The Global Electric Vehicle Market Size was valued at USD 11.88 billion in 2017 and is anticipated to cross USD xx.xx billion throughout the forecast timespan. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 21.1 % during the forecast period that is 2017-2025. The factors such as government support for electric vehicle and strength rules, expanding business for OEMs in terms of revenue, technological advancements in electric vehicles, proactive government initiatives, and leading manufacturers doing huge investment are expected to unfold various opportunities for the growth of the market during the forecast period. In addition, the trend of reduction in vehicular emission because of tight norms & government policies will play significant role in coming years to boost market growth.   

Global Electric Vehicle Market Size, Share Analysis, By Region 2017

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global electric vehicle market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global electric vehicle market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.   

Segment Analysis

This research report segments the market for electric vehicle on the basis of Type, Vehicle Type, Propulsion, EV Sales, Charging Station  and region along with forecast of revenue and analyzing trends in each of the submarkets.

Technology Insights: On the basis of technology the global electric vehicle market has been segmented into Battery Electric Vehicle, Hybrid Electric Vehicle, and Plug-in Hybrid Electric Vehicle and others. The Hybrid Electric Vehicle segment led the market growth in 2017 and is anticipated to be fastest growing segment over the forecast period in terms of demand and revenue. Other segment will contribute significant growth in coming years due to the products witnessing measurable demand. Each type is further described in detail in the report with value forecasts between 2017 and 2025 period.

Vehicle Type Analysis: Based on application the worldwide electric vehicle market has been categorized into Passenger Car, Commercial Vehicle, and Two-Wheeler and others. In 2018 the passenger car and transportation segment was valued to collect healthy growth rate and is estimated to show it’s continue dominance over the forecast period in terms of revenue. Each end-user is further described in detail in the report with value forecasts for aforementioned period.

Propulsion Insights: Basis on the propulsion the global electric vehicle market is divided into BEV, PHEV & FCEV. Each type is further described in detail in the report with value forecasts between 2017 and 2025 period.  

Regional Analysis

North America and Europe regions are estimated to show steady growth rate due to technological advancement, strict policies by government for vehicle emission, a well-developed infrastructure for electric vehicles, and presence of key manufacturers and key players in the region. Some of the American and European countries are adopted very strict rules and regulations for monitor vehicular emission that is major reason will boost the market growth during the forecast period. France, Norway doing very high investment in electric vehicle infrastructure which will result to drive the market throughout forecast period.  Asia Pacific is projected to be fastest growing region in the global market which is followed by Europe, North America and Others due to the huge automotive industry, high demand for personal vehicle, the strong presence of major electric vehicle manufacturing OEMs, low cost, and government support. Some of the developing economies such as China, India, South Korea, Taiwan, Australia and other countries have potential market for electric vehicles, as it has the maximum number of electric vehicles manufacturing industries.

Global Electric Vehicle Market Study Objective

1. To forecast the market size of electric vehicle market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of electric vehicle market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of electric vehicle market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of electric vehicle market, to induce market size of five global major regions which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the electric vehicle market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of electric vehicle market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of electric vehicle market commercially.

Key Players Landscape

These are the major key vendors and manufacturers in the global market Tesla, BMW Group, Nissan Motor Corporation, Toyota Motor Corporation, Volkswagen AG, General Motors, Daimler AG, Energica Motor Company S.P.A., BYD Company Motors, and Ford Motor Company, Zero Motorcycles, Renault Motors, Audi AG, Citroën, and Mahindra & Mahindra Ltd.  

Global Electric Vehicle Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.