Global Electric Vehicle Market Size, Manufacturers, Opportunities and Forecast to 2030

Global Electric Vehicle Market Size, Manufacturers, Opportunities and Forecast to 2030


Summary

Electric Vehicle is one kind of new vehicle which utilizes the unconventional fuel as the power source integrating the advanced technology of the power control and drive section. The unconventional fuel generally is power. It mainly includes the PHEV and BEV.

According to APO Research, The global Electric Vehicle market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

North American market for Electric Vehicle is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Asia-Pacific market for Electric Vehicle is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Europe market for Electric Vehicle is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

The major global manufacturers of Electric Vehicle include Tesla, BYD, SAIC, BAIC, BMW, Hyundai & Kia, GEELY, Nissan and Volkswagen, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Electric Vehicle, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electric Vehicle.
The Electric Vehicle market size, estimations, and forecasts are provided in terms of sales volume (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electric Vehicle market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

Tesla
BYD
SAIC
BAIC
BMW
Hyundai & Kia
GEELY
Nissan
Volkswagen
Renault
JAC
TOYOTA
Mitsubishi
Chery
VOLVO
GAC Motor
Great Wall Motors
DongFeng Motor
Electric Vehicle segment by Type

PHEV
BEV
Electric Vehicle segment by Application

Home Use
Commercial Use
Electric Vehicle Segment by Region

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Electric Vehicle market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Electric Vehicle and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Electric Vehicle.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Electric Vehicle manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Electric Vehicle in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.


