by the American Federal Government, and several state and local government. According to USA Today 2018, the U.S. government has pledged $2.4 billion in federal grants to support the development of next-generation electric cars and batteries, and $115 million for the installation of electric vehicle charging infrastructure in 16 different metropolitan areas around the country.
The global electric vehicle market is driven by volumetric surge in the automotive sector and the introduction of new technologies. In addition, the requirement of efficient vehicles with zero carbon emission and reduced Li-ion battery cost, drive the demand for this electric vehicle market. Moreover, increase in the requirement for fuel efficient vehicles and rise in prices of gasoline globally have led to surge in the development and production of electric vehicles. Stringent government rules and regulations towards vehicle emission, and growth of public charging infrastructure, are further driving the market growth. However, high manufacturing cost of vehicle, and low fuel economy & serviceability are hampering the market growth. Technological advancements such as high fuel economy, and usage of composite materials in the manufacturing of vehicle, is expected to provide various opportunities for the growth of the market in future. Proactive government initiatives aimed at promoting the usage of electric vehicles are estimated to propel the growth of the market in future.
The market is segmented based on type, vehicle type, and geography. Based on type, it is divided into plug-in hybrid electric vehicles (PHEV), hybrid electric vehicles (HEV), and battery electric vehicles (BEV). By vehicle type, it is classified into two-wheeler, passenger car, and commercial vehicle. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players in the global electric vehicle market are Tesla, BMW Group, Nissan Motor Corporation, Toyota Motor Corporation, Volkswagen AG, General Motors, Daimler AG, Energica Motor Company S.p.A., BYD company Motors, and Ford Motor Company.
KEY BENEFITS
The report includes an extensive analysis of the factors that drive and restrain the growth of the global electric vehicle market.
The market projections from 2017 to 2025 are included along with the affecting factors.
Quantitative & qualitative trends to assist the stakeholders to understand the situations that prevail in the market are provided.
Competitive intelligence highlights the business practices followed by the leading market players across various geographies.
KEY MARKET SEGMENTS
BY TYPE
Battery Electric Vehicle
Hybrid Electric Vehicle
Plug-in Hybrid Electric Vehicle
BY VEHICLE TYPE
Two-wheeler
Passenger Car
Commercial Vehicle
BY GEOGRAPHY
North America
U.S.
Canada
Mexico
Europe
UK
France
Germany
Netherlands
Norway
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
MARKET PLAYERS IN VALUE CHAIN
Bayerische Motoren Werke Aktiengesellchaft
BYD Company Limited
Daimler AG
Energica Motor Company S.p.A.
Ford Motor Company
General Motor Company
Nissan Motor Co. Ltd
Tesla, Inc.
Toyota Motor Corporation
Volkswagen AG
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.3. Porters five forces analysis
3.3.1. Moderate-to-high bargaining power of suppliers
3.3.2. Moderate-to-high threat of new entrants
3.3.3. Moderate threat of substitutes
3.3.4. High-to-moderate intensity of rivalry
3.3.5. Moderate bargaining power of buyers
3.4. Market share analysis (2017)
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Increase in demand for fuel-efficient, high-performance, and low-emission vehicles
