Electric Vehicles Market
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Electric Vehicles Market Overview
The report is titled as ‘Electric Vehicles Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the electric vehicles market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The electric vehicles market is expected to grow at a significant rate in the near future.
The global electric vehicles market is estimated to reach at a value of US$ 178.9 Bn by the end of 2020 and expected to reach at a value of US$ 1,889.5 Bn by 2028 with a significant CAGR of 34.4%
Electric Vehicles Introduction
The term ‘Electric vehicles (EVs)’ has been around for years but it has emerged and advanced significantly this decade. Basically, an electric vehicle (EV) can be perceived as a vehicle that functions on an electric motor, quite the replacement of an internal-combustion engine that begets energy by ablazing a mix of gases and fuel. On that account, an electric vehicle is observed as the most probable substitute for present-generation automobiles, in the interest of addressing the concern of surging pollution, depleting natural resources, global warming, and many more.
Despite the fact that the idea of electric vehicles has been around for a while, it has called for a great amount of attention in the recent decade amidst an escalating carbon footprint and other harmful environmental repercussions of fuel-based vehicles.
Electric vehicles are also categorized into three types: Battery Electric Vehicle (BEV), Plugin Hybrid Electric Vehicle (PHEV) and Hybrid Electric Vehicle (HEV). A battery electric vehicle (BEV) operates completely utilizing an electric motor and battery and requires an external source of electricity to recharge its battery.
On other hand, the Plug-in hybrids (PHEVs) consists of an electric motor and battery that can be plugged into the power grid to charge the battery but comprises of additional support of internal combustion engine which can serve its utility when the vehicle’s battery needs to be recharged or to replace the electric motor of the vehicle.
Furthermore, the third kind of electric vehicle is Hybrid Electric Vehicles (HEVs) have two supportive drive systems: an electric motor with a battery and a gasoline engine with a fuel tank. Both the electric motor and the engine can turn the transmission simultaneously. Noticeably, HEVs are not possible to be recharged from the electricity grid as all their energy stimulates from regenerative braking as well as from gasoline.
Electric Vehicles Market Dynamics
The concept of electric vehicles has developed and made massive progress in the past decade, though the idea of it has been around for a very long time, owing to the enormously rising levels of pollution and global warming as well as many other harmful environmental issues across the world in recent times.
Electric vehicles are primarily designed in a certain way to tackle environmental problems and resolve them, and thus it is considered the best replacement for the conventional ways to transit. Attributing to which, the global markets are expected to accept and embrace the advanced electric vehicles with open arms in the years to come, thereby boosting the growth of the global electric vehicles market in the forthcoming future.
In addition, electric vehicles along with all their extraordinary potential are capable of outperforming traditional vehicles, offering reduced carbon emissions as well as maintenance, elevated fuel economy, more convenience in charging, smooth drive, as well as decreased sound from the engine. Such factors further gain traction in the global markets, thus the global electric vehicles market is projected to rise higher over the forecast period.
Apart from that, the global market is also witnessing high demand for high-performance as well as fuel-efficient vehicles, worldwide, coupled with the soaring stringent regulations and policies from several regulatory bodies and governments for low-emission vehicles with regard to increasing environmental issues.
Attributable to such factors, electric vehicles are anticipated to gain tremendous momentum in the given timeframe, thus positively fueling the growth of the global electric vehicles market in the near future.
However, electric vehicles remain more expensive relative to gasoline-fueled vehicles over their useful life, which may act as a restraining factor for the growth of the electric vehicles market in some emerging and developing countries. In addition to that, factors such as decreased fuel economy and utility and massive manufacturing expense are estimated to hold the growth of the global electric vehicle market to the bounds.
Nonetheless, the immense technological advancements and dynamic government initiatives still augment the growth of the electric vehicle market during the forecast period.
Electric Vehicles Market Segmentation
The global Electric Vehicles market is segmented on the basis of vehicle type, propulsion type, components, charging station type, vehicle class, power output, and regions. On the basis of the vehicle type, the Electric Vehicles market is segmented into Passenger Car, Commercial Vehicle, Two wheeler. On the basis of propulsion type, the market is segmented into Battery electric vehicle (BEV), Fuel cell electric vehicle (FCEV), Plug-in hybrid electric vehicle (PHEV), and Hybrid electric vehicle (HEV). Further, the electric vehicle market is segmented on the basis of components into Battery Cells & Packs, On-Board Charge, Infotainment, and Electric Motor. On the basis of charging station type, the electric vehicles market is segmented into Normal charging, and Supercharging. Further, the market is bifurcated on the basis of vehicles class into Mid-Priced and Luxury. Furthermore, the electric vehicle market is divided on the basis of power output into Less than 100 KW, 100-250 KW, and Above 250 KW.
