Global New Energy Vehicles Market Growth 2025-2031

Global New Energy Vehicles Market Growth 2025-2031

The global New Energy Vehicles market size is predicted to grow from US$ 74160 million in 2025 to US$ 194450 million in 2031; it is expected to grow at a CAGR of 17.4% from 2025 to 2031.

New Energy Vehicles 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.

Global New Energy Vehicles key players include TOYOTA, Tesla, BYD, etc. Global top three manufacturers hold a share about 75%.

Japan is the largest market, with a share over 70%, followed by USA and China both have a share over 20 percent.

In terms of product, HEV is the largest segment, with a share over 70%. And in terms of application, the largest application is Passenger Vehicle, followed by Commercial Vehicle.

LP Information, Inc. (LPI) ' newest research report, the “New Energy Vehicles Industry Forecast” looks at past sales and reviews total world New Energy Vehicles sales in 2024, providing a comprehensive analysis by region and market sector of projected New Energy Vehicles sales for 2025 through 2031. With New Energy Vehicles sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world New Energy Vehicles industry.

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

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for New Energy 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 New Energy Vehicles.

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

Segmentation by Type:
HEV
PHEV
EV

Segmentation by Application:
Commercial Vehicle
Passenger Vehicle

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 analysing the company's coverage, product portfolio, its market penetration.
TOYOTA
Nissan
Tesla
Mitsubishi
GM
Ford
BMW
Renault
Volvo
Mercedes-Benz
Volkswagen
Honda
FIAT
BYD
Chery
ZOTYE
Yutong
BAIC
King-long
Zhong Tong
Geely
SAIC
JAC

Key Questions Addressed in this Report

What is the 10-year outlook for the global New Energy Vehicles market?

What factors are driving New Energy Vehicles market growth, globally and by region?

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

How do New Energy Vehicles market opportunities vary by end market size?

How does New Energy Vehicles break out by Type, by Application?

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