New Energy Vehicle Market Size, Trends, Analysis, and Outlook by Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid), Power Source (Stored Electricity, On-Board Electric Generator), Type (Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Veh

New Energy Vehicle Market Size, Trends, Analysis, and Outlook by Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid), Power Source (Stored Electricity, On-Board Electric Generator), Type (Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicles (PHEV)), Application (Commercial Vehicle, Passenger Vehicle), by Country, Segment, and Companies, 2024-2030

The global New Energy Vehicle market size is poised to register 22.68% growth from 2024 to 2030, presenting significant growth prospects for companies operating in the industry. The study analyzes the global New Energy Vehicle market by Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid), Power Source (Stored Electricity, On-Board Electric Generator), Type (Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicles (PHEV)), Application (Commercial Vehicle, Passenger Vehicle).

The New Energy Vehicle (NEV) Market is poised for significant evolution until 2030, driven by pivotal trends and drivers. With increasing global awareness of climate change and a growing emphasis on sustainable transportation, there's a rising demand for electric and other alternative fuel vehicles. Technological advancements such as improved battery technology, enhanced charging infrastructure, and autonomous driving capabilities are reshaping the NEV market, making electric vehicles (EVs) more accessible, efficient, and attractive to consumers. In addition, government incentives, emission regulations, and efforts to reduce dependence on fossil fuels are accelerating the transition toward NEVs, fostering innovation and investment in the sector. Further, the rise of shared mobility services and smart city initiatives is driving the adoption of NEVs as efficient and eco-friendly transportation solutions for urban areas. Furthermore, as consumers increasingly prioritize environmental sustainability and seek alternatives to traditional internal combustion engine vehicles, the NEV market is expected to continue growing and diversifying, with a wide range of electric, hydrogen fuel cell, and other new energy vehicles shaping the future of mobility worldwide. To excel in this dynamic market, automakers, policymakers, and industry stakeholders must collaborate to address challenges and seize opportunities in the rapidly evolving NEV Market..

New Energy Vehicle Market Drivers, Trends, Opportunities, and Growth Opportunities

This comprehensive study discusses the latest trends and the most pressing challenges for industry players and investors. The New Energy Vehicle market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of New Energy Vehicle survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the New Energy Vehicle industry.

Key market trends defining the global New Energy Vehicle demand in 2024 and Beyond

The industry continues to remain an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play a major role.

New Energy Vehicle Market Segmentation- Industry Share, Market Size, and Outlook to 2030

The New Energy Vehicle industry comprises a wide range of segments and sub-segments. The rising demand for these product types and applications is supporting companies to increase their investment levels across niche segments. Accordingly, leading companies plan to generate a large share of their future revenue growth from expansion into these niche segments. The report presents the market size outlook across segments to support New Energy Vehicle companies scaling up production in these sub-segments with a focus on expanding into emerging countries.

Key strategies adopted by companies within the New Energy Vehicle industry

Leading New Energy Vehicle companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Further, companies are leveraging advanced technologies to unlock opportunities and achieve operational excellence. The report provides key strategies opted for by the top 10 New Energy Vehicle companies.

New Energy Vehicle Market Study- Strategic Analysis Review

The New Energy Vehicle market research report dives deep into the qualitative factors shaping the market, empowering you to make informed decisions-

• Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
• Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
• Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
• Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.

New Energy Vehicle Market Size Outlook- Historic and Forecast Revenue in Three Cases

The New Energy Vehicle industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. Further, with actual data for 2023, the report forecasts the market size outlook from 2024 to 2030 in three case scenarios- low case, reference case, and high case scenarios.

New Energy Vehicle Country Analysis and Revenue Outlook to 2030

The report analyses 22 countries worldwide including the key driving forces and market size outlook from 2021 to 2030. In addition, region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America is included in the study. For each of the six regions, the market size outlook by segments is forecast for 2030.