The research report classifies the global electric vehicles market based on vehicle type, propulsion type, components, charging station type, vehicle class, power output, and regions.
By Vehicle Type
Passenger Car
Commercial Vehicle
Two wheeler
By Propulsion type
Battery Electric Vehicle (BEV)
Fuel Cell Electric Vehicle (FCEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Hybrid Electric Vehicle (HEV)
By Components (qualitative)
Battery Cells & Packs
On-Board Charge
Infotainment
Electric Motor
By Charging Station Type
Normal charging
Super charging
By Vehicle Class
Mid-Priced
Luxury
By Power Output
Less than 100 KW
100-250 KW
Above 250 KW
By Region
North America
Latin America
Africa
Europe
Asia Pacific
Middle East
Electric Vehicles Market Key Players
The global Electric Vehicles market is dominated by Tesla, BYD, BMW, Volkswagen, and Nissan, among others.
MMC Overview on Electric Vehicles Market Report
The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the Electric Vehicles market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of Electric Vehicles
Advantages of Electric Vehicles
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.
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1. Global Electric Vehicles Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Electric Vehicles Market Overview
2.1. Introduction
2.1.1. Introduction
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Electric Vehicles Market Snapshot
2.4. Global Electric Vehicles Market Size And Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global Electric Vehicles Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Key Regulations
2.7. Porter’s Five Forces Model
3. Electric Vehicles Assessment and Analysis
3.1. Actions to encourage use of Electric Vehicles Technology
3.2. Electric Vehicles Promotional Strategy Recommendation
3.3. Road Map Analysis
3.4. GAP Analysis
3.5. Potential Analysis
4. Covid-19 Impact on Electric Vehicles Market in 2020
4.1. Impact Analysis of Covid-19 on the global Electric Vehicles market
4.2. Effect On Value Chain
4.3. Business Impact W.R.T Revenue
4.4. Fluctuation In Production
4.5. Volatility In Price
4.6. Effect On The Overall Trade
4.7. Market Impact Analysis In 2020 (Quarter Wise)
5. Global Electric Vehicles Market, By Vehicle Type
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By Vehicle Type
5.1.2. BPS Analysis, By Vehicle Type
5.2. Market Revenue (US$Mn) Forecast, By Vehicle Type
5.2.1. Passenger Car
5.2.2. Commercial Vehicle
5.2.3. Two Wheeler
5.3. Global Electric Vehicles Market Attractiveness Index, By Vehicle Type
6. Global Electric Vehicles Market, By Propulsion Type
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By Propulsion Type
6.1.2. BPS Analysis, By Propulsion Type
6.2. Market Revenue (US$Mn) Forecast, By Propulsion Type
6.2.1. Battery Electric Vehicle (BEV)
6.2.2. Fuel Cell Electric Vehicle (FCEV)
6.2.3. Plug-In Hybrid Electric Vehicle (PHEV)
6.2.4. Hybrid Electric Vehicle (HEV)
6.3. Global Electric Vehicles Market Attractiveness Index, By Propulsion Type
7. Global Electric Vehicles Market, By Charging Station Type
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By Charging Station Type
7.1.2. BPS Analysis, By Charging Station Type
7.2. Market Revenue (US$Mn) Forecast, By Charging Station Type
7.2.1. Normal Charging
7.2.2. Super Charging
7.3. Global Electric Vehicles Market Attractiveness Index, By Charging Station Type
8. Global Electric Vehicles Market, By Vehicle Class
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By Vehicle Class
8.1.2. BPS Analysis, By Vehicle Class
8.2. Market Revenue (US$Mn) Forecast, By Vehicle Class
8.2.1. Mid-Priced
8.2.2. Luxury
8.3. Global Electric Vehicles Market Attractiveness Index, By Vehicle Class
9. Global Electric Vehicles Market, By Power Output
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By Power Output
9.1.2. BPS Analysis, By Power Output
