Electric Vehicles Market Analysis & Forecast by Product Type, End-Use Type, and Region 2021 To 2031

Electric Vehicles Market Analysis & Forecast by Product Type, End-Use Type, and Region 2021 To 2031

Summary

The EV market volume sales was 24.8 million units in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 10.9% over the forecast period. The EV market report provides an executive-level overview of the current market worldwide, with detailed forecasts of key indicators up to 2031.

This market intelligence report offers a thorough, forward-looking analysis of the global Electric Vehicles market, product type, end-use type, and regions in a concise format to help executives build proactive and profitable growth strategies.

The electric vehicles market recorded a volume sales of 24.8 million units in 2023 and is expected to grow at a CAGR of 10.9% during the forecast period (2022-2030). An electric vehicle is a vehicle that uses an electric motor for propulsion instead of a combustion engine. The EV industry is undergoing rapid growth and innovation, driven by technological advancements, government policies, and consumer demand. With continued investment in infrastructure and technology, the EV industry is poised to play a significant role in the transition to a more sustainable transportation future.

Scope

• This report provides overview and addressable market for electric vehicles.
• It identifies the key drivers and challenges impacting growth of the market over the next 12 to 24 months.
• It includes global market forecasts for the electric vehicles industry and analysis of M&A, venture financing, patent analytics, and social media activities.
• The detailed value chain consists of four main aspects: batteries, semiconductors, auto components, assembly and charging.

Reasons to Buy

• This market intelligence report offers a thorough, forward-looking analysis of the electric vehicles market and key opportunities in a concise format to help executives build proactive and profitable growth strategies.
• Accompanying GlobalData’s Forecast products, the report examines the assumptions and drivers behind ongoing and upcoming trends in global electric vehicle markets.
• The report also highlights key propulsion type segments (Battery electric vehicle (BEV), Fuel cell electric vehicle (FCEV), Full hybrid electric vehicle (FHEV), Plug-in hybrid electric vehicle (PHEV), Extended range electric vehicle (EREV), Mild hybrid electric vehicle (MHEV)), end user type segments (personal vehicles and commercial vehicles)
• With more than 50 charts and tables, the report is designed for an executive-level audience, boasting presentation quality.
• The report provides an easily digestible market assessment for decision-makers built around in-depth information gathered from local market players that enable executives to quickly get up to speed with the current and emerging trends in electric vehicle markets.
• The broad perspective of the report, coupled with comprehensive, actionable detail, will help electric vehicle vendors, service providers, and other players succeed in the growing electric vehicles market globally.