DUBLIN, Aug. 23, 2022 /PRNewswire/ — The ‘Electric Vehicle Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Vehicle Type, Medium & Heavy Commercial Vehicle), By Propulsion, By Range, By Battery Capacity, By Company, By Vehicle Type, By Region’ report has been added to ResearchAndMarkets.com’s offering.
The global electric vehicle market value is expected to grow at an impressive CAGR over the forecast period, owing to the rising demand for electric vehicles to support a clean environment.
Besides, technological advancements in electric vehicles with the incorporation of IoT and artificial intelligence is supporting the growth of the global electric vehicle market. Enhanced environmental awareness and growing need for urban mobility are propelling the demand for electric vehicles.
Chinese electric vehicles have amassed a sizable consumer base all over the world. Although European countries have registered the faster growth, other countries such as China and South Korea are expected to have the most consistent growth and sale shares of electric vehicles in the future, anticipated to fuel the growth of the global electric vehicle market in the coming years.
As the toxicity of the air increases, the threat of environmental depletion and the cause of various diseases grows. This has alerted the population and governments to focus on finding solutions that can reduce environmental pollution while preserving the limited natural fuel sources. With increased industrialization, globalization, and the combustion of petroleum products, the demand for alternative fuels is growing, driving the growth of the global electric vehicles.
Along with an electric fuel source, manufacturers are rapidly adopting artificial intelligence and the internet of things, which is intriguing consumer and changing their preferences. Growing investments in the development of electric vehicle charging infrastructure as well as higher efficiency of electric vehicle batteries are expected to drive the global electric vehicle market in the next five years.
In-dash navigation systems, automotive microcontrollers, vehicle-to-grid technology, advanced driver assistance systems, and other advanced features are becoming increasingly popular. Growing application of connected devices in electric vehicles is also supporting the growth of the global electric vehicle market during the forecast period.
The passenger car segment is anticipated to register the highest growth during the forecast period, owing to the rising sales and production of passenger vehicles.
Objective of the Study:
- To analyze the historical growth in the market size of the global electric vehicle from 2017 to 2021.
- To estimate and forecast the market size of global electric vehicle market from 2023 to 2027 and growth rate until 2027.
- To classify and forecast the global electric vehicle market based on vehicle type, propulsion, range, battery capacity, region, and company.
- To identify the dominant region or segment in the global electric vehicle market.
- To identify drivers and challenges for the global electric vehicle market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global electric vehicle market.
- To identify and analyze the profiles of leading players operating in the global electric vehicle market.
- To identify key sustainable strategies adopted by market players in global electric vehicle market.
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global electric vehicle market.
- Niu International
- Yadea Technology Group Co. Ltd.
- Jiangsu Xinri E-Vehicle Co. Ltd.
- Vmoto Soco Group
- Energica Motor Company S.p.A.
- Tesla Inc.
- Volkswagen AG
- Renault Nissan Mitsubishi Alliance
- Hyundai Motor Company
- BMW AG
- Commercial Vehicle (Top Five)
- BYD Auto Co., Ltd.
- Daimler AG
- Ford Motor Company
- Tata Motors Limited
- Chanje Energy
Report Scope:
Years considered for this report:
- Historical Years: 2017-2020
- Base Year: 2021
- Estimated Year: 2022
- Forecast Period: 2023-2027
Electric Vehicle Market, By Vehicle Type:
- Two-Wheeler
- Passenger Car
- Light Commercial Vehicle (LCV)
- Medium & Heavy Commercial Vehicle (M&HCV)
Electric Vehicle Market, By Propulsion:
- BEV
- PHEV
- FCEV
Electric Vehicle Market, By Range:
- 0-50 Miles
- 51-150 Miles
- 151-200 Miles
- 201-400 Miles
- Above 400 Miles
Electric Vehicle Market, By Battery Capacity:
- Less Than 50 kWh
- 51 kWh to 100 kWh
- 101 kWh to 200 kWh
- 201 kWh to 300 kWh
- Above 300 kWh
Electric vehicle Market, By Region:
- North America
- United States
- Mexico
- Canada
- Asia-Pacific
- China
- India
- Japan
- Thailand
- Malaysia
- Australia
- South Korea
- Europe
- Germany
- France
- United Kingdom
- Spain
- Italy
- Netherland
- Norway
- Sweden
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Israel
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Global Electric Vehicle Market
5. Voice of Customer
6. Global Electric Vehicle Market Outlook
7. North America Electric Vehicle Market Outlook
8. Asia Pacific Electric Vehicle Market Outlook
9. Europe Electric Vehicle Market Outlook
10. South America Electric Vehicle Market Outlook
11. Middle East and Africa Electric Vehicle Market Outlook
12. Market Dynamics
13. Market Trends and Developments
14. Cost Benefit Analysis of Electric Vehicle Over ICE Vehicles
15. Supply Chain Analysis
16. Policy & Regulatory Landscape
17. Competitive Landscape
18. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/nbv790
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