9.2. Market Revenue (US$Mn) Forecast, By Power Output
9.2.1. Less than 100 KW
9.2.2. 100-250 KW
9.2.3. Above 250 KW
9.3. Global Electric Vehicles Market Attractiveness Index, By Power Output
10. Global Electric Vehicles Market, By Region
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Region
10.1.2. BPS Analysis, By Region
10.2. Market Revenue (US$Mn) Forecast, By Region
10.2.1. North America
10.2.2. Latin America
10.2.3. Europe
10.2.4. Asia Pacific
10.2.5. Middle East
10.2.6. Africa
10.3. Global Electric Vehicles Market Attractiveness Index, By Region
11. North America Electric Vehicles Market Analysis and Forecast, 2020–2028
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Country
11.1.2. BPS Analysis, By Country
11.2. Market Revenue (US$Mn) Forecast, By Country
11.2.1. U.S. Electric Vehicles Market
11.2.2. Canada Electric Vehicles Market
11.3. North America Electric Vehicles Market, By Vehicle Type
11.3.1. Passenger Car
11.3.2. Commercial Vehicle
11.3.3. Two Wheeler
11.4. North America Electric Vehicles Market Revenue (US$Mn) Forecast, By Propulsion Type
11.4.1. Battery Electric Vehicle (BEV)
11.4.2. Fuel Cell Electric Vehicle (FCEV)
11.4.3. Plug-In Hybrid Electric Vehicle (PHEV)
11.4.4. Hybrid Electric Vehicle (HEV)
11.5. North America Electric Vehicles Market Revenue (US$Mn) Forecast, By Charging Station Type
11.5.1. Normal Charging
11.5.2. Super Charging
11.6. North America Electric Vehicles Market Revenue (US$Mn) Forecast, By Charging Station Type
11.6.1. Normal Charging
11.6.2. Super Charging
11.7. North America Electric Vehicles Market Revenue (US$Mn) Forecast, By Vehicle Class
11.7.1. Mid-Priced
11.7.2. Luxury
11.8. North America Electric Vehicles Market Revenue (US$Mn) Forecast, By Power Output
11.8.1. Less than 100 KW
11.8.2. 100-250 KW
11.8.3. Above 250 KW
11.9. North America Electric Vehicles Market Attractiveness Index
11.9.1. By Country
11.9.2. By Vehicle Type
11.9.3. By Charging Station Type
11.9.4. By Propulsion Type
11.9.5. By Vehicle Class
11.9.6. By Power Output
12. Latin America Electric Vehicles Market Analysis and Forecast, 2020–2028
12.1. Introduction
12.1.1. Annual Growth Rate Comparison, By Country
12.1.2. BPS Analysis, By Country
12.2. Market (US$Mn) Forecast, By Country
12.2.1. Brazil Electric Vehicles Market
12.2.2. Mexico Electric Vehicles Market
12.2.3. Argentina Electric Vehicles Market
12.2.4. Rest Of Latin America Electric Vehicles Market
12.3. Latin America Electric Vehicles Market, By Vehicle Type
12.3.1. Passenger Car
12.3.2. Commercial Vehicle
12.3.3. Two Wheeler
12.4. Latin America Electric Vehicles Market Revenue (US$Mn) Forecast, By Propulsion Type
12.4.1. Battery Electric Vehicle (BEV)
12.4.2. Fuel Cell Electric Vehicle (FCEV)
12.4.3. Plug-In Hybrid Electric Vehicle (PHEV)
12.4.4. Hybrid Electric Vehicle (HEV)
12.5. Latin America Electric Vehicles Market Revenue (US$Mn) Forecast, By Charging Station Type
12.5.1. Normal Charging
12.5.2. Super Charging
12.6. Latin America Electric Vehicles Market Revenue (US$Mn) Forecast, By Charging Station Type
12.6.1. Normal Charging
12.6.2. Super Charging
12.7. Latin America Electric Vehicles Market Revenue (US$Mn) Forecast, By Vehicle Class
12.7.1. Mid-Priced
12.7.2. Luxury
12.8. Latin America Electric Vehicles Market Revenue (US$Mn) Forecast, By Power Output
12.8.1. Less than 100 KW
12.8.2. 100-250 KW
12.8.3. Above 250 KW
12.9. Latin America Electric Vehicles Market Attractiveness Index
12.9.1. By Country
12.9.2. By Vehicle Type
12.9.3. By Charging Station Type
12.9.4. By Propulsion Type
12.9.5. By Vehicle Class
12.9.6. By Power Output
13. Europe Electric Vehicles Market Analysis and Forecast, 2020–2028
13.1. Introduction
13.1.1. Annual Growth Rate Comparison, By Country
13.1.2. BPS Analysis, By Country
13.2. Market (US$Mn) Forecast, By Country
13.2.1. U.K. Electric Vehicles Market
13.2.2. Germany Electric Vehicles Market
