Global Electric Vehicle Market Forecast 2022-2026
KEY FINDINGS
The global electric vehicle market is anticipated to reach a number of 17,957 thousand units by 2026, growing with a 19.80% CAGR during the forecast period 2022-2026. Beneficial subsidies, stringent government regulations on vehicle emissions, and policies for electronic vehicles drive market growth globally.
MARKET INSIGHTS
Electric vehicles are propelled by electric motors in contrast to internal combustion engines, powered by burning gases and fuel. As a result, electric vehicles are considered a potential replacement for the present generation of vehicles to address natural resource depletion, global warming, rising pollution, etc.
Furthermore, governments worldwide are implementing subsidies and policies to promote EV sales. There are numerous advantages to buyers, including low registration fees, decreased prices, etc. Some governments, depending on policies, also exempt roads, imports, purchases, etc. Additionally, governments are investing in infrastructure and other favorable policies to boost the global electric vehicle market.
REGIONAL INSIGHTS
The electric vehicle market growth analysis includes an assessment of Europe, North America, Asia-Pacific, and Rest of World. Asia-Pacific is anticipated to capture the highest revenue share during the forecast years owing to government incentives and investments by major market players.
COMPETITIVE INSIGHTS
The competitive rivalry is expected to remain moderate over the forecast period in the global electric vehicle market. The growing opportunities, government interest, and industry fragmentation facilitate moderate market competition among the key market players.
Some of the leading market players operating in the market include Tesla Inc, Volkswagen AG, Toyota Motor Corporation, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Beneficial Government Subsidies And Policies
- 3.1.2. Stringent Government Regulations On Vehicles Emissions
- 3.2. Key Restraints
- 3.2.1. Insufficient Charging Infrastructure
- 3.2.2. Potential Grid Overload
- 4. Key Analytics
- 4.1. Impact Of Covid-19 On Electric Vehicle Market
- 4.2. Key Market Trends
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Opportunity Matrix
- 4.5. Vendor Landscape
- 4.6. Value Chain Analysis
- 4.7. Key Buying Criteria
- 4.8. Regulatory Framework
- 5. Market By Propulsion Type
- 5.1. Battery Electric Vehicles
- 5.2. Plug-in Hybrid Vehicles
- 5.3. Fuel Cell Electric Vehicles
- 6. Market By End-use
- 6.1. Passenger Vehicles
- 6.2. Commercial Vehicles
- 6.2.1. Light Commercial Vehicles
- 6.2.2. Heavy Commercial Vehicles
- 7. Geographical Analysis
- 7.1. North America
- 7.1.1. Market Size & Estimates
- 7.1.2. Key Growth Enablers
- 7.1.3. Key Challenges
- 7.1.4. Key Players
- 7.1.5. Country Analysis
- 7.1.5.1. United States
- 7.1.5.2. Canada
- 7.2. Europe
- 7.2.1. Market Size & Estimates
- 7.2.2. Key Growth Enablers
- 7.2.3. Key Challenges
- 7.2.4. Key Players
- 7.2.5. Country Analysis
- 7.2.5.1. United Kingdom
- 7.2.5.2. Germany
- 7.2.5.3. France
- 7.2.5.4. Italy
- 7.2.5.5. Netherlands
- 7.2.5.6. Spain
- 7.2.5.7. Norway
- 7.2.5.8. Sweden
- 7.2.5.9. Rest Of Europe
- 7.3. Asia-pacific
- 7.3.1. Market Size & Estimates
- 7.3.2. Key Growth Enablers
- 7.3.3. Key Challenges
- 7.3.4. Key Players
- 7.3.5. Country Analysis
- 7.3.5.1. China
- 7.3.5.2. Japan
- 7.3.5.3. India
- 7.3.5.4. South Korea
- 7.3.5.5. Australia & New Zealand
- 7.3.5.6. Rest Of Asia-pacific
- 7.4. Rest Of World
- 7.4.1. Market Size & Estimates
- 7.4.2. Key Growth Enablers
- 7.4.3. Key Challenges
- 7.4.4. Key Players
- 7.4.5. Regional Analysis
- 7.4.5.1. Latin America
- 7.4.5.2. Middle East & Africa
- 8. Competitive Landscape
- 8.1. Key Strategic Developments
- 8.1.1. Product Launches & Developments
- 8.1.2. Partnerships & Agreements
- 8.1.3. Business Expansions & Divestitures
- 8.2. Company Profiles
- 8.2.1. Bmw Group
- 8.2.2. Byd Co Ltd
- 8.2.3. Ford Motor Company
- 8.2.4. General Motors Company
- 8.2.5. Li Auto
- 8.2.6. Nio
- 8.2.7. Stellantis Nv
- 8.2.8. Tesla Inc
- 8.2.9. Toyota Motor Corporation
- 8.2.10. Volkswagen Ag
- 8.2.11. Xpeng
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