Electric Vehicles Market: Summary
The Global Electric Vehicles Market is estimated to reach USD 477.3 billion in 2024 at a CAGR of 22.8%. Taxation benefit on electric car loans and supportive government subsides are expected to drive the electric vehicles market during the forecast period. However, increasing focus on sustainability is expected to become an opportunity for electric vehicles market.
The electric vehicle is an alternative source for fuel in automotive industry. This source can help various electric motors and motor controllers to drive the vehicle. Electric vehicles reserve electricity in an energy storage device such as battery. Moreover, it usually presented as non polluting or zero radiation vehicle. Some key players in electric vehicles are Tesla Motor, BYD Company Ltd., Ford Motor Company, Toyota Motor Corporation, AB Volvo, Daimler AG, and Honda Motor.Co.Ltd.
This market research report offers a comprehensive analysis of key market trends in the global electric vehicles market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the basis of type, the market is segmented into battery electric vehicles (BEV), fuel cell electric vehicles(FCEV), plugin electric vehicles(PEV) and hybrid electric vehicles (HEV). By Battery type, the electric vehicles market is segmented into lead acid battery, nickel metal hydride battery, lithium ion battery and others. On the basis of charging type, the market is segmented into rapid (43Kw-50Kw) by (30-60minute),fast (7Kw-22Kw) by (3-4hour) & slow (upto 3Kw) by (6-12hour). By end use industry, the market is segmented into heavy commercial vehicle (HCV) & low commercial vehicle (LCV).
The report on the electric vehicles market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
|
Report Features |
Specifics |
|
Historical/Estimated/Forecasted Market Size Years |
2017-2024 |
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Base Year for Market Calculation |
2018 |
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Forecasted Period |
2019-2024 (2019 estimated year, forecasted up to 2024) |
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Measured Units |
Value (USD Million) Volume (Million) |
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Segments Included |
Type, Battery Type,Charging Type, End Use Industry |
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Regional Coverage |
Asia-Pacific, North America, Europe, Middle East & Africa, South America |
For the scope of report, In-depth segmentation is offered by Forencis Research
Electric Vehicles Market, by Type
Electric Vehicles Market, by Battery Type
Electric Vehicles Market, by Charging Type
Electric Vehicles Market by, End-Use Industry
Electric Vehicles Market by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE ELECTRIC VEHICLES MARKET STUDY
1 INTRODUCTION
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
1.6 Assumptions
1.7 Limitations
2 RESEARCH DESIGN & SCOPE
2.1 Introduction
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1. Taxation benefit on electric car loans
4.2.2. Supportive government subsidies
4.3 Restraints
4.3.1. High cost of fast charging systems
4.3.2. High price of electric vehicles as compared to conventional vehicles
4.4 Opportunities
4.4.1. Increasing focus on sustainability
4.5 Challenges
4.5.1. Charging Time
4.5.2. Security involved with battery machinery
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1 Introduction
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 ELECTRIC VEHICLE MARKET BY TYPE, Market Size in USD Million (2017—2024)
6.1 Introduction
6.2 Battery Electric Vehicles (BEV)
6.3 Fuel Cell Electric Vehicles (FCEV)
6.4 Plugin Electric Vehicles (PEV)
6.5 Hybrid Electric Vehicles (HEV)
7 ELECTRIC VEHICLE MARKET BY BATTERY TYPE, Market Size in USD Million (2017—2024)
7.1 Introduction
7.2 Lead Acid Batteries
7.3 Nickel Metal Hydride Batteries
7.4 Lithium Ion Batteries
7.5 Others
8 ELECTRIC VEHICLE MARKET BY CHARGING TYPE, Market Size in USD Million (2017—2024)
8.1 Introduction
8.2 Rapid (43-50Kw) by (30-60 minutes)
8.3 Fast (7Kw-22Kw) by (3-4 hours)
8.4 Slow (Up to 3Kw) by (6-12 hours)
9 ELECTRIC VEHICLE MARKET BY END-USE INDUSTRY, Market Size in USD Million (2017—2024)
9.1 Introduction
9.2 Light Commercial Vehicle
9.3 Heavy Commercial Vehicle
10 ELECTRIC VEHICLE MARKET BY REGION, Market Size in USD Million (2017—2024)
10.1 North America
8.1.1. US
8.1.2. Canada
8.1.3. Mexico
10.2 Europe
8.2.1. Germany
8.2.2. Norway
8.2.3. France
8.2.4. Italy
8.2.5. UK
8.2.6. Spain
8.2.7. The Netherlands
8.2.8. Rest of Europe
10.3 Asia-Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. South Korea
8.3.5. Taiwan
8.3.6. Rest of Asia-Pacific
10.4 Middle East
8.4.1. Saudi Arabia
8.4.2. UAE
8.4.3. Rest of Middle East
10.5 South America
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Rest of South America
11 COMPETITIVE LANDSCAPE
11.1 Introduction
11.2 Market Ranking/Share Analysis of Key Companies
11.3 Company Benchmarking
12 COMPANY PROFILES
12.1 Tesla Motor
12.1.1 Company Overview
12.1.2 Financial Overview
12.1.3 Products/Solutions/Services Offered
12.1.4 Key Developments
12.1.5 SWOT Analysis
12.2 BYD Company Ltd.
12.3 Ford Motor Company
12.4 Toyota Motor Corp
12.5 AB Volvo
12.6 Daimler AG
12.7 Honda Motor Co Ltd
12.8 HYUNDAI MOTOR GROUP
12.9 Other Key Companies
13 APPENDIX
13.1 Key Industry Expert Insights
13.2 Primary Discussion Guide
13.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