13.2.3. Italy Electric Vehicles Market
13.2.4. France Electric Vehicles Market
13.2.5. Spain Electric Vehicles Market
13.2.6. Russia Electric Vehicles Market
13.2.7. Poland Electric Vehicles Market
13.2.8. BENELUX Electric Vehicles Market
13.2.9. NORDIC Electric Vehicles Market
13.2.10. Rest Of Europe Electric Vehicles Market
13.3. Europe Electric Vehicles Market, By Vehicle Type
13.3.1. Passenger Car
13.3.2. Commercial Vehicle
13.3.3. Two Wheeler
13.4. Europe Electric Vehicles Market Revenue (US$Mn) Forecast, By Propulsion Type
13.4.1. Battery Electric Vehicle (BEV)
13.4.2. Fuel Cell Electric Vehicle (FCEV)
13.4.3. Plug-In Hybrid Electric Vehicle (PHEV)
13.4.4. Hybrid Electric Vehicle (HEV)
13.5. Europe Electric Vehicles Market Revenue (US$Mn) Forecast, By Charging Station Type
13.5.1. Normal Charging
13.5.2. Super Charging
13.6. Europe Electric Vehicles Market Revenue (US$Mn) Forecast, By Charging Station Type
13.6.1. Normal Charging
13.6.2. Super Charging
13.7. Europe Electric Vehicles Market Revenue (US$Mn) Forecast, By Vehicle Class
13.7.1. Mid-Priced
13.7.2. Luxury
13.8. Europe Electric Vehicles Market Revenue (US$Mn) Forecast, By Power Output
13.8.1. Less than 100 KW
13.8.2. 100-250 KW
13.8.3. Above 250 KW
13.9. Europe Electric Vehicles Market Attractiveness Index
13.9.1. By Country
13.9.2. By Vehicle Type
13.9.3. By Charging Station Type
13.9.4. By Propulsion Type
13.9.5. By Vehicle Class
13.9.6. By Power Output
14. Asia Pacific Electric Vehicles Market Analysis and Forecast, 2020–2028
14.1. Introduction
14.1.1. Annual Growth Rate Comparison, By Country
14.1.2. BPS Analysis, By Country
14.2. Market (US$Mn) Forecast, By Country
14.2.1. China Electric Vehicles Market
14.2.2. India Electric Vehicles Market
14.2.3. Japan Electric Vehicles Market
14.2.4. Australia and New Zealand Electric Vehicles Market
14.2.5. South Korea Electric Vehicles Market
14.2.6. ASEAN Electric Vehicles Market
14.2.7. Rest of Asia Pacific Electric Vehicles Market
14.3. Asia Pacific Electric Vehicles Market, By Vehicle Type
14.3.1. Passenger Car
14.3.2. Commercial Vehicle
14.3.3. Two Wheeler
14.4. Asia Pacific Electric Vehicles Market Revenue (US$Mn) Forecast, By Propulsion Type
14.4.1. Battery Electric Vehicle (BEV)
14.4.2. Fuel Cell Electric Vehicle (FCEV)
14.4.3. Plug-In Hybrid Electric Vehicle (PHEV)
14.4.4. Hybrid Electric Vehicle (HEV)
14.5. Asia Pacific Electric Vehicles Market Revenue (US$Mn) Forecast, By Charging Station Type
14.5.1. Normal Charging
14.5.2. Super Charging
14.6. Asia Pacific Electric Vehicles Market Revenue (US$Mn) Forecast, By Charging Station Type
14.6.1. Normal Charging
14.6.2. Super Charging
14.7. Asia Pacific Electric Vehicles Market Revenue (US$Mn) Forecast, By Vehicle Class
14.7.1. Mid-Priced
14.7.2. Luxury
14.8. Asia Pacific Electric Vehicles Market Revenue (US$Mn) Forecast, By Power Output
14.8.1. Less than 100 KW
14.8.2. 100-250 KW
14.8.3. Above 250 KW
14.9. Asia Pacific Electric Vehicles Market Attractiveness Index
14.9.1. By Country
14.9.2. By Vehicle Type
14.9.3. By Charging Station Type
14.9.4. By Propulsion Type
14.9.5. By Vehicle Class
14.9.6. By Power Output
15. Middle East Electric Vehicles Market, By Region
15.1. Introduction
15.1.1. Annual Growth Rate Comparison, By Country
15.1.2. BPS Analysis, By Country
15.2. Market (US$Mn) Forecast, By Country
15.2.1. GCC Countries Electric Vehicles Market
15.2.2. Israel Electric Vehicles Market
15.2.3. Rest Of Middle East Electric Vehicles Market
15.3. Middle East Electric Vehicles Market, By Vehicle Type
15.3.1. Passenger Car
15.3.2. Commercial Vehicle
15.3.3. Two Wheeler
15.4. Middle East Electric Vehicles Market Revenue (US$Mn) Forecast, By Propulsion Type
15.4.1. Battery Electric Vehicle (BEV)
15.4.2. Fuel Cell Electric Vehicle (FCEV)
15.4.3. Plug-In Hybrid Electric Vehicle (PHEV)
15.4.4. Hybrid Electric Vehicle (HEV)
15.5. Middle East Electric Vehicles Market Revenue (US$Mn) Forecast, By Charging Station Type