3.5.1.2. Stringent government rules and regulations towards vehicle emission
3.5.2. Restraints
3.5.2.1. High manufacturing cost
3.5.2.2. Low fuel economy and serviceability
3.5.3. Opportunities
3.5.3.1. Technological advancements
3.5.3.2. Proactive government initiatives
CHAPTER 4: ELECTRIC VEHICLE MARKET, BY TYPE
4.1. Overview
4.2. Battery Electric Vehicle
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by country
4.3. Hybrid Electric Vehicle
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country
4.4. Plug-in Hybrid Electric Vehicle
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis by country
CHAPTER 5: ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE
5.1. Overview
5.2. Two-Wheeler
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country
5.3. Passenger Car
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis by country
5.4. Commercial Vehicles
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis by country
CHAPTER 6: ELECTRIC VEHICLE MARKET, BY REGION
6.1. Overview
6.2. North America
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by type
6.2.3. Market size and forecast, by vehicle type
6.2.4. Market analysis by country
6.2.5. U.S.
6.2.5.1. Market size and forecast, by type
6.2.5.2. Market size and forecast, by vehicle type
6.2.6. Canada
6.2.6.1. Market size and forecast, by type
6.2.6.2. Market size and forecast, by vehicle type
6.2.7. Mexico
6.2.7.1. Market size and forecast, by type
6.2.7.2. Market size and forecast, by vehicle type
6.3. Europe
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by type
6.3.3. Market size and forecast, by vehicle type
6.3.4. Market analysis by country
6.3.5. U.K.
6.3.5.1. Market size and forecast, by type
6.3.5.2. Market size and forecast, by vehicle type
6.3.6. France
6.3.6.1. Market size and forecast, by type
6.3.6.2. Market size and forecast, by vehicle type
6.3.7. Germany
6.3.7.1. Market size and forecast, by type
6.3.7.2. Market size and forecast, by vehicle type
6.3.8. Netherlands
6.3.8.1. Market size and forecast, by type
6.3.8.2. Market size and forecast, by vehicle type
6.3.9. Norway
6.3.9.1. Market size and forecast, by type
6.3.9.2. Market size and forecast, by vehicle type
6.3.10. Rest of Europe
6.3.10.1. Market size and forecast, by type
6.3.10.2. Market size and forecast, by vehicle type
6.4. Asia-Pacific
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by type
6.4.3. Market size and forecast, by vehicle type
6.4.4. Market analysis by country
6.4.5. China
6.4.5.1. Market size and forecast, by type
6.4.5.2. Market size and forecast, by vehicle type
6.4.6. India
6.4.6.1. Market size and forecast, by type
6.4.6.2. Market size and forecast, by vehicle type
6.4.7. Japan
6.4.7.1. Market size and forecast, by type
6.4.7.2. Market size and forecast, by vehicle type
6.4.8. South Korea
6.4.8.1. Market size and forecast, by type
6.4.8.2. Market size and forecast, by vehicle type
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market size and forecast, by type
6.4.9.2. Market size and forecast, by vehicle type
6.5. LAMEA
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by type
6.5.3. Market size and forecast, by vehicle type
6.5.4. Market analysis by country
6.5.5. Latin America
6.5.5.1. Market size and forecast, by type
6.5.5.2. Market size and forecast, by vehicle type
6.5.6. Middle East
6.5.6.1. Market size and forecast, by type
6.5.6.2. Market size and forecast, by vehicle type
6.5.7. Africa
6.5.7.1. Market size and forecast, by type
6.5.7.2. Market size and forecast, by vehicle type
CHAPTER 7: COMPANY PROFILES
7.1. Bayerische Motoren Werke Aktiengesellschaft
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.1.6. Key strategic moves and developments
7.2. BYD Company Limited
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Business performance
7.2.6. Key strategic moves and developments
7.3. Daimler AG
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Business performance
7.3.6. Key strategic moves and developments
7.4. Energica Motor Company S. p. A
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Product portfolio
7.4.4. Business performance
7.4.5. Key strategic moves and developments
7.5. Ford Motor Company
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance
7.5.6. Key strategic moves and developments
7.6. General Motors Company
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Business performance
7.6.6. Key strategic moves and developments
7.7. Nissan Motor Co., Ltd.
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Business performance
7.7.6. Key strategic moves and developments
7.8. Tesla, Inc.
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Business performance
7.8.6. Key strategic moves and developments
7.9. Toyota Motor Corporation
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.9.5. Business performance
7.9.6. Key strategic moves and developments
7.10. Volkswagen AG
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio
7.10.5. Business performance
7.10.6. Key strategic moves and developments
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