Global EV and PHEV Market Insights, Forecast to 2029

Global EV and PHEV Market Insights, Forecast to 2029

Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the EV and PHEV market was valued at US$ 299,974.2 million in 2022 and is projected to reach US$ 1,565,870.4 million by 2029, at a CAGR of 25.64% during the forecast period (2023-2029)

The US & Canada market for EV and PHEV is estimated to increase from $ 65,003.8 million in 2023 to reach $ 307,080.5 million by 2029, at a CAGR of 29.53% during the forecast period of 2023 through 2029.

The China market for EV and PHEV is estimated to increase from $ 204,590 million in 2023 to reach $ 605,351.7 million by 2029, at a CAGR of 19.82% during the forecast period of 2023 through 2029.

The Europe market for EV and PHEV is estimated to increase from $ 109,725.5 million in 2023 to reach $ 489,522.5 million by 2029, at a CAGR of 28.31% during the forecast period of 2023 through 2029.

The global key manufacturers of EV and PHEV include Tesla, BYD, Volkswagen, BMW, Mercedes-Benz, Stellantis, SAIC, VOLVO, and Hyundai & Kia, etc. In 2022, the global top five players had a share approximately 58.21% in terms of revenue.

In terms of production side, this report researches the EV and PHEV production, growth rate, market share by manufacturers and by region (region level and country level), from 2018 to 2023, and forecast to 2029.

In terms of consumption side, this report focuses on the sales of EV and PHEV by region (region level and country level), by company, by Type and by Application. from 2018 to 2023 and forecast to 2029.

Report Includes:

This report presents an overview of global market for EV and PHEV, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue/sales data for 2018 - 2022, estimates for 2023, and projections of CAGR through 2029.

This report researches the key producers of EV and PHEV, also provides the consumption of main regions and countries. Highlights of the upcoming market potential for EV and PHEV, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the EV and PHEV sales, revenue, market share and industry ranking of main manufacturers, data from 2018 to 2023. Identification of the major stakeholders in the global EV and PHEV market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2018 to 2029. Evaluation and forecast the market size for EV and PHEV sales, projected growth trends, production technology, application and end-user industry.

Descriptive company profiles of the major global players, including Tesla, BYD, Volkswagen, BMW, Mercedes-Benz, Stellantis, SAIC, VOLVO, and Hyundai & Kia, etc.

By Company

Tesla

BYD

Volkswagen

BMW

Mercedes-Benz

Stellantis

SAIC

VOLVO

Hyundai & Kia

Renault

GEELY

GAC Motor

NIO

ONE

Ford

XPeng

Chery

JAC

NETA Auto

TOYOTA

Leapmotor

Great Wall Motors

Nissan

Segment by Type

BEV

PHEV

Segment by Application

Home Use

Commercial Use

Production by Region

North America

Europe

China

Japan

South Korea

Sales by Region

US & Canada

U.S.

Canada

China

Asia (excluding China)

Japan

South Korea

Southeast Asia

India

Australia

Europe

Germany

France

U.K.

Norway

RSweden

Middle East, Africa, Latin America

Brazil

Mexico

Turkey

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type and by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: EV and PHEV production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.

Chapter 3: Sales (consumption), revenue of EV and PHEV in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 4: Detailed analysis of EV and PHEV manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.

Chapter 5: Provides the analysis of various market segments by Type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 6: Provides the analysis of various market segments by Application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 7: North America (US & Canada) by Type, by Application and by country, sales, and revenue for each segment.

Chapter 8: Europe by Type, by Application and by country, sales, and revenue for each segment.

Chapter 9: China by Type, and by Application, sales, and revenue for each segment.

Chapter 10: Asia (excluding China) by Type, by Application and by region, sales, and revenue for each segment.

Chapter 11: Middle East, Africa, Latin America by Type, by Application and by country, sales, and revenue for each segment.

Chapter 12: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, EV and PHEV sales, revenue, price, gross margin, and recent development, etc.

Chapter 13: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.

Chapter 14: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 15: The main points and conclusions of the report.