15.5.1. Normal Charging
15.5.2. Super Charging
15.6. Middle East Electric Vehicles Market Revenue (US$Mn) Forecast, By Charging Station Type
15.6.1. Normal Charging
15.6.2. Super Charging
15.7. Middle East Electric Vehicles Market Revenue (US$Mn) Forecast, By Vehicle Class
15.7.1. Mid-Priced
15.7.2. Luxury
15.8. Middle East Electric Vehicles Market Revenue (US$Mn) Forecast, By Power Output
15.8.1. Less than 100 KW
15.8.2. 100-250 KW
15.8.3. Above 250 KW
15.9. Middle East Electric Vehicles Market Attractiveness Index
15.9.1. By Country
15.9.2. By Vehicle Type
15.9.3. By Charging Station Type
15.9.4. By Propulsion Type
15.9.5. By Vehicle Class
15.9.6. By Power Output
16. Africa Electric Vehicles Market, By Region
16.1. Introduction
16.1.1. Annual Growth Rate Comparison, By Country
16.1.2. BPS Analysis, By Country
16.2. Market (US$Mn) Forecast, By Country
16.2.1. South Africa Electric Vehicles Market
16.2.2. Egypt Electric Vehicles Market
16.2.3. North Africa Electric Vehicles Market
16.2.4. Rest Of Africa Electric Vehicles Market
16.3. Africa Electric Vehicles Market, By Vehicle Type
16.3.1. Passenger Car
16.3.2. Commercial Vehicle
16.3.3. Two Wheeler
16.4. Africa Electric Vehicles Market Revenue (US$Mn) Forecast, By Propulsion Type
16.4.1. Battery Electric Vehicle (BEV)
16.4.2. Fuel Cell Electric Vehicle (FCEV)
16.4.3. Plug-In Hybrid Electric Vehicle (PHEV)
16.4.4. Hybrid Electric Vehicle (HEV)
16.5. Africa Electric Vehicles Market Revenue (US$Mn) Forecast, By Charging Station Type
16.5.1. Normal Charging
16.5.2. Super Charging
16.6. Africa Electric Vehicles Market Revenue (US$Mn) Forecast, By Charging Station Type
16.6.1. Normal Charging
16.6.2. Super Charging
16.7. Africa Electric Vehicles Market Revenue (US$Mn) Forecast, By Vehicle Class
16.7.1. Mid-Priced
16.7.2. Luxury
16.8. Africa Electric Vehicles Market Revenue (US$Mn) Forecast, By Power Output
16.8.1. Less than 100 KW
16.8.2. 100-250 KW
16.8.3. Above 250 KW
16.9. Africa Electric Vehicles Market Attractiveness Index
16.9.1. By Country
16.9.2. By Vehicle Type
16.9.3. By Charging Station Type
16.9.4. By Propulsion Type
16.9.5. By Vehicle Class
16.9.6. By Power Output
17. Recommendation
17.1. Market Strategy
18. Competitive Landscape
18.1. Competition Dashboard
18.2. List and Company Overview of Global Key Players
18.3. Company Profiles
18.3.1. Tesla
18.3.1.1. Company Overview
18.3.1.2. Financial Overview
18.3.1.3. Product Portfolio
18.3.1.4. SWOT Analysis
18.3.1.5. Key Developments
18.3.1.6. Business Strategies
18.3.2. BYD
18.3.3. BMW
18.3.4. Volkswagen
18.3.5. Nissan
18.3.6. Toyota
18.3.7. Ford
18.3.8. Volvo
18.3.9. Daimler
18.3.10. Hyundai
18.3.11. Honda
18.3.12. Continental
18.3.13. TATA Motors
19. Acronyms
1. Global Electric Vehicles Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Electric Vehicles Market Overview
2.1. Introduction
2.1.1. Introduction
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Electric Vehicles Market Snapshot
2.4. Global Electric Vehicles Market Size And Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global Electric Vehicles Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Porter’s Five Forces Model
2.7. SWOT Analysis
3. Electric Vehicles Assessment and Analysis
3.1. Electric Vehicles Impact Analysis
3.2. Actions to encourage use of Electric Vehicles
3.3. Electric Vehicles Promotional Strategy Recommendation
3.4. Road Map Analysis
3.5. Potential Analysis
4. Covid-19 Impact on Electric Vehicles Market
4.1. Impact Analysis of Covid-19 on the global Electric Vehicles market
4.2. Effect On Value Chain
4.3. Business Impact W.R.T Revenue
4.4. Volatility In Price
4.5. Effect On The Overall Trade
4.6. Market Impact Analysis In 2020 (Quarter Wise)
5. Global Electric Vehicles Market, By Vehicle Type
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By Vehicle Type
5.1.2. BPS Analysis, By Vehicle Type
