Electric Car Market 2025-2029
The electric car market is forecasted to grow by USD 2898.1 bn during 2024-2029, accelerating at a CAGR of 38.5% during the forecast period. The report on the electric car market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand and sales of bevs in global market, reducing prices of lithium-ion batteries, and growing government regulations, incentives, and subsidies on evs.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's electric car market is segmented as below:
By Vehicle Type
By Type
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the increase in number of new electric car launches across globe as one of the prime reasons driving the electric car market growth during the next few years. Also, all-electric cars serve as platform for fully autonomous vehicles and emergence of wireless charging systems for evs will lead to sizable demand in the market.
The report on the electric car market covers the following areas:
- Electric Car Market sizing
- Electric Car Market forecast
- Electric Car Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric car market vendors that include BAIC Motor Co. Ltd., BMW AG, BYD Co. Ltd., Chery Automobile Co. Ltd., FCA Italy S.p.A, Ford Motor Co., Geely Auto Group, General Motors Co., KIA CORP., Mahindra and Mahindra Ltd., Mercedes Benz Group AG, NIO Ltd., Nissan Motor Co. Ltd., Renault SAS, SAIC Motor Corp. Ltd., Tata Motors Ltd., Tesla Inc., Toyota Motor Corp., and Volkswagen Group. Also, the electric car market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.