1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Electric Vehicle Market Size Estimates and Forecasts (2019-2030)
1.2.2 Global Electric Vehicle Sales Estimates and Forecasts (2019-2030)
1.3 Electric Vehicle Market by Type
1.3.1 PHEV
1.3.2 BEV
1.4 Global Electric Vehicle Market Size by Type
1.4.1 Global Electric Vehicle Market Size Overview by Type (2019-2030)
1.4.2 Global Electric Vehicle Historic Market Size Review by Type (2019-2024)
1.4.3 Global Electric Vehicle Forecasted Market Size by Type (2025-2030)
1.5 Key Regions Market Size by Type
1.5.1 North America Electric Vehicle Sales Breakdown by Type (2019-2024)
1.5.2 Europe Electric Vehicle Sales Breakdown by Type (2019-2024)
1.5.3 Asia-Pacific Electric Vehicle Sales Breakdown by Type (2019-2024)
1.5.4 Latin America Electric Vehicle Sales Breakdown by Type (2019-2024)
1.5.5 Middle East and Africa Electric Vehicle Sales Breakdown by Type (2019-2024)
2 Global Market Dynamics
2.1 Electric Vehicle Industry Trends
2.2 Electric Vehicle Industry Drivers
2.3 Electric Vehicle Industry Opportunities and Challenges
2.4 Electric Vehicle Industry Restraints
3 Market Competitive Landscape by Company
3.1 Global Top Players by Electric Vehicle Revenue (2019-2024)
3.2 Global Top Players by Electric Vehicle Sales (2019-2024)
3.3 Global Top Players by Electric Vehicle Price (2019-2024)
3.4 Global Electric Vehicle Industry Company Ranking, 2022 VS 2023 VS 2024
3.5 Global Electric Vehicle Key Company Manufacturing Sites & Headquarters
3.6 Global Electric Vehicle Company, Product Type & Application
3.7 Global Electric Vehicle Company Commercialization Time
3.8 Market Competitive Analysis
3.8.1 Global Electric Vehicle Market CR5 and HHI
3.8.2 Global Top 5 and 10 Electric Vehicle Players Market Share by Revenue in 2023
3.8.3 2023 Electric Vehicle Tier 1, Tier 2, and Tier 3
4 Electric Vehicle Regional Status and Outlook
4.1 Global Electric Vehicle Market Size and CAGR by Region: 2019 VS 2023 VS 2030
4.2 Global Electric Vehicle Historic Market Size by Region
4.2.1 Global Electric Vehicle Sales in Volume by Region (2019-2024)
4.2.2 Global Electric Vehicle Sales in Value by Region (2019-2024)
4.2.3 Global Electric Vehicle Sales (Volume & Value), Price and Gross Margin (2019-2024)
4.3 Global Electric Vehicle Forecasted Market Size by Region
4.3.1 Global Electric Vehicle Sales in Volume by Region (2025-2030)
4.3.2 Global Electric Vehicle Sales in Value by Region (2025-2030)
4.3.3 Global Electric Vehicle Sales (Volume & Value), Price and Gross Margin (2025-2030)
5 Electric Vehicle by Application
5.1 Electric Vehicle Market by Application
5.1.1 Home Use
5.1.2 Commercial Use
5.2 Global Electric Vehicle Market Size by Application
5.2.1 Global Electric Vehicle Market Size Overview by Application (2019-2030)
5.2.2 Global Electric Vehicle Historic Market Size Review by Application (2019-2024)
5.2.3 Global Electric Vehicle Forecasted Market Size by Application (2025-2030)
5.3 Key Regions Market Size by Application
5.3.1 North America Electric Vehicle Sales Breakdown by Application (2019-2024)
5.3.2 Europe Electric Vehicle Sales Breakdown by Application (2019-2024)
5.3.3 Asia-Pacific Electric Vehicle Sales Breakdown by Application (2019-2024)
5.3.4 Latin America Electric Vehicle Sales Breakdown by Application (2019-2024)
5.3.5 Middle East and Africa Electric Vehicle Sales Breakdown by Application (2019-2024)
6 Company Profiles
6.1 Tesla
6.1.1 Tesla Comapny Information
6.1.2 Tesla Business Overview
6.1.3 Tesla Electric Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.1.4 Tesla Electric Vehicle Product Portfolio
6.1.5 Tesla Recent Developments
6.2 BYD
6.2.1 BYD Comapny Information
6.2.2 BYD Business Overview
6.2.3 BYD Electric Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.2.4 BYD Electric Vehicle Product Portfolio
6.2.5 BYD Recent Developments
6.3 SAIC
6.3.1 SAIC Comapny Information
6.3.2 SAIC Business Overview
6.3.3 SAIC Electric Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.3.4 SAIC Electric Vehicle Product Portfolio
6.3.5 SAIC Recent Developments
6.4 BAIC
6.4.1 BAIC Comapny Information
6.4.2 BAIC Business Overview
6.4.3 BAIC Electric Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.4.4 BAIC Electric Vehicle Product Portfolio
6.4.5 BAIC Recent Developments
6.5 BMW
6.5.1 BMW Comapny Information
6.5.2 BMW Business Overview
6.5.3 BMW Electric Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.5.4 BMW Electric Vehicle Product Portfolio
6.5.5 BMW Recent Developments
6.6 Hyundai & Kia
6.6.1 Hyundai & Kia Comapny Information
6.6.2 Hyundai & Kia Business Overview
6.6.3 Hyundai & Kia Electric Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.6.4 Hyundai & Kia Electric Vehicle Product Portfolio
6.6.5 Hyundai & Kia Recent Developments
6.7 GEELY
6.7.1 GEELY Comapny Information
6.7.2 GEELY Business Overview
6.7.3 GEELY Electric Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.7.4 GEELY Electric Vehicle Product Portfolio
6.7.5 GEELY Recent Developments
6.8 Nissan
6.8.1 Nissan Comapny Information
6.8.2 Nissan Business Overview
6.8.3 Nissan Electric Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.8.4 Nissan Electric Vehicle Product Portfolio
6.8.5 Nissan Recent Developments
6.9 Volkswagen
6.9.1 Volkswagen Comapny Information
6.9.2 Volkswagen Business Overview
6.9.3 Volkswagen Electric Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.9.4 Volkswagen Electric Vehicle Product Portfolio
6.9.5 Volkswagen Recent Developments
6.10 Renault
6.10.1 Renault Comapny Information
6.10.2 Renault Business Overview
6.10.3 Renault Electric Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.10.4 Renault Electric Vehicle Product Portfolio
6.10.5 Renault Recent Developments
6.11 JAC