5.2. Market Revenue (US$Mn) and Forecast, By Vehicle Type
5.2.1. Passenger Car
5.2.2. Commercial Vehicle
5.2.3. Two wheeler
5.3. Global Electric Vehicles Market Attractiveness Index, By Vehicle Type
6. Global Electric Vehicles Market, By Propulsion Type
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By Propulsion Type
6.1.2. BPS Analysis, By Propulsion Type
6.2. Market Revenue (US$Mn) and Forecast, By Propulsion Type
6.2.1. Battery Electric Vehicle (BEV)
6.2.2. Fuel Cell Electric Vehicle (FCEV)
6.2.3. Plug-In Hybrid Electric Vehicle (PHEV)
6.2.4. Hybrid Electric Vehicle (HEV)
6.3. Global Electric Vehicles Market Attractiveness Index, By Propulsion Type
7. Global Electric Vehicles Market, By Power Output
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By Power Output
7.1.2. BPS Analysis, By Power Output
7.2. Market Revenue (US$Mn) and Forecast, By Power Output
7.2.1. Less than 100 KW
7.2.2. 100-250 KW
7.2.3. Above 250 KW
7.3. Global Electric Vehicles Market Attractiveness Index, By Power Output
8. Global Electric Vehicles Market, By Charging Station
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By Charging Station
8.1.2. BPS Analysis, By Charging Station
8.2. Market Revenue (US$Mn) and Forecast, By Charging Station
8.2.1. Normal charging
8.2.2. Super charging
8.3. Global Electric Vehicles Market Attractiveness Index, By Charging Station
9. Global Electric Vehicles Market, By Vehicle Class
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By Vehicle Class
9.1.2. BPS Analysis, By Vehicle Class
9.2. Market Revenue (US$Mn) and Forecast, By Vehicle Class
9.2.1. Mid-Priced
9.2.2. Luxury
9.3. Global Electric Vehicles Market Attractiveness Index, By Vehicle Class
10. Global Electric Vehicles Market, By Region
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Region
10.1.2. BPS Analysis, By Region
10.2. Market Revenue (US$Mn) and Forecast, By Region
10.2.1. North America
10.2.2. Latin America
10.2.3. Europe
10.2.4. Asia Pacific
10.2.5. Middle East
10.2.6. Africa
10.3. Global Electric Vehicles Market Attractiveness Index, By Region
11. North America Electric Vehicles Market Analysis and Forecast, 2020–2028
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Country
11.1.2. BPS Analysis, By Country
11.2. Market Revenue (US$Mn) and Forecast, By Country
11.2.1. U.S. Electric Vehicles Market
11.2.2. Canada Electric Vehicles Market
11.3. North America Electric Vehicles Market, By Vehicle Type
11.3.1. Passenger Car
11.3.2. Commercial Vehicle
11.3.3. Two wheeler
11.4. North America Electric Vehicles Market Revenue (US$Mn) and Forecast, By Propulsion Type
11.4.1. Battery Electric Vehicle (BEV)
11.4.2. Fuel Cell Electric Vehicle (FCEV)
11.4.3. Plug-In Hybrid Electric Vehicle (PHEV)
11.4.4. Hybrid Electric Vehicle (HEV)
11.5. North America Electric Vehicles Market Revenue (US$Mn) and Forecast, By Power Output
11.5.1. Less than 100 KW
11.5.2. 100-250 KW
11.5.3. Above 250 KW
11.6. North America Electric Vehicles Market Revenue (US$Mn) and Forecast, By Charging Station
11.6.1. Normal charging
11.6.2. Super charging
11.7. North America Electric Vehicles Market Revenue (US$Mn) and Forecast, By Vehicle Class
11.7.1. Mid-Priced
11.7.2. Luxury
11.8. North America Electric Vehicles Market Attractiveness Index
11.8.1. By Country
11.8.2. By Propulsion Type
11.8.3. By Vehicle Type
11.8.4. By Charging Station
11.8.5. By Power Output
11.8.6. By Vehicle Class
12. Latin America Electric Vehicles Market Analysis and Forecast, 2020–2028
12.1. Introduction
12.1.1. Annual Growth Rate Comparison, By Country
12.1.2. BPS Analysis, By Country
12.2. Market (US$Mn) Forecast, By Country
12.2.1. Brazil Electric Vehicles Market
12.2.2. Mexico Electric Vehicles Market
12.2.3. Rest Of Latin America Electric Vehicles Market
12.3. Latin America Electric Vehicles Market, By Vehicle Type
12.3.1. Passenger Car
12.3.2. Commercial Vehicle
12.3.3. Two wheeler
