Global Electric Vehicles - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2016 - 2029
The Global Electric Vehicles Market size is estimated at USD 0.67 trillion in 2024, and is expected to reach USD 1.39 trillion by 2029, growing at a CAGR of 15.71% during the forecast period (2024-2029).
Key Highlights
- Largest Segment by Fuel Type - BEV : Technological enhancements, and charging infrastructure devlopment, stringent norms, incentives are making BEV the largest fuel type in global electric vehicle market.
- Fastest-growing Segment by Fuel Type - FCEV : FCEV is the fastest-growing fuel type due to its zero emissions, increased economy, and quicker refueling times compared to other electric vehicles.
- Largest Segment by Vehicle Type - Commercial Vehicles : Due to various governments' increasing sensitivity to a cleaner environment, there is expected to be an increase in demand for zero-emission vehicles during the projected period.
- Fastest-growing Segment by Region - Africa : The Asia-Pacific region is predicted to have the quickest growth, with countries like China, and India leading the way in terms of innovation, technology, and the development of cutting-edge EVs.
Electric Vehicle Industry Overview
The Global Electric Vehicles Market is fairly consolidated, with the top five companies occupying 71.50%. The major players in this market are BYD Motors Inc., General Motors Company, Groupe Renault, Tesla Inc. and Volkswagen AG (sorted alphabetically).
Additional Benefits:
- The market estimate (ME) sheet in Excel format
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- 1 EXECUTIVE SUMMARY & KEY FINDINGS
- 2 REPORT OFFERS
- 3 INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
- 4 KEY INDUSTRY TRENDS
- 4.1 Population
- 4.2 GDP
- 4.3 CVP
- 4.4 Inflation Rate
- 4.5 Interest Rate For Auto Loans
- 4.6 Battery Price (per Kwh)
- 4.7 Logistics Performance Index
- 4.8 Electrification Impact
- 4.9 New XEV Models Announced
- 4.10 Charging Stations Deployment
- 4.11 Regulatory Framework
- 4.12 Value Chain & Distribution Channel Analysis
- 5 MARKET SEGMENTATION
- 5.1 Vehicle Type
- 5.1.1 Commercial Vehicles
- 5.1.1.1 Buses
- 5.1.1.2 Heavy-duty Commercial Trucks
- 5.1.1.3 Light Commercial Pick-up Trucks
- 5.1.1.4 Light Commercial Vans
- 5.1.1.5 Medium-duty Commercial Trucks
- 5.2 Fuel Type
- 5.2.1 BEV
- 5.2.2 FCEV
- 5.2.3 HEV
- 5.2.4 PHEV
- 5.3 Region
- 5.3.1 Africa
- 5.3.1.1 South Africa
- 5.3.2 Asia-Pacific
- 5.3.2.1 Australia
- 5.3.2.2 China
- 5.3.2.3 India
- 5.3.2.4 Indonesia
- 5.3.2.5 Japan
- 5.3.2.6 Malaysia
- 5.3.2.7 South Korea
- 5.3.2.8 Thailand
- 5.3.2.9 Rest-of-APAC
- 5.3.3 Europe
- 5.3.3.1 Austria
- 5.3.3.2 Belgium
- 5.3.3.3 Czech Republic
- 5.3.3.4 Denmark
- 5.3.3.5 Estonia
- 5.3.3.6 France
- 5.3.3.7 Germany
- 5.3.3.8 Ireland
- 5.3.3.9 Italy
- 5.3.3.10 Latvia
- 5.3.3.11 Lithuania
- 5.3.3.12 Norway
- 5.3.3.13 Poland
- 5.3.3.14 Russia
- 5.3.3.15 Spain
- 5.3.3.16 Sweden
- 5.3.3.17 UK
- 5.3.3.18 Rest-of-Europe
- 5.3.4 Middle East
- 5.3.4.1 UAE
- 5.3.4.2 Rest-of-MEA
- 5.3.5 Miidle East
- 5.3.6 North America
- 5.3.6.1 Canada
- 5.3.6.2 Mexico
- 5.3.6.3 US
- 5.3.6.4 Rest-of-North America
- 5.3.7 South America
- 5.3.7.1 Rest-of-Latin America
- 6 COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
- 6.4 Company Profiles
- 6.4.1 BYD Motors Inc.
- 6.4.2 Daimler AG
- 6.4.3 Ford Motor Company
- 6.4.4 General Motors Company
- 6.4.5 Groupe Renault
- 6.4.6 Nissan Motor Company Ltd
- 6.4.7 Tesla Inc.
- 6.4.8 Toyota motor corporation
- 6.4.9 Volkswagen AG
- 7 KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS
- 8 APPENDIX
- 8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter's Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
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