Global Electric Vehicle Market Growth 2023-2029

Global Electric Vehicle Market Growth 2023-2029

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.

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

This Insight Report provides a comprehensive analysis of the global Electric Vehicle 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 Electric Vehicle portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electric Vehicle market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Vehicle 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 Electric Vehicle.

The global Electric Vehicle market size is projected to grow from US$ 89830 million in 2022 to US$ 253510 million in 2029; it is expected to grow at a CAGR of 253510 from 2023 to 2029.

The leading manufactures mainly are Tesla, BYD, SAIC, BAIC, BMW, Hyundai & Kia, GEELY, Nissan, Volkswagen, Renault, JAC, TOYOTA , Mitsubishi, Chery, VOLVO, GAC Motor, Great Wall Motors, DongFeng Motor, etc. Tesla is the largest manufacturer, its revenue of global market exceeds 31%.

Geographically, the global Electric Vehicles (EVs) production market has been segmented into United States, Europe, China, Japan, others. The China held the largest share in the global market, its revenue of global market exceeds 42%. The next is Europe.

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

Market Segmentation:

Segmentation by type

PHEV

BEV

Segmentation by application

Home Use

Commercial Use

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.

Tesla

BYD

SAIC

BAIC

BMW

Hyundai & Kia

GEELY

Nissan

Volkswagen

Renault

JAC

TOYOTA

Mitsubishi

Chery

VOLVO

GAC Motor

Great Wall Motors

DongFeng Motor

Key Questions Addressed in this Report

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

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

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

How do Electric Vehicle market opportunities vary by end market size?

How does Electric Vehicle 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.