12.4. Latin America Electric Vehicles Market Revenue (US$Mn) and Forecast, By Propulsion Type
12.4.1. Battery Electric Vehicle (BEV)
12.4.2. Fuel Cell Electric Vehicle (FCEV)
12.4.3. Plug-In Hybrid Electric Vehicle (PHEV)
12.4.4. Hybrid Electric Vehicle (HEV)
12.5. Latin America Electric Vehicles Market Revenue (US$Mn) and Forecast, By Power Output
12.5.1. Less than 100 KW
12.5.2. 100-250 KW
12.5.3. Above 250 KW
12.6. Latin America Electric Vehicles Market Revenue (US$Mn) and Forecast, By Charging Station
12.6.1. Normal charging
12.6.2. Super charging
12.7. Latin America Electric Vehicles Market Revenue (US$Mn) and Forecast, By Vehicle Class
12.7.1. Mid-Priced
12.7.2. Luxury
12.8. Latin America Electric Vehicles Market Attractiveness Index
12.8.1. By Country
12.8.2. By Propulsion Type
12.8.3. By Vehicle Type
12.8.4. By Charging Station
12.8.5. By Power Output
12.8.6. By Vehicle Class
13. Europe Electric Vehicles Market Analysis and Forecast, 2020–2028
13.1. Introduction
13.1.1. Annual Growth Rate Comparison, By Country
13.1.2. BPS Analysis, By Country
13.2. Market (US$Mn) Forecast, By Country
13.2.1. U.K. Electric Vehicles Market
13.2.2. Germany Electric Vehicles Market
13.2.3. Italy Electric Vehicles Market
13.2.4. France Electric Vehicles Market
13.2.5. Spain Electric Vehicles Market
13.2.6. Russia Electric Vehicles Market
13.2.7. Rest Of Europe Electric Vehicles Market
13.3. Europe Electric Vehicles Market, By Vehicle Type
13.3.1. Passenger Car
13.3.2. Commercial Vehicle
13.3.3. Two wheeler
13.4. Europe Electric Vehicles Market Revenue (US$Mn) and Forecast, By Propulsion Type
13.4.1. Battery Electric Vehicle (BEV)
13.4.2. Fuel Cell Electric Vehicle (FCEV)
13.4.3. Plug-In Hybrid Electric Vehicle (PHEV)
13.4.4. Hybrid Electric Vehicle (HEV)
13.5. Europe Electric Vehicles Market Revenue (US$Mn) and Forecast, By Power Output
13.5.1. Less than 100 KW
13.5.2. 100-250 KW
13.5.3. Above 250 KW
13.6. Europe Electric Vehicles Market Revenue (US$Mn) and Forecast, By Charging Station
13.6.1. Normal charging
13.6.2. Super charging
13.7. Europe Electric Vehicles Market Revenue (US$Mn) and Forecast, By Vehicle Class
13.7.1. Mid-Priced
13.7.2. Luxury
13.8. Europe Electric Vehicles Market Attractiveness Index
13.8.1. By Country
13.8.2. By Propulsion Type
13.8.3. By Vehicle Type
13.8.4. By Charging Station
13.8.5. By Power Output
13.8.6. By Vehicle Class
14. Asia Pacific Electric Vehicles Market Analysis and Forecast, 2020–2028
14.1. Introduction
14.1.1. Annual Growth Rate Comparison, By Country
14.1.2. BPS Analysis, By Country
14.2. Market (US$Mn) Forecast, By Country
14.2.1. China Electric Vehicles Market
14.2.2. India Electric Vehicles Market
14.2.3. Japan Electric Vehicles Market
14.2.4. Australia and New Zealand Electric Vehicles Market
14.2.5. South Korea Electric Vehicles Market
14.2.6. Rest of Asia Pacific Electric Vehicles Market
14.3. Asia Pacific Electric Vehicles Market, By Vehicle Type
14.3.1. Passenger Car
14.3.2. Commercial Vehicle
14.3.3. Two wheeler
14.4. Asia Pacific Electric Vehicles Market Revenue (US$Mn) and Forecast, By Propulsion Type
14.4.1. Battery Electric Vehicle (BEV)
14.4.2. Fuel Cell Electric Vehicle (FCEV)
14.4.3. Plug-In Hybrid Electric Vehicle (PHEV)
14.4.4. Hybrid Electric Vehicle (HEV)
14.5. Asia Pacific Electric Vehicles Market Revenue (US$Mn) and Forecast, By Power Output
14.5.1. Less than 100 KW
14.5.2. 100-250 KW
14.5.3. Above 250 KW
14.6. Asia Pacific Electric Vehicles Market Revenue (US$Mn) and Forecast, By Charging Station
14.6.1. Normal charging
14.6.2. Super charging
14.7. Asia Pacific Electric Vehicles Market Revenue (US$Mn) and Forecast, By Vehicle Class
14.7.1. Mid-Priced
14.7.2. Luxury
14.8. Asia Pacific Electric Vehicles Market Attractiveness Index
14.8.1. By Country
14.8.2. By Propulsion Type
14.8.3. By Vehicle Type
14.8.4. By Charging Station
14.8.5. By Power Output
14.8.6. By Vehicle Class