6.11.1 JAC Comapny Information
6.11.2 JAC Business Overview
6.11.3 JAC Electric Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.11.4 JAC Electric Vehicle Product Portfolio
6.11.5 JAC Recent Developments
6.12 TOYOTA
6.12.1 TOYOTA Comapny Information
6.12.2 TOYOTA Business Overview
6.12.3 TOYOTA Electric Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.12.4 TOYOTA Electric Vehicle Product Portfolio
6.12.5 TOYOTA Recent Developments
6.13 Mitsubishi
6.13.1 Mitsubishi Comapny Information
6.13.2 Mitsubishi Business Overview
6.13.3 Mitsubishi Electric Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.13.4 Mitsubishi Electric Vehicle Product Portfolio
6.13.5 Mitsubishi Recent Developments
6.14 Chery
6.14.1 Chery Comapny Information
6.14.2 Chery Business Overview
6.14.3 Chery Electric Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.14.4 Chery Electric Vehicle Product Portfolio
6.14.5 Chery Recent Developments
6.15 VOLVO
6.15.1 VOLVO Comapny Information
6.15.2 VOLVO Business Overview
6.15.3 VOLVO Electric Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.15.4 VOLVO Electric Vehicle Product Portfolio
6.15.5 VOLVO Recent Developments
6.16 GAC Motor
6.16.1 GAC Motor Comapny Information
6.16.2 GAC Motor Business Overview
6.16.3 GAC Motor Electric Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.16.4 GAC Motor Electric Vehicle Product Portfolio
6.16.5 GAC Motor Recent Developments
6.17 Great Wall Motors
6.17.1 Great Wall Motors Comapny Information
6.17.2 Great Wall Motors Business Overview
6.17.3 Great Wall Motors Electric Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.17.4 Great Wall Motors Electric Vehicle Product Portfolio
6.17.5 Great Wall Motors Recent Developments
6.18 DongFeng Motor
6.18.1 DongFeng Motor Comapny Information
6.18.2 DongFeng Motor Business Overview
6.18.3 DongFeng Motor Electric Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.18.4 DongFeng Motor Electric Vehicle Product Portfolio
6.18.5 DongFeng Motor Recent Developments
7 North America by Country
7.1 North America Electric Vehicle Sales by Country
7.1.1 North America Electric Vehicle Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.1.2 North America Electric Vehicle Sales by Country (2019-2024)
7.1.3 North America Electric Vehicle Sales Forecast by Country (2025-2030)
7.2 North America Electric Vehicle Market Size by Country
7.2.1 North America Electric Vehicle Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.2.2 North America Electric Vehicle Market Size by Country (2019-2024)
7.2.3 North America Electric Vehicle Market Size Forecast by Country (2025-2030)
8 Europe by Country
8.1 Europe Electric Vehicle Sales by Country
8.1.1 Europe Electric Vehicle Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.1.2 Europe Electric Vehicle Sales by Country (2019-2024)
8.1.3 Europe Electric Vehicle Sales Forecast by Country (2025-2030)
8.2 Europe Electric Vehicle Market Size by Country
8.2.1 Europe Electric Vehicle Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.2.2 Europe Electric Vehicle Market Size by Country (2019-2024)
8.2.3 Europe Electric Vehicle Market Size Forecast by Country (2025-2030)
9 Asia-Pacific by Country
9.1 Asia-Pacific Electric Vehicle Sales by Country
9.1.1 Asia-Pacific Electric Vehicle Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.1.2 Asia-Pacific Electric Vehicle Sales by Country (2019-2024)
9.1.3 Asia-Pacific Electric Vehicle Sales Forecast by Country (2025-2030)
9.2 Asia-Pacific Electric Vehicle Market Size by Country
9.2.1 Asia-Pacific Electric Vehicle Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.2.2 Asia-Pacific Electric Vehicle Market Size by Country (2019-2024)
9.2.3 Asia-Pacific Electric Vehicle Market Size Forecast by Country (2025-2030)
10 Latin America by Country
10.1 Latin America Electric Vehicle Sales by Country
10.1.1 Latin America Electric Vehicle Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.1.2 Latin America Electric Vehicle Sales by Country (2019-2024)
10.1.3 Latin America Electric Vehicle Sales Forecast by Country (2025-2030)
10.2 Latin America Electric Vehicle Market Size by Country
10.2.1 Latin America Electric Vehicle Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.2.2 Latin America Electric Vehicle Market Size by Country (2019-2024)
10.2.3 Latin America Electric Vehicle Market Size Forecast by Country (2025-2030)
11 Middle East and Africa by Country
11.1 Middle East and Africa Electric Vehicle Sales by Country
11.1.1 Middle East and Africa Electric Vehicle Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.1.2 Middle East and Africa Electric Vehicle Sales by Country (2019-2024)
11.1.3 Middle East and Africa Electric Vehicle Sales Forecast by Country (2025-2030)
11.2 Middle East and Africa Electric Vehicle Market Size by Country
11.2.1 Middle East and Africa Electric Vehicle Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.2.2 Middle East and Africa Electric Vehicle Market Size by Country (2019-2024)
11.2.3 Middle East and Africa Electric Vehicle Market Size Forecast by Country (2025-2030)
12 Value Chain and Sales Channels Analysis
12.1 Electric Vehicle Value Chain Analysis
12.1.1 Electric Vehicle Key Raw Materials
12.1.2 Key Raw Materials Price
12.1.3 Raw Materials Key Suppliers
12.1.4 Manufacturing Cost Structure
12.1.5 Electric Vehicle Production Mode & Process
12.2 Electric Vehicle Sales Channels Analysis
12.2.1 Direct Comparison with Distribution Share
12.2.2 Electric Vehicle Distributors
12.2.3 Electric Vehicle Customers
13 Concluding Insights
14 Appendix
14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
14.5.1 Secondary Sources
14.5.2 Primary Sources
14.6 Disclaimer

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings