Global Battery Electric Vehicles Market Growth 2023-2029

Global Battery Electric Vehicles Market Growth 2023-2029

A battery electric vehicle (BEV), or all-electric vehicle is a type of electric vehicle (EV) that uses chemical energy stored in rechargeable battery packs. BEVs use electric motors and motor controllers instead of internal combustion engines (ICEs) for propulsion. They derive all power from battery packs and thus have no internal combustion engine, fuel cell, or fuel tank. BEVs include - but are not limited to - motorcycles, bicycles, scooters, skateboards, rail cars, watercraft, forklifts, buses, trucks, and cars.

LPI (LP Information)' newest research report, the “Battery Electric Vehicles Industry Forecast” looks at past sales and reviews total world Battery Electric Vehicles sales in 2022, providing a comprehensive analysis by region and market sector of projected Battery Electric Vehicles sales for 2023 through 2029. With Battery Electric Vehicles sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Battery Electric Vehicles industry.

This Insight Report provides a comprehensive analysis of the global Battery Electric Vehicles landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Battery Electric Vehicles portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Battery Electric Vehicles market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Battery Electric Vehicles and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Battery Electric Vehicles.

The global Battery Electric Vehicles market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

Growing Awareness about vehicle emission reduction, government support, technical advancement and low cost are main factors contributing to the growth of market. As one of the linchpins of the EV industry, battery technology has been the focus of sustained innovation. Initiatives to develop low- cost, fast charging battery technologies that support long range use looked set to yield promising results. The Asia-Pacific (APAC) region dominated the global electric vehicles battery market by value and accounted for a share of 76.5% in 2016. The APAC automotive electric vehicles battery market is majorly dominated by the South Asian countries comprising of some of the biggest automotive producers in the world.

This report presents a comprehensive overview, market shares, and growth opportunities of Battery Electric Vehicles market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Battery Electric Vehicle (BEV)
Plug-in Hybrid Electric Vehicle (PHEV)

Segmentation by application
Online Sales
Offline Sales

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
BMW
Daimler
General Motors
Mitsubishi Motors
Nissan Motor
Renault
Tesla Motors

Key Questions Addressed in this Report

What is the 10-year outlook for the global Battery Electric Vehicles market?

What factors are driving Battery Electric Vehicles market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Battery Electric Vehicles market opportunities vary by end market size?

How does Battery Electric Vehicles break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.