15. Middle East Electric Vehicles Market Analysis and Forecast, 2020–2028
15.1. Introduction
15.1.1. Annual Growth Rate Comparison, By Country
15.1.2. BPS Analysis, By Country
15.2. Market (US$Mn) Forecast, By Country
15.2.1. GCC Countries Electric Vehicles Market
15.2.2. Israel Electric Vehicles Market
15.2.3. Rest Of Middle East Electric Vehicles Market
15.3. Middle East Electric Vehicles Market, By Vehicle Type
15.3.1. Passenger Car
15.3.2. Commercial Vehicle
15.3.3. Two wheeler
15.4. Middle East Electric Vehicles Market Revenue (US$Mn) and Forecast, By Propulsion Type
15.4.1. Battery Electric Vehicle (BEV)
15.4.2. Fuel Cell Electric Vehicle (FCEV)
15.4.3. Plug-In Hybrid Electric Vehicle (PHEV)
15.4.4. Hybrid Electric Vehicle (HEV)
15.5. Middle East Electric Vehicles Market Revenue (US$Mn) and Forecast, By Power Output
15.5.1. Less than 100 KW
15.5.2. 100-250 KW
15.5.3. Above 250 KW
15.6. Middle East Electric Vehicles Market Revenue (US$Mn) and Forecast, By Charging Station
15.6.1. Normal charging
15.6.2. Super charging
15.7. Middle East Electric Vehicles Market Revenue (US$Mn) and Forecast, By Vehicle Class
15.7.1. Mid-Priced
15.7.2. Luxury
15.8. Middle East Electric Vehicles Market Attractiveness Index
15.8.1. By Country
15.8.2. By Propulsion Type
15.8.3. By Vehicle Type
15.8.4. By Charging Station
15.8.5. By Power Output
15.8.6. By Vehicle Class
16. Africa Electric Vehicles Market Analysis and Forecast, 2020–2028
16.1. Introduction
16.1.1. Annual Growth Rate Comparison, By Country
16.1.2. BPS Analysis, By Country
16.2. Market (US$Mn) Forecast, By Country
16.2.1. South Africa Countries Electric Vehicles Market
16.2.2. Egypt Electric Vehicles Market
16.2.3. North Africa Electric Vehicles Market
16.2.4. Rest of Africa Electric Vehicles Market
16.3. Africa Electric Vehicles Market, By Vehicle Type
16.3.1. Passenger Car
16.3.2. Commercial Vehicle
16.3.3. Two wheeler
16.4. Africa Electric Vehicles Market Revenue (US$Mn) and Forecast, By Propulsion Type
16.4.1. Battery Electric Vehicle (BEV)
16.4.2. Fuel Cell Electric Vehicle (FCEV)
16.4.3. Plug-In Hybrid Electric Vehicle (PHEV)
16.4.4. Hybrid Electric Vehicle (HEV)
16.5. Africa Electric Vehicles Market Revenue (US$Mn) and Forecast, By Power Output
16.5.1. Less than 100 KW
16.5.2. 100-250 KW
16.5.3. Above 250 KW
16.6. Africa Electric Vehicles Market Revenue (US$Mn) and Forecast, By Charging Station
16.6.1. Normal charging
16.6.2. Super charging
16.7. Africa Electric Vehicles Market Revenue (US$Mn) and Forecast, By Vehicle Class
16.7.1. Mid-Priced
16.7.2. Luxury
16.8. Africa Electric Vehicles Market Attractiveness Index
16.8.1. By Country
16.8.2. By Propulsion Type
16.8.3. By Vehicle Type
16.8.4. By Charging Station
16.8.5. By Power Output
16.8.6. By Vehicle Class
17. Competitive Landscape
17.1. Competition Dashboard
17.2. Company Profiles
17.2.1. Tesla
17.2.1.1. Company Overview
17.2.1.2. Financial Overview
17.2.1.3. Key Developments
17.2.1.4. Strategies
17.2.1.5. Product Analysis
17.2.2. BYD
17.2.3. Volkswagen AG
17.2.4. BMW Group
17.2.5. Nissan Motors
17.2.6. Tata Motors
18. Acronyms
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Frequently Asked Questions
The global electric vehicles market is estimated to reach at a value of US$ 178.9 Bn by the end of 2020 and expected to reach at a value of US$ 1,889.5 Bn by 2028 with a significant CAGR of 34.4%
Enormously rising levels of pollution and global warming as well as many other harmful environmental issues across the world in recent times and immense technological advancements and dynamic government initiatives are the key factors driving the growth of market
The research report classifies the global electric vehicles market based on vehicle type, propulsion type, components, charging station type, vehicle class, power output, and regions.
The global electric vehicles market is dominated by Tesla, BYD, BMW, Volkswagen, and Nissan, among others.