North America New Energy Vehicle Market Size Outlook- Companies plan for focused investments in a changing environment

The US continues to remain the market leader in North America, driven by a large consumer base, the presence of well-established providers, and a strong end-user industry demand. Leading companies focus on new product launches in the changing environment. The US economy is expected to grow in 2024 (around 2.2% growth in 2024), potentially driving demand for various New Energy Vehicle market segments. Similarly, Strong end-user demand is encouraging Canadian New Energy Vehicle companies to invest in niche segments. Further, as Mexico continues to strengthen its trade relations and invest in technological advancements, the Mexico New Energy Vehicle market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.

Europe New Energy Vehicle Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities

The German industry remains the major market for companies in the European New Energy Vehicle industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of businesses in identifying and leveraging new growth prospects positions the European New Energy Vehicle market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific New Energy Vehicle Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing prevalence of indications, robust healthcare expenditure, and increasing investments in healthcare infrastructure drive the demand for New Energy Vehicle in Asia Pacific. In particular, China, India, and South East Asian New Energy Vehicle markets present a compelling outlook for 2030, acting as a magnet for both domestic and multinational manufacturers seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major markets in the region.

Latin America New Energy Vehicle Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa New Energy Vehicle Market Size Outlook- continues its upward trajectory across segments

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East New Energy Vehicle market potential. Fueled by increasing consumption expenditure, growing population, and high demand across a few markets drives the demand for New Energy Vehicle.

New Energy Vehicle Market Company Profiles

The global New Energy Vehicle market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are Beijing Automotive Group Co. Ltd, BYD Co. Ltd, Chery Automobile Co. Ltd, China FAW Group Co. Ltd, Chongqing Changan Automobile Co. Ltd, Dongfeng Motor Corp, Great Wall Motor Co. Ltd, Guangzhou Automobile Group Co. Ltd, Hezhong New Energy Automobile Co. Ltd, Jiangsu Kaiwo Automobile Co. Ltd, Li Auto Inc, NIO Ltd, SAIC Motor Corp Ltd, Tesla Inc, Wuling Motors Holding Ltd, Xiaopeng Inc, Yutong Bus Co. Ltd, Zhejiang Geely Holding Group, Zhejiang Leapao Technology Co. Ltd, Zhongtong Bus Holding Co. Ltd.

Recent New Energy Vehicle Market Developments

The global New Energy Vehicle market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

New Energy Vehicle Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2030 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis

• Pricing Analysis
• Value Chain Analysis
• SWOT Profile
• Market Dynamics- Trends, Drivers, Challenges
• Porter’s Five Forces Analysis
• Macroeconomic Impact Analysis
• Case Scenarios- Low, Base, High

Market Segmentation:

Powertrain

Series Hybrid

Parallel Hybrid

Combined Hybrid

Power Source

Stored Electricity

On-Board Electric Generator

Type

Hybrid Electric Vehicle (HEV)

Plug-In Hybrid Electric Vehicles (PHEV)

Application

Commercial Vehicle

Passenger Vehicle

Geographical Segmentation:

• North America (3 markets)
• Europe (6 markets)
• Asia Pacific (6 markets)
• Latin America (3 markets)
• Middle East Africa (5 markets)

Companies

Beijing Automotive Group Co. Ltd

BYD Co. Ltd

Chery Automobile Co. Ltd

China FAW Group Co. Ltd

Chongqing Changan Automobile Co. Ltd

Dongfeng Motor Corp

Great Wall Motor Co. Ltd

Guangzhou Automobile Group Co. Ltd

Hezhong New Energy Automobile Co. Ltd

Jiangsu Kaiwo Automobile Co. Ltd

Li Auto Inc

NIO Ltd

SAIC Motor Corp Ltd

Tesla Inc

Wuling Motors Holding Ltd

Xiaopeng Inc

Yutong Bus Co. Ltd

Zhejiang Geely Holding Group

Zhejiang Leapao Technology Co. Ltd

Zhongtong Bus Holding Co. Ltd.

Formats Available: Excel, PDF, and PPT